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

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

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

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

A Permabear Talks Lollipops and Roses
By: Rick Ackerman, Rick's Picks

Gold …Some Confirmations to Watch For
By: Rambus

On The Hot Seat
By: Ted Butler


GoldSeek Web

Asian Metals Market Update: March-5-2018

By: Chintan Karnani, Insignia Consultants

 -- Published: Monday, 5 March 2018 | Print  | Disqus 

The Italian election will have an impact on the euro and will also affect decision making among Eurozone members. Merkel gets a fourth term in Germany. I do not foresee a sustainable government in Germany. Merkel’s pro migrant chant will reduce if she needs to stay in power. Even new Italian leaders will support the need to take in less migrants. Less migrants implies less chaos and lawlessness in the Eurozone although the damage has been done. Eurozone developments will not have a significant impact on gold prices. Only the European central bank meeting on Thursday will have an impact if there is confirmation over the time frame of liquidity reduction measures.


Any significant reversal by Trump on additional taxes on steel and aluminum will be bullish for the US dollar and bearish for gold and silver. News will be the key going forward. Nonfarm payrolls will tell us whether there will be an interest rate hike this month or not. I do not foresee an interest rate hike by the Federal Reserve this month. The Trump administration is unpredictable. Better to react after the news than act before.


Gold is only supported by protectionism related news. Gold would have crashed but for protectionism. Physical buyers will be on the sidelines. Once again gold has to break and trade over $1380 by 21st March to zoom. In case gold does not break $1380 by 21st March, then it will trade in wider $1272-$1332-$1380 range.


Right now the fall in zinc, lead and copper is just a correction and an investment opportunity. If they fall this week too, then they will move into a short term bearish phase. I will prefer to use sharp correction in nickel (if any) to invest for the long term.


COMEX SILVER MAY 2018 – current price $1659.00

Bullish over $1644.00 with $1674.60-$1689.30 and $1702.60 as price target

Bearish below $1633.30 with $1625.20-$1618.60 and $1603.80 as price target

·         Silver needs to trade over $1625-$1633 zone to rise to $1689 and $1702.

·         Sellers will be there below $1625.

MCX SILVER MAY 2018 – previous day close Rs.38848

·         200 week moving average at 39158 is the key resistance.

·         Silver needs to break and trade over 39158 this week to rise to 39606 and 40103.

·         Immediate support is at 38530. There will be sellers only if silver trades below 38530.

(prices in Indian rupees above)


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."


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)




Customer care/Whatsapp/Telegram: 9311139549

You can also mail your queries at ‘s

Chat Id: (gtalk), (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)


| Digg This Article
 -- Published: Monday, 5 March 2018 | E-Mail  | Print  | Source:

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


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of 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 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, Gold Seek LLC, its affiliates or advertisers., 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, Gold Seek LLC, is strictly prohibited. In no event shall, 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.