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Is this the right time to sell gold?

Created by : Esha Johar, Risk Analyst, Irevna  | 12 19 2009 05:34:37 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : right time market condition sell gold
Activity:  406 views;  last activity : 07 06 2010 20:18:09 +0000

Some of the biggest buyers of gold may be sending the strongest signal to sell it, if past performance is indicative of future results. Central banks, holding about 18% of all gold ever mined, are expanding their reserves for the first time in a generation as a nine-year bull market drives prices to a record. India, China and Russia are now adding to reserves as gold nears its longest winning streak since at least 1948.

http://media.gold-trading-online.info/media/1/20090726-gold-bar-and-cash1.jpg

They’re joining a rush as investors in exchange-traded funds amass holdings to rival the biggest central banks. The best return in the gold investmenst has been found since May last month, led by gains in precious metals.The dollar’s share of global currency reserves fell to a decade low of 62.8% in the second quarter, the International Monetary Fund said on September 30. India bought 200 tonnes from the IMF in October. It was the biggest single central-bank purchase in at least 30 years over such a short period.

So users, do you think this is the right time to sell gold?

  
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Top Argument
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Yes, now its a time to sell the gold. Because the gold price is too high. Also, gold is going to climb much higher considering the uncertainties in world economy and the rampant inflation due to excessive printing of paper currency without any back up. Gold will never loose its shine. Accumulation of gold will always pay.
By Esha Johar, Risk Analyst, Irevna  12 19 2009 05:34:37 +0000
 
Top Argument
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No, it is not time to sell gold because now a days gold is going to down but in near future it will bounce back. Gold and tangibles are the ONLY REAL money. The present Depression is going to last 10 more years. Also, the prices of gold has starting falling down. After some weeks the prices will start going down rapidly. It may touch 12000 within a couple of month.
By Jyoti Rath, Sr. Associate, Barclays  12 19 2009 05:40:15 +0000
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Investment in gold is normally low risk investment, it won't have fluctuations either side, it will have only appreciation by and large over time. Threrfore you buy and sell gold at any point of time depending on liquidity requirement.
By RAMANATHA PRABHU N, Chartered Accountant  | 01 14 2010 12:17:19 +0000
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Madam Esha .. cant follow .. !! You prescribe sell or to hold ? When there is a (sure) possibility of price rise, as you like to say, why should we sell ? This topic and the  question is asked by you - may you elaborate please ?
By ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India  | 12 20 2009 13:10:06 +0000
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Gold price has reached the peak by 2nd December 2009.. From middle of July when the gold was ruling at $824 in the London market the price surged by 30 percent by the first week of December 09. The Business Power Metrics invented by me has the potential to indicate the pressure building  on the gold prices now. The gold price is not likely to sustain the rate of rise registered in the past. Rate of price rise may be slow with many more declining intervals. The current demand of gold is likely to be weaker because many holders and hoarders will find it the right opportunity to offload gold at the currently high prices and book profits. This opportunity may vanish. Iwill present very soon a mor technical paper to corrobbotate my theory. Now it is wiser to sell and be relieved

Microsolar Brain
By Kanti Mohan Pandit, CEO/MD/Director, Center- Business Intelligence & Forecasting Cal  | 12 19 2009 08:40:04 +0000
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as US printing additional money, gold will still hold the high value.
By Govindu Ravikumar, a  | 01 27 2010 15:20:51 +0000
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This is the time to hold Gold. $ position is not so good.
By R.K.MALHOTRA , Investment Advisor, Trainer and motivational speaker, WORKING FREELANCE  | 01 14 2010 12:13:35 +0000
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Its not the right time to sell gold and instead the right time to buy gold. One can benefit from the upside of gold prices by  obtaining physical gold from the gold market or by investing in Gold Exchange Traded Funds(ETFs). Gold can provide good returns over a period of time and should be a part of one's investment portfolio.
By John D Nevin, Manager - Finance & Administration,StreetEdge Investments  | 01 14 2010 11:54:17 +0000
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This is not the time to sell gold, this time is ideal to buy gold and keep it till december then it can give you a good return. I suggest that one should have at least 10% of there portfolio to be invested in gold every year so that in long run it will always give a good return.
By Sharad Kiyal, Financial Planning Advisor, Aviva Life Insurance  | 01 14 2010 02:52:39 +0000
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Yes, even i feel this is just an intermediate downturn in gold price. There is lot of room for the gold prices to move northward then south. One should hold on the investments in gold and try to accumulate whenever there is a sharp fall. ..... Thank you, Manish N.

Cheers!!
By Manish N Chugh, Officer Trainee, Stock Holding Corporation of India ltd.,  | 12 21 2009 14:24:15 +0000
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This is not the right time to sell Gold.Gold id in buy mode.If it has to go down then it must break 14550.00 level, rather when it comes near this price put stop loss of this and buy. There is no indication of going down.To my school of thoughts Gold will hold around this price {in-between 1500 to 1800} for good long time.More over Economic conditions, terror attacks make it for buy as suppose you sell Gold and if their is any terror attck it will take reverse action so One has to be fully prepared with stop-loss.

Happy Trading
By R.K.MALHOTRA , Investment Advisor, Trainer and motivational speaker, WORKING FREELANCE  | 12 21 2009 04:19:28 +0000
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no..its not right time..
By varsha , Head/VP/GM-Quality, frac  | 12 20 2009 17:35:31 +0000
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Gold could Rebound back once to 1186 --1194 lvls thats place One can Look for Exit Again , Looking at the charts Now the Long term supports are placed near 1070--190 band ..Which is just 5-6 % away From Current prices , So taking exit Near long term Supports Wouldnt be a good idea

the Above view is purely based on technical analysis Looking at weekly charts

www.askchirag.com

 
By Chirag Kabani, Technical Analyst , askchirag.com  | 12 20 2009 08:03:37 +0000
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       don't sell now
By malladi madhukumar, AGM -MKTG, Andhra Cements Ltd  | 12 19 2009 09:02:57 +0000
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I agree with Jyoti...we need to wait for at least 3 months, before annual report of the companies...which will decide the right path of thinking about gold prices. In y opinion it will raise and touch to 20000 level.
By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 12 19 2009 05:49:31 +0000
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