The primary purpose of this blog (Prithviraj Kothari 's view on Bullion Markets - MD, RSBL (RiddiSiddhi Bullions Ltd.)) is to educate the masses of the current happenings in the Bullion world.
RSBL : Friendly News...But Gold Fails To Ignite (27/04/2015)
The week has lot of gold friendly news- but unfortunately none of it supported gold. Be it the soft US data reports or the Greece Crisis or the weakening US dollar any many other news- Gold failed to benefit from any of them.
Any news failed to ignite gold prices leaving it range bound for the week.
Let’s take an in depth analysis of what exactly happened for gold.
On Friday, the price of gold was down more than 1.5%, or nearly $20 an ounce, to as low as $1,176, the lowest price for the precious metal since late March.
Gold ended lower on Friday as investors were more interested in next week’s monetary policy meet of the Federal Reserve

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RSBL : A PUZZLED MARKET FOR GOLD (19/04/2015)
It was a rather confused market for gold this week. The negatives pushed gold high while the stability kept it low.
Though it was a neutral week for gold, it managed to stabilize over $1200 an ounce. The recent gains on gold prices have been supported by-
  • The sluggish reports from the US economy
  • The dreary March payrolls report from the Labor Department
  • The slowly advancing US housing reports
  • Rise in SPDR Gold Shares
  • The uncertainties about Greece’s finances
  • Other geopolitical tensions

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RSBL : A Good Opportunity To Buy Gold (13/04/2015)
The last couple of years have been anything but normal for gold. Back in early 2013, the Fed started augmenting its young QE3 debt-monetization campaign with aggressive jawboning. It kept implying to stock traders that it was ready to quickly ramp up money printing if the stock markets sold off materially. This short-circuited normal healthy sentiment rebalancing sell offs, as traders feared nothing.
Thus the stock markets levitated, powered higher without normal material sell offs. Since gold is an alternative investment that moves contrary to stock markets, this slowly strangled gold investment demand. Investors gradually abandoned it, leaving this metal for dead.

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RSBL : PLAYING GAMES WITH GOLD? (05/04/2015)
A truncated week due to Good Friday was not so good for US with significantly weaker Non Farm payrolls report. Moreover many trading centers remain closed for Easter Monday. Anyways, let’s hit back to the Gold price rise over the week and some more understanding on US economic indicators that hit the market.
The first weak data coming from US on Tuesday was the contraction in Chicago PMI for second month in succession. Following February's five year low of 45.8, analysts were again disappointed as March's print came in well below expectations at 46.3 (exp: 51.7). The March figures takes the quarterly average to 50.5 over Q1 2015, the lowest quarterly result since Q3 2009 and markedly down on the 61.3 we saw in Q4 2014.

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This blog contains my opinion, which is not to be construed as investment advices. Information provided in these blogs is intended solely for informative purposes and is obtained from sources believed to be reliable.