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

GoldSeek Radio Nugget: John Embry and Chris Waltzek
By: radio.GoldSeek.com

AlphaZero for President
By: George Smith

Ira Epstein's Metals Video 12 14 2017
By: Ira Epstein

Asian Metals Market Update: December-15-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold Seeker Report

Are You Ready For The Next Rally?
By: Craig Hemke

Long Term Patterns in Stocks, Gold and Crude
By: Gary Christenson

Exploration Update: Golden Arrow’s Pescado Project
By: Nicholas LePan, SilverSeek.com

GoldSeek Radio Nugget: Charles Hughes Smith and Chris Waltzek
By: radio.GoldSeek.com

Strap Yourself In - We Are About To See Some Big Moves In Metals
By: Avi Gilburt

 
Search

GoldSeek Web

 
Asian Metals Market Update



By: Chintan Karnani, Insignia Consultants

 -- Published: Thursday, 28 August 2014 | Print  | Disqus 

Traders will now be taking positions for next week’s US August nonfarm payrolls and key central bank meetings over the next two weeks. The summer trading period is coming to an end. Trading volumes as well as intraday volatility will rise in gold, silver and copper in September. Indian demand for gold and silver will be high in September.

I will be looking forward to the direction of global equity markets in September and more so for clues on quarter end profit taking signals. There should be an inverse relation between bullion and global equity markets in September and October. Demand will also be the key to gold and silver prices.

The death of the ISIS fighter hailing from the USA is a cause of concern globally. It seems that ISIS has succeeded in attracting youths from NATO members. The spread of ISIS makes me believe that one should increase gold in his investment portfolio for next year.

In the September-October period as long as gold trades over the $1230-$1255 zone downside risk will be limited. In the September-October period silver needs to trade over $18.50 to rise to the $23.00-$25.00 zone. I am more optimistic in silver than gold as I expect Indian demand to be the sole cause for the silver price to zoom. Physical silver demand in India will be massive if prices fall below Rs.39000 per kilogram from the current price around Rs.42500 per kilogram.

TECHNICAL VIEW

COMEX GOLD DECEMBER 2014 – current price $1287.00

Bullish over $1280 with $1292.30 and $1303.00 price target

Bearish below $1272.00 with $1264.70 and $1243.60 as price target

Neutral Zone between $1272 and $1280

  • Gold can rise to $1301 today if it is able to trade over $1272
  • One needs to trade very carefully between the $1272-$1285 zone.
  • Jobber watch $1287 all the time

MCX CRUDE OIL (1ST CONTRACT)  - PRICES IN RUPEES BELOW

Key long term support is at 5640. As long as crude oil trades over 5640, there is still hope of a rise to 5760-5900. There will be a technical break down if crude oil trades below 5640 anytime in the US session. Jobbers watch 5700.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $93.90

Bullish over $93.60 with $95.20 and $97.30 as price target

Bearish below $90.60 with $89.10 and $87.80 as price target

  • Crude oil can rise to $95.20 and $97.00 as long as it trades over $92.00
  • Jobbers watch $94.10

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)

 


| Digg This Article
 -- Published: Thursday, 28 August 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.