#Gold
Fresh Breakout now. https://t.co/XuCfPKRF9g

#Shree Cement

#SBIN
Good opportunity to add for long term

Retest of Breakout Charts
#Aartiind
#Castrol India
#Akshoptifibre
#HDFC

#Sudarshan Chemical
#Godrejprop

#SAIL is good investment bet for next 5 year view.
Go step by step for target.
Any dip towards 70-65 is good to accumulate.
1st is monthly candlestick chart.
Another is 8% x 3 P&F Chart.
Tried first time P&F chart @ap_pune

GOLD: I don't understand what's so complicated about Gold.

Below 1920: Must avoid.

Above 1920 on weekly and monthly closing basis: Breakout of epic proportions.

Better way to Invest in Gold -

The new Sovereign Gold Bond (SGB) issue opened today for subscription for 5 days from 17-21 May.

Thread on why consider SGB bonds vs physical gold this year-

1. Earn Interest:

Big Advantage - SGB offers 2.50% per annum interest. It will be credited to your bank account once every 6 months.

Physical gold sits ideal, gold bonds earn you money.

2. Safety:

Keeping gold safely is one of the major challenges that people have to face when buying gold.

However with SGB, gold is safe in a vault under Government surveillance.

Your bond can be kept in Demat format.

3. Purity:

Checking the purity while buying Physical Gold is a common problem but investing in SGB saves you from having to go through the trouble of checking purity as it is being issued by the Government and each unit you buy is backed by 99.9% pure 24-carat gold.

4. Collateral:

One of the lesser-known advantages of Sovereign Gold Bonds is that they can be hypothecated for taking loans which makes it equivalent if not better than buying physical gold.

Why Gold could be 'The' asset to focus on and how to play it?

In 2021, gold hasn't done much. Its down 6% YTD. It was up a clean 20% in 2020.

What could be in store ahead. A thread 🧵 explaining drivers and way ahead.

There are 4 factors that are key to watch

1. Massive financial debasement across the world

2. Negative Real Interest rates

3. Gold's unique diversification edge

4. Incremental demand Vs limited supply

Financial debasement
US Fed's balance sheet has doubled from $4.2 trn to $8.4trn since COVID began. Similarly ECB, BOJ, BOE and EM central banks have embarked on massive monetary stimulus.

This was used to finance Govt deficit. This monetization/debasement is bullish for Gold.

Negative real rates
Gold prices follow moves in interest rates. Real interest rates are the nominal level of interest rates minus the inflation rate. Negative real rates erode the value of money. Gold being a store of value benefits from this...

Real rates are the most negative that they have been. Even junk bond yields have turned negative adjusted for inflation.
Gold moves inline with moves in real rates. With inflation still above normal trend and central banks likely to keep rates low, Gold is likely to benefit.

#Gold the setup look like a rocket to me... maybe my bias

IF this right shoulder completes and breaks out, we can get to 2150.

#gold
@sich8 @GoldTelegraph_