LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Asian Metals Market Update for 22nd June, 2007



By: Chintan Karnani, Insignia Consultants


-- Posted Friday, 22 June 2007 | Digg This ArticleDigg It!

EXPECTED TRADING RANGE

GOLD AUGUST  -- $651.20 -- $662.20

SILVER  JULY  -- $1292.50 - $1344.00

COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE

COPPER JULY   -- $332.10.00 - $348.90

NYMEX CRUDE OIL  JUNE    - $67.60 - $69.72

GENERAL MARKET CONDITIONS

Investors are clearly nervous over the fall out of losses by bears sterns and an Irish hedge fund. This resulted in gold, silver and copper falling only to recover thereafter towards the close and edge higher. Carry traders once again prevented commodities and equities from a fall as yen nears 125.0. It’s all about carry trades for the  time being of lack of major market moving news. Global interest rates scenario is benign for the rest of 2007 which will only support carry traders. The only question is the tolerable limit of euro’s weakness against the yen by the European central bank (ECB). For the time being I do not that the ECB will be concerned over euro’s gains against the yen as the eurozone services has been showing continuous signs of improvement. Loss of exports in eurozone is being substituted by growth in services sector in eurozone. Only when the services sector in eurozone shows a decline that the ECB may intervene verbally to stem yens weakness. Till then major unwinding of carry traders in the short term seems like a mirage in a desert.

 

Markets will be looking forward to the next weeks Fed meeting with retail investor sitting on the sidelines. All the good news on US economy and interest rates has been factored in by the markets. If the Fed disappoints the US dollar could see a major decline in July to September quarter and gold and silver some sharp gains.

 

COPPER -- JULY FUTURE

  It needs to break $344 and $347.40 for $351.55. $351.51 is the key resistance and only a break of the same will result in losses to $360.30. On the lower side $336.90 and $331.30 are supports.

 

 

Happy Profitable Trading & Have a Great Weekend

 

FOR ACTUAL AND FULL REPORTS please register on our new website www.insigniaconsultants.in  for a free trial service for an indepth analysis on metals and energies along with intra day and positional trading calls on MCX. NCDEX and COMEX and other INTERNATIONAL markets. SMS on Mobiles, FAX and MESSENGER service also available.

 

 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 Friday, 22 June 2007 | 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:





 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.