GOLDBEES trade ideas
Goldbees stock strategiesNSE:GOLDBEES
The Goldbees company is a gold exchange traded product that also is an invested ETF.
In the 1990s, the price for 1 kg gold was equivalent to a maruti 800 and over the years the same amount equals to the cost of a high end BMW car.
Gold is the same, but the value increases.
Similarly, if bought now as goldbees specifically is in a dip but gold is a lifetime investment so it will be a safe investment that reaps benefits over time.
Goldbees is owned by Nippon that is doing well in the market so the subsidiary wont face deep debts.
As 2020 was a downside for gold across the globe, it is still a worthwhile investment. As prices go down seize the opportunity.
Prem's prediction (GOLDBEES)As market is in side trend price will be fluctuate between 3227 and 3498.
Gold clear breakoutGold is trading above its multi year high and considering other global factor looks safe bet to equity for next 1-2 years
POTENTIAL BREAKOUT GOLDBEESStocks nearing 200 day high by 5% & showing consolidation for the past 30 days with volume above 50 day average
