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 Weekly Wrap-Up: Gold and Silver Gain Roughly 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 12 1 2017
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - December 15, 2017
By: GoldSeek.com

Gold Bullish on Fed Hike 2
By: Adam Hamilton, CPA

Europe, Brexit and the credit cycle
By: Alasdair Macleod

WGC: 2018 Set To Be A Positive Year For Price of Gold and Investors
By: GoldCore

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

Basing Phase Ending
By: Gary Savage

AlphaZero for President
By: George Smith

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

 
Search

GoldSeek Web

 
Asian Precious Metals Update: June-1-2016



By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 1 June 2016 | Print  | Disqus 

Gold needs to fall below $1206 or break and trade over $1234 for direction.

Either gold breaks and trade over $1234 by Friday or else it will breakdown to $1197 and $1174. Gold is now at cross roads. Silver is looking mildly bearish and needs to trade over $1588 to prevent a big crash. Crude oil needs to trade over $48.30 to continue its bullish run. I prefer to wait and watch before going long in copper.

 

US may private ADP numbers may or may not set the direction for gold and silver. There are a lot more events this month to effect short term direction. In the very long term I remain bullish on gold and silver. However in June, I prefer to be fence sitter. June is a month where you can make big money or loose big money. The choice is yours which side you want to be. There will be times when one needs to make a quick decision. There will be times when patience will be the key. Every day trading situation will be different in June. Situational decision making on your trades will be the key.

 

Do not go buy news on the internet. One day citi bank says gold prices will fall to $1000 and below in the near term. Then after a week, Citibank says that it is a right time to invest in gold. Gold crashes after the news that the big three Soros, Buffet and Rogers are investing in gold. Investors have got confused on their gold investment. This is further accentuated by indirect manipulation of gold prices. Federal Reserve interest rate stance negatively affecting gold prices. As long as Federal Reserve does not raise interest rates twice, gold prices will be (to a certain extent) at the mercy of Federal Reserve. In short term central banks are accumulating gold whereas they are compelling retail investors to shun gold.

 

COMEX SILVER JULY 2016 – current price $1600.00

Bullish over $1607 with $$1647and $1676 as price target

Bearish below $1588 with $1569 and $1544 as price target

Neutral Zone between: $1588-$1607

Jobbers aggressive buy over: Buy at $1570 stop loss $1549 for $1647 and $1696

Jobbers sell below: High risk traders sell silver at $1660 stop loss $1696 for $1588 and $1555.

·        There is a tecnical congestion between $1588-$1607 zone. Big crash only if silver trades below this zone either in UK session or US session.

·        Today I prefer to remain on the sidelines despite the bearish trend.

·        Jobbers watch $1617 and $1598 all the time.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $48.76

Bullish over $48.60 with $51.70 and $53.80 as price target

Bearish below $46.90 with $45.10 and $42.70 as price target

Jobbers buy over: Buy at $48.60 stop loss $46.80 for $52.20

Jobbers sell below: Sell at $53.10 stop loss $55.80 for $49.10

·        I am against buying crude oil unless it breaks and trades over $50.60.

·        There will be a sell off if crude oil trades below $48.40 either in UK session or US session.

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 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)

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

Customer care: 9311139549

You can also mail your queries at ‘s

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, 1 June 2016 | 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.