Silver Analysis : Overview

December, 6, 2011 ( 03:00 pm) :- Comex Silver have strong support at $ 31.60 above this level Silver trend looking side but resistance also at $ 33.20.

Whole market investors are very much depend on the views of the European central bank which is on the 8th December 2011, European central bank President Mario will announce the financial package for the help of Italy & other European countries.

Market will be in range of $ 31.60 - $ 33.20 then short term charity after the 8th December 2011 ECB & BOE meeting.

European Meeting Optimism

December, 5, 2011 ( 03:00pm ) :-  All markets including stocks & Commodities are moving towards upward direction on the strong cues comes on the expiring today.
Little bit Volatile comes over the settlement in MCX today. Gold & Silver contracts are expiring today.
Dow Jones Industrial average future up by80 points from the optimism coming from the European Countries.
All European Countries getting financial aid from the side of IMF which is provided through the European Central Bank.
Nifty have strong resistance at 5150 levels  under this level  short term trend still bearish side.
Gold have strong support at Rs 28960 above this trend bullish under this trend down for short term.

Upcoming Event : BOE & ECB Interest Rat Decision

December, 3, 2011 ( 02:30pm ) :-  In the second week of December very important meeting going to be hold on 8 December 2011.
All Global Investors must eyes on the GDP data of European Region On 6 December 2011.
The preliminary GDP is looking same as previous 0.20%.www.bullionguru.com Gold % Silver will provides large momentum on the releasing time in the late European recession.
Gold & Silver will provides large momentum next week & stock markets of India & other countries must be corrected.
On 8th December, European central bank president Mario draghi will announces the more steps are going to be taken by their bank to infuse the growth of all European nation.

Nifty Futures :: Analysis

December, 2, 2011 (03:00pm) :-  Nifty Futures up by ( 1.57%) on the strong global crisis.
Steps look by USA, Chinese, & European central banks are praised by every investors.
Bharat Petroleum up by (7.12%) on the strong crude oil cues in Nynex.
Nifty looks a strong support at 4930 & up 100 points on the strong European opening FTSE trading at 5564 up by 75 points, DAX and CAC trading at 3180 up by 50 points.
Nifty futures have strong support levels at 4930 & then 4850 & resistance at 5140 & then 530.0 levels.

China Manufacturing Data Contracted

December, 1, 2011 (03:00pm) :-  China's manufacturing data's are slides to 49 below 50, a signal of contraction by which whole Chinese economy affected.
Due to the European crisis, the global demand is weak which Chinese affected the most because china is the only market which manufactures the product an unbelievable cost.
Global demand still weak this may be continues by next 2 - 3 months.
Base metal prices are higher composed to 2010 levels, the profit levels also drooped by 5% to the manufactures.
Base metals trends looking down in December.
Cooper may be range Rs 370 - Rs 440
Zinc mzy be range Rs 97 - Rs 113.
Nickel may be range Rs 870 - Rs 960.
Lead may be range Rs 98 - Rs 112.

China Manufacturing Data Contracted

December, 1, 2011 (03:00pm) :-  China's manufacturing data's are slides to 49 below 50, a signal of contraction by which whole Chinese economy affected.
Due to the European crisis, the global demand is weak which Chinese affected the most because china is the only market which manufactures the product an unbelievable cost.
Global demand still weak this may be continues by next 2 - 3 months.
Base metal prices are higher composed to 2010 levels, the profit levels also drooped by 5% to the manufactures.
Base metals trends looking down in December.
Cooper may be range Rs 370 - Rs 440
Zinc mzy be range Rs 97 - Rs 113.
Nickel may be range Rs 870 - Rs 960.
Lead may be range Rs 98 - Rs 112.

Correction In Bullion

November, 30, 2011 ( 04 :30pm ) :- Gold looking down due to the settlement period on 4 Dec 2011 % major is the demand looking very low.
Indian wedding season going to be end at 10 December 2011 till 12 January 2011. The demand of jewelers to be declaimed little bit demand owners from USA & Europe on the Christmas season.
Silver also looking down due to the unexpected GDP decreases from their high's. Industrial & manufacturing still showing  reassign marks.
Imports also going down from BRIC countries.
We are looking more down side in Bullion.