Our blog of 20 October, 2011
USD headed higher
today USD-INR opened above. 50 level.
This can potentially open the way right upto 52.
......................CURRENT LEVEL : - 51.29
Our blog of 11 November, 2011
USD-INR,
nothing seems positive for the rupee at the moment.buy of dips is the only mantra . But day traders can get stopped out due to volatility
...........Indeed nothing turned out to be positive for rupee
Our 26-sept-2011 Blog
Domestic gold (dec futures) are certainly cheaper and attractive today --- no one requires our advise for that. But we would only caution to wait for consolidation signs rather than simply rushing in. Because after that one needs to only roll dec Longs into Jan and Jan Longs into feb.
..............After consolidation Dec gold touched 29000 very recently.
Our blog of 11-Nov-2011
Dec Gold : wait to buy below 28484 (shorting is risky)
....................Today`s(18-Nov) low is 28411
GOING INTO DECEMBER
$ -RUPEE :-- The central Bank may come in from time to time. They might even route Oil payments directly. Any sudden strength in Euro is bound to Pull USD-Rupee rate down. Hence better to stay away from this currency. Buying should be done on Dips & not in zone of 51.30 to 52
Gold:- 2012 January onwards, heralds a new Price discovery for Gold.
USD headed higher
today USD-INR opened above. 50 level.
This can potentially open the way right upto 52.
......................CURRENT LEVEL : - 51.29
Our blog of 11 November, 2011
USD-INR,
nothing seems positive for the rupee at the moment.buy of dips is the only mantra . But day traders can get stopped out due to volatility
...........Indeed nothing turned out to be positive for rupee
Our 26-sept-2011 Blog
Domestic gold (dec futures) are certainly cheaper and attractive today --- no one requires our advise for that. But we would only caution to wait for consolidation signs rather than simply rushing in. Because after that one needs to only roll dec Longs into Jan and Jan Longs into feb.
..............After consolidation Dec gold touched 29000 very recently.
Our blog of 11-Nov-2011
Dec Gold : wait to buy below 28484 (shorting is risky)
....................Today`s(18-Nov) low is 28411
GOING INTO DECEMBER
$ -RUPEE :-- The central Bank may come in from time to time. They might even route Oil payments directly. Any sudden strength in Euro is bound to Pull USD-Rupee rate down. Hence better to stay away from this currency. Buying should be done on Dips & not in zone of 51.30 to 52
Gold:- 2012 January onwards, heralds a new Price discovery for Gold.
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