-- Posted Friday, 25 January 2008 | Digg This Article | Source: GoldSeek.com

INSIGNIA CONSULTANTS
Asian Metals Market Update for 25th January, 2008
GOLD	SILVER
COMEX GOLD FEBRUARY FUTURE -- $910.20	COMEX SILVER -- MARCH FUTURE -- $1645.0
EXPECTED TRADING RANGE
GOLD FEBRUARY 08   -- $894.0 -- $921.00	SILVER  MARCH 08  -- $1588.0 - $1670.00
COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE
COPPER MARCH 08   -- $311.00 - $327.00	NYMEX CRUDE OIL   - $86.00 - $91.00
“SMS alert” for MCX and Comex also available to subscribers (India and Dubai traders) -- For taking trial SMS number to 9311139549 or visit www.insigniaconsultants.in  for details
GENERAL MARKET CONDITIONS
The $7 billion losses of French bank Societe Generale by a rouge trader suggest that there could be more hidden losses incurred by banks and asset managers across the world due to the US sub prime market collapse which are yet to surface. Historically markets have taken such news in the stride and the US dollar had remained unaffected by the same. This may not be the case this year if more such news comes up. Investor’s sentiment has been shaken and they will be hesitant to invest in financials and equities. The investor cannot invest in equities, bond yields are too low to cover inflation and real estate prices are not out of the woods. Commodities are the best and safest investment. Commodities do not mean precious metals and base metals, it includes agro commodities as well and one need to have a balanced portfolio even while investing in commodities.
Gold and silver will trade with a firm bias till the Fed meeting next week.  Copper will remain firm as LME stocks have been continuously falling. Zinc will under perform lead and nickel. Base metals will find more investment interest if China does not cool. There could be some profit taking today in precious metals which should be used as an opportunity to go long using higher stop losses. It may not be one traffic in gold and silver today.
GOLD -- FEBRURAY FUTURE -- INTRA DAY PIVOT:$903
Gold can target $934, $956 in short term if it is able to hold $896 and $874.
COPPER -- MARCH FUTURE -- INTRA DAY PIVOT: $327.0
Copper targets $327, $338 once again if $311 and $307 holds.
NYMEX CRUDE OIL --  FUTURE -- INTRA DAY PIVOT: $88.48
Crude oil has to hold $88.48 to target $92.20, $95 once again. A close below $88.48 will result in $86 and $82 in the short term.
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.

-- Posted Friday, 25 January 2008 | Digg This Article | Source: GoldSeek.com

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