Correction In Bullion

November, 30, 2011 ( 04 :30pm ) :- Gold looking down due to the settlement period on 4 Dec 2011 % major is the demand looking very low.
Indian wedding season going to be end at 10 December 2011 till 12 January 2011. The demand of jewelers to be declaimed little bit demand owners from USA & Europe on the Christmas season.
Silver also looking down due to the unexpected GDP decreases from their high's. Industrial & manufacturing still showing  reassign marks.
Imports also going down from BRIC countries.
We are looking more down side in Bullion.

Technical Coverage On Gold & Silver

November, 29, 2011 ( 03:30pm ) :-  Gold looking week due to the settlement provide in MCX.
Today, Gold trading near their 100 day moving average of Rs 28,600 still above Rs 28,600 gold trend supportive for upside.
Silver was also trend looking weak due to the settlement period in MCX. Silver looking down under RS 56,500 for a target Rs 54,600 - 53,200 in next few days.
Today Gold & Silver technical charts showing weakness by which we are expecting Gold may be drops to Rs 28,500 - 28,340.
USA consumer confidence data's are releasing today & strong expectation of huge recovery in data's which are directly pressurize Silver & Gold in the downside levels.
So, Let's see the data tonight.

Strong Recovery In Indian Markets

November 28, 2011 ( 02:00pm) :-  Today, Nifty & Sensex open 1% up in morning session due to the latest new updates come from European next meeting for providing the financial aid to the Italy & other nations.
Silver & Gold also opens higher on the optimum created on whole Europe on Sunday rumors of financial aid provided by IMF to the Italy.
Big  Investors still buying the Gold from the spot market for a safe heaven of their Investment.
Stock markets also corrected 10% from past 1 month due to the investors still getting down grading reports from Moody's for Japan & other European countries.
Over all Gold & Silver is totally technically bullish Rs 28,200 in Gold & Rs 55,400 In Silver.

Nickel Inventory Levels Increases

November, 25, 2011 (01:40pm) :-  After 17 November, we inventory level of Nickel continue on rise due to lack of demand & the Chinese slow down due to the high inflection rate.
Surge in the inventory level providing downside slope in the technical charts in nickel.
Inventory levels recovered from the low of 83,320 tone to 86,286 tone in hand on market exchange.
MCX Nickel monthly future settlement next week. The prices of Nickel looking Continuously week or may be range of 870 - 940.
New demand occurs after the Christmas.
We expects that Nickel prices could be in of Rs 800 - Rs 1040 levels hill Feb. 2012 expiry.

Investors Lost Faith In Silver

November, 24, 2011 (03:00pm) :-  Due to the Christmas season a head many investors selling their paper units holding Silver due to the widening Finance crisis in Europe, Asia & USA.
Manufacturing & Industrial demand keep weak due to the lower demand & high inflation rate unable the consumer to buy more goods & services in their Accounts.
On November 23rd 2011,  Unexpected data of industrial orders from the Euro - Zone also disappointed the investors.
Big investors & funds manager diverting their money from stock & Silver to Gold.
Gold still a safe heaven for big & potential investors.

Investors Lost Faith In Silver

November, 24, 2011 (03:00pm) :-  Due to the Christmas season a head many investors selling their paper units holding Silver due to the widening Finance crisis in Europe, Asia & USA.
Manufacturing & Industrial demand keep weak due to the lower demand & high inflation rate unable the consumer to buy more goods & services in their Accounts.
On November 23rd 2011,  Unexpected data of industrial orders from the Euro - Zone also disappointed the investors.
Big investors & funds manager diverting their money from stock & Silver to Gold.
Gold still a safe heaven for big & potential investors.

More Correction In Bullion

November, 23, 2011 (03:00pm) :- Gold & Silver prices in electronic platform moving so much, volatility again increases but in technical charts, Gold & Silver prices may be more corrected till next 2 days.
If Gold breaks $ 1690 today, then Gold Short term target $ 1672 - 1654.
If Silver breaks % 32 & then $ 31.50 then Silver trend totally bearish side.
In MCX Silver have strong support at Rs 54,800 above this level its trend bullish & under totally bearish.
But oversell trend for short term is bullish, Buy on dips recommended for Gold & Silver.

USA GDP Data Outlook

Very Important data release tonight USA Gross Domestic Product looking stands at 2.50% as a expectation. Data is looking totally positive side for bullions.
Silver have strong selling pressure from last few days due to the continuously correction in the global demand out look.
Stock market correction was also pressure the Silver in MCX & Comex.
Big investors sold around 1,00,000 Kg approx. Silver as a profit booking & hold his cash as a safe side.
We also seen at all base metals breaks our resistance level hold continuous rally in MCX due to the dollar upside momentum.
Over all market is very good for trading due to the higher volality in the settlement periods next week.

Gold prices drags again

Gold prices in Comex & Forex platform again drags due to the heavy selling in stocks & commodity markets by the traders and investors.
Investors who heavenly invested in gold little bit cautious again after the fell below $ 1700 . But dollar trading high everywhere against every currency pair.
Russia also buying gold . Russian Central bank bought 18.5 tonne gold in october.

Gold Looking Bullish For Short term

November, 21, 2011 (02:00pm) :-  Bullion looking bullish due to the heavy bets on the buy side.

Big investors is not able to seek long term solution of financial crisis from USA & European.
Initial claims last week dates provides some support to the economy but the European crisis not looking to end near term.
Gold have important support at Rs 27,960 above trend totally bullish for target Rs 29,000 - 29,400 for short term view.

Initial Claims drags bullion prices

Unexpected  Initial claims data drags the gold silver prices. Intraday traders sold gold & silver in electronic trading by which silver droped 5% down.
But other Global investors bought 12,000 kg approx gold from the spot markets, by which bullion takes supports from dips.
Gold looking totally bullish for targets Rs 29000 in short term view with strong support at Rs 27960 levels

Safe Heaven Investment Increase

November, 17, 2011 (02:30pm) :- Due to the growing European crisis investors seeking the safe heaven again.
Protesters rallies in USA also effecting the confidence instrument that's why huge money transferred from stocks to Gold From last 20 - 40 days.
Investors bought 10,000 kg approx, Gold yesterday for a safe heaven investment.
Gold have b more power to go upside up to $ 2000.
Gold have strong support at 28,760 level above this Gold trend totally bullish for target Rs 29000 - 29400.
If breaks Rs 28,780, then trend totally down Rs 28,560, 24380

Range bound movement in Silver

Silver prices are totally range bound in MCX & Comex from last few days.
Range movement in Silver due to the uncertainty of European crisis. Investors are conferred & out of markets are due to the no solution in Europe markets.
Silver moving around in downside $ 33.80 - 33.60 in Upside $ 34.80 - 35.
Initial jobless claims & consumer prices index in USA are not showing satisfactory recovery by which investors are avoid to take large positions in Silver.
If Silver breaks $ 35 then looking for the target of $ 36 - $ 37 unless in downside Silver looking to hit $ 32.60 - 31.80

Investors more bullish on Gold

November, 11, 2011 ( 03:00pm) :- Safe heaven investors bullish on Gold due to the crisis in whole European.
Another thing is that European crisis not looking to end in shortly because two Prime minister from Italy &b Greece already lost their majority.
Investors & funds managers keep buying Gold & Silver due to the safe heaven investment.
Gold trend totally above Rs 28,560 for short term view.
Silver trend also bullish above Rs 55,560 for short term trend totally bullish above this level.

Inventory & Prices of Nickel drops

November 15, 2011 ( 04:00 pm) :-  Nickel LME Inventory ware house. level continuously drops from Nov 10 to Nov 11 nickel LME Inventory stood at 130000 tone in 2010 & in 2011 it down continuously to 85000 tone.
The huge demand occurs in the Japan some desecration. Japan Government passed recovery package for covering losses from the March 11 tsunami.
But the prices & the Inventory continuously falls due to the slow down in the China.
China's imports drooped it directly affected the base - metals.
USA also going to be celebrating  recession week from 15 December 2011.
European crisis is the major feather of the Nickel prices , which continuously falls from Rs 1200 to Rs 900 in MCX.
Nickel have support at Rs 840 levels above this short term trend totally bullish under then totally down.