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Friday, January 30, 2009

Dollar-Gold-Silver: what's lying ahead? - Updates

I wrote a long time ago, a long time because I am writing almost after 3 months and this is really long term for many who invest on a day-to-day or minute to minute basis.

I have written in my last posting on Nov 4, 2008 that Gold and Silver will give very good results in the coming time.Gold was trading near 12300 levels that time and now on MCX, February contract of gold is above Rs 14,400 and has given a cool 68% return. Silver was trading near 17500 and now it's near 19500 and has given an appreciation of 46%.

Regarding inflation, I had mentioned that if the crude does not dance below 80 then we might have problem of Inflation. Since crude is now below $45 on a constant basis we do not have to worry for inflation for next couple of months unless something fundamentally changes.

Happy investing...

Niteen S Dharmawat

IMPORTANT DISCLAIMER: Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that I consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.