It's Big Deal For Commodities On Yuan Flexibility

China is One of  the Largest Consumer Of  Various Commodities Like Base metal : Copper, Zinc, Lead, Nickel, Aluminum &  Bullion : Gold & Silver.

A Flexible Yuan Can Help The Chinese Peoples  To Increase Their Standard Of  Living this May Lead To High Demand From Their Own People Of  Daily Necessities. Demand is also 
Totally Demand On The Flexibility  Of Yuan Against Dollar.
 
China is New Big Consumer Market Like India. After The 2008 Recession, This Was Biggest Hit For Chinese Exporters .So, Chinese Central Bank Decided  To Flexible Yuan . It is Expected That Demand For Dollar Related is Also Increase In China .

This Action Was Positive For Base metals & Bullions in Short, Medium & Long Term View . 


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What Next For Silver?

Silver Prices Moves Upside On Major Investment by Fund Manager  in Silver. Silver price Moves Strongly in Upside on the Strong Manufacturing Demand in Euro - Zone & U.S.A.

In U.S.A & Euro - zone Strong Physical Demand Supports Silver Price In Comex & MCX. We Also Saw That Silver Follows The Gold Trend. Gold Continuously Breaking Daily New Highs In Comex & Silver Also Follows Them.

We Fore - See Silver In Comex Upton $ 19.40 - 19.60. If Holds $ 18.80 Then Silver Moves To Downside & Hits $ 18.20 - 17.60.

We Fore - See Silver Price In 30,100 - 30,260 If Silver Holds Rs 29,600 in MCX .   If Holds  Rs 29600 Levels Then We Fore See Silver at Rs 28800 - 27600 in MCX.

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Gold Hits Year Highs !!

Nowadays, Gold Moving Daily on the Basis of Technical. Hedge Funds & Gold Funds Supports the Gold Prices in Lower Levels on Comex. Due to the European Financial Crises, ECB Holds there Interest Rate at Low for a Extended Period & Federal reserve Bank May be Do Same.

Large Demand of ETF'S Shares in U.S / Singapore / Dubai / U.K &  India May Lead to Maintain  the Gold Demand In India  in the Form Of Paper Gold or Gold Shares, We See Good Daily Volumes in Benchmark Gold ETF [ GOLD BEES].

GOLD BEES Trading At Rs 1841 In Indian stock Exchanges, It Is Looking To hit 1880 - 1900 in short Run. If Spot Gold Breaks New Years On Comex.

We Fore-see Gold Price In Comex at $ 1250-1280 Levels. If Gold Trades $ 1242

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What's Next For EURO/USD ?

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.

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BUY SREI INFRASTRUCTURE LTD TGT 120

  As Per Govt. Invest More Money In Infrastructure To Achieve the 10 % GDP. SREI Posting Strong Quarterly Results & Govt. Also Planning To Give Permission To Private Companies To Issue Infrastructure Bond. That's Very Much Positive For This company. Buy SREI Infra at 70 - 75 tgt 100 - 120.

Gold Prices at Lifetime High, Retails Surges To Zero

Gold Prices trading at Lifetime High In Whole Currencies Pack Except One Or Two Currencies.  But Retails Sales Of Gold & Silver Jewellery Going To At Very Minimum Or May Be Zero If We Compare To All Past Year Sales. Buyers are Interested to Sell In place To Buy Gold On Akshaya Tritiya due to higher return on investment.
 Gold Prices Trading At $ 1240 Levels & In Mcx It Trades Around Rs 18120. But Strong Funds Demand In Gold , Silver, Platinum & Palladium Supporting Prices At Higher Levels.
Many Middle Class Families Using Artificial Gold Jewellery In Parties In Place Of Gold Jewellery, There was a Robust Growth In Artificial Gold Jewellery Business. They Keep On Rising Due To Higher Bullion Prices Day By Day.
We For See Gold Prices On Comex at $ 1260 - 1280 , If They Holds $ 1182 Levels.
We For See Silver Prices On Comex at $ 20.08 - 20.40 , If They Holds $ 18.80 Levels.
We For See Crude Oil Prices On Comex at $ 76 - 78 , If They Holds $ 68.      

Gold & Silver Sinks Due To Technical Selling

 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