Trading Idea – Gold has corrected
in the recent past in USD terms and I believe that this correction is a good
buying opportunity for 2016.
Idea Rationale – Yellen recently
commented that the fed will not hike rates anytime soon as the global economy
is weakening. I see weak economic activity as a positive trigger for gold.
Investors will buy gold as store of value and with increasing “risk-off” trade.
Long-Term View – I am bullish on
gold for the next 10-years. The precious metal is probably the only honest
currency and will trend higher as all fiat money depreciates on continued
expansionary monetary policies. KOTAKGOLD and GOLDBEES are among the gold ETFs
investors can consider besides considering exposure to physical gold.
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