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 Radio: John Embry and Charles Hughes Smith, and your host Chris Waltzek

Amid Bad Fundamentals, Gold Sector Rally May Have Begun
By: Gary Tanashian

Bitcoin Proves You Cannot Have Your Digital Cake and Eat it Too
By: Nathan McDonald

Relief Rally in Gold Mining Stocks
By: Jordan Roy-Byrne CMT, MFTA

The Morgan Report's Weekly Perspective
By: David Morgan

Outlook for gold – 2018
By: Alasdair Macleod

Stephen Poloz Right To Be Worried
By: Peter Diekmeyer

The Yield Curve And The Boom-Bust Cycle
By: Steven Saville

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Roughly 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 12 15 2017
By: Ira Epstein


GoldSeek Web

Asian Metals Market Update: September-27-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 27 September 2017 | Print  | Disqus 

Mutual funds will be allowed to trade in the Indian commodity markets in the next six months. This is a sign of the maturity of Indian commodity markets. Indian commodity markets started in 2003 and has overcome a number of hurdles to get at par with developed nations. Options are being gradually started in metals and will slowly move onto to other commodities. Fading trading volumes due to demonetization and bucketing are a thing of the past now. Volumes will now zoom in all commodities trading in India. Indian’s who mostly have a preference to stocks should now look at commodities to invest. Starting with five percent of your portfolio and gradually increasing to fifteen percent over the next year. Silver is the least risky bet in the metals sector. One can start investing in silver at current prices in small amounts and increase investment in silver on any ten percent fall (if any). Gold is always evergreen.


Ups and downs in North Korean risk will dictate gold and silver. Crude oil looks bullish and looks headed for $60 in the near term. War of words with no action in North Korea will not affect financial market anymore. Stronger physical demand of gold and silver in Asia should ensure that the overall firm trend remains in intact. A sharp correction in gold and silver from here on should be used to invest.


COMEX SILVER DECEMBER 2017 – current price $1685.40

Silver needs to trade over $1657.40 till next week to rise to $1779.40 and $1840.90. The next wave of sell off will be only below $1657.40. Those who are long in silver use a trailing stop loss below $1588.60. Buy/sell stop loss of $50-$60 can be hit on any kind of news from North Korea. So it is preferable to increase the stop loss levels. If one cannot take a high stop loss risk in the futures market, then one should buy/sell in physical market.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $52.03

Bullish over $51.40 with 52.80 and $54.20 as price target

Bearish below $50.60 with $49.80 and $49.20 as price target

Trading strategy:  Buy at $50.90 stop loss $49.80 for $55.10

  • Key resistance is at $52.70. There will be a technical breakout over $52.70 to $54.60 and $56.20.
  • On the lower side as long as crude oil trades over $50.90, downside risk will be limited.

MCX CRUDE OIL OCTOBER – previous day close Rs.3402

Crude oil can rise to 3476 and 3589 as long as it trades over 3364. Sellers will be there only below 3364. In case crude oil continues to rise after the release of US weekly crude oil inventories then 3811 is the short term target.

(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, 27 September 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.