LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

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

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

Will the Historic Imbalance in Gold Stocks to Gold Price Resolve?
By: Rambus

The Staggering Amount Of Gold & Silver Investment Since The 2008 Financial Crisis
By: SRSrocco

What If 'Everyone' Correctly Smells a Top Here?
By: Rick Ackerman, Rick's Picks

Precious Metals Update Video: Gold up as people ran into safe havens
By: Ira Epstein

COT Gold, Silver and US Dollar Index Report - March-22-2019
By: GoldSeek.com

Gold Mid-Tiers’ Q4’18 Fundamentals
By: Adam Hamilton, Zeal Research

Self-Destruction: Cheerleading the Process
By: Gary Christenson, Deviant Investor

The U.S. Economy Is In Big Trouble
By: Dave Kranzler

Gold Resource Corporation Mirador Mine Development Crosscuts 6 Meters of 992 Grams Per Tonne Silver
By: Gold Resource Corp.

Central Banks Are Messing With Your Head
By: Thorsten Polleit

 
Search

GoldSeek Web

 
Asian Metals Market Update: January-31-2018



By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 31 January 2018 | Print  | Disqus 

Trump is a joker. It is better to ignore his state of the Union address and focus on economic fundamentals and central bank excesses. The US January ADP employment number will impact currencies and precious metals only if it is on the extreme higher/lower side of expectation. Physical demand for gold and silver will be the key. There will be a sell off if there is no physical demand for gold silver and/or investment demand from the ETF sector.

 

Gold buyers are apprehensive at current price. Over the past eighteen months, gold prices have not been able to trade over $1340 for a long period of time. Silver users are buying only to meet current price. Silver industrial users and silver jewelers will not increase stock as there is NO indication for silver prices to zoom in the immediate future. Key technical breakouts will be the key to ensure that there is panic buying of gold and silver users. I will prefer to use sharp dips till Friday (before the release of Nonfarm payrolls) to go long.

 

The fall in crude oil prices is just a correction. If crude oil prices fall on Friday before close, then it will move into a short term bearish phase with 60.10 and $58.10 as price target by next week. Crucial time for crude oil bulls till Monday.

 

COMEX GOLD APRIL 2018 – current price $1341.80

Bullish over $1337.10 with $1351.20 and $1381.10 as price target

Bearish below $1329.10 with $1323.60 and $1314.80 as price target

Neutral Zone between: $1329.10 and $1337.10

  • Gold needs to trade over $1329.10 to rise to $1351 and $1366.60.
  • Crash will be there if gold trades below $1333.50 for the rest of the day OR in case gold does not break $1351.20.

MCX NICKEL FEBRUARY 2018 – previous day close Rs.854.70

·         Nickel can fall to 828.70 and 789.20 as long as it trades below 898.30.

·         Immediate support is at 850.60. Immediate resistance is at 864.40.

·         I am against investing in nickel for the short term unless it trades over 898.30 with some trailing stop loss.

·         Only a break of 898.30 will result in 947.20 and more.

(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: insigniacommodity@gmail.com

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: Wednesday, 31 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.