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: June-28-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 28 June 2017 | Print  | Disqus 

The IMF joins the list of anti-Trump support group as it cut its outlook for the U.S. economy, removing assumptions of President Donald Trump’s plans to cut taxes and boost infrastructure spending to spur growth. The IMF reduced its forecast for U.S. growth this year to 2.1 percent, from 2.3 percent in the fund’s April update to its world economic outlook. IMF also cut its projection for U.S. growth next year to 2.1 percent, from 2.5 percent in April. These projections will be prone to revision. However any reduction in US economic growth will be bullish for gold, silver and metals.


Trump joins his predecessors as he attempts regime change in Syria without any evidence. The charge is that Syria possesses chemical weapons. There are a lot of household chemicals (including off the shelf available home pesticides) which can be used by anyone as a weapon. So basically Trump’s message is that the people of Syria and of the world do not have the right to own chemicals for household need. An American president will be an American irrespective of the person. All American presidents love war and support war. The business motive behind Syrian regime change is to sell gas from American shale output to Europeans and Asians. American goods and service are the most expensive in the world. They will surely zoom the natural gas prices (just like crude oil from $18 to $147). I look at American war mongering policy as bullish for bullion in the very long term. A ten percent allocation to physical gold (not gold jewelry) is the need of the hour. But if you have purchased gold or intend to purchase gold, then forget about gold returns till 2019 as real and fascinating returns will start from the end of 2019.


Over the years I have always advised clients to reinvest the profit from futures trading in metals, energies and equities into physical gold and land (not apartments). I still continue to maintain the same. But health insurance cover needs to be significantly increased. Health insurance cover needs to be constantly upgraded with every rising healthcare cost. To Indians I will recommend a health insurance cover of over Rs.20 lac per person as soon as they cross thirty years.


COMEX SILVER JULY 2017 – current price $1673.80

Bullish over $1642 with $1692.20 and $1737 as price target

Bearish below $1620.20 with $1612.20 and $1580.40 as price target

Neutral Zone between: $1620.20-$1642.00

·         Initial resistance is at $1678. There will be another wave of rise over $1678 to $1701 and $1737.

·         Sellers only if silver trades below $1661 either in the UK session or the US session.

·         Jobbers watch $1678.

MCX SILVER JULY 2017 – previous day close Rs.38355

Silver can rise to 38928 and 39367 today as long as it trades over 38049-38251 zone. Sell off only in case silver does not break 38928 today. Trend is bullish.

(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 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: Wednesday, 28 June 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.