The investors are jittery in corona times as the rally in the markets is not sustainable. Most imp member of the world community is Warren Buffett who is just sitting on cash as he expects a big crash in the market. The ongoing economic deceleration caused due to coronavirus pandemic is going to shift focus from equity to the bullion market. You can definitely get benefitted with MCX gold intraday tips or as a matter of fact with silver commodity tips here.
Thus simmering tensions with China is making gold and silver pretty attractive. Off late Silver has been doing better than gold and has been in a short term uptrend.
As a suggestion one must have at least 10% of their portfolio to gold and silver can be added partially to give it a better diversification in this segment.
Gold will also follow the path of Silver and at present Silver is the flavour of the market and we are seeing this bullishness in Silver after a long time. Only time will tell if we see Silver ascending to 90000 levels and gold also follows the suit.
There was earlier a report that Gold may touch 80000+ mark and it appears the way silver is moving up, the gold will not be far behind.
Thus simmering tensions with China is making gold and silver pretty attractive. Off late Silver has been doing better than gold and has been in a short term uptrend.As a suggestion one must have at least 10% of their portfolio to gold and silver can be added partially to give it a better diversification in this segment.
Gold will also follow the path of Silver and at present Silver is the flavour of the market and we are seeing this bullishness in Silver after a long time. Only time will tell if we see Silver ascending to 90000 levels and gold also follows the suit.
There was earlier a report that Gold may touch 80000+ mark and it appears the way silver is moving up, the gold will not be far behind.
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