Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Stock Review : Markets : News Wire : Quotes : Radio : Silver : Stocks - Main 
  
 GoldSeek.com >> News >> Story

 Disclaimer 

Latest Headlines


GoldSeek.com Radio: Puru Saxena, the International Forecaster & host Chris Waltzek
By: radio.GoldSeek.com

International Forecaster September 2008 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster

More TwosDay Silver Shortage Reports
By: Jason Hommel, Silver Stock Report

Housing Debacle
By: Sol Palha, Tactical Investor

Thoughts on the Continuing Crisis
By: John Mauldin, Millennium Wave Advisors

The Assets of Penultimate Fools
By: Richard Daughty, The MOGAMBO GURU

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 3% and 9% on the Week
By: Chris Mullen, Gold-Seeker.com

Making a Bad Situation Badder
By: Bill Bonner & The Daily Reckoning Crew

COT Gold, Silver and US Dollar Index Report - September 5, 2008
By: GoldSeek.com

Achilles Heel, Shock Wave, Transformation
By: Jim Willie CB


Search

GoldSeek Web



 
Asian Metals Market Update for 7th April, 2008



By: Chintan Karnani, Insignia Consultants


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

INSIGNIA CONSULTANTS

Asian Metals Market Update for 7th April, 2008

EXPECTED TRADING RANGE

GOLD JUNE 08   -- $902.0 -- $932.00

SILVER  MAY 08  -- $1730.0 - $1880.00

COPPER AND CRUDE OIL -- EXPECTED TRADING RANGE

COPPER MAY 08   -- $388.00 - $409.00

NYMEX CRUDE OIL   - $103.00. - $109.50

Please visit www.insigniaconsultant.in for our subscriber services.

GENERAL MARKET CONDITIONS

Expectations of a half a percentage interest rate hike has increased after last week’s March payroll numbers which will support metals and energy prices at lower levels. The US dollar will trade with a softer bias unless the European central bank says that it will cut interest rates. Copper continues to rise with LME copper heading for $9000 as long as $8500 holds. Copper is the driver for base metals. Copper’s rise/fall directly affects other base metals. Nickel (LME) needs to break $31000 for another attempt at $37000 in the short term. Base metals will be volatile for the rest of April caught between global growth factors and liquidity factors. However we do not expect any major slide in base metals till the Olympics unless equity markets have a sustained medium term bull run.

The Indian rupee is caught between inflation and volatile stock markets. Inflation reached seven percent for the week ended March 22. The government will try and let the rupee appreciate to 39.50 and 39.00 to reduce inflation. An interest rate cut by the reserve bank of India in its annual policy meeting this month is out of question. There is speculation of a cash reserve ratio (CRR) hike. Indian rupee’s short term performance will be dependent on foreign portfolio flows. Unless the stock markets rise substantially, short term gains in the rupee will be limited.

It will be a technical trade in all metals and energies this week.

COPPER -- MAY FUTURE -- INTRA DAY PIVOT: $392.0

Copper targets $403.80 and $416.90 as long as $388 holds. Copper has to fall below $388 for $372.

NYMEX CRUDE OIL --  FUTURE -- INTRA DAY PIVOT: $104.10

Crude oil has to break $110-$112 this week else a fall to $99 and $96.

 

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, 7 April 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:



Buy Gold and Silver Online...

 



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 - 2008


© GoldSeek.com, Gold Seek LLC


GoldSeek.com Supports Kiva.org

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.

Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com 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, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.
OilSeek.com