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 to Launch New Website

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA


GoldSeek Web

Asian Metals Market Update: March-14-2018

By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 14 March 2018 | Print  | Disqus 

Political developments in the USA will prevent the US dollar from sharp gains before the Federal Reserve meeting next week. Inflation meeting the Federal Reserve’s target implies that a minimum of three interest rate hikes will be there. The fourth interest rate hike will be dependent on energy prices. Gold and silver are firm due to reduced chances of four interest rate hikes this year.


Trump has an ever-changing team. Trump looks like a musketeer among the global political leaders. Trump has created an impression that there is an indirect political instability in the USA. Changing the team every now and will result in US dollar bashing. Eurozone and Japan are much more politically stable. In Germany Angela Markel is less powerful but still there is a stable government. Euro should remain firm against the US dollar. However a sharp correction on or before 30th April cannot be ruled out in euro versus the US dollar.


The Japanese Yen would have weakened significantly but for Trump firing the secretary of state. The Yen will be volatile as land scandal hits Shinzo Abe. Quarter end position squaring and rebuilding has started in the currency markets. Next quarter’s expected trend will set the current price moves in currency markets.


NYMEX CRUDE OIL (1ST CONTRACT)  - current price $60.77

Bullish over $61.60 with $63.70 and $65.30 as price target

Bearish below $61.00 with $60.60 and $59.50 as price target

  • Crude oil can rise to $62.20 as long as it trades over $60.10.
  • Sellers will be there below $60.10.

MCX NICKEL MARCH 2018 – previous day close Rs.898.10.

  • Key short term resistance is at 920.70.
  • Immediate support is at 871.80.
  • Nickel can rise to 920.60 as long as it trades over 871.80.
  • Sell off will be there if nickel falls below 871.80.
  • I am against investing in Nickel unless it breaks and trades over 920.70 with some trailing stop loss.
  • Long term bullish trend is intact. I will prefer to use any 80-100 fall (if any for the rest of March) to invest with a trailing stop loss below 677.40 and a price target of 1300.30 by end June.


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: Wednesday, 14 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.