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 Closing Report: Gold and Silver Edge Lower While Stocks Rise on Trade Talk
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 1 17 2019
By: Ira Epstein

Debt, Division, Dysfunction, and the March to National Bankruptcy
By: Stefan Gleason

Stock Market Volatility Reflects Systemic Instability
By: Dave Kranzler

Wyoming Legislators Want State to De-Risk Investments by Holding Gold and Silver
By: Jp Cortez

Merk Research - U.S. Equity Markets
By: Merk Research

Federal Reserve Confesses Sole Responsibility for All Recessions
By: David Haggith

No for Brexit Deal, Yes for May. And What for Gold?
By: Arkadiusz Sieron

Beware! These Guys Are Good...
By: Rick Ackerman

Political Turmoil in UK and US Sees Gold Hit 2 Week High
By: GoldCore

 
Search

GoldSeek Web

 
Asian Metal Market Update: January-11-2019



By: Chintan Karnani, Insignia Consultants

 -- Published: Friday, 11 January 2019 | Print  | Disqus 

Federal Reserve chairman has assured investors that Federal Reserve will be patient raising interest rates going forward. US dollar is weaker across the globe but has not nosedived. Investors are cautious as $1300 and $1600 are yet to be broken. If US government shutdowns into next week too, then it is just a matter of time that gold and silver will break past key resistances of $1300 and $1600.

 

Every news if positive for gold. Gold bulls have the best start to a new year (after many factors and factor wise). If they cannot encash the same, fears of a sharp correction will drive away investors from gold into something else. Gold has to break and trade over $1309 by 18th January to encash the all round positive set of news.

 

Bank of England governor says that the US dollar will eventually loose its reserve currency status. This is the view of most central banks chiefs. Gold will rise till the world does not find the alternate to the US dollar. In my view the US dollar replacement will anything backed by gold. It could be cryptos backed by gold or a combination of currencies backed by gold. Physical gold will be the key in future. Might will be with those who have physical gold. Futures and ETF prices are subject to easy manipulation.

 

COMEX GOLD FEBRUARY 2019 – current price $1290.30

Bullish over $1298.10 with $1306.80 and $1316.10 as price target

Bearish below $1290.30 with $1287.10 and $1279.90 as price target.

Neutral Zone between: $1290.30-$1298.10

·           Small sell off will be there below $1288.30

·           Watch $1290. Gold can move $15 either side from $1290.

COMEX SILVER MARCH 2019 – current price $1568.20

Bullish over $1570.00 with $1595.50 and $1615.00 as price target

Bearish below $1555.50 with $1533.50 and $1519.50 as price target

Neutral Zone between: $1555.50-$1570.00

·         Small sell off will be there below $1560.

·         Crash will be there below $1547.

·         Silver needs to trade over $1585-$1590 zone to attract short covering and zoom.

NYMEX CRUDE OIL (JANUARY 2019)  - current price $52.27

Bullish over $52.30 with $53.00 and $55.00 as price target

Bearish below $50.30 with $49.10 and $48.30 as price target

Trading strategy: Buy over 52.30 strict stop loss $51.60 for $54.60.

·           There will be another wave of rise over $52.50 to $55.00.

·           Small sell off will be there below $51.60.

·           Trend is bullish.

COMEX COPPER MARCH 2019 – current price $264.60

Bullish over $261.00 with $269.10 and $273.20 as price target

Bearish below $258.10 with $254.80 and $251.40 as price target

Neutral Zone between: $258.10-$261.00

·         Small sell off will be there below $263.40.

·         Copper needs to trade over $266-$267 zone to rise further.

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: Friday, 11 January 2019 | 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.