2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.38

+2.7%

Nov 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (28127)	1/22/2008 2:23:11 AM
From: Amark$p	Read Replies (1) of 217661

I generally hate to see a whacking in any country's stock market. However, I am VERY happy that the Indian stock market is getting pounded... Was reading several articles on how Indian investors (mostly urban rather than rural) were lessening their gold holdings and investing in Indian stock market and bragging how much more money they were making in the stock market rather than in gold. With Indians purchasing 21%+ of annual gold supply primarily for the bank accounts around their necks, fingers, and arms, this was not a trend I was comfortable with (i.e. more stocks and less gold)... This 20%+ whacking of the Indian SENSEX (12% today) is welcome news for me..., don't mind SENSEX outperforming world stock markets just as long as it does not outperform gold..., and as much as Indians hate volatility of the gold price, it is especially good news that SENSEX now more volatile than gold... (Now I can go back to worrying about next year's Indian monsoon season. You do not want to be in gold when low rainfall/drought causes those rural Indians to sell their gold for food and self preservation..., that could bring about the same amount of gold on the market as annual central bank gold sales...)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next