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

GoldSeek.com Radio: John Embry and Charles Hughes Smith, and your host Chris Waltzek
By: radio.GoldSeek.com

Amid Bad Fundamentals, Gold Sector Rally May Have Begun
By: Gary Tanashian

Bitcoin Proves You Cannot Have Your Digital Cake and Eat it Too
By: Nathan McDonald

Relief Rally in Gold Mining Stocks
By: Jordan Roy-Byrne CMT, MFTA

The Morgan Report's Weekly Perspective
By: David Morgan

Outlook for gold – 2018
By: Alasdair Macleod

Stephen Poloz Right To Be Worried
By: Peter Diekmeyer

The Yield Curve And The Boom-Bust Cycle
By: Steven Saville

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 15 2017
By: Ira Epstein

 
Search

GoldSeek Web

 
Asian Metals Market Update: Sep 27, 2016



By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 27 September 2016 | Print  | Disqus 

Just trade in the technical. Ignore the media friendly US presidential drama. Promises made before any political elections are just to make voters an emotional fool. Tears shed before any political elections are crocodile tears. Whether its India, Europe or America, politicians are the same breed. They are there to loot you. The bigger the looter the greater generally is the margin of victory.

 

Incoming US economic data releases (this week and next week) should support the case for a December interest rate hike. If numbers are weak, then gold and silver will zoom. Indian demand for gold and silver is expected to rise from Sunday. However if Indian demand disappoints in October, then gold and silver could move into another medium term bearish phase.

 

A big on Pakistan – India-China relationship.

The current India-Pakistan situation is like nearing a war front. I believe that the world is paying Pakistan’s army and Pakistan’s religious heads to be the terror hub of world. Americans have been aiding Pakistan in all forms. Organization of Islamic States (OIS) has been supporting Pakistan financially and otherwise to unleash terror in India and also attract more and more Indian Muslim youths towards Islamic extremism. Every year a number of so called news reporters and politicians vanish in Pakistan without any clues. In my view Pakistani religious heads and the Pakistani army are just propaganda machine of NATO and their Islamic allies. (The people of India and the people of Pakistan want fearless friendship but for Pakistani religious heads).

 

Now the USA has created an India-China rift in the south china sea. The Americans have no right in the South China Sea or the Indian Ocean. They have just created the Chinese fear factor in nations having interest in South China Sea with an intention to take protection money from these nations and also see outdated arms and ammunition from NATO. The best example is India buying Rafales fighter jets at exorbitant prices due to the Chinese syndrome. Three big nations, Russia, India and China if united can rule the price of everything globally. The economic synergies which if tapped to the potential can result in a closed economic zone. (No export or imports from any nation just buying and selling everything between themselves). This even Americans know. Hence the recent overtures to India.

 

COMEX SILVER DECEMBER 2016 – current price $1950.20

Bullish over $1982 with $2001 and $2032 as price target

Bearish below $1944 with $1909 and $1857 as price target

Neutral Zone between: $1944-$1982

Jobbers aggressive buy over: No call

Jobbers sell below: Sell if and only if silver trades below $1943 either in the UK session or the US session stop loss $1962 for $1927 and $1911.

  • Silver needs to trade over $1943 to prevent a fall to $1912 and $1877
  • A daily close below $1943 today will be bearish for tomorrow.
  • Trade very carefully between $1930-$1970 zone.

MCX SILVER DECEMBER 2016 – PRICES IN INDIAN RUPEES BELOW

Silver needs to trade over 45810 till Friday to once again target 47825. Initial support is at 46207. There will be another wave of selling only if silver trades below 46207 to 45810 and 45278. Technically bearish. I am against buying unless it trades over 46800 today with a stop loss of 46532 and a price target of 47117. (trade for small profits today in silver as movement will be two way).

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: Tuesday, 27 September 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.