Commodity Trend For Next week

December, 9, 2011 (01:30pm) :-  After the very much volatile week for the commodities we fore see good market strategy for next week which is starting from 12th December to 17th December.
For this week, we see large movement in bullion, Base metals & Energy.
Crude oil have strong resistance at  Rs. 5260 levels & support at Rs. 5080 levels.
Natural Gas totally bearish under Rs.184.
Gold totally bullish above Rs. 29350.
Silver totally bullish above Rs. 56600 levels.
Copper totally bullish above Rs. 400 levels in MCX.
Nickel totally bullish above Rs. 928 levels in MCX.

Bullion Recovered In Late Market

December, 7, 2011 ( 01:50 pm) :-  Bullion are sparked at the late or and session of MCX & Comex.
USA investors are not worried about the coming events because European leaders signals that IMF providing help for European countries who are facing financial crisis.
Crude oil momentum also range bound whole day, a rising tension on the Iran exports resistance will trigger oil prices will at new high.
Silver have strong resistance at $ 33.20 above this level it's trend bullish under this its trend totally down.
Gold have strong resistance at $ 1742 above this trend totally bullish side & unless its in down trend.

China Manufacturing Data Contracted

December, 1, 2011 (03:00pm) :-  China's manufacturing data's are slides to 49 below 50, a signal of contraction by which whole Chinese economy affected.
Due to the European crisis, the global demand is weak which Chinese affected the most because china is the only market which manufactures the product an unbelievable cost.
Global demand still weak this may be continues by next 2 - 3 months.
Base metal prices are higher composed to 2010 levels, the profit levels also drooped by 5% to the manufactures.
Base metals trends looking down in December.
Cooper may be range Rs 370 - Rs 440
Zinc mzy be range Rs 97 - Rs 113.
Nickel may be range Rs 870 - Rs 960.
Lead may be range Rs 98 - Rs 112.

China Manufacturing Data Contracted

December, 1, 2011 (03:00pm) :-  China's manufacturing data's are slides to 49 below 50, a signal of contraction by which whole Chinese economy affected.
Due to the European crisis, the global demand is weak which Chinese affected the most because china is the only market which manufactures the product an unbelievable cost.
Global demand still weak this may be continues by next 2 - 3 months.
Base metal prices are higher composed to 2010 levels, the profit levels also drooped by 5% to the manufactures.
Base metals trends looking down in December.
Cooper may be range Rs 370 - Rs 440
Zinc mzy be range Rs 97 - Rs 113.
Nickel may be range Rs 870 - Rs 960.
Lead may be range Rs 98 - Rs 112.

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.

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.

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

Bullion Vaults Out Of Space

September, 21, 2011 ( 01:30pm) :-  Huge demand of Gold after the successful really from 2001 to 2011. this decade Gold & Silver provides huge profitable dally.
Due to the European crisis not looking to end for next 1 - 3 year. European investors invested the money in Gold & silver by which storage place is more required.
 Money banks starting expensing on of their values & also planning to set up new unit of vault which is help the investors to more metals with out risk.
Every vault is Manufactured with metric tonne steel gates for the storage & safety purposes.

Jobless Claims Roses In USA

September, 16, 2011 ( 11 : 00am ) :-  After the Obama better policies after job creation environment, some financial & banking companies still cutting cost by dismiss the employer who are not generated in comes for their work done. 

After this application of un employment benefits roses by 11,000 thousand, last week it stands at 417 k.

Gold & Silver more down due to the technical break down. If Gold close below $ 1800, then more down confirmed Silver also looking technical down if closes below $ 40 Levels.

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 . 


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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

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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.

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Gold & Silver Sinks Due To Technical Selling

 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
                              

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 $ 750 To $ 1150 , the Total Cost Of  Wire Suppliers Increases That's Why , Many Of the suppliers Used Copper Bonding To Decrease their Total Cost. There was Recent rise In Copper Wire Shipments From Various wire Suppliers to the Semiconductor Industry Will Reach Approximately 5.8% of Total Shipments (in meters), up from just 1.6% of the Shipments Reported in 2007.  

 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,

Technical Analysis On Gold For FEB

Gold charts Showing Weakness Under $ 1100, Its Hovering Around $ 1090 From Last 15 Days. But Now Gold charts Showing Weakness Under $ 1090. This type Volatility Continues Till 5  Feb Settlement. Various Fund Manager Also Waiting The Obama Policy On Banking . According CFTC Data , Many Commercials & Non - Commercial Traders Cover Their Long Positions In Comex.

The New Word " Gold Bubble " comes Into Focus In World Markets.

Gold Trend For Feb Depend On Levels, If Gold Not Able To Cross Under $ 1104 Then Trend Bearish  My Target $ 1082 - 1076 - 1062 - 1044 - 1032.
Above $ 1104 Levels Gold Trend Very strong My Target $ 1117 - 1138 - 1156. Gold Funds Managers Or Etf's Head Are Analyzing The Economic Situation but All Economic Factors Are In Favor For Booming Economy.

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