Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Why 2017 Was a Year to Celebrate
By: John Mauldin

The Man Who Invented Christmas
By: Larry LaBorde

WORLD SILVER PRODUCTION: 3 Charts You Won’t See Anywhere Else
By: Steve St. Angelo

Explaining My Amazement About Those Turning Bullish On The Banking Sector Now
By: Avi Gilburt

Gold And Silver Futures Swing From Bearish To Bullish In Just Two Weeks
By: John Rubino

The Most Outlandish Gold Products You Can Buy
By: BullionStar

Trade Racks Up Gains as Bitcoin Steams Toward 22104
By: Rick Ackerman

GoldSeek.com Radio: John Embry and Charles Hughes Smith, and your host Chris Waltzek
By: radio.GoldSeek.com

Technical Scoop - Weekend Update Dec 17
By: David Chapman

Gold – WE’RE “CLOSE ENOUGH”
By: Gary Savage

 
Search

GoldSeek Web

 
Asian Metals Market Update



By: Manan Somani, Insignia Consultants

 -- Published: Tuesday, 1 April 2014 | Print  | Disqus 

It is a new quarter. The trading strategies which worked in the previous quarter may not work this quarter. This is the uniqueness of 2014. Same trading strategies will not work every quarter. Gold and silver bulls will be dependent on three key factors this quarter: (a) Escalation of Ukrainian risk (b) US interest rate outlook for the rest of the year (c) Global physical gold demand and more so when India opens up gold imports. In this quarter gold needs to trade over $1230 to be in a long term bullish zone. In this quarter silver has to break $2300 or fall below $1850 for direction. The Hindu summer marriage season which begins in Indian this month has one the largest number of auspicious days for marriage this summer (April to July period). This implies higher demand for jewelry. The trend in India is shifting more and more in favor of diamond jewelry during marriages with a reduction in sales of pure gold jewelry.

US state elections will be held in November this year which reconfigures the US senate. From July the global focus will shift to the USA and punters will be betting on whether Barak Obama  and his party are able to get maximum majority  in US senate. Politics is all about a strong and charismatic leadership. I do not see any strong leader with the Republicans who can prevent the democrats from getting a thumping majority in November state elections. 

Tomorrow's US private ADP numbers will be the key.

Oversold conditions exist in gold and silver.

TECHNICAL VIEW

COMEX SILVER MAY 2014 – current price $1971.00

Bullish over $1984.00 with $2021 and $2052 as price target

Bearish below $1960.0 with $1939-$1915 as price target

Neutral Zone between: $1960-$1984

  • Failure to break $2040 by Monday, 7th April 2014 will result in a fall to $1880 and $1780
  • Better to remain on the sidelines.

MCX SILVER MAY - prices in Indian rupees

Key support is at 42600 and silver needs to trade over 42600 to prevent a sell off to 42100 and 40600. Overall trend is bearish as long as silver trades below 43300.

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."

NOTES TO THE ABOVE REPORT

UK session starts around 1:30 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories

US session starts at 6pm pm Indian Standard Time (+5:30 GMT)

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

APPROPRIATE STOP LOSSES PER LOT IN US DOLLARS ON THE TRADING CALLS GIVEN IN THIS REPORT

COMEX GOLD – $15-$17

COMEX SILVER: $25-$30

COMEX COPPER: $3

NYMEX CRUDE OIL: $0.60

SPOT SILVER: $0.25

SPOT GOLD: $15-$17

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

Customer care: 9311139549

You can also mail your queries at insigniacommodity@gmail.com

Chat Id: mcxsuretips@gmail.com (gtalk), insigniaconsultants@yahoo.com (yahoo)

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

 


| Digg This Article
 -- Published: Tuesday, 1 April 2014 | E-Mail  | Print  | Source: GoldSeek.com

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
Website: www.insigniaindia.com
Email:





 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

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.

Live GoldSeek Visitor Map | 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.