-- Posted Friday, 25 July 2008 | Digg This Article | Source: GoldSeek.com

INSIGNIA CONSULTANTS
Asian Metals Market Update for 25th July, 2008
www.metalsignal.com trial over. For subscription contact Manish at 9311139549/011-32601392. For Resellers package also call Manish.
PLATINUM OCTOBER TECHNICAL LEVELS
SUPPORT				RESISTANCE
S1	S2	S3	S4	R1	R2	R3	R4
$1,598.00	$1,648.00	$1,682.00	$1,708.00	$1,765.00	$1,816.00	$1,865.00	$1,902.00
GENERAL MARKET CONDITIONS
National Australia Bank Ltd, Australia biggest bank, set aside A$830 million ($795 million) for possible losses on credit investments after the U.S. mortgage market collapse eroded their value. This is positive for precious metals and negative for equities. The dust of the collapsed US mortgage market was settling down and now suddenly we get news from Australia. This will make investors jittery on stocks and move them towards increasing their investments in safe haven assets.
Hong Kong’s first exchange-traded fund to track the price of gold has been launched to take advantage of interest in the precious metal as its price remains close to record highs and investors in Asia look for ways to hedge against inflation. More and more gold ETF’s are being launched with the passing of each month. The companies which are launching it know that gold as an investment is no where near its potential. But intra day volatility in gold prices with test the instincts of day traders.
COPPER -- SEPTEMBER FUTURE -- INTRA DAY PIVOT: $354.0
200 day MA around $354 is the key support. Resistance is at 100 day MA around $378. fall below $354 will result in $347 and $339.
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 Friday, 25 July 2008 | Digg This Article | Source: GoldSeek.com

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