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: October-04-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 4 October 2017 | Print  | Disqus 

Gold and silver may have formed a short term bottom. Lead and zinc are the gate crashers in the positive year for industrial metals as they do not show signs of a correction. The pace of rise of lead and zinc are scary but not the rise itself. The rise of industrial metals is in sync with long term fundamentals. If lead and zinc rise another twenty percent over the next twelve months and float over the same then electric car makers will start looking for alternatives. The higher the prices of lead and zinc the greater the chances of new ground breaking technologies coming in for daily use. Nickel is still undervalued. The price of nickel has not risen due to bad fundamentals. I am most bullish on Nickel over the next eighteen months. All the negative fundamentals will change into positive fundamentals and nickel will attract every investor’s interest.


Upcoming US job numbers will decide the direction of the US dollar as well as precious metals. The next seven days are very crucial for gold and silver. Either boom or bust. I will prefer to use the current fall and further falls (if any) in gold and silver to invest for next Diwali.


COMEX GOLD DECEMBER 2017 – current price $1278.10

Bullish over $1275.20 with $1287.80 and $1299.10 as price target

Bearish below $1267.30 with $1262.80 and $1250.90 as price target.

Neutral Zone between: $1267.30-$1275.20

  • Gold gets another chance to rise to $1300 as long as it trades over the $1268-$1275 zone.
  • Sellers will be there only below $1268 today.

MCX GOLD DECEMBER – previous day close Rs.29509

  • Key support till Friday is at 29401.
  • Gold can rise to 29666 and 29964 as long as it trades over 29401.
  • Trend is down. Rise (if any) will only be a pullback rally.
  • Gains in the rupee will prevent today.
  • Crash will be there only below 29401 to 29150 and 28907

(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, 4 October 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.