Mountain Of Gold Dicovered In Congo!!!

 

Mountain of gold ,90% PURE,discovered in Congo Africa,Villagers having a frenzy

February 27, 2021 by IWB

Correction Ahead

 Correction ahead as :-

1.Too many Initial Public Offerings. This generally indicates Market Top as Money goes into them than the existing stocks.

2.Nifty P/E above 41.Normal is 17!

3.Crude and NG prices high

4.Mumbai Mayor warns of Lock-down due to rise on COVID-19 cases.

14/2/2021

1.Market is in a state of EUPHORIA.Stimuli hopes,accommodative polices by the Central banks may have contributed to the same.Correction due,as Nifty P/E is above 41!

2.Gold and Silver may rise due to stimuli

3.Crude in the $60/bbl range

4.I have interest in the following stocks:-

1.PTC India as the performance is good and due to the Power Sector  reforms

2.PNB Gilts as RBI favours a lower rate.(accommodative Monetary Policy)

3.Clariant Chemicals. Interim Dividend Rs 50/=;EPS Rs 90/= range.CMP Rs 393/=

India's Macros

 1.Forex Reserves  $ 583.95 Billion. External debt $ 554 Billion. Thus India is a "Creditor Nation", now

2.Crude on the higher side near $60/bbl.

7/2/2021

 1.Nifty P/E above 40.Correction possible.

2.US stimulus $ 1.1 Trillion

3.PNB Gilts Rs 4/= , interim dividend per share.

4.$ BDI 1327