Hello friends.. Read this carefully..
Gold has a target of Rs.8500/- within 2 months.
Here's the reason i find for its fall.
The recent Credit Crunch has almost drifted away all the major Financial Institutions. The US economy has collapsed to its extreme extent. There are no cash reserves left with the US economy to uplift themselves from the Financial Crunch. But there is only one way they can save themselves from the crunch now. They have to sell off their Gold Reserves n save their economy from vanishing still more deeper. Selling off their gold reserves is the only way they can save themselves. With this, there will be a large amount of supply of gold into the market which will lead to cooling down of gold prices. So, again the investors will start diverting their money into equity markets.
And if there is a large infusion of money in Equity markets as said above, then we may soon see Sensex touching 13000-13500 levels within the year end. So friends this might be a last chance to pik up the front liner stocks at such dirt level prises. Grab ur chance. Pik up the stocks like Reliance, HDIL, ONGC, TATA MTRS, for a 2 months delivery period.
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Thank You.
