In mids of festive season in India, Gold rising quickly.
Usually during festive season buying of gold multiplies by many times in India, a very large scale gold market. Also, global uncertainties due to Credit Suisse bank issue has some people going back to old safe bet.
At current level its very difficult to give buy signal, but on any tracebacks gold should be bought till at least Feb-March month.
Also, while there is indeed some crisis, its not going to be 2000, 2008 or even 2020. There is no surprise element and market has been adjusting for it for last 5-6 years, evident by the stick price of Credit Suisse bank itself.
So accumulate, but be careful at what levels, don't panic buy.
At such a times its usually better to limit exposer.
At current level its very difficult to give buy signal, but on any tracebacks gold should be bought till at least Feb-March month.
Also, while there is indeed some crisis, its not going to be 2000, 2008 or even 2020. There is no surprise element and market has been adjusting for it for last 5-6 years, evident by the stick price of Credit Suisse bank itself.
So accumulate, but be careful at what levels, don't panic buy.
At such a times its usually better to limit exposer.
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