00:00The brokerages are very optimistic for the next year.
00:04Excess, SMC, Kotak, they all have given big targets.
00:08Gold is given to 1,75,000 to 2,000,000 targets.
00:13Silver is given to 2,50,000 to 3,80,000 targets.
00:18What does this optimistic optimistic show?
00:22Yes, you have said that most of the brokerage houses,
00:26if you say domestically or internationally,
00:28all the financial institutions are positive on gold and silver.
00:34Because this is a study of this market,
00:37everybody understands that the fundamentals are not so bad,
00:40the prices have come down.
00:42It is all because of one reason,
00:44which is the US-Iran war.
00:45That's why the concerns of inflation are increased,
00:48the prices are increased,
00:49the interest rates are increased.
00:52So, this is a single trigger,
00:54which is why we are seeing a big correction.
00:56So, when it is over,
00:59obviously, the previous fundamentals,
01:01which has been 2-3 years,
01:04which is why the prices have rallied,
01:06those factors would come under play.
01:08Like, the central bank buying, ETF buying.
01:11These are all the factors,
01:12the dollarization,
01:13which will impact the prices again,
01:15and then we will see a good rebound again.
01:17So, I also have the same view,
01:20that now the risk-reward ratio is good,
01:22downside is limited.
01:23So, this is good accumulation.
01:27Auspicious days are here,
01:28where you have to start
01:29with a lump summing,
01:31SIP, whatever ways you want.
01:33You can start investing.
01:34So, if you look a little longer,
01:37then you will get a good return.
01:39Maybe we should not be surprised,
01:42that if the next three years,
01:44gold prices or silver prices,
01:45will double even happen.
01:47So, you should be prepared with that levels,
01:49and a little longer horizon,
01:51you can start investing now.
01:53Okay, so long-term horizon,
01:55if you ask, ma'am,
01:56then what targets are you going to be?
01:58We have seen the targets of the brokerages,
01:59so we have seen the targets of the brokerages,
01:59so we have seen the targets of the brokerages,
02:00and what targets are you going to be given next year?
02:04So, looking at the current macro situation,
02:10the exact targets are a bit difficult,
02:12because there are many things that are changing,
02:15it all depends on what scenarios are being made.
02:18So, you know, bear scenario,
02:19base scenario and bull scenario,
02:21scenario is where it will depend
02:23that U.S.-Iran war is going to be where
02:25to go.
02:26If it is quickly,
02:28it will be a good recovery for the prices,
02:30I am seeing a good recovery for the prices.
02:32My next six months target is
02:35gold from 4,900 to 5,000 dollars,
02:38which is roughly 1,70,000 to 1,75,000
02:42to 1,75,000.
02:43But how soon it will come,
02:45it will all depend on U.S.-Iran war.
02:47If it is next 2-3 months,
02:49we will see the prices in the next two-3 months,
02:52we will see the prices in the next two-3 months.
02:53And if it is a little longer than it,
02:55we will see the prices in the next six months.
02:58Similarly,
02:59I have a target of silver,
03:01that is $70 is the first target,
03:04and then $80,
03:05I think we could touch by next year.
03:10Okay.
03:11Okay, U.S. Fed 28 October
03:13will take a policy once again,
03:16and the expectation is that
03:18there will not be a rate hike in this policy.
03:21There will be a probability here,
03:23but it will keep the commentary on it.
03:25And if there will be a hawkish commentary,
03:28then U.S. Fed,
03:29you will see the price of gold and silver.
03:33Yes, so it is expected that
03:35October will not be a rate hike in October,
03:37but looking at the inflation numbers,
03:42which have come this time,
03:44they are very much elevated,
03:46and inflation is a very hot CPI,
03:47PPI's numbers.
03:49Next month, I feel that the inflation will be hot,
03:52and it will be increased,
03:54because the prices have increased this month.
03:58So, I feel that the next 2-3 months,
04:00the numbers of the inflation numbers
04:01will be a rate hike in December.
04:03That is what the market is expecting,
04:0590% probability.
04:07So, all these things,
04:08which is the negativity,
04:14is already discounted in price.
04:15December is already discounted in price.
04:17So, I think,
04:18there will be a lot of interest in price.
04:20Because the market is discounted in price.
04:24So, we should not be worried about that.
04:27If the blip is short-term sell-off,
04:29then it will be very short-term.
04:32Again, we will see prices rebounding back.
04:35So, more than that,
04:36if the price is more than that,
04:42the price is higher than $4,000,
04:47the price is higher than $4,000.
04:48So, next, we should be prepared for $39,000.
04:51So, in Indian terms,
04:53I would say that if the price is higher than $1,45,000,
04:55then we should be ready with $1,40,000.
05:02So, I think that it will be very ужis.
05:04So, if the price is higher than $4000,
05:06typical down不錯 or !!!
05:07maximum downside price has higher than$6,000
05:16for $1,40,000 to $4000 to $1,40,000,
05:25So upside is limited, upside as I am again and again saying rebound will be a good upside.
05:3310-15% upside I am expecting in next 2-3 months also.
05:37Okay, another big event is in US, 3 November midterm elections in the United States.
05:44Do you see any effect on gold and silver in the whole scenario?
05:49Bearish or bullish?
05:51Is there any reaction from sun and sun?
05:54I think midterm elections are short-lived impact on gold and silver.
06:01There is not a big impact on gold and silver.
06:03If there is a lot of interest in the tariff policy,
06:09the dollar index shows up and down.
06:13I think the dollar index shows up and there is no amount of interest in the market.
06:17But I think there will be a long-term impact.
06:22We have seen that the prices have been gradually.
06:27So these are already discounted on the prices.
06:30The uncertainty will be more than ever.
06:39So it is not negative for the prices this mid-term election in fact which is bullish even
06:49the price.
06:53Okay, international and global factors discussed here.
06:58In India, there are also some factors that control the prices in this time.
07:02In India, it is shown in India.
07:05The biggest trigger is the festival and wedding season.
07:10We have already been in Navratri, Dhanteras and Diwali.
07:15This festival is going to be very important when the demand is very big.
07:20What is the scenario in that situation?
07:22What are the bullion dealers telling you?
07:24What will the festive and wedding demand in prices?
07:29The festive season in Navratri, the demand was good in the last year.
07:37The prices were continuously uptrend.
07:40And in October, in fact, there were a lot of deficits.
07:45The availability was reduced from gold and silver.
07:48The last year, the festive season, there was no availability in the market.
07:52The prices were increased.
07:55The prices were increased.
07:56In India, there is a trend that the prices are increased.
08:00The prices are increased.
08:09The prices are increased.
08:10The price is already uptrend.
08:11The prices were over all-time high.
08:13People have adapted to the prices.
08:17The prices have made of gold, or silver for 1.250.000.
08:21The prices have been accepted.
08:23In fact, the prices are still much higher.
08:31foreign
08:32foreign
08:35Gradually, when we end October and Diwali, we will get to know the actual numbers that are going to be
08:40in the way of YOY numbers.
08:43But now, as it started, I think we have seen a lot of good recovery in buying from investors and
08:50in the market.
08:51Okay, look at the gold-silver ratio, so what should we buy now?
08:56Sona or Chandy? What do consumers buy or who invest in Neveshak?
09:00Yeah, so now the gold-silver ratio is roughly around 72.
09:05And this level of gold-silver, when the prices were all-time high, was around 46.
09:12So from 46 to 72, gradually, these levels are bigger.
09:16And you can see how many ounces of silver are required to buy one ounce of gold.
09:24So gradually, what is bigger is, we see that the silver has more sell-off and the gold has less.
09:31So the average range of gold-silver ratio is 65 to 70.
09:37So we are only in that range, which is 72.
09:41So it is not undervalued or overvalued in comparison to gold.
09:46But yes, I think that if these levels are more than 72 to 80,
09:53then we should see that the silver will get undervalued.
09:59And the silver will get more investment in silver.
10:02But to be fair for investors,
10:31So this is what you should be doing.
10:33So this is what you should be doing.
10:33So this is what you should be doing.
10:35And you have a celery and a Produktional about that gem.
10:36And we'll ask you on the decompression.
10:36You have a look at the blue.
10:36And it is bad for you and your heart but still redesigning.
10:36The selber becomes underwater.
