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By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 20 August 2014 | Print  | Disqus 

EUROPE AND ISLAMIC STATE

There are some media reports that more than ten percent of French people back ISIS militants. This is a disturbing sign. This is also a reflection of the political change which Europe could go through in the next general election of every European nation. ISIS sympathizers are increasing in Europe with passing of each day. European people are not idiots. They know that their leaders supporting USA in everything is wrong. The European people’s anger towards their political master (over failed global foreign policy) has resulted in ISIS getting more and more people in its fold. Funding will never be an issue for ISIS. Europe and more so traditional Christian European nations in the next five years should see a political battle between angelical Christians and supporters of Islamic faith. (Islam is the fastest growing religion in Europe). This can cause mass unrest, Ukraine style butchering of innocent civilians and among other forms of civil unrest. This could also push Europe into an unrecoverable growth path. The next eighteen months of developments in Europe will be crucial for the people of Europe as well as European growth.

Death Planning – PART II

One has to look into the number of people dependent of him or her. In India one person has the responsibility of more than four people. Any form of incapacities of a person to work, affects the family in a big way. (1) A balance needs to be made between the amount paid as medical insurance premiums and life insurance premium. If one has a small kids then preferably go in for endowment policies where premiums are less but insured amount is high. (2) In India, traditionally, Indian males have an ego problem that their spouses income should be less than him and/or spouse should not work. This has to change for long term betterment of the family. My personal view is that every individual has some creative talent in him or her. Spouses should use their creative talent either for philanthropic purpose (if one is well off) or use it for getting income however small it may not. My logic is if the creative talent is not used then there will be rust cover over the same. In the event of any exigency, this talent of the spouse could be used to financially support the family. (3) Eating healthy is a costly affair in India as prices of fruits, vegetables over the past few years have moved to Mars. Even Coconut water has nearly doubled in Delhi over the past two years. Milk prices in India rise over fifteen percent every year. A lot of Indians are addicted to chewable tobacco and pan masala. This causes cancer in the long term along with additional expense burden in the monthly budget. It is for the government to ban such products. Cancer warnings will not dissuade people from eating pan masala and gutka. But one needs to remember that increasing the consumption of healthy foods will reduce long term medical cost per person. The net result will only be long term savings.

Under the current Indian economic scenario, for a healthy living for middle class and below homes, the number of earning members in the family has to be higher than the number of dependents.

TODAY

Technically gold, silver, copper and crude oil are all bearish. Lower crude oil prices will prevent gold and silver from a big rise. Resumption of Israel-Hamas attacks could prevent gold and silver fall. We are against going long in gold, silver, copper and crude at the moment.

TECHNICAL VIEW

COMEX COPPER SEPTEMBER 2014 – current price $309.50

Bullish over $312.20 with $315.70 -$318.60 as price target

Bearish below $310.30 with $07.80 and $302.90 as price target

Neutral Zone between: $310.30-$312.20

  • Copper is looking bearish and needs to trade over $307.20 to prevent a massive crash.
  • We are against going long at current prices. One should wait till US session open.

MCX CRUDE OIL SEPTEMBER – PRICES IN INDIAN RUPEES BELOW

Key long term support is at 5640. Crude oil needs to trade over 5640 on daily closing basis to be in bullish zone. There will be a technical breakdown below 5640 to 5588 -5504 and 5380. Today crude oil is bearish as long as it trades below 5724

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 Chintan Karnani

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

Follow us on Twitter @insigniaconsul1

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)

 


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 -- Published: Wednesday, 20 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

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