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-- Posted Wednesday, 25 June 2008 | Digg This Article | Source: GoldSeek.com

INSIGNIA CONSULTANTS
Asian Metals Market Update for 25th June, 2008
STARTED IN  METAL SIGNAL:  TRADING LEVELS AND INTRA DAY TRADING STRATEGIES, FOR DETAILS CALL MANISH@ 9311139549/9312245649 FOR LIVE MCX PRICES+MCX-COMEX ARBITRAGE+COSTING+GOLD SILVER RATIO+SPOT FOREX PLEASE LOGIN TO WWW.METALSIGNALS.COM         USER ID:10050 + PASSWORD : demo (PLS DISABLE POPUP BLOCKER)
PLATINUM OCTOBER TECHNICAL LEVELS
SUPPORT				RESISTANCE
S1	S2	S3	S4	R1	R2	R3	R4
$1,928.00	$1,952.00	$1,992.00	$2,002.00	$2,043.00	$2,062.00	$2,078.00	$2,092.00
EURO/USD  -- TECHNCAL LEVELS
SUPPORT				RESISTANCE
S1	S2	S3	S4	R1	R2	R3	R4
1.5325	1.5422	1.5476	1.5528	1.5582	1.5614	1.5674	1.5734
GBP/USD  -- TECHNCAL LEVELS
SUPPORT				RESISTANCE
S1	S2	S3	S4	R1	R2	R3	R4
1.9380	1.9514	1.9578	1.9614	1.9735	1.9777	1.9834	1.9890
GENERAL MARKET CONDITIONS
Consumer confidence in US, European and other parts of the world is falling. What does this signify for the US dollar? Unless energy prices fall the US dollar will be volatile against the major currencies. Central banks are being forced to raise interest rates to tackle inflation. Consumers are spending more on essentials and less on other things. Lay off or its expectation is adding to the woes of the consumer. Consumer pessimism is bound to stay afloat. In the end it will all boil down to interest rates differential apart from growth outlook. We expect eurozone growth to fall in time and that the European central bank may not raise interest rates after July. The US dollar will make and slow and steady gains as we near US presidential elections.
The current investment market is a difficult one not just for the fund managers but also for the investors. Since 2003 retail investors have made quick bucks in stock markets and their capital was intact. One of my friends had married in the month of January. He had invested nearly all his savings after his marriage into the Indian stock markets. At present his mark to market (MTM) loss is nearly fifty percent. He is a worried man and asked me whether he will get his capital back on his delivery based equity investments. India is great for long term investments. The current fall is part and parcel of a long term bull rally which has been accentuated by political risk due to general elections anytime before May next year and the oil shock. In 2009 higher base effect will result in Indian inflation as well as global inflation falling to acceptable levels. A new government will be leading India. There should be interest rate cuts either in the second quarter of 2009 or in the third quarter of 2009 in India which should result in Indian stock markets going berserk once again after June, 2009. One needs to have the patience and remain invested. Had my friend diversified, his investment dilemma would have reduced. Precious metal investing is one of the best forms of diversification.
PLATINUM OCTOBER -- INTRA DAY PIVOT $2055.0
In the short term platinum can fall to $1980 and thereafter target  $2100 and $2192 as long as $2038 and $2019 holds
MCX CARBON CREDIT --NOVEMBER (price in Indian Rupees)
Carbon Credit has to hold 1425 to be in bullish zone. Resistance at 1459-1465.
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.
Nothing in this article is, or should be construed as, investment advice.

-- Posted Wednesday, 25 June 2008 | Digg This Article | Source: GoldSeek.com

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