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

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

CFTC refuses to address GATA's questions about gold and silver market rigging
By: Chris Powell

Trump’s Dilemma And Refuting The Gold/Yuan Peg Theory
By: Dave Kranzler

Eagle Plains Completes Royalty Agreement with Denison Mines
By: Eagle Plains Resources Ltd.

While The Bulls Fiddle With The 'Fundamentals,' Rome Burns
By: Avi Gilburt

Let Your Own Eyes Interpret This Chart
By: Rick Ackerman

Does Flat CPI in November Imply Flat Gold?
By: Arkadiusz Sieron

Yellen Warns Another Financial Crisis Is Brewing
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Gain with Stocks
By: Chris Mullen, Gold Seeker Report

A Certain Perspective
By: Michael Ballanger


GoldSeek Web

Asian Metals Market Update: Sep 15, 2016

By: Chintan Karnani, Insignia Consultants

 -- Published: Thursday, 15 September 2016 | Print  | Disqus 

The direction of the US dollar will affect bullion. Gold and silver are still not out of the bear shadow. However one needs to look for signs of a trend reversal. Investor sentiment in gold and silver in Asia is getting bearish. Medium term gold investors in Asia (in my view) have postponed their gold investments on expectation of a sub $1000 after the US presidential elections. However I still expect gold and silver to restart another bull run after the FOMC meet next week. A December interest rate hike by the Federal Reserve has already been factored in by the markets. So any confirmation of a December interest rate hike will not cause a selloff in gold and silver.


US economic data releases start from today and will affect metals and energies. Some of you are long in crude oil between $46-$47. All I can say is that crude oil needs to trade over $41.60 till 23rd September to rise to $49.00. If crude oil trades below $41.60 after 23rd September, then chances of $36.60 and $31.90 will be very high by 18th October.


COMEX GOLD DECEMBER 2016 – current price $1327.30

Bullish over $1321.10 with $1336.10 and $1348.30 as price target

Bearish below $1317.60 with $1312.80 and $1307.60 as price target.

Neutral Zone between: $1317.60-$1321.10

  • There are two possibilities till next Thursday (a) Gold manages to trade over $1296 then it can rose to $1414 and $1476 in the short term (b) Gold does not break $1371 by next Thursday, then chances of a fall to $1286 and $1211 will be very high.
  • A daily close below $1319 today and tomorrow will be bearish for next week.
  • Right now gold either rises $15 or else it will fall $30.
  • Jobbers watch $1328 today.

MCX GOLD OCTOBER – prices in Indian rupees below

Key support is at 30840 with 31225 as key resistance. Big one wave moves will be there either on a fall below 30840 or on a break of 31225. One needs to remain on the sidelines today. However a sell off to 30660 and 30390 will be there in case gold does not break 31460 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."


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 ‘s

Chat Id: (gtalk), (yahoo)

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


| Digg This Article
 -- Published: Thursday, 15 September 2016 | 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.