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

AlphaZero for President
By: George Smith

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

Asian Metals Market Update: December-15-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver End Slightly Lower
By: Chris Mullen, Gold Seeker Report

Are You Ready For The Next Rally?
By: Craig Hemke

Long Term Patterns in Stocks, Gold and Crude
By: Gary Christenson

Exploration Update: Golden Arrow’s Pescado Project
By: Nicholas LePan, SilverSeek.com

GoldSeek Radio Nugget: Charles Hughes Smith and Chris Waltzek
By: radio.GoldSeek.com

Strap Yourself In - We Are About To See Some Big Moves In Metals
By: Avi Gilburt

 
Search

GoldSeek Web

 
Asian Metals Market Update: October-18-2016



By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 18 October 2016 | Print  | Disqus 

COMEX FUTURES REPORT

Traders and investors are reluctant to go long over apprehensions of a quicker than expected interest rate hike by the Federal Reserve. If Trump becomes the US president, then US interest rates projections will be reworked. There will be chopping and churning of US treasury benches. If Clinton wins, there will be policy continuity with monthly jobs numbers dictating the trend. NATO wars, migrants problems and all other bullion positive factors have failed to have any impact so it is better if we ignore the same in the short term.

 

There is a possibility that gold and silver might have formed a short term bottom. There should be a small spike and there after further moves will be dependent on the ability to break key resistances. Mild weakness in the US dollar has also supported bullion. Jewelry markets in different parts of India have not lived up to the festive hype. There is demand but nowhere near to be called a festival demand. Fear of taxmen has also dented India’s gold jewelry demand.

 

Short term fundamental weakness is still there for gold and silver. Long term outlook is still bright. Long term traders need to have big patience as prices are not rising. Industrial metals have been outperformers this year and will attract investment demand on dips. Copper has been a laggard. However copper and nickel are my investment picks for 2017.

 

COMEX SILVER DECEMBER 2016 – current price $1762.70

Bullish over $1733 with $1783.10-$1806-$1847 as price target

Bearish below $1707 with $1678-$1635 and $1576 as price target

Neutral Zone between: $1707-$1733

Jobbers aggressive buy over: Buy at $1688 stop loss $1612 for $1966 or buy over $1771 stop loss $1757 for $1808

Jobbers sell below: I am against selling silver unless it trades below $1698 for the rest of the week.

  • Silver looks marginally bullish and can rise to $1847 as long as it trades over $1717.
  • Big crash only below $1717.
  • A daily close over $1771 today will be bullish for silver for the rest of the month.

MCX SILVER DECEMBER – previous day close Rs.41871

Today Silver can rise to 42446 and 443458 as long as it trades over 41315. Key long term support is at 39400. As long as silver trades over 39400 there is still a chance of a rise back to 48000 and 50300.

(prices in Indian rupees above)

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, 18 October 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.