Sell gold on rallies, bullish on crude: Commtrendz

T Gnanasekar of Commtrendz Research and Fund Management advises selling gold on rallies. He is bullish on crude.

Below is a verbatim transcript of the interview. Also watch the accompanying video. Q: First for gold, you are selling there? A: Yes it looks like a sell on rallies today. When the markets opened yesterday, especially the New York Markets, gold rose too quick, too fast, thus prompting a good amount of sell-off and profit taking. That is what we saw in one session. You might have some more profit happening. So ideally it is a sell on rallies for the day as well. Q: What about crude? You seem to be bullish on that. A: Crude we continue to be bullish but the short term gyrations will continue. Clearly the short-term incremental supply is not catching up with the incremental demand. With US economy data coming out so good, crude is expected to cross USD 100 for sure. But then, it could happen after a small correction, possibly towards USD 86-USD 87 levels. So we still remain buy on dips for crude.