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Chintan Karnani

Chintan Karnani Articles

The technical correction in gold, silver, copper, and crude oil is over yesterday. The next big wave of sell-off will be there only if they fall below yesterday’s low. The message is simple: Only a slump in global stock markets will cause...
As an Indian and as an Asian, I am not surprised by the current rise in gold and silver.  The only concern is the snail’s pace of rise. Gold price has risen this year but still way below actual valuation.
Federal Reserve will raise interest rates by 0.25% in its March 16 meeting. Now traders will not bother about surprises in Federal Reserve meeting. US ISM Non-Manufacturing (feb) at 8:30 pm Indian Time will impact bullion price.
There is still a debate on the quantum of interest rate hikes in March. None of the Federal Reserve speakers have backed an aggressive 0.50% interest rate hike in March. In my view, an interest rate hike between 0.10% to 0.25% interest...
The Ukraine situation it seems will worsen. The US president is using the usual threat of “trade sanctions or trade alienation” to both China and Russia. Russia wants talks on Ukraine.
China has cut their interest rate today. This was on expected lines. I do not see any significant impact on gold and silver and copper.
Demand outlook is very bullish for copper, nickel, and all base metals in 2022. Copper usage in DE carbonization and in electric vehicles result in higher demand.
Merry Christmas to Everyone. Young retail traders do not want to trade and invest in gold and silver. They prefer investments which give monthly returns of over ten percent. They have an equally high risk taking ability. Young traders or...
Federal Reserve Chairman U turn on inflation this year was politically motivated just to get a Re-nomination. Inflation and worries over price rise has resulted in Biden’s approval rating hitting lowest in his presidency. Inflation is the...
The only reason (in my view) as to why gold and silver are not rising is that traders are preferring to average it out in their crypto currency investment or meet margin calls in crypto currency investment. There is no other reason. Crypto...

USA has the world’s largest holdings of gold: 8,134 - representing 77% of its Total Foreign Reserves.

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