This is a great way for Indians to Invest in Gold and Hold it outside of a Bank Outside of India and hedged from currency depreciation and Bank failures. Check it out https://www.goldmoney.com/r/hjjqts

GoldMoney has essentially created a global network of Vaults in various countries and allows you to hold your Money in physical gold anywhere. Regular savers who want to buy a fixed amount each month can even create a recurring deposit that is made each month automatically. 

Many people ask me how to hold Gold and How to buy dollars but not on the Futures exchange. And this is a way you can do both at the same time, and the gold is held at a low cost outside a bank and so no bank holiday or closure affects you. I thought it was a great instrument and so I am referring it to you. The link above is from my customer account and I would get credit for referring you. So do use it and consider it if you are serious about making gold investments.

09 JANUARY 2016 

The weekly elliott wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt.

MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE 

Two weeks up complete the Nifty still did not close above the weekly average but we did surpass the 8275 swing high intra week. The first target near 8310 was achieved this week and now we are watching key supports for the second target to be reached. Counter trend moves of higher degree can continue for 3-5 weeks...  READ MORE

 LONG TERM  

THE LONG & SHORT REPORT :- The LSR is our detailed monthly forecast of where the markets are headed, including sentiment indicators, inter market analysis, wave counts and a global perspective . Report now available TO Indiacharts Subscribers.

Long term Perspective and Basis: Updated 03 JAN 2017

Sensex completed a long term 5th wave in 2015. This year we made a lower top and for the last quarter of 2016 have formed an engulfing bear candlestick pattern usually seen at most major tops in the past. The quarterly chart below shows the recent move as an X wave that kissed the blue trendline that was broken last year. The next wave down should test previous lows in the quarters ahead. The Sensex also ended the year with a massive inter market divergence with the Midcap indices that did make a new high for 2016. Such divergences are often a advance warning of a major trend reversal at hand. Many may want to argue that 1994-2001 is wave 2 and not wave 4, however based on my assessment of Economic cycles as discussed in the Economic cycles section of the website this is a better assessment. You will need back data going back to the 1940s to get the full picture on this. The existence of a triangle from 2008-2013 allows us to mark that as wave IV. Till proven otherwise wave V of 5 has ended completing a supercycle degree Bull market that started with the inception of the RBI in 1934.

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