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: Jan-27-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Friday, 27 January 2017 | Print  | Disqus 

The next three days are very crucial for gold and silver despite the current bearish technicals. Crude oil is bullish. Copper is in a neutral zone.  Physical demand for gold and silver has been below expectations (despite the Chinese New Year). In the short term the direction of the US stock markets and the trend of the US dollar will dictate gold and silver prices. Copper and crude oil prices will get swayed by demand and supply news. Traders will also start taking positions for next week’s US jobs numbers. My trading strategy is that I will prefer to look for signs of a trend reversal in gold and silver.


Why do people incur losses in commodity trading and the best way to trade.


A lot of people tell me that they have mostly lost money in commodity futures trading. To me there are two ways of trading for sustained profit making trades. (1) Be an intraday trader. At the end of the day close all open positions irrespective of profit or loss. My experience as a commodity advisor over the years has been this if followed one will end the year with a good return. (2) Be an investor. Being an investor requires large margin money. There will be roll over cost. Now a days there is no limit to amount of margin money needed.


Losses occur if one is between a day trader and an investor. Most of the traders (depending on the margin money they have) roll over the trade to the next day if it a loss making trade. On the contrary if the trade is a profit making trade, then close the position the same day. The trader of this type will make money if prices range trade. Losses tend to occur when there is a big trend reversal. There is one way price movement in the short term to medium term. For example, you are long in gold at $1321 (the day Trump is declared victorious in US presidential vote). Thereafter gold prices fall to $1124.30. The trader who is long in gold at $1321 rolls his positions the next day, the next day to next week. He panics when he’s nearly out of margin money. He starts getting sleepless nights. Out of frustration he squares off his gold long and incurs a massive loss. This strategy on an overall period of a year or two will result in net losses for everyone.


Investment in commodity futures is not for everyone as it requires patience and margin money. Investment can be done in the physical market. One cannot take delivery of crude oil, natural gas and certain industrial metals. Physical market investment can also give losses. Physical silver investments made three years ago are still at a loss.


Given the kind of news which one is getting every day and political leadership trying to shape our investment, every trader and investor need to be alert to his investment. At the end of the day, those who trade in futures, intraday trading (in my view) is a less risky than weekly trading or time bound trades.


COMEX GOLD FEBRUARY 2017 – current price $1185.55

Bullish over $1195.40 with $1204.30 and $1210.40 as price target

Bearish below $1190.30 with $1181.40 and $1176.10 as price target

Neutral Zone between: $1190.30-$1195.40

  • Trend is bearish. But there is a technical congestion between the $1171-$1182 zone. There will be a big crash to $1127 if gold falls below $1171 anytime before the 31st of January.
  • Today’s close is very crucial. Watch for weekend short covering.

MCX GOLD FEBRUARY 2017 – prices in Indian Rupees Below

Futures are closing next week. 100 week moving average at 27986 is the key support. Initial support is at 28185. Trend is down. Pullback rallies should be used to go short as long as gold does not break 28912. However gold investors should use any 750-850 fall (if any) to invest in April futures.

COMEX COPPER MARCH 2017 – current price $266.40

Bullish over $268.90 with $272.30 and $275.40 as price target

Bearish below $265.20 with $261.80 and $257.50 as price target

Neutral Zone between: $262.30-$268.90

  • Trend is neutral. But big rise only if copper manages to trade over $268.90
  • In case copper does not trade over $268.90 then it will fall to $261.80 and below.

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: Friday, 27 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.