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last activity : 07 06 2010 20:18:04 +0000
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Gold steadied near $990 an ounce on Friday, consolidating a potent two-day rally that took the market to within a whisker of $1,000, with inflation concerns and jitters over stock market gains stoking investor interest.
Gold is benefiting from uncertainty over the strength of the economic recovery, with investors who see the recovery faltering buying the metal as a haven from risk, while those who believe it is sustainable choose the metal as an inflation hedge.
Gold, traditionally a port of refuge during economic storms, broke out of two months of range-bound trade this week, with investors seeking out a fresh play after global share prices reversed course and a rally in other commodities stalled.
Find MCX Gold Technical Trend Analysis
http://suchitaambardekar.blogspot.com/2009/09/gold-mcx-trend-analysis-250909.html
By Suchita Ambardekar
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yes, this is the right time to buy copper, but do so with stop loss in case one takes a trade in MCX.. In case of investments and physical delivery in copper, this is the right time to buy copper and may add more on more weakness. |
Thanks all of you for such nice comments.. |
How to create a proper portfolio with judicious asset allocation and add timely sector plays? |