USA GDP Data Outlook

Very Important data release tonight USA Gross Domestic Product looking stands at 2.50% as a expectation. Data is looking totally positive side for bullions.
Silver have strong selling pressure from last few days due to the continuously correction in the global demand out look.
Stock market correction was also pressure the Silver in MCX & Comex.
Big investors sold around 1,00,000 Kg approx. Silver as a profit booking & hold his cash as a safe side.
We also seen at all base metals breaks our resistance level hold continuous rally in MCX due to the dollar upside momentum.
Over all market is very good for trading due to the higher volality in the settlement periods next week.

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.

Gold Looking Bullish For Short term

November, 21, 2011 (02:00pm) :-  Bullion looking bullish due to the heavy bets on the buy side.

Big investors is not able to seek long term solution of financial crisis from USA & European.
Initial claims last week dates provides some support to the economy but the European crisis not looking to end near term.
Gold have important support at Rs 27,960 above trend totally bullish for target Rs 29,000 - 29,400 for short term view.

Initial Claims drags bullion prices

Unexpected  Initial claims data drags the gold silver prices. Intraday traders sold gold & silver in electronic trading by which silver droped 5% down.
But other Global investors bought 12,000 kg approx gold from the spot markets, by which bullion takes supports from dips.
Gold looking totally bullish for targets Rs 29000 in short term view with strong support at Rs 27960 levels

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

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.