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Asian Metals Market Update: August 15-2016

By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 16 August 2016 | Print  | Disqus 

Silver’s demand in India over the next ninety days will determine whether prices can rise to $50.00 by January 2017 or not. There is a silver lining in every second of our lives. Silver is there in mobile phones to water purifiers to air purifiers to air conditioners to solar electricity. But this demand in the short term is already discounted and is the key reason why I expect silver to be an inert metal in the next decade. In the short term, Indian silver jewelry demand and Indian silver gift demand should have a big demand on global prices. I believe that one should invest more in silver if prices fall in the next thirty days. Technically silver is bullish as long as it trades over $18.00.


Retail investors are not focusing on the rapid Islamisation of Europe and the USA and the long term consequences. For example, there is an increasing demand for “burkas” in Europe and the USA. Companies which manufacture “burkas” have a better long term share price rise prospects than garment companies which do not make “burkas”. The Islamistion of Europe and the USA will imply less alcohol consumption. I can write endless pages on how Islamisation will affect traditional catholic nations. Long term stock investment strategies will have to be based on changes caused by Islamisation, all over the world and not just limited to Europe and the USA. Gold will be a sure shot winner. If you are less worried of fifteen percent to twenty corrections then invest in gold even at current prices. The likes of Goldman, JP Morgan and central banks controlled hedge funds will still prevent gold prices from zooming. But they will also buy gold if their manipulative spirit becomes a ghost.


Politicians with an attitude to serve people are never elected. Donald Trump is a genuine leader for world peace and prosperity. It is sad that republicans have started revolting against their own candidate. As a gold bull, Hillary Clinton as the next American president can result in gold prices rising over $3000 before she completes her first term. She is a leader who supports mass genocide but something which will never get reported. The media under the Clintons will be just a propaganda machine which itself will be bullish for gold.


Gold has another chance to rise to $1371 and $1396 as long as it trades over the $1327-$1333 zone. Silver needs to trade over $1960 to prevent further selling. Crude oil is looking bullish at the moment. Copper is bearish. However price movement will be two way.


COMEX DECEMBER 2016 – current price $1352.00

Bullish over $1341.10 with $1360.70 and $1376.30 as price target

Bearish below $1326.60 with $1321.10 and $1313.70 as price target.

Neutral Zone between 1326.60-$1341.10

  • Gold has another shot at $1376.30 and $1409.30 as long as it trades over $1316-$1329 zone.
  • Remain on the sidelines despite the bullish direction.
  • Jobbers watch $1350 all the time.

COMEX SILVER SEPTEMBER 2016 – current price $1993.30

Bullish over $1974 with $2029 and $2076 as price target

Bearish below $1949 with $1936-$1919 & $1888 as price target

Neutral Zone between: $1949-$1974

  • Silver will see massive short covering if it manages to trade over $2000 either in the UK session or the US session.
  • Initial support is at $1974. There will be sellers only below $1974.
  • Movement can be two way. Trade carefully.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $45.47

Bullish over $43.60 with $46.33 and $48.26 as price target

Bearish below $42.00 with $40.90 and $39.10 as price target

  • Crude oil has the best chance to rise to $54 by the first week of September as long as it trades over the $40-$43 zone.
  • Initial support is at $43.60.

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.

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