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

Gold Seeker Closing Report: Gold and Silver Fall While Stocks Edge Higher
By: Chris Mullen, Gold Seeker Report

Michael Pento: Epic Stock Market And Fixed Income Bubble Will Not End Well
By: Mike Gleason

100% Bullish Signal for Precious Metals Sector
By: Przemyslaw Radomski, CFA

Jack Chan's Weekly Precious Metals Market Update
By: Jack Chan

SWOT Analysis: Is Gold Set to Rise in 2018?
By: Frank Holmes

The Process Through Which the First Major Central Bank Goes Bust Has Begun
By: Graham Summers

The Dow Gold Ratio
By: Rambus

Friday’s COT Report: A WTF Moment For the Ages?
By: Ed Steer

Finally, Gold Speculators Start To Bail, Setting Up A Big Q1 2018
By: John Rubino

Gold Demand in the Singapore Bullion Market
By: BullionStar

 
Search

GoldSeek Web

 
Asian Metals Market Update



By: Manan Somani, Insignia Consultants

 -- Published: Wednesday, 29 October 2014 | Print  | Disqus 

The Ghost of the FOMC meet has resulted in range trade in all metals and energies. Gold, silver and crude oil can see big one way moves anytime. A hawkish stance on interest rates by the Federal Reserve can result in gold rising to $1320 and silver rising to $1930. Once the Federal Reserve meet is over, we have the US senate elections next week and US October nonfarm payrolls apart from the European central bank meet. These events can have a big impact on the currency markets as well as the US dollar.

Indian demand for gold and silver should rise from next week as we near the start of the Hindu marriage season. The momentum is hyper bearish for gold and silver. I still prefer to play the contrarian call for bullion and more so for silver. Technically gold and silver are in a neutral zone.

Another reason for me to be bullish on gold and silver is the “Islamisation of Europe”. With the passing of every year there is a big increase in the numbers of people converting to Islam (from other religions). This will change the political landscape of every European nation. Politicians do everything to remain in power. They will take every measure to get more and more of the Islamist vote. The rise of Islam as a religion in Europe will result in European nations being less peaceful like India. The end result is more and more demand for hard assets. Only “E asset class” (electronic asset class like bitcoins) can give a challenge to hard assets.

TECHNICAL VIEW

COMEX GOLD DECEMBER 2014 – current price $1229.40

Bullish over $1223 with $1238.10 and $1258.80 price target

Bearish below $1215.00 with $1206.10 and $1199.00 as price target

Neutral Zone between $1215 and $1223

  • Gold needs to trade over $1223 to rise to $1248 and $1266
  • There will be sellers only if gold trades below $1223 in US session in case gold does not break $1243 today.

MCX SILVER DCEMBER 2014 – prices in Indian rupees below

There are two technical possibilities after the FOMC meet (a) Failure to break 39600 by Monday will result in a fall to 36875 and 35807 first (B) A break of 39600 by Monday will trigger the next set of rise to 41250 and 46814.

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: Wednesday, 29 October 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.