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.
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Showing posts with label LBMA. Show all posts
Showing posts with label LBMA. Show all posts
Sunday, April 11, 2010
Monday, March 15, 2010
Gold & Silver Prices Falls Due To Technical Selling
Gold Prices Face Technically Selling Pressure Under $ 1140 & $ 1120 in Comex & Rs 17000 in Mcx Due To Hedging Made By The Bullion Importers & Jewellers Due To Lower Consumer Demand From Year -to - Year.
According to Recent Datas "Physical delivery of gold in settlement of contracts, a key indicator of genuine hedging, rose to 2.7 tonnes in February, compared with 0.348 tonnes a year ago, data from the MCX, India's largest commodity exchange for bullion, showed".
But Gold Holds Their Support Level At $ 1097 to $ 1102. Trend Looking Still Support For Gold for Upside But Pressurize Due To Selling by Hedgers . Gold Prices Unable To Sustain Above $ 1140 Levels Or Above Rs 17000 in Mcx.
If Gold Breaks Their Support Of $ 1097 then We For See Gold Prices Up to $ 1080 - 1064 - 1042 & For Silver If It Breaks $ 16.96 then We For See Prices $16.60 - 16.30 - 15.90 in short term & Unless Over All Trends still Supportive & Bullish.
But In India, Indian Meteorological Department Expects a Better Rainfall In This Monsoon. If Monsoon Gives Better & Good Rainfall Then they also gives Support For Gold & Silver Prices For Upside Trend.http://www.bullionguru.com/goldsilvertrends.html
According to Recent Datas "Physical delivery of gold in settlement of contracts, a key indicator of genuine hedging, rose to 2.7 tonnes in February, compared with 0.348 tonnes a year ago, data from the MCX, India's largest commodity exchange for bullion, showed".
But Gold Holds Their Support Level At $ 1097 to $ 1102. Trend Looking Still Support For Gold for Upside But Pressurize Due To Selling by Hedgers . Gold Prices Unable To Sustain Above $ 1140 Levels Or Above Rs 17000 in Mcx.
If Gold Breaks Their Support Of $ 1097 then We For See Gold Prices Up to $ 1080 - 1064 - 1042 & For Silver If It Breaks $ 16.96 then We For See Prices $16.60 - 16.30 - 15.90 in short term & Unless Over All Trends still Supportive & Bullish.
But In India, Indian Meteorological Department Expects a Better Rainfall In This Monsoon. If Monsoon Gives Better & Good Rainfall Then they also gives Support For Gold & Silver Prices For Upside Trend.http://www.bullionguru.com/goldsilvertrends.html
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