Indian Indices Trade Marginally Higher; Bank And Telecom Stocks W

Share markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the banking sector, metal sector and telecom sector witnessing maximum buying interest. The BSE Sensex is trading up by 157 points (up 0.4%), while the NSE Nifty is trading up by 34 points (up 0.3%). The BSE Mid Cap index is trading up by 0.4%, while the BSE…

Gold Forecast: August 2018

Gold prices settled at $1213.11 an ounce on Friday, falling 0.77% on the week. The prospect that rising U.S. interest rates will further support the dollar continued to weigh on the market, pushing gold down for the fourth week in a row. While President Donald Trump delivered a critique of the Federal Reserve last month,…

Restructuring Of Western Economic Power

According to BRIC projections, the economic power of the BRICs is on the rise. But the other side of the coin is equally interesting. Among the G6 countries, US economic power is increasing at the expense of Europe and Japan. Recently, the 10th BRICS Summit took place in Johannesburg, South Asia. As the international focus…

Gold Remains Very Weak

For gold bugs the weekly chart for the December gold contract makes for dismal viewing, and despite the rally for gold intraday last week as seen on the deep lower wick to the candle, this morning’s early price action seems to have picked up the bearish tone once again, with a gap down open as…

Chart: Fundamental Sentiment Reset

This chart comes from the weekly survey I run on Twitter, which asks respondents whether they are bullish or bearish on equities and bonds for primarily fundamental vs technical reasoning. There has been an interesting pattern in “fundamentals” sentiment, with the turnaround in bond fundamentals sentiment seeming to presage the reset in equity fundamental sentiment. With a…