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

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

GoldSeek Radio Nugget: Charles Hughes Smith and Chris Waltzek

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

Visit the Top Blockchain and Cryptocurrency Power Hubs of the World
By: Frank Holmes

Gold’s Upside Target
By: Przemyslaw Radomski, CFA

Dollar Crisis
By: Gary Savage

What Gold Needs to Do Now
By: Rick Ackerman

Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price
By: GoldCore

Asian Metals Market Update: December-14-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain About 1% and 2%
By: Chris Mullen, Gold Seeker Report


GoldSeek Web

Asian Metals Market Update: Apr-25-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 25 April 2017 | Print  | Disqus 

North Korea is supporting gold and silver from moving into a short term bearish zone. I prefer to use the fall (if any) in gold and silver over the next two weeks to invest for the medium term to long term. US GDP numbers, US April jobs numbers (5th May) and France presidential elections (on 7th May) are there to cause a royal rumble.  Traders will be taking positions for the same. Excess positions (long and short both) will get reduced. Low risk investors will prefer to sit on cash and invest only if there is a stable road ahead.


Technical will have a role to play as the euro and cable will try to break key resistances while gold, silver, copper and crude oil will try to hold key short term supports. It will be a day traders/jobbers paradise for the next two weeks. Industrial metals will move on fundamentals.


Asian buyers will use dips in prices of gold and silver to buy more. Hindu summer marriage season begins with “Akshay Tritiya” on 28th April. Gold demand will be there on dips.


COMEX GOLD JUNE 2017 – current price $1275.40

Bullish over $1275.50 with $1283.80 and $1294.20 as price target

Bearish below $1267.10 with $1263.20-$1259.70 and $1252.80 as price target.

  • Key support is between $1259-$1267. Gold needs to trade over this zone to rise to $1318 in the short term.
  • Big crash only if gold trades below the $1259-$1267 zone.
  • Remain on the sidelines. Jobbers watch $1275.

MCX GOLD JUNE – previous day close Rs.29131

Gold needs to trade over 28940 to rise to 29360 and 29590. Big sell off only below 28940 to 28761 and 28598. Initial support is at 29056. Remain on the sidelines. Buying preferable only if gold trades over 29200 either in the UK session or the US session with a trailing stop loss.

COMEX COPPER MAY 2017 – current price $258.80

Bullish over $255.00 with $261.90 and $263.90 as price target

Bearish below $252.90 with $249.70 and $247.30 as price target

Neutral Zone between: $252.90-$255.00

  • Copper can rise to $265 as long as it trades over $252-$255 zone.
  • There will be another wave of rise if copper trades over $259 today.
  • Copper may have formed a short term bottom.

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 1:00 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories

US session starts at 6pm pm Indian Standard Time (+5:30 GMT)




Customer care/Whatsapp/Telegram: 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, 25 April 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 - 2017 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, its affiliates or advertisers. 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, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.