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

Gold & Silver Prices Surges Upton Year High

Large Surge In Gold & Silver Prices This Week, Bullion : Gold & Silver  Breaks Their Resistance Level Like Gold Breaks $ 1144 & Silver Breaks Their Resistance Level Of $ 18.12.

Before The Interest Meet Result Of Bank Of England & European Central Bank , Various Gold Funds Mangers Interested  In Buying gold For Safe Heaven Until The Greece Matter Not Over.

Greece Needs Around  20 - 25 Billion Euro To Cover Their Financial Deficit & Greece Also Took Many Steps To Cover Or Decreasing their Financial Deficit By Imposing More taxes.

On The Latest Issues Like Greece Bail Out, US-Russia Partnership On Decreasing their Nuclear Weapon & both Countries Warned Iran To Stop their Nuclear Program  Are Giving More Interest In Gold & Silver As Investment.

If Gold Able To Trade Above $ 1162 , Then We Look Prices to hit $ 1176 - 1190 Till All Tension Over & If Silver Able to trade Above $ 18.12 In Comex Then We For See Silver Prices at $ 18.60 - 18.84.

Unless Prices Moves In A Range Of $ 1120 - 1160 For Gold & for Silver it Moves In Range Of  $ 17.40 - 18.12.
www.Bullionguru.com

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,