Gold : Returns better than SENSEX

According to Economic Times, Gold ETFs from Jan 08 till date have given better returns than the BSE SENSEX.

GOLD ETFs Return
UTI 12.5%
NSE GOLDBEES 12.46%
RELIANCE 11.79%
KOTAK 12.45%

SENSEX -25.18%

A fund manager at Schroder Investment Managament Ltd has stated that Gold may touch $5000 & more as investor would desperately seek to protect themselves against accelerating inflation.

Readers should draw their own conclusion & take appropriate action.

Disclosure: I have position or maybe trading in above said stocks/ commodity for myself/ family members / friends / Associates.

Please go through Disclaimer on this blog.

Bullion Update : Support on Weekly Chart

On weekly chart, gold has good support at $850 as mention in my last post.
There is a probability of Gold crossing $1000 after taking support at the lower band($850)


Readers should draw their own conclusion & take appropriate action.

Disclosure: I have position or maybe trading in above said stocks/ commodity for myself/ family members / friends / Associates.

Please go through Disclaimer on this blog.