Effect of Gold Prices on Shares of Gold Loan Companies

Shares of gold loan companies such as Manappuram Finance and Muthoot Finance plunged more than 40 per cent since February 2013, tracking weak gold prices.

 

In recent times Gold prices had its biggest drop since 1983 and these companies stocks were trading at the 52 weeks low. The prices of Manappuram Finance Limited touched 52 weeks low on 17^th April 23, 2013 @ Rs.14.95

 

VantageTrade Algorithms sensed a change in trend on Manappuram Finance Limited and has issued a down trend call in January 2013 @ Rs.44.45 and since then the stock price started plunging. Most of our users’ who have followed our trend recommendations has saved themselves from losing their fortune in the recent down fall of markets.

 

Manappuram Finance Limited stock price came down by 65% after the down trend call issued by VantageTrade on Compass which could have eaten fortunes of many investors.

 

The same way, in early February 2013 a down trend call was issue on Muthoot Finance and that stock price has also come down by more than 40% after the call.

This is a best example for the users’ to know the importance of the exit calls on stocks to save them from falling into losses.

On VantageTrade, we just not give you Entry or Up trend calls on stocks but also we provide you with exit calls at the peaks to make maximum profits and stop you from falling into losses.

We have attached the screenshots of our calls for your reference: