Gold prices hit an intraday high of $1,280 per ounce on Thursday-a new all time high. The biggest factor pushing the metal higher was Anglo Ashanti's announcement that they will cover $ 2 Bn in Forward Sales of Gold, going as far as into Jan 2011. This lends credence to the Street view that Gold was headed even higher, and Anglo Ashanti was being opportunistic in taking off the hedges. Meanwhile, investors continue to flock to gold as a safe haven investment as uncertainty swirls around the market with regard to the health of the global economy. And gold bugs aren't the only ones benefiting from the higher gold prices today -- a look at some gold mining stocks today reveals some pockets of strength in an otherwise sideways market. Barrick Gold ( ABX - news - people ) is higher by 0.8%, Kinross Gold ( KGC - news - people ) has gains of 3.5% and Eldorado Gold ( EGO - news - people ) has picked up 1%. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. --- On Thu, 9/16/10, Bhagirath Verma <verma.bhagirath@yahoo.in> wrote:
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
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