-- Posted Monday, 19 February 2007 | Digg This Article

GOLD	SILVER
COMEX GOLD APRIL FUTURE -- $675.40	COMEX SILVER MARCH FUTURE -- $1404.50
EXPECTED TRADING RANGE
GOLD -- $669.00 -- $684.00	SILVER -- $1380.0 - $1440.00
COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE
COPPER MARCH -- $259.40 - $269.70	NYMEX CRUDE OIL  MARCH   - $59.20 - $61.20
MULTI COMMODITY EXCHANGE OF INDIA (MCX)
GOLD APRIL FUTURE/10 GRAMS	SILVER MARCH FUTURE/KG
Rs.9520 - Rs.9680	Rs.20,180 - Rs.20,765
NATURAL GAS MARCH FUTURE	CRUDE OIL MARCH FUTURE
Rs.322.00 - Rs.355.00	Rs.2,580 - Rs.2670
GENERAL MARKET CONDITIONS
Gold and silver have started the week on a positive note and could near 2006 highs as the week progresses. Demand supply factor is also one of the prime reasons for the rise in gold, silver, crude and other metals and energies. More than twenty countries in the world are experiencing growth rates over 4.00% never before seen in history, since statistical records are available. There is competition among central banks to ensure that growth matches other countries for which they are keeping interest rates lows, flooding the markets with more money and also manipulate their currency. The end result is that bonds and other less risky investments not even cover real inflation. The investors are forced to switch to high risk investments such as base metals and energies. Gold, silver and other precious metals are the safest investments for the long term investor. Year on year returns in gold and silver have outperformed base metals and energies. Do not look equities indices and compare with the same with gold and silver. Equity indices may rise but your stock can still give you negative return.   This week Chinese and some of the Asian markets are closed for the Chinese New Year celebrations. Demand for China, and east Asian nations (apart from India) will prevent gold and silver from a major slide. Iran and the middle east situation is like a calm before the storm.
GOLD -- APRIL FUTURE
A break of $679.80 will result in $684.80 and $694.60. On the lower side $671.20, $669.20 and $633.20 is the initial support with $659.80 as the key intra week supports.
SILVER -- MARCH FUTURE
Silver needs to break $1417 for $1437 and $1458. On the lower side $1374 and $1350 are the initial support levels with $1330 as the key support.
Happy Profitable Trading
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-- Posted Monday, 19 February 2007 | Digg This Article

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