Sunday, January 11, 2009


It is always a pleasure to answer on my favourite subjects.
Regarding the price of Gold in near future., I for one do not think that Gold will fall because Crude is falling. The relation of Gold with regard to Crude has in the recent past, deviated.
In fact, I had an interaction with Mr.Gopal Agarwal,(Fund Manager of Mirae Asset), when he was in Bangalore during the launch of Mirae Asset Global Commodity fund, where he was of the view that relation of Gold v/s Crude has evaporated and he seems to feel that Gold as a commodity is entirely different and cannot be compared to other commodities. Mr.Gopal Agarwal was bearish on Gold for long term and said short term it could be a market performer, at best.
However, I also had an interaction with officials of DSPML and AIG, and both had similar views that Gold is ripe for a BIG BOUNCE and they expect it to cross $1200 very soon.
One thing you should note here is that a Fund Manager is never bearish. He is always bullish, especially on the stocks/commodity he owns. That could explain the bullishness of DSP and AIG.
I personally that Gold should definitely form a part of your portfolio but should not occupy a major chunk of your portfolio.
Best of luck.
Srikanth Shankar Matrubai

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