Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

GoldSeek Radio: Harry S. Dent Jr. and Bob Hoye, and Chris Waltzek

Your Comprehensive Crash Survival Guide
By: Clive Maund

European Threats
By: John Mauldin

Yet Another Trillion-Dollar Unfunded Liability: WHY California Is Burning
By: John Rubino

Gold And Silver Prices Rise As The Markets And Oil Decline
By: Steve St. Angelo

BIS gold swaps fall in November but bank continues secret trading
By: Robert Lambourne

Listen to what gold is telling you
By: Gary Savage

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 3% on the Week While Stocks Drop Nearly 5%
By: Chris Mullen, Gold Seeker Report

Gold Stocks Acting as They Should During Market Stress
By: Gary Tanashian

Craig Hemke Warns of Fraud in Fractional Reserve Precious Metals Markets…
By: Mike Gleason


GoldSeek Web

Asian Metals Market Update

By: Chintan Karnani, Insignia Consultants

 -- Published: Monday, 30 November 2015 | Print  | Disqus 

COMEX FUTURES REPORT – trade prepare for December FOMC.

Gold has fallen so far this year. A US interest rate hike has been the sole factor for gold’s demise this year. The Federal Reserve will in almost all certainty raise interest rates in December. Investment demand for gold has been negative this year. In the first half of 2016, the pace of US interest rate hikes will be one of the main factors to watch. The pace of US interest rate hikes will be dictated by (a) Monthly employment numbers (b) Direction of US economy. In 2016 Middle East risk and geopolitical risk have an impact only if they lead to a war between NATO and Russia. The progress of the Islamic state will not have any impact on currency markets and commodity markets as we know that they are supported by NATO.

In the second half of 2016, the great US election show will affect metals markets and currency markets. Skeptics say that the Chinese economy will see another flop year in 2016. A flop Chinese economy will also be a flop show for industrial metals, silver and gold. I have a different view. The measures taken by the Chinese government to restart higher economic growth this year will start bearing fruit next year. Industrial metals and silver and gold will see a long term bottom by June 2016. However it will be difficult to judge the short term pace of rise and pace of fall in metals and energies for the next twelve months.

A new invention suggests that gold could be used to generate solar electricity. Transparent glass windows in the future will be using gold to generate solar electricity. These gold based transparent glass windows will change the global concrete jungle. In the very long term gold could become an inert metal if new uses are made available to the common man. In the short term investors are made to think that gold is a rotten egg investment.

In December gold needs to trade over $1010 to prevent a big sell off. In December silver needs to trade over $1272 to prevent a big sell off.

Bottom fishers will be very active in commodity markets. They will try to look for a bottom to invest. I expect the Federal Reserve to have a hawkish tone (after December’s interest rate hike) on US interest rate direction.


COMEX GOLD FEBRUARY 2016 – current price $1052.80

Bullish over $1065.90 with $1071-$1079.30 and $1086.90 as price target

Bearish below $1058.10 with $1049.10-$1044.90 and $1033.60 as price target

Neutral Zone between $1058.10-$1065.90

Jobbers aggressive buy over: Buy at $1031-$1033 stop loss $1019 for $1060 and $1079

Jobbers sell below: Sell if and only if gold trades below $1044 stop loss $1049.10 for $1037.10-$1029.90

  • Key long term support is at $1044. Gold needs to trade over $1044 to prevent another wave of selling to $1033 and $1010.
  • Oversold conditions exist. There can be trend reversal anytime.
  • The region between $1033 and $1044 is an anything can happen zone.
  • There will be short covering only if gold manages to trade over $1065.

COMEX SILVER MARCH 2016 – current price $1400.50

Bullish over $1372 with $1413-$1429-$1456-$1492 as price target

Bearish below $1355 with $1316 and $1272 as price target

Neutral Zone between: $1355 and $1372

Jobbers aggressive buy over: Buy at $1344 stop loss $1322 for $1413-$1455

Jobbers sell below: Jobbers remain on the sell side as long as silver trades below $1413.

  • Key weekly support is at $1355 with $1470 as the key weekly resistance.
  • Big one way moves only either on a break of $1470 or on a fall below $1355
  • Right now silver is in a neutral zone to bearish zone.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $41.84

Bullish over $40.20 with $44.70-$47.60 as price target

Bearish below $38.90 with $37.70 and $36.10 as price target

Jobbers buy over: Buy at $39.60 stop loss $38.60 for $43.50-$44.50

Jobbers sell below: Selling only if crude oil trades below $41.40 stop loss $42.20 for $40.60 and $39.80

  • Failure to break $46 by next week will result in a fall to $38 and $34 first and then another wave of rise.
  • Jobbers watch $39.90 and $42.30.

COMEX COPPER MARCH 2016 – current price $204.80

Bullish over $203.10 with $208.60 and $213.60 as price target

Bearish below $199.00 with $196.60-$189.60 as price target

Neutral Zone between: $199.00 and $203.10

  • Key monthly support is at $189.60. Copper needs to trade over $189.60 in December to rise to $220 and $243.80.
  • Big crash in copper below $189.60. However momentum for copper is bearish.

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."


Follow us on Twitter @insigniaconsul1

UK session starts around 2:30 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories

US session starts at 7pm pm Indian Standard Time (+5:30 GMT)




Customer care: 9311139549

You can also mail your queries at

Chat Id: (gtalk), (yahoo)

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

| Digg This Article
 -- Published: Monday, 30 November 2015 | E-Mail  | Print  | Source:

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


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of 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 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, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.