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

GoldSeek Radio: Harry S. Dent Jr. and Bob Hoye, and Chris Waltzek
By: radio.GoldSeek.com

Your Comprehensive Crash Survival Guide
By: Clive Maund

European Threats
By: John Mauldin

Yet Another Trillion-Dollar Unfunded Liability: WHY California Is Burning
By: John Rubino

Gold And Silver Prices Rise As The Markets And Oil Decline
By: Steve St. Angelo

BIS gold swaps fall in November but bank continues secret trading
By: Robert Lambourne

Listen to what gold is telling you
By: Gary Savage

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 3% on the Week While Stocks Drop Nearly 5%
By: Chris Mullen, Gold Seeker Report

Gold Stocks Acting as They Should During Market Stress
By: Gary Tanashian

Craig Hemke Warns of Fraud in Fractional Reserve Precious Metals Markets…
By: Mike Gleason

 
Search

GoldSeek Web

 
Asian Metals Market Update: January-30-2018



By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 30 January 2018 | Print  | Disqus 

Deutsche Bank and its associate group, UBS, HSBC etc have been fined by the CFTC for gold price manipulation. I am sure silver prices are being manipulated by a group of banks and hedge funds. Silver is undervalued. Long term industrial uses of silver will exceed production. Those who had invested in physical silver have lost all hope that silver prices can rise. Some of the silver investors are treating silver investment as a bad debt. If you ask anyone to invest in silver, they will shake their head. Over the next three years I see a downside risk of thirty percent (from current prices) under the worst case scenario and a hundred twenty percent (120%) upside chance. If you are prepared to see a thirty percent devaluation on your silver investment, then start investing now.

 

Hedge funds are selling silver futures to suppress prices and at the same time they are gobbling up physical silver. They are not idiots. Hedge funds never invest for a period of one year or two years. They are marathon investors. It is time to be a marathon investor in physical silver. Why not start investing in physical silver in small amounts every month.

 

A bond market sell off globally can result in a fall in gold prices initially but overall it is bullish for gold prices. The number of investors in gold ETF should rise. Some of the bond market investors could switch to gold. Correction (if any) up to $1267.20 are a part and parcel of this year’s gold bullish trend. Right now gold needs to rise another $40 in the next seven days to start its journey to the stratosphere. In case gold does not rise $40, then chances of a $80 fall (from current price of $1338.70) will be very high.

 

Zinc was the best performer yesterday. I expect Nickel prices to double in the next twelve months. Nickel, like silver is highly undervalued based on upcoming industrial demand forecast. Zinc and Nickel if they rise today and tomorrow will see massive short covering and renewed investment interest. Pre Chinese New Year moves will start affecting industrial metals from next week.

 

COMEX COPPER MARCH 2018 – current price $320.90

Bullish over $321.20 with $325.60 and $331.30 as price target

Bearish below $318.30 with $312.40 and $309.50 as price target

  • Copper needs to trade over $318 to rise to $327.40 and $331.50.
  • Sell off will be there only below $318.
  • Copper will crash if it trades below $318.00.

MCX ZINC FEBRUARY 2018 – previous day close Rs.227.65

  • Immediate resistance is at 228.90 with 230.60 as key resistance.
  • Zinc can rise to 233.60 and 236.10 if it manages to break and trade over 228.90 today.
  • Initial support is at 227.30. Sellers will be there below 227.30 to 224.50 and 221.10.
  • Momentum is very bullish for zinc. Look for signs of trend reversal.

(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, 30 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.