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

SWOT Analysis: Gold Is Now 85 Times More Expensive Than Silver
By: Frank Holmes

Why Are Wages So Low
By: Keith Weiner

GoldSeek Radio: Dr. Raymond Moody and John Williams, and Chris Waltzek

Technical Scoop - Weekend Update September 24 2018
By: David Chapman

What Comes Next
By: Adam Taggart

China for the Trade Win?
By: John Mauldin

US/Global Stocks, Commodities, Precious Metals and the ‘Anti-USD’ Trade
By: Gary Tanashian

Central Bank Gold Purchases Now Control 10% Of The Total Market
By: Steve St. Angelo

Good, Bad and the Not-So-Ugly in Gold
By: Rick Ackerman

Gold Seeker Weekly Wrap-Up: Gold and Silver Find Modest Gains on the Week
By: Chris Mullen, Gold Seeker Report


GoldSeek Web

Asian Metals Market Update: September-29-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Friday, 29 September 2017 | Print  | Disqus 

The good thing about October is that the interest rate factor by the Federal Reserve will not be there. The next FOMC meet is on the 1st of November. The interest rate factor will not haunt gold and silver in October unless chances of a no hike are there in December. Europe and Japan will take center stage in October as Japan goes for snap polls and Germany’s politics take shape. The USA will make it to the headlines if Trump’s tax reforms turns out to be a big dud. In case the US senate does not pass the Trump tax reforms then the US dollar will nosedive in the short term.


The recovery of gold yesterday is a sign that demand is there at lower prices. Monday both India and China are closed. My experience is that whenever India and China both are closed, gold and silver either zoom or nosedive. Volatility will be high as North Korea, Trump tax reforms and global economic outlook for next year will haunt the mindset of traders and investors.


October is a month for higher Asian demand. Early Diwali in India implies November will be a lull for consumer demand and Indian economic growth. I see November as a month of political plagiarism in India. Empty mind is a devil’s workshop among the political class. But still gold demand in India should remain firm if prices fall.


COMEX SILVER DECEMBER 2017 – current price $1691.10

Bullish over $1680.10 with $1711.20 and $1738.60 as price target

Bearish below $1655.40 with $1648.20 and $1631.10 as price target

Neutral Zone between: $1655.40-$1680.10

·         Silver needs to trade over the $1648-$1680 zone till next week to rise to $1778 and $1768.

·         Crash will be there only below $1648 or in case silver does not break and trade over $1704.

·         Trade very carefully between the $1648-$1680 zone.

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: Friday, 29 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 - 2018 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.