-- Posted Tuesday, 27 May 2008 | Digg This Article | Source: GoldSeek.com

INSIGNIA CONSULTANTS
Asian Metals Market Update for 27th May, 2008
EXPECTED TRADING RANGE
GOLD AUG 08   -- $921.0 -- $952.00	SILVER  JULY 08  -- $1787.0 - $1880.00
This is just an excerpt of the main report. For a free 14 days trial, mail a request to sms@insigniaindia.com
GENERAL MARKET CONDITIONS
I am a bit wary of the commodity currencies such as the Australian dollar, Canadian dollar and others. In the short term they may gain as commodities are expected to gain further. In the medium term to long term, it will be just the reverse when commodity prices witness a sustained reversal. Sterling has been gaining on the US dollar. However a failure to close over 2.0040 this week will result in a fall back to 1.9610 and below. The Euro/usd looks headed for 1.60 as long as it holds 1.5688. This week’s host of economic numbers will be the key for the US dollar.
Base metals are finding sellers on rises on expectation that higher crude oil prices will prevent demand from rising which can further reduce investment interest and increased inventories. Base metals can fall in 2008 but should rise sharply in 2009 as the world gets used to higher energy prices. One can buy 2009 copper call options on every ten to fifteen percent dips in copper futures. Buying some 2009 LME steel call options is a good bet. Far dated option premiums are low in base metals and returns look equally attractive.
COPPER -- JULY FUTURE
Copper has to hold the $360-$365 zone to be in a bullish zone. On the higher side only a break of $382 will result in gains.
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 Tuesday, 27 May 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