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 Close Mixed with Stocks
By: Chris Mullen, Gold Seeker Report

The Powers-That-Be Were Everywhere Yesterday
By: Ed Steer

Gold and Silver Price Goals For Year End
By: Craig Hemke

GoldSeek Radio Nugget: Peter Schiff and Chris Waltzek
By: radio.GoldSeek.com

Gold and Global Financial Crisis Redux
By: Jim Willie CB

The Trade War Is Not The Problem With The Global Economy
By: Dave Kranzler

Gold Stock Bulls Gore The Bears
By: Stewart Thomson

Where are we now in the investor cycle?
By: Michael J. Kosares

The Amazing Story of Gold to Gold Stocks Ratios
By: Rambus

A Bad Moon Rising – Over Several Markets
By: Gary Christenson

 
Search

GoldSeek Web

 
Asian Metals Market Update: January-23-2018



By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 23 January 2018 | Print  | Disqus 

Trade war and protectionism across the world should be bullish for gold, silver and other safe havens. US President Donald Trump slapped tariffs on imported solar panels and washing machines, his first major trade move. Chinese solar companies will be the looser. India had also imposed anti-dumping duty on Chinese solar panels. Every nation is following a “protectionism policy” under the garb of unfair global trade practice. Retaliation will be there along with new trade blocks. Gold and safe havens will get the benefit of doubt.

 

It is time to once again take a look at Syria’s Northern borders. Turkish troops have been attacking Kurds in northern Syria. Turkey now has one the best air defense systems in the form of Russian S-400. Russia is a major player in Syria. The new Russian-Turkey axis will be a big challenge for NATO in the Syrian region. Developments in the northern Syrian region will only get worse with passage of time. Gold will also get renewed support from the developments in Syria.

 

It will be either zoom or bust scenario for gold, silver and copper in the next two weeks. One should be prepared for ten percent either side move in gold, silver and copper. I will prefer to be long in gold only on a break of key resistances. Those who are interested in going long in gold should use a trailing stop loss of $1292 and forget. Short term investment in gold is not recommended unless one is prepared to take a risk of $40. As a long term silver bull, I will prefer to use sharp dips in silver prices to invest in silver. I personally do intend to use sharp dips in silver prices (if any) to invest in physical silver for next year.

 

COMEX SILVER MARCH 2018 – current price $1704.00

Bullish over $1695.00 with $1720.40-$1735-$1756.10 as price target

Bearish below $1678.70 with $1671-$1653 and $1638.60 as price target

·         Silver will break free from $1680-$1740 trading range and form a new range.

·         One needs to remain on the sidelines at current prices.

·         Only a fall below $1680 will trigger a crash.

MCX SILVER MARCH 2018 – previous day close Rs.38979

·         100 day moving average is at 39279.

·         200 day moving average is at 39096.

·         200 week moving average is at 39261.

·         Silver will zoom if it manages to break and trade over 39279 (100 day MA).

·         Key support for the rest of the month is at 38409. Silver can rise to 40089 and 40781 as long as it trades over 38409.

·         Short term bearish trend will be there only on a fall below 38409.

·         Day traders and short term investors need to remain on the sidelines at current prices.

(prices in Indian rupees above).

HAPPY PROFITABLE TRADING

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto 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, 23 January 2018 | 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 - 2019



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


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC 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, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.