Yep, DGP Gold is hovering under $38 today, a steep stock-price plunge of almost 6% since yesterday. For the past 5 days or so, it hovered at all time highs of over $40.
Five days ago, at final count, India had bagged an all-time high number of gold medals at the CWG 2010 in Delhi – 38 – to be precise! Congratulations to all Indian athletes who brought India’s total tally to 101, including the bronze and silver medals as well. Well done, guys and gals!
Is everybody in India celebrating this success in every gully and nukkad across the nation, I wonder? Are kids enthused to taking up sports more seriously, now that national pride has been restored somewhat, after the CWG success, both, as host and as participant, I wonder.
Netas are now back to squabbling, sorting out allegations of ‘corruption‘ during the ramp up of the Commonwealth Games 2010… will there be a true resolution on this front? Will the monies be returned (if they were wrongfully taken in the first place) to the national coffers, I wonder.
In the meanwhile, heavyweight China rattled stock markets worldwide by it’s surprise move of an interest rate hike, the first in three years! In the US, DJI, NASDAQ, NYSE, S&P… you name it… are all down… hold your breath, holy-moly… that’s almost 2-3%! Here’s more from Andrew Batson!
38 Gold sounds good on the sports track… but if you have investments in Gold on the stock track… keep a close watch, so you’re not caught unawares! Talking of stocks, sports, and celebrations here’s something to smile about… the Scots will roll up their sleeves, put their Scotch aside, and gear up for the next Commonwealth Games in 2014. The Queen’s baton was officially passed on to the bagpipers…