Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 2% on the Week
By: Chris Mullen, Gold Seeker Report

COT Gold, Silver and US Dollar Index Report - October 20, 2017
By: GoldSeek.com

Ira Epstein's Metals Video 10 20 2017
By: Ira Epstein

Possibly the Most Important Thing About Gold You’ll Read All Year
By: Marin Katusa

Why central banks disagree with Gary North about gold
By: Chris Powell

Silver Stocks Comatose
By: Adam Hamilton, CPA

GoldSeek Radio Nugget: Harry S. Dent Jr. and Chris Waltzek
By: radio.GoldSeek.com

Leveraging Gold and Silver
By: James Turk

The Productivity Myth
By: Alasdair Macleod

Calm Before The Storm
By: Peter Schiff

 
Search

GoldSeek Web

 
Asian Metals Market Update: October-13-2017



By: Chintan Karnani, Insignia Consultants

 -- Published: Friday, 13 October 2017 | Print  | Disqus 

The focus is on Bitcoin as it edged past $5000 and shows no sign of correction. Gold and silver are firm. It is just a technical trade. No one is taking seriously US economic data releases due to hurricane impact. Focus will shift to Japanese elections on 22nd October, Chinese communist party meet and demand. Short term traders are investing into Bitcoin and other forms of crypto currencies. Gold and silver will not attract short term hot money. Most of the investors in gold and silver are medium term to long term. The rally in gold and silver is on solid fundamentals.

 

Some of the readers might be thinking why I extensively discuss the impact of the global political situation on precious metals and currency markets. Firstly let me make it clear that my experience is that the rise of the Wahhabi form of Islam and rise of gold are synonymous. Crude oil prices fundamentally should not be more than $20. US politicians run the American arms factory. All the wars fought by USA/NATO are mainly for the profitability of US arms factory. As a result of these wars, Christianity is being replaced by Islam in Europe. A friend of mine is posted in Belgium. He says that Belgium is a mini Pakistan. There is a big shift in consumer demand behavior due to Islamic migrants everywhere. I read on the internet that more and more Sharia zones are being established all over Europe. Sharia means no consumption of alcohol, ignore the law of the land among others. At the end of the day it is the consumer demand which shapes everything. I look at clues for changes in consumer demand changes due to forced political events.

 

COMEX GOLD DECEMBER 2017 – current price $1298.50

Bullish over $1292.10 with $1302.10 and $1315.80 as price target.

Bearish below $1284.60 with $1280.40 and $1272.70 as price target.

Neutral Zone between: $1284.60-$1292.10

  • Gold will see another wave of rise if it manages to trade over $1302.10 today to $1315.80 and $1325.80.
  • Key support is at $1286.

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."

NOTES TO THE ABOVE REPORT

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)

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

Customer care/Whatsapp/Telegram: 9311139549

You can also mail your queries at ‘s

Chat Id: mcxsuretips@gmail.com (gtalk), insigniaconsultants@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 


| Digg This Article
 -- Published: Friday, 13 October 2017 | E-Mail  | Print  | Source: GoldSeek.com

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
Website: www.insigniaindia.com
Email:





 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com 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 GoldSeek.com. 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 GoldSeek.com, its affiliates or advertisers. GoldSeek.com 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 GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.