Hitesh Parikh’s Call on GOLD / SILVER / CRUDE & USD for 2017
December
29, 16
Hitesh Parikh’s Call
on GOLD / SILVER / CRUDE & USD for 2017
Greetings
from Hitesh! Thanks a ton for making our last two posts most read. On December
26, 16, we had written - How do we see
market in 2017?. If you have not read the same – I suggest you should read
it and plan your investments accordingly. Today I am going to deal with GOLD /
SILVER /CRUDE and USD. Let us start with GOLD.
Gold in 2016:-
We
had given a bold call to buy GOLD on 5th November 2015 and on 15th
January 2016. The gold had moved from Rs.25000 to Rs.65000 in Indian market.
Official rate also made Rs.34000 during November 2016. Our target was Rs.41000
and we are happy that Gold has crossed our target by 50%. This is the advantage
of following Hitesh Parikh. Many guys have sold the gold in CASH and deposited
their money in BANK during Demonetisation Drive.
Current
rate of GOLD is around Rs.27000 per 10 grams and we see this rate going up in
2017!! We recommend BUY and ADD at every level.
The
basic logic of EXPERTS for gold going down is USD moving up. So, they are
talking about GOLD prices going down. For the same logic I am saying GOLD will
go up. How?
Today
the USD is equal to Rs.68. If it goes up to Rs.75, Gold prices will move up in
India by minimum 10%. We have 10% import duty plus VAT 1% - so add another 11%
to that cost and GOLD prices will always remain up or steady in India, in spite
of it falling in USD terms, if at all it falls. Now, if the GOVT reduces the
IMPORT DUTY – our landing cost will come down but we can’t control the USD!! Looking
at ANTI GOLD attitude of the Govt. and coming GST implementation, chances of
reduction in gold import duty looks remote.
The
solid reasons for buying GOLD are Ground Realities of the WORLD we are living
in today.
1. Overall
many parts of the world are facing WAR like situations and anything can happen
anytime.
2. US
economy, though it looks doing good – may not perform well in coming quarters
and FED may not increase the RATE as declared by them in last meetings in
December 2016.
3. If
you look at India SPECIFIC reasons – our Govt has created severe CASH crunch
and they have denied the cash withdrawals in the past months. In the situations
of Personal EMERGENCY – Gold can be very helpful if you can’t generate CASH on
immediate basis. (Don’t judge India’s situation from Mumbai or
Metro city’s standard.)
4. Another FACT is CHINA and RUSSIA are adding GOLD as if there is no
TOMORROW. This is a MAJOR factor in favor of GOLD buying, which NO MEDIA is
talking about!! Just read between the lines.
5. GOLD
is a GAURNATEE of PEACE for the Indian Citizen in 2017.
6. I
see SILVER also doing well along with GOLD in 2017.
7. So,
make GOLD and SILVER – part of your portfolio as per your RISK taking capacity.
CRUDE:-
On
20th December 2015 in our post titled – How about
seeing USA as oil exporting country – we had given following call on CRUDE….
---------------------------
“We see CRUDE is about to bottom out. Now crude is trading around
Rs.2400 on MCX. With the fall in international prices – it may go down further
for SHORT PERIOD of time.
If you are a commodity player and you have a
patience to hold CRUDE for 6 months and more – I suggest you go on adding in
SMALL LOTS at every decline.
CRUDE will surely FLY. Remember me in DEC.,
2016!!
If you are international TRADER – you can buy in
USD and forget. You will bless me. CRUDE is about to TAKE A “U” TURN!!”
-------------------------------
Currently CRUDE made USD 55 from USD 31 in last DECEMBER - gain of 77% in a year!! It was a FREE
ADVISE - did you follow? For MCX traders
the price moved up from Rs.2400 to Rs.3700!! Gain of 54% !! What else you want
from us? Just bless us for our timely calls.
Warren
Buffett also bought stake in CRUDE REFINERY Company PHILIPS 66 in JANUARY. We
were ahead of Mr.Buffett in seeing the TREND.
For the year 2017 – I
see CRUDE will move up further.
Mr.Modi V/s. FIIS:-
Demonetisation
has spoiled the FIIs game. To top it Mr.Modi is planning 40% TAX or more TAX on
Foreign Portfolio Investors. This is DOUBLE WHAMMY for them. They will have to
recover their losses and they will jack up prices of CRUDE.
If
you see USD moving up – CRUDE landing cost will also move up automatically in
India. In both the cases CURDE will surely move up. You must not ignore CRUDE
from your TRADING portfolio in 2017.
USD:-
We
see this is also moving up due to various factors. Not necessarily US rate
hike. If the rate hike does not happen then also the USD will move up!! So, USD
should also be part of your 2017 portfolio.
What NEXT?
If
you want to know the EXACT timings of BUY and SELL – you can join our
personalized services and make tons of money.
Many
friends are joining our services for 2017. We invite you to join us ASAP.
Opportunities
do not wait for anybody. You just have to GRAB it with two hands.
Have a GREAT YEAR END.
Live With Passion…Invest With Passion.
Hitesh Parikh.
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