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.
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.
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.
http://www.Bullionguru.com
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
Fed Raises Discount Rate By 0.75 % On 18 Feb Signaling end Of New Stimulus Measures, this Action Show A Smooth Recovery In Economy From Recession, By Which Industrial Demand Is Going To Peak In Next few Years.
Copper Witnessed A Fresh Positions build Up In Long side In all Global exchanges. Copper Demand Is On Rising Month By Month. Many Developed & Developing countries Begins To Increase Their Exports & Imports , Demand In Mining sector Is On Peak In India. Continuous Rising Growth Seen At This sector. Auto Industry Showed Biggest Recovery Since Recession. Demand Of Copper Made Products Rising 7 - 10 % Till 2012.
From Last Many Stimulus Packages Helps Copper Price To Recover From Rs 138 To Rs 340 In MCX. But LME Inventories Is On Near 5 Year Highs. Copper Funds Increasing Their Holdings On Increasing Demand Out Look & Also Increasing Their Price Outlook.
Copper Looking To hit $ 4.20 - 6.00 lb till 2012 - 2013.
In MCX Our Copper Price Target Of Rs 380 - 400 - 440 In 2010. I Expects It Will Trades In Range Of Rs 250 - 440 In 2010.
