Gold Prices Face Technically Selling Pressure Under $ 1140 & $ 1120 in Comex & Rs 17000 in Mcx Due To Hedging Made By The Bullion Importers & Jewellers Due To Lower Consumer Demand From Year -to - Year.
According to Recent Datas "Physical delivery of gold in settlement of contracts, a key indicator of genuine hedging, rose to 2.7 tonnes in February, compared with 0.348 tonnes a year ago, data from the MCX, India's largest commodity exchange for bullion, showed".
But Gold Holds Their Support Level At $ 1097 to $ 1102. Trend Looking Still Support For Gold for Upside But Pressurize Due To Selling by Hedgers . Gold Prices Unable To Sustain Above $ 1140 Levels Or Above Rs 17000 in Mcx.
If Gold Breaks Their Support Of $ 1097 then We For See Gold Prices Up to $ 1080 - 1064 - 1042 & For Silver If It Breaks $ 16.96 then We For See Prices $16.60 - 16.30 - 15.90 in short term & Unless Over All Trends still Supportive & Bullish.
But In India, Indian Meteorological Department Expects a Better Rainfall In This Monsoon. If Monsoon Gives Better & Good Rainfall Then they also gives Support For Gold & Silver Prices For Upside Trend.http://www.bullionguru.com/goldsilvertrends.html
Monday, March 15, 2010
Sunday, March 7, 2010
Gold Bonding Wire Versus Copper Bonding
Semiconductor Industry Consumes Around 137 Tonne Gold In a Year in Gold Bonding For Semiconductor Packaging.
Due to Recent Rise In Prices Of Gold From
Many Wire Suppliers Also Agreed That Copper Wire Bonding is Lack Reliable From Gold Bonding For Semiconductors.
Copper Wire Bonding also Creating A Little Threat To Gold Industry.
BULLIONGURU.COM,
BUY LANCO INDUSTRIES TGT RS 96
Lanco Industries Posted very Strong Quarterly Results. Lanco Industries Showing Support Zone 57 - 62 Zone . Anyone Can Buy This Stock In this Support Zone & Lanco Industries Business Prosperous Quarter by Quarter . Our Target For Lanco Industries Rs 80 - 90 - 96 ( 4 March 2010 )
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