-- Published: Tuesday, 14 November 2017 | Print | Disqus
Political developments in the UK will be the key for gold prices. It seems NATO politicians are getting into the habit of blaming the Russians for their election losses. These are just baby steps towards a long term full-fledged armed conflict. Theresa May blaming Russians for her political misery is just another failed diversionary political tactic. The UK has more Asians. Asians are not idiots like Americans where Russian ghost works in everything.
The gold will price be dependent on interest rate expectations for next year. December’s interest rate hike is more or less factored in by the markets. The number of interest rate hikes will be dependent on nonfarm payroll numbers and inflation numbers. I do not expect a significant increase in American basic wages next year. Cost of living will only rise next year. The net result will be an increase in the dissaving rate in USA next year also. Minimum two interest rate hikes will be there by the Federal reserve next year under a worst case scenario. The US needs a nonfarm payrolls over 170,000 every month next year for four interest rate hikes.
COMEX SILVER DECEMBER 2017 – current price $1700.90
Bullish over $1697.60 with $1715.70 and $1734.60 as price target.
Bearish below $1686.30 with $1675.90 and $1639.60 as price target.
· Silver can rise to $1731 as long as it trades over the $1680-$1690 zone.
· Sellers will be there below $1680.
MCX NATURAL GAS NOVEMBER – previous day close Rs.210.60
· Resistance is between the 214.50-215.20-216.80 zone.
· Trend is bullish. But only a break of the 214.50-215.20-216.80 zone will trigger another wave of rise to 233.40 and 248.50 in the short term.
· Key support is at 204.70. Bearish trend will remerge on a fall below 204.70.
(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: Tuesday, 14 November 2017 | E-Mail | Print | Source: GoldSeek.com
