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
Monday, March 15, 2010
Sunday, March 7, 2010
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
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,
BUY LANCO INDUSTRIES TGT RS 96
Lanco Industries Posted very Strong Quarterly Results. Lanco Industries Showing Support Zone 57 - 62 Zone . Anyone Can Buy This Stock In this Support Zone & Lanco Industries Business Prosperous Quarter by Quarter . Our Target For Lanco Industries Rs 80 - 90 - 96 ( 4 March 2010 )
Saturday, February 20, 2010
COPPER GAINING DEMAND CONFIDENCE
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.
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.
Saturday, January 30, 2010
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.
Bullionguru.com( India No.1 Web for free Bullion, Stocks , Crude , Nifty & Currencies Trends)
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.
Bullionguru.com( India No.1 Web for free Bullion, Stocks , Crude , Nifty & Currencies Trends)
Friday, January 15, 2010
Predictions For 2010 By Bullionguru
Gold : Gold Prices Looking Positive In First Two Quarter Of 2010 Because Interest Rates Remains Low Till First Half Of Year 2010.Second Half Of 2010 Must Very Volatile We For See Strong Recovery In Dollar Index In 2010, Gold Could Make New High OF $ 1350 Oz in 2010 , If It Breaks $ 1240 oz in 2010 Or If It Breaks $ 960 Level Then Gold Trend Shifted To Down side For A Target Of $ 850 - 820. Unless It Is In Range Of $ 820 - $ 1250 Oz.
Silver : Silver Prices Looking Positive In First Two Quarter Of 2010 Same As Gold. Silver Looking To Hit $ 20 - 21.30 - 22 in Upside Or If Silver Breaks $ 16.60 Then It Could Hits $ 14.80 - 12.60.
Copper : Copper Trend Looking Bullish In 2010 Rising Global Manufacturing Data + Industrial Production + Global GDP + Increase In Exports & Imports . Copper Prices Keep In To Rising Trend Copper will Hits Rs 400 - 440 Levels in Mcx. If It Crosses Rs 368 levels. Unless Remain In Range Of Rs 260 - 400 Range.
Crude Oil : Crude Oil Trend Also Bullish In 2010 Because Iran Going To Make Atomic Bomb , Global Economic Recovery & Some International Political Tension . Crude Looking To Hit $ 100 & Above this Level In 2010 . Range Of Crude Oil $ 60 - 105 in 2010.
Nifty : Nifty Looking Very Positive In 2010. Nifty Will hit At 6000 & Above 6000 in 2010. Range Of Nifty Around 4000 - 6400 in 2010. There Will Be Sharp Corrections In 2010 Due To Rising Interest Rates But Recovery Would Very Strong.
GBP/USD : GBP Looking Bullish Against Dollar In 2010. Target For 2010 is 2.0000. As Increasing Housing Demand & Robust Industrial Production Helps GBP/USD TO Make New Year Highs.
EURO/USD : EURO Looking not much Bullish Against Dollar In 2010. Target For 2010 is 1.8000. This is Possible If EURO/USD Crosses 1.6060 Level In Foreign Exchange Market.
USD/JPY : Yen Looking Positive In 2010 Due to Stimulus Package by Japanese Government. Japanese Economy Recovers From Recession Second Half Of 2010 Should Be Crucial Two Japan's Economy . USD/JPY Looking To Hit 98 - 104 - 110 in 2010. Yen Trades 80 - 110 Range in 2010.
Silver : Silver Prices Looking Positive In First Two Quarter Of 2010 Same As Gold. Silver Looking To Hit $ 20 - 21.30 - 22 in Upside Or If Silver Breaks $ 16.60 Then It Could Hits $ 14.80 - 12.60.
Copper : Copper Trend Looking Bullish In 2010 Rising Global Manufacturing Data + Industrial Production + Global GDP + Increase In Exports & Imports . Copper Prices Keep In To Rising Trend Copper will Hits Rs 400 - 440 Levels in Mcx. If It Crosses Rs 368 levels. Unless Remain In Range Of Rs 260 - 400 Range.
Crude Oil : Crude Oil Trend Also Bullish In 2010 Because Iran Going To Make Atomic Bomb , Global Economic Recovery & Some International Political Tension . Crude Looking To Hit $ 100 & Above this Level In 2010 . Range Of Crude Oil $ 60 - 105 in 2010.
Nifty : Nifty Looking Very Positive In 2010. Nifty Will hit At 6000 & Above 6000 in 2010. Range Of Nifty Around 4000 - 6400 in 2010. There Will Be Sharp Corrections In 2010 Due To Rising Interest Rates But Recovery Would Very Strong.
GBP/USD : GBP Looking Bullish Against Dollar In 2010. Target For 2010 is 2.0000. As Increasing Housing Demand & Robust Industrial Production Helps GBP/USD TO Make New Year Highs.
EURO/USD : EURO Looking not much Bullish Against Dollar In 2010. Target For 2010 is 1.8000. This is Possible If EURO/USD Crosses 1.6060 Level In Foreign Exchange Market.
USD/JPY : Yen Looking Positive In 2010 Due to Stimulus Package by Japanese Government. Japanese Economy Recovers From Recession Second Half Of 2010 Should Be Crucial Two Japan's Economy . USD/JPY Looking To Hit 98 - 104 - 110 in 2010. Yen Trades 80 - 110 Range in 2010.
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