European Meeting Optimism

December, 5, 2011 ( 03:00pm ) :-  All markets including stocks & Commodities are moving towards upward direction on the strong cues comes on the expiring today.
Little bit Volatile comes over the settlement in MCX today. Gold & Silver contracts are expiring today.
Dow Jones Industrial average future up by80 points from the optimism coming from the European Countries.
All European Countries getting financial aid from the side of IMF which is provided through the European Central Bank.
Nifty have strong resistance at 5150 levels  under this level  short term trend still bearish side.
Gold have strong support at Rs 28960 above this trend bullish under this trend down for short term.

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.

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.

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.