INSIGNIA CONSULTANTS

Precious Metals Market Update for 31st December, 2007

GOLD

SILVER

COMEX GOLD FEBRUARY FUTURE -- $846.0

COMEX SILVER -- MARCH FUTURE -- $1497.5

EXPECTED TRADING RANGE

GOLD FEBRUARY 08   -- $830.0 -- $866.00

SILVER  MARCH 08  -- $1458.0 - $1554.00

COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE

COPPER MARCH 08   -- $307.00 - $323.00

NYMEX CRUDE OIL   - $94.00 - $99.00

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GENERAL MARKET CONDITIONS

  This is the last day of 2007. Gold, silver, platinum and crude oil were the best performers among the metals and energies which should result in more new investors including them in their portfolio. Much more money will flow in them in 2008 than in 2007. However volatility will also be high. I remain bullish in gold till June 2008 and thereafter I will be cautious. Silver has underperformed in 2007, but should outperform every metal in 2008. Crude oil, overall trend bullish in 2008 however a top should be formed in the first quarter of 2008, storms and hurricanes warnings and US election manifesto in the third quarter will play a significant role while the US dollar will dictate crude oil in the final quarter of 2008.

  As far as base metals are concerned, the safest bet is copper. Copper is for low risk traders. For high risk traders it is zinc, which markets expect it to be in surplus in 2008. I am bullish in base metals in the second half of 2008 when lagging effects of interest rate cuts starts to have a positive effect on retail consumption of G7 nations. Lead and nickel will outperform zinc. Aluminum will be dark horse in 2008.

Technically gold, silver and crude oil are bullish while there should be more losses in the US dollar.

GOLD -- FEBRURAY FUTURE -- INTRA DAY PIVOT:$854.0

Gold targets $858 and $873.30 as long as $839 holds.

COPPER -- MARCH FUTURE -- INTRA DAY PIVOT: $303.10

Copper has to hold $303.20 on closing basis to be in bullish zone and target $317 and $322. A consolidated fall below $303.20 will result in $292 and $286

NYMEX CRUDE OIL --  FUTURE -- INTRA DAY PIVOT: $94.80

Crude oil targets $100+ as long as it floats over $94.69. If it falls below $94.69 then $92.18 and $90.50 are targets.

HAPPY PROFITABLE TRADING

 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.