Thursday, November 17, 2011

Safe Heaven Investment Increase

November, 17, 2011 (02:30pm) :- Due to the growing European crisis investors seeking the safe heaven again.
Protesters rallies in USA also effecting the confidence instrument that's why huge money transferred from stocks to Gold From last 20 - 40 days.
Investors bought 10,000 kg approx, Gold yesterday for a safe heaven investment.
Gold have b more power to go upside up to $ 2000.
Gold have strong support at 28,760 level above this Gold trend totally bullish for target Rs 29000 - 29400.
If breaks Rs 28,780, then trend totally down Rs 28,560, 24380

Wednesday, November 16, 2011

Range bound movement in Silver

Silver prices are totally range bound in MCX & Comex from last few days.
Range movement in Silver due to the uncertainty of European crisis. Investors are conferred & out of markets are due to the no solution in Europe markets.
Silver moving around in downside $ 33.80 - 33.60 in Upside $ 34.80 - 35.
Initial jobless claims & consumer prices index in USA are not showing satisfactory recovery by which investors are avoid to take large positions in Silver.
If Silver breaks $ 35 then looking for the target of $ 36 - $ 37 unless in downside Silver looking to hit $ 32.60 - 31.80

Investors more bullish on Gold

November, 11, 2011 ( 03:00pm) :- Safe heaven investors bullish on Gold due to the crisis in whole European.
Another thing is that European crisis not looking to end in shortly because two Prime minister from Italy &b Greece already lost their majority.
Investors & funds managers keep buying Gold & Silver due to the safe heaven investment.
Gold trend totally above Rs 28,560 for short term view.
Silver trend also bullish above Rs 55,560 for short term trend totally bullish above this level.

Inventory & Prices of Nickel drops

November 15, 2011 ( 04:00 pm) :-  Nickel LME Inventory ware house. level continuously drops from Nov 10 to Nov 11 nickel LME Inventory stood at 130000 tone in 2010 & in 2011 it down continuously to 85000 tone.
The huge demand occurs in the Japan some desecration. Japan Government passed recovery package for covering losses from the March 11 tsunami.
But the prices & the Inventory continuously falls due to the slow down in the China.
China's imports drooped it directly affected the base - metals.
USA also going to be celebrating  recession week from 15 December 2011.
European crisis is the major feather of the Nickel prices , which continuously falls from Rs 1200 to Rs 900 in MCX.
Nickel have support at Rs 840 levels above this short term trend totally bullish under then totally down.

Wednesday, September 21, 2011

Bullion Vaults Out Of Space

September, 21, 2011 ( 01:30pm) :-  Huge demand of Gold after the successful really from 2001 to 2011. this decade Gold & Silver provides huge profitable dally.
Due to the European crisis not looking to end for next 1 - 3 year. European investors invested the money in Gold & silver by which storage place is more required.
 Money banks starting expensing on of their values & also planning to set up new unit of vault which is help the investors to more metals with out risk.
Every vault is Manufactured with metric tonne steel gates for the storage & safety purposes.

Big Investors Buying Support Bullion Prices

September, 17, 2011 (03 : 20pm) :-  Investors from the developed countries bought gold & Silver at lower prices. After correction  from $ 1916 to $ 1760, its around 10 - 12 % correction, They bought around 1000 kg & 13000 kg in Friday.
There was reports from USA, jobless claims again roses from week to week due to employment cutting by the banking & other financial institutions.
Gold trend looking completely bullish side above $ 1782 & RS. 27,400 levels.
Silver trend looking completely bullish side above $ 39.80 & Rs. 63,600.

Jobless Claims Roses In USA

September, 16, 2011 ( 11 : 00am ) :-  After the Obama better policies after job creation environment, some financial & banking companies still cutting cost by dismiss the employer who are not generated in comes for their work done. 

After this application of un employment benefits roses by 11,000 thousand, last week it stands at 417 k.

Gold & Silver more down due to the technical break down. If Gold close below $ 1800, then more down confirmed Silver also looking technical down if closes below $ 40 Levels.