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

GoldSeek Radio: Gerald Celente and Peter Schiff, and Chris Waltzek

Technical Scoop - Weekend Update December 17 2018
By: David Chapman

Gold Market Update
By: Clive Maund

The Misunderstood Flattening Yield Curve
By: John Mauldin

This Market Will Drive Gold in 2019...
By: Jordan Roy-Byrne CMT, MFTA

All (Political) Roads Lead To Massively Higher Government Spending
By: John Rubino

A VERY RARE SETUP: Who Will Win The Tug Of War In The Oil Market?
By: Steve St. Angelo

A Grim Forecast for the Euro -- and the EU
By: Rick Ackerman

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Less Than 1% on the Week
By: Chris Mullen, Gold Seeker Report

The Yield Curve Flattens And Bank Stocks Plunge. Here’s The Connection – And The Prediction
By: John Rubino


GoldSeek Web

Asian Metals Market Update: Jan-4-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 4 January 2017 | Print  | Disqus 

Last year it was proved that silver prices were heavily manipulated by a combination of very large and too big to fail banks. Banks are used to court cases and pay penalties. Yet they end up with massive profit on manipulation of any financial instrument. Bank rig prices when either trading volumes are low or there is lack of large retail investment or fundamentals are weak. If fundamentals are strong, then banks or any other hedge fund or a combination of banks and hedge funds will never be able to manipulate anything. I prefer to ignore silver manipulation news and trade in technical in silver in the first quarter of this year.


Silver rose sharply yesterday. If silver continues to rise today, then we should see some short term investment flows. Copper and crude oil are looking marginally bearish at the moment.


Yesterday’s trade in gold, silver and industrial metals was post holiday position squaring and rebuilding. Action begins today with US December private ADP jobs numbers. The focus of all the US economic data releases in January will be on the decoding the next interest rate hike by the Federal Reserve. I do not foresee meetings of the bank of England and the European central bank creating a significant impact on their respective currencies.


In the first quarter, key central bank policies (other than Federal Reserve) may be dictated to support the ruling political class of their respective nations. There is political turmoil or chances of a political turmoil are higher in most nations across the globe. Central bank actions and/or inactions will increase short term volatility in currency markets and stock markets.


COMEX SILVER MARCH 2017 – current price $1642.80

Bullish over $1612 with $1664 and $1734 as price target

Bearish below $1598 with $1583-$1566 and $1539.90 as price target

Neutral Zone between: $1598-$1664

·         Today’s session is very crucial for silver. If silver manages to rise today, then chances of restarting the short term bull run will be high.

·         Silver targets $1734 and $1800 as long as it trades over $1612

·         There will be a big crash only if silver trades below $1612 in the US session.

MCX SILVER MARCH – previous day close Rs.40270

There is a technical congestion between 40599 and 40886. A break of 40599-40866 zone will trigger another wave of rise to 42282 and 43331. Initial support is at 39824. Silver needs to trade over 39824 to continue its bullish zone. There will be a sell off only if silver trades below 39824 in the US session. Today’s close is very crucial for continuance of bullish zone.

(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."


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: Wednesday, 4 January 2017 | 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.