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

For Clues On The Economy, Follow The Money
By: Dave Kranzler

Zinc One Announces Approval of Permit for 124 Drill Platforms on the Bongará Zinc Mine Project, Peru
By: Zinc One Resources Inc.

Yet Another Reason The Tax Bill Stinks
By: Rick Ackerman

Gold Seeker Closing Report: Gold and Silver Trade Mixed With Stocks
By: Chris Mullen, Gold Seeker Report

Gold And Cryptos Destroy Fiat
By: Stewart Thomson

Mike's New Crypto Documentary And Large Silver Purchase
By: Mike Maloney

CPM Group’s Jeff Christian Responds “NEGATIVELY” To The SRSrocco Report On Silver Investment Demand
By: Steve St. Angelo

Low Silver Price Creating Buying Opportunities; SilverCrest Preparing for Maiden Resource
By: Nicholas LePan, SilverSeek.com

Bitcoin Hyper-Deflation, Gold and Silver Report
By: Keith Weiner

Cryptojunkies: Beware the Ides of December
By: Michael Ballanger

 
Search

GoldSeek Web

 
Asian Metals Market Update



By: Chintan Karnani, Insignia Consultants

 -- Published: Monday, 3 November 2014 | Print  | Disqus 

The sentiment towards gold and silver is hyper bearish. People like me are trying to gauge the price at which hyper demand (investment and jewelry sales) can lift the sagging sentiment of gold and silver. Investors are a vanished lot in gold and silver however they can return for the short term if gold is able to trade over $1140 and silver is able to trade over $1465. Technically there will be the next big wave of selling if gold trades below $1140 (after US October nonfarm payrolls) and silver trades below $1465 (after US October nonfarm payrolls). Till gold does not fall below $1140 and silver does not fall below $1491, short sellers need to be a bit careful.

Europeans and Americans constitute bulk of the Islamic state jihadist. I foresee “Pakistanisation of the United Kingdom” and “Islamisation of Europe” very quickly over the next few years.  The UK has openly allowed Islamist jihadist to raise money for their cause. The UK is the global hotbed for terror funding. Obviously the MI’s and others know it and also support some of these Islamic terror organizations. The “Pakistanisation of the United Kingdom” and the “Islamisation of Europe” implies a less peaceful Europe and a move towards trade protectionism. These are all hyper bullish for gold and silver in the long term. Geopolitics will later than sooner come to the rescue of bullion. However for now there is room for gold and silver to fall further.

TODAY

Momentum is still bearish in all commodities. A slow in Chinese manufacturing growth can result in silver trading with a softer bias for a longer time than most of us expect.

TECHNICAL VIEW

COMEX SILVER DECEMBER 2014 – current price $1597.50

The next big wave of selling will be there only below $1465 to $1243 and $1172. As long as silver does not break $1465, short sellers need to be careful. Today silver needs to trade over $1605 to be in a bullish zone.

COMEX COPPER DECEMBER 2014 – current price $304.85

Bullish over $304.10 with $309.10 -$313.60 as price target

Bearish below $302.80 with $300.80 and $298.60 as price target

Neutral Zone between: $302.80-$304.10

  • Copper needs to trade over $302 today to rise to $309 and $312
  • Jobbers watch $305 all the time.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $80.39

Bullish over $81.10 with $82.30-$84.10 as price target

Bearish below $79.40 with $78.70 and $77.10 as price target

  • Crude oil needs to trade over $79.20 to rise to $82.85 and $84.70
  • There will be another wave of selling below $79.20 or in case crude oil does not break $82.85 by tomorrow.

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: Monday, 3 November 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.