• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
Real-time Stock quotes, portfolio, LIVE TV and more.
GeStepAhead Travelcafe

Chat Transcript

  • Gnanasekar T

    Feb,21,2013, 12:00 hrs

    Which commodities look good to buy or sell

    Gnanasekar T , Comtrades

  • vinod_kumar9: Sir, gm. How do you see yesterdays Fed announcement on bonds to impact gold and silver.

  • Gnanasekar T:

    Hi, The announcement yesterday was nothing new. The prev FOMC minutes has also indicated the same. However, this time gold bulls are nervous due to big funds trimming their positions.

  • mumbai.com: hello sir, how r u? do yoy think gold will reach 25000 in near term? can one accumulate gold at this level?

  • Gnanasekar T:

    Veru well, thnaks! There are some key levels to watch. Initially 29,000 is expected to hold for a retracement. Subsequently it has chances to decline to 28,500 levels. Beyond that I am sceptical at this point though I might not rule out 25,000 also.

  • rnp_111: where do you see support for silver? Thanks

  • Gnanasekar T:

    $26.50 in intl mkts and 51,-500 in domestic mkts.

  • vishaljain002: Sir, whats your view on silver at Ts 53000/-. Previously it made a low of Rs 48000/- before climbing to Rs 64000/- levels from where it has fallen. Where do you finda bounce back in silver? Also, please advice regarding the target and timeframe. Thanks.

  • Gnanasekar T:

    $25-26 in intl mkts and close to 50,000.

  • mahavir_1008: hello sir, at what levels can one buy gold or silver

  • Gnanasekar T:

    think 28,700-29,000 in short-term should be good support. But not necessary that it might hold there. Can go doen. For investment purpose one should be prepared to buy on dips.

  • vishaljain002: Please advice regarding the investment levels for gold along with the target and timeframe. Thanks.

  • Gnanasekar T:

    Intl mkts $1525-30 is a good support close to 28,800-28,900 in domestic mkts looks a good support.

  • vishaljain002: Can silver ever cross the Rs 70000/- mark which it hit a few years back?

  • Gnanasekar T:

    Nothing is impossible!!

  • pfaisalkhan: which is the best agri commodity to invest in for the next six months

  • Gnanasekar T:

    Agri commodities are subject to weather and demand/supply situation and one cant take a call in advance. But one can look at cotton on the long side and edible oil on the short side.

  • sammin22: can one short gold @ 1767 for a tgt of 1735-26? and silver @ cmp for a tgtr of 27.5? and crude for a tgt og 90$

  • Gnanasekar T:

    you mean $1567 for a tgt of $1536, Yes can with a stop at $1610. Silver too with a stop at $29.20.

  • symantec: How does gold look to you? Shall one consider investing into Gold ETFs at current level?

  • Gnanasekar T:

    Gold`s weakness could continue but it is nearing crucial supports. So, for investment purpose one can consider buying near those supports. 28,500 levels.

Get started using your favorite social network


Login using moneycontrol ID


Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network


Simply sign up using this short form

* mandatory


Username should be atleast 4 character


Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter


Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Already have an account? Login