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.
November 28, 2011 ( 02:00pm) :-
Today, Nifty & Sensex open 1% up in morning session due to the
latest new updates come from European next meeting for providing the
financial aid to the Italy & other nations.
Silver & Gold also opens higher
on the optimum created on whole Europe on Sunday rumors of financial
aid provided by IMF to the Italy.
Big
Investors still buying the
Gold from the spot market for a safe heaven of their Investment.
Stock markets also corrected 10%
from past 1 month due to the investors still getting down grading
reports from Moody's for Japan & other European countries.
Over all Gold & Silver is
totally technically bullish Rs 28,200 in Gold & Rs 55,400 In Silver.
November, 25, 2011 (01:40pm) :-
After 17 November, we inventory level
of Nickel continue on rise due to lack of demand & the Chinese slow
down due to the high inflection rate.
Surge in the inventory level
providing downside slope in the technical charts in nickel.
Inventory levels recovered from the
low of 83,320 tone to 86,286 tone in hand
on market exchange.
MCX Nickel monthly future
settlement next week. The prices of Nickel looking Continuously week
or may be range of 870 - 940.
New demand occurs after the
Christmas.
We expects that Nickel prices could
be in of Rs 800 - Rs 1040 levels hill Feb.
2012 expiry.
November, 24, 2011 (03:00pm) :-
Due to the Christmas season a head many investors selling their
paper units holding Silver due to the widening Finance crisis in
Europe, Asia & USA.
Manufacturing & Industrial demand
keep weak due to the lower demand & high
inflation rate unable the consumer to buy more goods & services in
their Accounts.
On November 23rd 2011,
Unexpected data of industrial orders from the Euro - Zone also
disappointed the investors.
Big investors & funds manager
diverting their money from stock & Silver to Gold.
Gold still a safe heaven for big &
potential investors.
November, 24, 2011 (03:00pm) :-
Due to the Christmas season a head many investors selling their
paper units holding Silver due to the widening Finance crisis in
Europe, Asia & USA.
Manufacturing & Industrial demand
keep weak due to the lower demand & high
inflation rate unable the consumer to buy more goods & services in
their Accounts.
On November 23rd 2011,
Unexpected data of industrial orders from the Euro - Zone also
disappointed the investors.
Big investors & funds manager
diverting their money from stock & Silver to Gold.
Gold still a safe heaven for big &
potential investors.
November, 23, 2011 (03:00pm) :-
Gold & Silver prices in electronic platform moving so much,
volatility again increases but in technical charts, Gold & Silver
prices may be more corrected till next 2 days.
If Gold breaks $ 1690 today, then
Gold Short term target $ 1672 - 1654.
If Silver breaks % 32 & then $
31.50 then Silver trend totally bearish side.
In MCX Silver have strong support
at Rs 54,800 above this level its trend bullish & under totally
bearish.
But oversell trend for short term
is bullish, Buy on dips recommended for Gold & Silver.
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.
