Comments for GalaTime

Comment on 5L Virtual Portfolio: Short Gold by Idris Baxamusa

Idris Baxamusa — Thu, 05 Feb 2009 18:10:54 +0000

i read yr article and it makes sense seeing your arguments that one shuld short gold now but then i came across this article on rediff http://specials.rediff.com/getahead/2009/feb/03sli1-investing-in-gold.htm which according to me dosent make much sense. but theres one point i wud want a li’l more information on “Currency fluctuation” according to the article it says
“As gold is pegged to the US dollar, it has an inverse relationship with the dollar. Right now with US being in great financial turmoil, the dollar has weakened against many other currencies. Dollar is expected to weaken further and prices of gold are expected to rise further. Dollar is a de-facto currency of exchange around the world. But now with US on the brink of depression, gold is substituted as a safe haven for investments. Though dollar seems to be getting stronger, it may be a temporary effect and very soon it can head southwards once again, in turn making gold an attractive and safe investment.”

could u please explain in a li’l detail your argument of $ against rupee/gold. would a stronger rupee lead to cheaper gold and why?

Comment on 5L Virtual Portfolio: January F&O Rollover by Kaushik

Kaushik — Wed, 04 Feb 2009 06:49:50 +0000

Gold sentiment is very bullish right now. Arugements range from gold as the ultimate ’safe haven’, to the potential hyperinflation from money printing by central banks, to weak dollar, etc. I think we are in a blowoff phase where gold could quickly corss $1000 then drop like a rock. Similar to the Sensex from Oct 07 - Jan 08. A new long position in gold right doesn’t seem a good idea to me.

Comment on 5L Virtual Portfolio: January F&O Rollover by Jhangora

Jhangora — Sat, 31 Jan 2009 14:02:20 +0000

I read an article in the latest issue of the Tehelka magazine that gold is a safe bet for investment as the US $ will be devalued soon. But gold prices are rising due to the increase in the demand. Over the next year or so which would be the best investment strategy?

Comment on Update: Sensex vs. Gold trade, 23% in a week by Salil

Salil — Thu, 24 Jul 2008 04:10:46 +0000

Hi,

I am a 2nd yr MBA student at IIT-Madras and have been a regular reader of your website. I just wanted to say that some of the articles are really great and you are doing a wonderful job. All the very best.

Salil

Comment on UPA wins confidence vote, do markets care? by Gurinder

Gurinder — Tue, 22 Jul 2008 21:13:11 +0000

I’m a regular reader of news you sort all over the world and find it very informatic. I was wondering is it only me as I haven’t saw many comments posted on.

Comment on Readings: Vietnam dong, IPO lull, Sensex 10000 by SENSEX @ 10000 ??

SENSEX @ 10000 ?? — Tue, 22 Jul 2008 11:52:40 +0000

People said Sensex would go to 27000 when it was at 21000. Now at 14000 some say that it will go below 10000 mark. I think nobody knows where the market will end but its advisable that one should not mislead investors by giving such predictions.

Comment on Buy Sensex, Sell Gold by Kaushik

Kaushik — Mon, 21 Jul 2008 13:08:04 +0000

Jose,

Yes, you can’t hold a short position in GOLDBEES - hence the phrase “in theory”

The only option is to short a gold future on the commodity exchanges - MCX or NCDEX.

Comment on Buy Sensex, Sell Gold by Jose

Jose — Mon, 21 Jul 2008 07:42:49 +0000

Hi Kaushik,

I am new to the gold investment zone. Can you tell/guide me to a plave where I can figure out how to “sell” gold? If I short GoldBees, am I not supposed to square off the position by the end of the day? Is there a place where I can go short for a longer period?

Ciao!

Comment on Hedge Fund Manager Interviews by ykm

ykm — Fri, 18 Jul 2008 11:01:42 +0000

awesome…

Comment on Buy Sensex, Sell Gold by Ajay

Ajay — Thu, 17 Jul 2008 07:02:15 +0000

We love optimism!
I wish you are correct and no more corrections on the markets!