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- Gold is under owned... massively!
Gold is under owned... massively!
Is GOLD just a hype?
24 October 2024 · Thursday
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Good evening, WeekendInvestor
Today’s Daily Byte
The market continues to reel under bear pressure. We are certainly undergoing a correction, and every day there is hope that the markets will end this short move. But the markets are not relenting as yet.
There is additional news flow from FMCG stocks in the last couple of days. Nestle's chairman came out and said that they are facing pressure even from the urban side of the market. The middle class is shrinking. Suddenly, there is concern about autos; two-wheeler concerns were raised a couple of days back, and now FMCG is also affected.
We will discuss this entire consumption story that was building on has suddenly been dented, and that is not good for the market going forward.
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Gold is under owned… massively!
Gold prices have been steadily rising, catching the attention of many. But the big question is: Are investors really paying attention and allocating a significant portion of their portfolios to gold? Or is it just a case of hype, where people are noticing the rising prices but not taking any substantial action?
A recent study offers some interesting insights into how much gold is actually being held by investors and advisors.. . . . .
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Recently, the stock of Sri Adhikari Brothers has caught everyone’s attention. Since April 2024, its stock price has skyrocketed from Rs40 to Rs900, with no signs of slowing down. Day after day, the stock hits the upper circuit without any pause.
This sudden rise has sparked curiosity among many investors, leading to the question: “How can we identify the next stock like this?”
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