GOLD AND WORLD MARKET UPDATE

    WEEKLY UP DATE:

·        ACCURACY OF OUR FORECASTING:

We have writte aboutall global market that major fall is manipulative and news driven, and willbounce back soon yesterday “DOWJONES CLOSED IN GREEN”.

·        GOLD: GOLD AS FORECASTED CRASH:IF GOLD IS GOING BELOW $1860 THENBEAR RALLY UPTO $1680 IS NOT RULED OUT ,YESTERDAY GOLD CRASH UPTO $1630 ANDBOUNCE BACK.

·        If still gold crash $1610 then panic selling up to $1560 is notrule out.

NOW NEW CHANGE IN GLOBALMARKET:

INVESTORS ARE BUYERSIN DOLLARS AND US TREASURIES DUE TO FOLLOWING FACTORS:

PROBABILTY MAY BE:

·        EUROPEN INVETORS SEEKING PROTECTION FROM THE CRISIS IN EUROZONE.

·        IF STONGER DOLLAR DOES IMPLY LOWER GOLD PRICE-(PRICE EFFECT –COMMODITY).

·        DOLLAR IS ALSO TRATED AS SUBSTITUED TO GOLD. (GOOD EVEIDENCE –IN2007-2009-RECESSION PERIOD).