December, 9, 2011
(01:30pm) :- Gold & Silver are faced to be highest selling pressure
by the investors and by the daily traders after the release of
initial claim data.
Initial claims
are least at 3,81,000 as comparing from the last 9 month data's.
Gold & Silver
trend totally negative side because Gold breaks their important
support at $ 1728 which is also broke yesterday.
Under $ 1728 Gold
trend totally down for Short term.
Silver have
support at $ 32, which is already broke yesterday & also strong
resistance at $ 32.60.
On Wednesday we
saw that Big investors sold around 3500 Kg approx Gold & bought
30,000 Kg 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.
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.
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.
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
Gold Fells Due To Technical Selling On Upper Levels in Comex, But Prices in MCX Still Above Rs 18000 mark.
But Prices Of Mcx Silver In Continuously Fells As Like The Comex Silver From Rs 30120 to Rs 28440. Silver Funds are /still Buying Silver Due to Economic Debt Crisis Rises In Whole Europe.
But Gold Settlement Period Near At 5 June. due To Higher Prices In Mcx or Comex. Small are not much Interested in Buying Physical Gold In India.
If Gold Breaks $ 1160 mark Then We For See Gold Prices at $ 1144 - 1120 In Comex & Rs 17700 - 17440 In MCX
If Silver Breaks $ 17.60 mark Then We For See Gold Prices at $ 17 - 16.40 In Comex & Rs 27500 - 26800 In MCX