-- Posted Wednesday, 6 December 2006 | Digg This Article

GOLD	SILVER
COMEX GOLD FEBRUARY FUTURE -- $644.90	COMEX SILVER MARCH FUTURE -- $1384.0
EXPECTED TRADING RANGE
GOLD -- $637.40 -- $655.80	SILVER -- $1355 - $1435.00
COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE
COPPER MARCH -- $310.60 - $329.40	NYMEX CRUDE OIL  DECEMBER - $61.25 - $67.20
GENERAL MARKET CONDITIONS
Every tom, dick and harry in gold and silver physical trade in different parts of India knows that gold will rise to $700 in the short term and silver over $1600 and that they are all buying on dips (whether physical or otherwise). This is a cause of concern whenever retail investor is extremely bullish the market moves in such a way that his stop losses are hit and then rises. The same could happen to gold.   Spot gold inability to edge past $650 has resulted in selling at higher levels. Investors are nervous about the rise in gold which has resulted sellers at higher levels. The pace of the US dollars slide has also slowed down after stronger than expected than rise in US services sector. However any fall of five percent to ten percent from the current levels will once again provide another long term investment opportunity..
GOLD -- FEBRUARY FUTURE
Gold needs to hold $637.40 to prevent further losses to 628.50. On the higher side $661.20 is the resistance.
SILVER -- MARCH FUTURE
Silver needs to break $1435 for $1456. On the lower side $1355 and $1329 are the support levels. This is just a technical correction in silver.
Happy Profitable Trading
For SMS and Yahoo support please mail at sms@insigniaindia.com
Disclaimer : Any opinions as to the commentary, market information, and future direction of
prices of specific currencies, precious metals, base metals, or equity indices reflect the views
of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability
for any losses incurred in connection with any decision made, action or inaction taken by any
party  in reliance upon the information provided in this material; or in any delays, inaccuracies,
errors in, or omissions of Information.

-- Posted Wednesday, 6 December 2006 | Digg This Article

1080-81, Ugger Sen Street,”Somani Bhawan”
Sita Ram Bazar, New Delhi-110006. India.
Ph: [O] 91-11-30919880 [M] 09811139549
Website: www.insigniaindia.com
Email: chintan@insigniaindia.com

Previous Articles by Chintan Karnani, Insignia Consultants

© 1995 - 2019

Live GoldSeek Visitor Map | Disclaimer