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: August-29-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 29 August 2017 | Print  | Disqus 

North Korean risk is adding to the support of gold and silver bulls. Everywhere there is fear of Islamic terrorists striking anytime. The problem is not with Islam as a religion. The problem is with Saudi Arabia’s form of “Wahhabi Islam” which is very brutal and inhumane. Saudi’s are luring more and more people to practice “Wahhabi Islam” with the sole motive of ruling the world in the future. Crude oil money has ensured that Saudi’s finance the globalization of “Wahhabi Islam” in every nook and corner of world. The American politicians are happy as it keeps American arms manufacturers full of long term orders. Religious terrorism along with political terrorism will continue to lend support to gold, silver, bitcoins and other non US dollar forms of investment.


Wednesday is a big day for metals and the US dollar with US GDP numbers and August private ADP numbers. The mess of Houston is yet to be known. Houston is a big failure of the American political system. Houston tells us that American politicians work only for the rich and never for the poor masses. Manipulation of election by the American political mafia will reduce in the state elections next year and keep on reducing over the coming years.



There will be short covering and an increase in net long positions in gold and silver. Profit taking before the release of US August nonfarm payrolls will be a part and parcel of a short term bull rally. Crude oil is bearish. Copper needs to break and trade over $312.20 to attract short covering.


COMEX COPPER DECEMBER 2017 – current price $310.10

Bullish over $304.60 with $312.30 and $320.30 as price target

Bearish below $301.10 with $297.10 and $294.30 as price target

  • Copper can rise to $315.90 and $320.20 today as long as it trades over $304.60.
  • There will be a very quick rise if copper manages to break and trade over $312.30.

MCX COPPER AUGUST 2017 – previous day close Rs.431.00

Immediate resistance is at 436.40. Only a break of 436.40 will trigger another wave of rise to 444.50 and 449.50. Copper needs to trade over 425.70 till Thursday to continue its bullish trend.

(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: Tuesday, 29 August 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.