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 Closing Report: Gold and Silver Fall While Stocks Edge Higher
By: Chris Mullen, Gold Seeker Report

Michael Pento: Epic Stock Market And Fixed Income Bubble Will Not End Well
By: Mike Gleason

100% Bullish Signal for Precious Metals Sector
By: Przemyslaw Radomski, CFA

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

SWOT Analysis: Is Gold Set to Rise in 2018?
By: Frank Holmes

The Process Through Which the First Major Central Bank Goes Bust Has Begun
By: Graham Summers

The Dow Gold Ratio
By: Rambus

Friday’s COT Report: A WTF Moment For the Ages?
By: Ed Steer

Finally, Gold Speculators Start To Bail, Setting Up A Big Q1 2018
By: John Rubino

Gold Demand in the Singapore Bullion Market
By: BullionStar

 
Search

GoldSeek Web

 
Asian Metals Market Update: October-27-2017



By: Chintan Karnani, Insignia Consultants

 -- Published: Friday, 27 October 2017 | Print  | Disqus 

European central bank chief taper comments and Spain let down the euro. Technical picture is bearish for gold and silver. Reuters survey says that most of the analysts have reduced their gold and silver forecast for next year. I am not changing my bullish views on gold and silver for next year. This year gold and silver are mainly supported by geopolitical risk. Next year I expect the South China Sea and Korean peninsula to turn into the Persian Gulf. Even if Asian demand falters next year, European demand for gold will lend support to prices. The Middle East did not turn into a war zone overnight. Events in the South China sea will move towards bad and worse. Americans will try for a regime change in the Philippines. Duterte could be removed by the American as he bents more towards the Russian and Chinese. Most of the gold bears believe that a higher global interest rate cycle will prevent gold and silver prices from a rise. The pace of rise of global interest rates will be slow next year which should cause gold bears to retreat. Trump policies will be to placate Americans before US Senate elections in around a years’ time. America people are war mongers. Wars wins elections in the current global democratic system. America will fight more wars next year than this year. Fundamentally also, global debt is at a historical high. This global debt bubble can burst anytime.

 

Tillerson says there will be a regime change in Syria and that Assad has to go. Same old words being repeated. Syria is a war between Russia and America. Assad has also been getting aid from China. If America plays its game in the South China Sea then Russia-China will thwart American interest in the Middle east and North Africa zone. Gold investment demand will only rise. Asia is a war zone between NATO versus Russia-China. Even in Indian sub-continent friends are reversing. US it seems is now a better than to India. Russia is make friendship with Pakistan to take advantage of Chinese “One belt one road: (OBOR). Chinese will never start a war in Kashmir as its OBOR will be affected. War between India and China is bound to happen but in all regions except Kashmir.

 

COMEX SILVER DECEMBER 2017 – current price $1677.70

Bullish over $1700.0 with $1729.70 and $1751.70 as price target

Bearish below $1693.30 with $1663 and $1650.30 as price target

Neutral Zone between: $1693.30-$1700.00

·         Silver will see another wave of sell off below $1671 to $1650.30 and $1641.30.

·         A daily close below $1700 today will be bearish for next week.

MCX NICKEL OCTOBER 2017 – previous day close Rs.762.70.

·         Nickel can fall to 743.80 and 726.60 as long as it trades below 769.30.

·         Buyers trade very carefully as long as Nickel does not break 795.60 till 31st October.

·         I am against short term investment as long as Nickel does not break 795.60.

(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."

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, 27 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.