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

For Clues On The Economy, Follow The Money
By: Dave Kranzler

Zinc One Announces Approval of Permit for 124 Drill Platforms on the Bongará Zinc Mine Project, Peru
By: Zinc One Resources Inc.

Yet Another Reason The Tax Bill Stinks
By: Rick Ackerman

Gold Seeker Closing Report: Gold and Silver Trade Mixed With Stocks
By: Chris Mullen, Gold Seeker Report

Gold And Cryptos Destroy Fiat
By: Stewart Thomson

Mike's New Crypto Documentary And Large Silver Purchase
By: Mike Maloney

CPM Group’s Jeff Christian Responds “NEGATIVELY” To The SRSrocco Report On Silver Investment Demand
By: Steve St. Angelo

Low Silver Price Creating Buying Opportunities; SilverCrest Preparing for Maiden Resource
By: Nicholas LePan, SilverSeek.com

Bitcoin Hyper-Deflation, Gold and Silver Report
By: Keith Weiner

Cryptojunkies: Beware the Ides of December
By: Michael Ballanger

 
Search

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."

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: Friday, 27 January 2017 | 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.