-- Posted Wednesday, 1 April 2009 | Digg This Article | Source: GoldSeek.com
GENERAL MARKET CONDITIONS/FUNDAMENTAL FACTOR
It’s a beginning to a new quarter. Base metals and energies.It’s a buy on sharp dips strategy for the second quarter. One should not get scared by steep falls in base metals and energies. I will also use silver’s slide (if any) to invest for the long term (1-2 year time). Gold I will prefer to remain on the sidelines in short term and use ten percent dips (if any) to invest for the long term.
We have the European central bank meeting and US March payrolls in the next two days. There will be position squaring and rebuilding before the same. Next week we have the Easter vacations. Lots of holidays and key meetings and economic numbers which could turn the markets upside down in the next ten days. Use higher stop losses and buy on sharp dips as long as key medium term technicals are holding.
TECHNICAL VIEW
COMEX SILVER MAY
Silver will break free from the $1200-$1460 in the next fortnight. I am positive that silver will edge higher and break $1460. Intra day silver needs to hold $1280 to be in bullish zone.
DISCLOSURE: NO POSITIONS
THIS IS JUST AN EXCERPT OF THE DAILY COMEX REPORT.
Disclaimer:Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employeeshave 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. Prepared By Chintan Karnani. Website www.insigniaconsultants.in
-- Posted Wednesday, 1 April 2009 | 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
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
