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 7th March, 2008



By: Chintan Karnani, Insignia Consultants


-- Posted Friday, 7 March 2008 | Digg This ArticleDigg It! | Source: GoldSeek.com

INSIGNIA CONSULTANTS

Asian Metals Market Update for 7th March, 2008

COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE

COPPER MAY 08   -- $384.00 - $407.00

NYMEX CRUDE OIL   - $102.50.00 - $108.50

GENERAL MARKET CONDITIONS

Silver this week silver has been very volatile and it has tested the nerves of the day trader. Investors in silver need not worry. Fundamental bullishness and undervaluation will prevent silver from a major fall in the long run. The current volatility in silver will continue in the short term as most of the traders have experienced silver’s fall but they have seen such a huge rise. Therefore day traders are confused at higher levels. When they buy, silver prices fall and stop losses get hit. When they sell, silver rises and once again stop losses get hit. The best way to deal with it is to increase the stop loss and wait for the technical levels and if prices are near them, trade. Momentum trading may or may not work in silver.

Base metals took a knock down on margin pressures as hedge funds and private equity groups dealt with margin calls and mortgage lenders struggled with their financing. Prices fell in markets for mortgage backed securities and other asset backed debt. Credit default swap protection costs jumped for corporate debt, and swap spreads widened to record levels. The Carlyle Group has not been able to meet some margin calls and has received a notice of default. US stock markets fell over two percent as a result of the same. Funds reduced their longs in commodities and to meet margin calls in equity and debt markets. Unless there is a stability factor in US housing markets and US equity markets, volatility in metals markets will be exceptionally high and the Bull Run will continue.

It’s just a consolidation phase in gold and silver before the next move. Apart from the Fed most of key central bank meetings are over. Markets will be looking forward to the over hyped US February payroll numbers for direction.

SILVER -- MAY  FUTURE -- INTRA DAY PIVOT $2120.0

Silver has to hold $1920 else it will fall to1860. On the higher side resistance at $2130 and $2196.0

 

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, 7 March 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:





 



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.