Gold mining stock which is currently trading at nine year’s low, is expected to give considerable returns to long term investors for about two years, starting from July next year. The current buying in gold will hopefully compensate the losses the investors made in gold and silver in 2015, says, Mr Rajeev Prakash Agarwal, eminent financial astrologer and CEO (http://www.astrodunia.com & www,rajeevprakash.com) in his Annual Letter for the financial and stock market set to be released by the first week of January next year (2016).
Giving a brief insight about his forecast for the financial market and investors for the financial year 2016-17, Mr Agarwal who is associated with the stock market since 2005, says that the first quarter of 2016 shall remain positive and volatile with S&P500 in all likelihood would cross the level of 2135.
However, he has predicted sharp correction between April-May 2016 with S&P500 declining to the level of 1700-1800. According to him, from May onward next year, the Market will once again bounce back, thereby creating a strong buying opportunities for the investors. The positive trend in Market will continue for the next two years from May 2016 and by 2017, the S&P500 may touch the level of 2500.
Mr Agarwal whose predictions about crisis in Indian equity market in January 2008 had hogged newspapers’ limelight, sees revival in gold prices next year which can shoot up to 1200 in the first quarter of 2016, He has a advice for the long term investors to wait for July 2016 to make buying position in gold for a period of two years. Mr Rajeev Prakash Agarwal’s in his fourth edition of Annual Letter 2016 — an ebook has provided ample strategies for traders and investors dealing in equities, precious metals, energy products, agro-products, currencies and bonds.
Shashi Prakash Agarwal, Tech Head of AstroDunia announced that his company by middle of January next year will introduce an app for investors to facilitate live trading signals.