Gold Silver Reports ~ Gold ETFs in India surged in January lending shimmer to mutual fund AUMS which were hit by equiyt retreats, as per CRISIL report.
ETF / Mutual Fund
ETF / Mutual Fund
Gold Trend Change After a $15 Trillion Selloff
Gold Silver Reports ~ The $15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety.
ETF/No Load Fund Tracker
Gold Silver Reports ~ You could call it a Black Friday as Wall Street was saturated in red and bleeding profusely with the S&P 500 dropping to its lowest since October and temporarily piercing that low but closing above it. If that level gets taken out, much lower prices are in the cards with some technicians seeing the next support level at about 1,750. For the first two trading weeks of the year, the S&P 500 has now surrendered almost 8%.
Domestic Equity Mutual Funds/ETFs
Gold Silver Reports ~ Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) has recently crawled above its long term trend line (red) and finally generated a new “Buy” signal effective 11/3/15. The market subsequently dropped, and we exited again on 11/13/15. As of today, the TTI remains below its trend line by -3.01%, which means we are in cash on the sidelines.
First Trust SSI Strategic Convertible Securities ETF (FCVT)
Gold Silver Reports ~ While the debate among market participants rages about the frequency of rate increases in 2016, investors worried about capital protection may consider an industry first fixedincome product product since not all bonds would get hammered with the gradual normalization of interest rates.
Rupee Bonds Cheaper Than Loans
Gold Silver Reports >>> Rupee bond issuance will probably rise to a record this year as notes offer companies savings of as much as 1 percentage point over loans.
Offerings will range between 4 trillion rupees ($60 billion) and 4.5 trillion rupees in 2016, according to nine of 20 bankers surveyed by Bloomberg. Six respondents predicted even higher sales and five forecast lower. ONGC Mangalore Petrochemicals Ltd., a project by India’s biggest energy explorer, is planning a debut sale, while mortgage lender Housing Development Finance Corp. is looking to raise at least 5 billion rupees.
ETFs/Mutual Funds On The Cutline
Gold Silver Reports – Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned.
The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 56 (last week 55) are hovering in bullish territory.
ETF/No Load Fund Tracker Newsletter
Gold Silver Reports – Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) has recently crawled above its long term trend line (red) and finally generated a new “Buy” signal effective 11/3/15. The market subsequently dropped, and we exited again on 11/13/15. As of today, the TTI remains below its trend line by -0.70%, which means we are in cash on the sidelines.
The link below shows the top 100 domestic funds (out of 674) and the sorting order is by M-Index ranking. Prices in all linked tables are updated through 12/31/2015, unless otherwise noted. Price data not yet available at publication is indicated with 00.00% or -100.00%. Please note that distributions are not included in the current momentum numbers.
ETFs in Gold Monetisation Scheme
Gold Silver Reports – The gold exchange traded funds can now invest in India’s Gold Monetisation Scheme(GMS). The Securities and Exchange Board of India (SEBI) has issued a circular giving approval for this.