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-- Posted Monday, 4 February 2008 | Digg This Article | Source: GoldSeek.com

INSIGNIA CONSULTANTS
Asian Metals Market Update for 4th February, 2008
GOLD	SILVER
COMEX GOLD APRIL FUTURE -- $916.0	COMEX SILVER -- MARCH FUTURE -- $1689.0
EXPECTED TRADING RANGE
GOLD APRIL 08   -- $900.0 -- $938.00	SILVER  MARCH 08  -- $1652.0 - $1740.00
COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE
COPPER MARCH 08   -- $326.00 - $340.00	NYMEX CRUDE OIL   - $87.20.00 - $92.20
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GENERAL MARKET CONDITIONS
The Fed meeting is over; US January payrolls are over, interest rate factors are over. It will be a technical trade for the rest of the week. Markets have factored in slowdown/recession in the US. If there is any statistical information from US economy suggesting that US will avert a slowdown will result the Fed may also raise interest rates towards the close of the year and the US dollar could gain sharply. Although, it is too early to comment on the same, it could be a possibility if the Fed shifts focus to inflation.
This is a very crucial week for gold and silver, if gold and silver rise then they may have bottomed out and new record highs may be created. Apart from the European Central Bank (ECB) and Bank of England meetings, there is not much economic news from around the globe. Base metals will find investment interest at lower levels on expectation that the US economy may snub recession calls after the Fed aggressive rate cuts last month.
SILVER -- MARCH FUTURE -- INTRA DAY PIVOT $1692.0
As long as silver holds $1652, $1601 downside will be limited in February and silver will once again target $1740 and $1800 in February. Silver falls below $1601 then $1534 and $1396 are targets.
COPPER -- MARCH FUTURE -- INTRA DAY PIVOT: $332.0
Copper has to break $337-$339 zone for $350.50, $358.60. Support stands at $326.30 and $319.10.
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 Monday, 4 February 2008 | Digg This Article | Source: GoldSeek.com

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