Is it good time to invest in #Gold? Historically Gold has given superior returns during economic crisis, and now global markets are heading towards recession due to Coronavirus impact, will the Gold outperform all other asset classes? squareoff.in/single-post/Is…
When global markets were tanking in 2008, Gold started its steady upward journey. #GoldBees moved from 10 to 30 in next 5 years, 200% increase in less than 5 years time. And from 2014 to 2019, Gold was trading in narrow range, by Jan 2020 it moved out of that range.
When the economic outlook was weak during the 2008 period, Nifty continued to slide down and ended up with -52% that year. But Gold gained +24% by 2008, in next 5 years gained +200% where Nifty took more than 5 years to regain back its 2008 year high.
Similarly now, in 2020 Nifty dropped around -30% so far and Gold appreciated +18.4% so far. Due to Corona virus impact global economy is in worst situation now than compared to 2008 financial crisis .If the current trend continues, then we can expect a huge bull run in Gold.
During 1970's President Nixon announced that the convertibility of the dollar into gold or other reserve assets, ordering the gold window to be closed such that foreign governments could no longer exchange their dollars for gold, closed the gold window.
The price of gold has increased more than 2100% during the 1970's. From a price of $35.65 in 1971, gold has risen to $800 by 1980. As you can see in below chart clearly, whenever Stock market gets into bear phase, Gold gets into bull phase.
Gold price almost doubled in dollar terms when it broke all time high in 2008, currently it is trading at $1779 and all time high is $1912, many analysts strongly believe that all time high is soon to be broken, when that happens, we could witness a huge up move in Gold price.
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More than 30 million users actively use @tradingview but very few people have Pine script coding knowledge due to which many users just stick to basic Trading view charting functionality, let me explain how can you write your own Pinescript code using @ChatGPTapp free version🧵
I wanted to study the spike patterns in BankNifty on expiry days, within 5 minutes if market moves greater than 100 points I wanted to track those days and see what happens after such spike, does market makes follow through move or it reverses after spikes?
Go to ChatGPT and enter the below Prompt Create a Pinescript that can track every candle and see if market has moved up more than 100 points or moved down more than 100 points in just one candle and plot bigger text S above that candle.
I just came back from a 10 days solo trip to Bali,I always wondered whats the fun when you travel solo, I was so wrong. Met different people across the world, spent time at mesmerising places, its a different vibe. Trading & Traveling is a deadly combo. Here's how I managed it🧵
Flight - There is only one direct flight from Delhi to Bali operated by Vistra which costs around 35k. Most flights are connecting via KL or Singapore, Use Skyscanner to find cheapest deals. Extra 20kg baggage cost additional 10k. Default is only 7kg.
My biggest blunder was to carry heavy luggage as its for ten days, I realised the laundry cost is very less in Bali. Around Rs.400 for 5kg, so travel light, this can save you additional 10k in ticket cost and makes it easier when you roam around islands in Ferry.
Ever wondered where the big institutional investors are putting their money? Is there any way to track which stock has highest holdings of FII (Foreign Institutional Investors) and DII (Domestic Institutional Investors)? Using this free screener its easier to track. Here's how🧵
Go to and click on Screens and Click on Create New Screen. Large-cap companies have a market cap of Rs 20,000 crore or above. Mid-cap companies is between Rs 5,000 crore and less than Rs 20,000 crore, small-cap companies have a market cap of < Rs 5,000 cr buff.ly/3TkZeji
So let's find out which stocks under each of these segments has highest FII, DII holdings. This query retrieves list of small cap stocks with market cap <5000 cr and DII share holding > 50%, once you run the query it gives you the list of eligible stocks.
Is your Kids spending so much of time on iPad/Phones/TVs? No matter how hard you try, still is he/she spending more hours on it? Me and my friends also face the same problem. Here's what I did that really helped a lot in changing my kids behaviour. 🧵
It all starts at an early age, in order to make them eat you start giving them a phone, playing some random YouTube videos. It gets the kids attention. Then as he grows, in order to keep them busy, so that they dont disturb us, we give the phones. This habit sticks to them.
You cant simply grab the phone from your kid, when you continue to chat with your friends on whatapp group. The only way to stop your kid from using the device is, first you need to reduce your screen time. Remember kids are watching and copying everything you do.
Even though Chatgpt has gained enough traction most of them are using it as a replacement to Google search. But with Chatgpt4, data analysis & backtest have become much easier.
Here's the step by step process.
Sign up with by default you get access to ChatGPT 3.5 only. With this version, you can upload any files to perform any data analysis. It's more of a plain chatbot with AI. chat.openai.com
The real beast is inside Chatgpt4, to get access to it, you need to upgrade to plus with $20 per month as charges.
People who have gone through hardship during their early age, who really struggled hard financially when they were kid, once they become successful, most of them do this mistake when they become a parent. Things which you were not able to buy when you were a kid,
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you start spending so much money for the things your kid wanted. You don’t want your kids to get disappointed, so you tend to buy them those costly toys or whatever they ask for you tend to buy them. It makes you feel more happier seeing your kid happy
as he got what he wanted but for the same thing you struggled during your childhood. But when we do this, our kids never learn one of the very importance lesson in life. Managing Money. They assume they could afford anything easily in life. They will hardly see any real struggle