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.
Too Many Economies Putting Pressure On Gold? (30/11/2014)
The ones who are constantly in touch with the world markets especially precious metals know that the driving force behind gold and the main reason for its volatility between 2008-2011 has been the
  • FOMC’s policy,
  • Falling long term treasuries rates
  • Higher risk of economic slowdown
  • Fear of inflation.

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Lots In Basket For Gold In This Week (24/11/2014)
The week was volatile for gold. Gold acted weak on Monday but later picked momentum by the end of the week, ultimately closing the week higher and notching a third straight week of gains.
On Monday, gold prices ended slightly lower and pulled back from the positive gains witnessed last Friday. A stronger US dollar weakened the gold and silver markets.
But later in the week gold manages a rise above $1200 even though the dollar gained. Even though the negative news from China surface and as the ECB started to buy asset-back securities as a part of the stimulus program, dollar strengthened.

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The Dollar IS Being Watched Closely (16/11/2014)
Gold's long term appeal continues to remain clouded by doubt. The dollar is getting stronger and the US economy is on the forefront and traders believe that interest rates will rise faster which weighs on gold as they lift the opportunity cost of holding non-yielding assets.
Till Thursday, gold price remained in a tight trading range. Precious metals sliced back early gains on Thursday after the lower than expected jobs number were released. Unemployment claims climbed 290000 more than the estimated 282,000 and Jolts jobs opening disappointed at 4.74 million against the expected 4.81 million.

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Is Gold Being Completely Controlled By The Dollar? (09/11/2014)
Gold is being pressurised on multiple fronts-
  • Equities
  • U.S Dollar
  • Chinese Demand for Gold
  • European Union
  • Japanese Bank
The equities markets is yet another reason that continues to pressurise gold. The stock market continues to look poised for another run higher into new high territory.

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Fed Sets The Rule For Gold (02/11/2014)
Since December 2008 to June 2011, gold rose 70 % as the Fed bought debt and held borrowing costs near zero percent.
Last year being the worst performing year for gold, as prices slumped 28 per cent as the markets had expected that the central bank would taper its monthly stimulus program which was the main reason for the spark rise in gold in 2011. After spending much of the month bouncing off a triple-bottom low around $1,180 made on Oct. 6, and previously in December and June 2013, gold prices turned weaker and spent the last week and a half drifting lower.

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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.