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

Gold Seeker Closing Report: Gold and Silver End Mixed
By: Chris Mullen, Gold Seeker Report

Looking Forward to Gold's Next Rally
By: Craig Hemke

New book, 'American Default,' examines dollar devaluation, gold confiscation of 1933
By: Chris Powell

What’s Next for Gold
By: Jordan Roy-Byrne CMT, MFTA

Gold: A $100 Price Sale
By: Stewart Thomson

Gold Market Charts – May 2018
By: BullionStar

Blockchain Will Completely Revolutionize How We Mine Gold and Precious Metals
By: Frank Holmes

Is Oil About To Become Front-Page News? “A Glut That Held Prices Down For Years Is Essentially Gone”
By: John Rubino

Jack Chan's Weekly Precious Metals Update
By: Jack Chan

Mayday, Mayday, Gold Is Sinking!
By: Arkadiusz Sieron


GoldSeek Web

Asian Metals Market Update: October-09-2017

By: Chintan Karnani, Insignia Consultants

 -- Published: Monday, 9 October 2017 | Print  | Disqus 

North Korean tensions are once again to the fore. I always believe that natural calamity are short term pains but long term gains for any nation. Reconstruction and relief efforts create more jobs for the low skilled workers than under normal days. Storms and hurricanes in the nation surrounding the Gulf of Mexico will create more jobs than before. At the end of the day low skilled job creation is something which every nation lacks. Nature will do its job in America more than its politicians. Demand for industrial metals always rises after a natural calamity in any part of earth.


Focus will shift to pre- election moves in Japan and political changes in the UK due to a continued delay in time for Brexit. Asian demand for gold and silver will also be the key this week. In India the festive season gets over in two weeks. Low Indian demand can result in further losses for gold. In my view gold smuggling into India from Gujrat ports is very high. Elections in Gujrat over the next few months should reduce gold smuggling from the state. Reduced gold smuggling in India will result in higher official gold imports in India.


US economic data releases will affect the markets if and only if any of them tell us that a December interest rate hike may not be there. FOMC minutes this week should be ignored unless softer growth is projected. Global political and economic factors will dictate prices of metals, energies and currency markets. Saudi Arabia shaking hands with Russia should be another reason to invest in gold for the long term. 


COMEX SILVER DECEMBER 2017 – current price $1697.10

Bullish over $1663.20 with $1714.50 and $1745.50 as price target

Bearish below $1643.20 with $1621.50 and $1612.50 as price target

Neutral Zone between: $1663.20-$1643.20

·         Initial resistance is at $1701. There will be another wave of rise over $1701 to $1708 and $1736.50.

·         Silver will see short covering if it trades over $1708 today.

·         Trend is bullish.

·         Key weekly support is at $1663.20

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: Monday, 9 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 - 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.