Friday, June 25, 2010

It's Big Deal For Commodities On Yuan Flexibility

China is One of  the Largest Consumer Of  Various Commodities Like Base metal : Copper, Zinc, Lead, Nickel, Aluminum &  Bullion : Gold & Silver.

A Flexible Yuan Can Help The Chinese Peoples  To Increase Their Standard Of  Living this May Lead To High Demand From Their Own People Of  Daily Necessities. Demand is also 
Totally Demand On The Flexibility  Of Yuan Against Dollar.
 
China is New Big Consumer Market Like India. After The 2008 Recession, This Was Biggest Hit For Chinese Exporters .So, Chinese Central Bank Decided  To Flexible Yuan . It is Expected That Demand For Dollar Related is Also Increase In China .

This Action Was Positive For Base metals & Bullions in Short, Medium & Long Term View . 


http://www.Bullionguru.com

What Next For Silver?

Silver Prices Moves Upside On Major Investment by Fund Manager  in Silver. Silver price Moves Strongly in Upside on the Strong Manufacturing Demand in Euro - Zone & U.S.A.
In U.S.A & Euro - zone Strong Physical Demand Supports Silver Price In Comex & MCX. We Also Saw That Silver Follows The Gold Trend. Gold Continuously Breaking Daily New Highs In Comex & Silver Also Follows Them.
We Fore - See Silver In Comex Upton $ 19.40 - 19.60. If Holds $ 18.80 Then Silver Moves To Downside & Hits $ 18.20 - 17.60.
We Fore - See Silver Price In 30,100 - 30,260 If Silver Holds Rs 29,600 in MCX .   If Holds  Rs 29600 Levels Then We Fore See Silver at Rs 28800 - 27600 in MCX.

http://www.Bullionguru.com

Gold Hits Year Highs !!

Nowadays, Gold Moving Daily on the Basis of Technical. Hedge Funds & Gold Funds Supports the Gold Prices in Lower Levels on Comex. Due to the European Financial Crises, ECB Holds there Interest Rate at Low for a Extended Period & Federal reserve Bank May be Do Same.
Large Demand of ETF'S Shares in U.S / Singapore / Dubai / U.K &  India May Lead to Maintain  the Gold Demand In India  in the Form Of Paper Gold or Gold Shares, We See Good Daily Volumes in Benchmark Gold ETF [ GOLD BEES].
GOLD BEES Trading At Rs 1841 In Indian stock Exchanges, It Is Looking To hit 1880 - 1900 in short Run. If Spot Gold Breaks New Years On Comex.
We Fore-see Gold Price In Comex at $ 1250-1280 Levels. If Gold Trades $ 1242

http://www.Bullionguru.com

What's Next For EURO/USD ?

We Saw Sharp Recovery in EURO/USD From 1.1916 To 1.2150 After ECB Meeting. Before Making this Recovery Euro/Usd hits 1.1876.But the Problem not Ends here Gold Funds Physical Gold Holdings Continuing Rises Days By Day. Investors & Traders Hedged Their Position In Gold Against Euro/Usd for Safeguarding Their Money.  The Latest Support Comes From The ECB President Jean- Claude Trichet, Who Said on Thursday That The Central Bank Would Maintain Its Monetary Policy. That Includes Continuing to Offering 3 Months Emergency Loans to Bank Until September.
We Fore See EURO/USD  If it Maintains Their Support of 1.1980 Then We Expects Again Sharp Recovery From Upton 1.2280-1.2400 In Next Week.

http://www.Bullionguru.com