Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Fed Day: Mr. Market Meets Mr. Hyde
By: Stewart Thomson

Bear Stearns – A Different Opinion
By: Theodore Butler

Here’s What Inflation Could Look Like in 2020, Based on Past Surges
By: Jeff Clark

Politics And Investing
By: Axel Merk

Does Weiner really know what central bankers think better than they themselves do?
By: Chris Powell

Another look at gold’s true fundamentals
By: Steven Saville

Please Introduce Yourself, Mr. Powell. Gold Awaits You
By: Arkadiusz Sieron

A Glimpse Of Precious Metal Mining’s Future: Hecla Buys Klondex For 59% Premium
By: John Rubino

With Rollback, Dodd-Frank Is Now Officially a Dud
By: Frank Holmes

Eagle Plain’s Partner SSR Mining Commences 18,000m Drill Program at Fisher Gold Project, Saskatchewan
By: Eagle Plains Resources Ltd.


GoldSeek Web

Asian Metals Market Update

By: Manan Somani, Insignia Consultants

 -- Published: Monday, 10 February 2014 | Print  | Disqus 

  • The next Federal reserve meeting is on 18-19 March -- by this time there will be more clarity in the progress of the US economy -- US economic data releases until 19th March will be the key as it will decide whether further tapering is needed or not.
  • Tuesday, 11th February: Federal Reserve new chairman's first testimony to the US senate will be the key. Any views on stabilization of US economic growth and hints of a taper beyond March 2014 will be bullish for gold with possibilities of $1326 in the near term.
  • Thursday, 13th February: US January retail sale numbers will be the key. A bad numbers or a way below expectation number will be bullish for bullion. However cold weather effects will need to be taken into account before taking a short term call on bullion.
  • Technically gold, silver, copper and crude oil are all bullish.

This is the best chance is for gold to rise to the $1296-$1326 zone. Silver can rise to $2100 and $2325 by next week if it is able to trade over $1940. Crude oil will remain firm on Japanese snowfall. Physical demand for gold and silver will be high across Asia in case gold is able to trade over $1247 this week. Chinese demand for copper and base metals should prevent it from a big crash. China will slowly open as the week progresses.

US January nonfarm payrolls has been mixed. We expect a further rise in US employment numbers from March onwards.


COMEX SILVER MARCH 2014 – current price $1997.00

Bullish over $1969.00 with $2028 and $2078 as price target

Bearish below $1948 with $1912.00-$1890.0 as price target

Neutral Zone between: $1940-$1964.00

Break point: $1948-$1964

  • Silver needs to trade over $1970 today to target $2028-$2078
  • Silver will crash if and only if copper and gold both fall.
  • There will be buyers on dips as long as silver trades over $1940

MCX SILVER MARCH 2014 - prices in Indian rupees below

Silver needs to trade over 44076 to target 44923-45535. There will be sellers only if silver trades below 44076 either in the UK session or US session or in case silver does not break 44923 today. We prefer to buy if and only if silver trades over 44556 either in the UK session or US session with a stop loss below 44055

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 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. Prepared by Manan Somani

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

Trade without emotions

"Print this report only if absolutely necessary. Save Paper. Save Trees."


UK session starts around 2:30 pm Indian Standard Time (+5:30 GMT) -- after the release of LME base metals daily inventories

US session starts at 7pm pm Indian Standard Time (+5:30 GMT)




Customer care: 9311139549

You can also mail your queries at

Chat Id: (gtalk), (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)


| Digg This Article
 -- Published: Monday, 10 February 2014 | E-Mail  | Print  | Source:

comments powered by Disqus
1080-81, Ugger Sen Street,”Somani Bhawan”
Sita Ram Bazar, New Delhi-110006. India.
Ph: [O] 91-11-30919880 [M] 09811139549


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of 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 This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

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