Tuesday, September 16, 2008

INDIAN FESTIVE SEASON A HEAD

Bullionguru Views (Sep) : WE ALL KNOW THAT INDIAN FESTIVE SEASON IS
AHEAD. FESTIVALS LIKE DUSHERA, EID, DIWALI, CHRISTMAS & THE INDIAN
MARRIAGE IS PEAK SEASON FOR BUYING GOLD
THERE IS HUGE DEMAND OF GOLD DURING THE MARRIAGE SEASON ,
DHANTARUS & DIWALI. THE FAMILIES BUY GOLD & SILVER JEWELLERY DUE TO
WHICH TONNES OF GOLD IS CONSUMED DURING THIS PERIOD IN INDIA.
WE FORSEE GOOD RALLY IN GOLD PRICES DUE TO INCREASE IN DEMAND IN
COMING MONTHS.

Sunday, September 14, 2008

GOLD GETTING IT'S Lustre BACK IN INDIAN BULLION MARKET

WE ALL SEEN THAT GOLD CONTINUOUSLY LOSING HIS LUSTRE DUE TO THE HEAVY SELLING PRESSURE BY THE GLOBAL GOLD FUNDS . THEY ARE CONTINUOUSLY SELLING THEIR GOLD BY WHICH, GOLD CORRECTED FROM AUGUST HIGH OF $ 986 . GOLD HAD STRONG SUPPORT AT $ 742 & RESISTANCE AT $ 786.

ALL THE SUPPORTING METALS OF GOLD , ALSO MADE TWO YEAR LOW'S DAY BY DAY. BUT INDIAN MARKET GOLD PRICES TAKES PREVIOUS SUPPORT AT Rs 11200 DUE TO DOLLAR STRAIGHTNESS. WE SEE GOLD PRICES COMES AT Rs 10800, AT THIS THERE WAS A PSHYCOLOGICAL SUPPORT IN FEW MONTHS

FOR DAILY FREE TRENDS OF GOLD & SILVER KEEP VISITNG :

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