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 Weekly Wrap-Up: Gold and Silver Gain Nearly 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 16 2018
By: Ira Epstein

Silver Slumps, US Military Weak, and PTJ Says We Are headed For Scary Moments
By: David Morgan

Slowly We Turn... Gold vs.
By: Gary Tanashian

COT Gold, Silver and US Dollar Index Report - November 16, 2018
By: GoldSeek.com

GE, Nvidia, Nordstrom, Bitcoin All Tank, And The Fed Notices
By: John Rubino

Years of Recklessly Low Interest Rates Causes Inflation to Soar
By: Nathan McDonald

Gold Miners’ Q3’18 Fundamentals
By: Adam Hamilton, CPA

GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek
By: radio.GoldSeek.com

Is Gold Under or Overpriced?
By: Arkadiusz Sieron

 
Search

GoldSeek Web

 
Asian Metals Market Update: July 12 2018



By: Chintan Karnani, Insignia Consultants

 -- Published: Thursday, 12 July 2018 | Print  | Disqus 

I expect higher physical demand in Asia to prevent further crashes. Use the current correction in gold and silver to invest for yearend or for a period of two years. I have been advising a ten percent investment in physical gold and silver. I am now asking you to increase the same to fifteen percent of your long-term investment.

 

In India, the mark to market (MTM) value of my equity investment has fallen by more than forty percent since March. Indian equity indices rise does not give a real picture of the value of one’s investment. Small cap stocks and mid cap stocks have nosedived. I do not see my equity investment starting to rise before September. Gold and silver have not fallen significantly. The returns are less but still safer bets in times like the current one. So gold and even silver has to be a part of one’s portfolio. I will prefer silver investment to gold. My preference is a 40:60 ratio for gold:silver in my portfolio.

 

Economics & Trump trade wars

Metals and energies trend will be directly dependent on the US dollar. Direction of trade wars will be the key. Talks will restart. The pace of rise of interest rates will be high globally as inflation beats street expectation. Even if crude oil prices plunge, the rise in other things will make up for crude oil price plunge. Inflation is always bullish for gold.

 

Do not panic on sudden price moves. Take long deep breath for a few times before you place orders for day trades. If you are not confident do not start till tomorrow. Trading and investment opportunities will come next week also. Trade in fundamentally strong investment as they will recover very quickly whenever there is a turnaround.  

 

COMEX GOLD AUGUST 2018 – current price $1243.00

Bullish over $1238.40 with $1254.10 and $1263.60 as price target

Bearish below $1227.50 with $1219.20 and $1210.10 as price target.

Neutral Zone between: $1227.50-$1238.40

·           Gold needs to trade over $1227-$1237 zone till next week to rise back to $1273.

·           Sellers will be there below $1237 today.

·           Please note that the above view is purely an intraday view.

MCX COPPER AUGUST – PREVIOUS DAY CLOSE Rs.420.15

       100% retracement is at 416.70. Copper can rise to 431.20 and 437.10 as long as it trades over 416.70.

·         There will be another wave of sell off below 416.70 to 411.60 and 408.80.

(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

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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: Thursday, 12 July 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 - 2018



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

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