Wednesday, March 11, 2009

Post 552 : USD vs. Gold

All around me analysts are predicting a strong USD (because of dollar’s flight back to safety…makes sense) & a runaway gold price (what do you do once you have got the dollar home)?

My own take is very contrarian. USD in the short term 1-3 months will hover around 55-56 to the Rupee. My 12 month target, ending 1st April 2010 is 45 (more like 45 pushing to 40).

And gold?

I believe Gold will stabilize between 1400-1600 INR per gm.

I am no macro-economist, and am wrong many times. Whoever said you need to bet correct?

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