LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

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

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA


GoldSeek Web

Asian Metals Market Update: October-4-2016

By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 4 October 2016 | Print  | Disqus 

Gold and silver once again seem to be manipulated by the NATO central banks. The second era of global cold war has begun. USA and Russia have severed ties. Russia is making friends with more and more nations which were earlier the domicile of Americans. The best example is Russia trying to forge closer ties with Pakistan. The new president of Philippines wants to be friends with Russia and China and ignore the American dictats. Europe is in my view is just a few years away from a big civil war. American control of Europe is falling and will be negligible by the end of the decade. The Arab invasion of Europe is changing everything.


Changes in global society and new cartel among nations will ensure that gold moves away from then NATO manipulation. However it is difficult to tell the timeframe. Global central banks are ensuring that retail investors just get glued to interest rate factors and is one of the key reason why gold is falling. I have my doubts over sustainability of American hiring numbers. When it will seem that a top has been formed in American jobs creation gold and other safe havens will zoom.


Movement will be two way. Technically gold and silver are still bearish. Gold needs to trade over $1296 till Friday to be in a bullish zone. Silver needs to trade over $1830 for the rest of the month to prevent it from moving into a medium term bearish phase. Crude oil is at an infection point where it either breaks $53 in the next two weeks or it will breakdown to $37.60.


COMEX GOLD DECEMBER 2016 – current price $1311.40

Bullish over $1323.30 with $1327.10 and $1332.60 as price target

Bearish below $1316.60 with $1307.60 and $1287.00 as price target.

Neutral Zone between: $1316.60-$1323.30

  • Gold can fall to $1296.10 and $1271.10 in case it does not break $1333 by Friday.
  • Trend is bearish. But another wave of sell off if gold falls below $1307.
  • Jobbers watch $1307 and $1319 today.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $48.56

Bullish over $46.70 with $48.80 and $50.40 as price target

Bearish below $45.40 with $43.90 and $42.40 as price target

  • Crude oil can rise to $49.80 and $52.20 as long as it trades over $46.70
  • There will be sellers only below $47.40 or in case crude oil does not break $49 today.
  • A daily close over $48.70 today and tomorrow will be very bullish for crude oil.

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: Tuesday, 4 October 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.