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

GoldSeek.com to Launch New Website
By: GoldSeek.com

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

 
Search

GoldSeek Web

 
Asian Metals Market Update: February-18-2019



By: Chintan Karnani, Insignia Consultants

 -- Published: Monday, 18 February 2019 | Print  | Disqus 

The trend over the next four weeks in gold and silver could be the trend for the rest of the year. In Asia, local currency price moves will be a far bigger factor (than gold in US dollar) over other themes. Winner will be the ones who are correctly able to determine to trend of the local currency trend. It is not easy to determine the long term trend of Indian rupee as we have an election. Indian rupee will be vulnerable to energy price swings. India also has a massive unhedged foreign exchange corporate debt. Pluses for the Indian economy include an ever growing youth population and a falling savings rate.

 

Gold jewelery demand in India will be mainly marriage related or investment. Key gifting festivals are over. (Holi is not a gold jewelery gifting festival). March is the month where most Indians spend less. Expenses of school going kids rises as the new classes begin from mid-march onwards. Tax planning related investment are done as fiscal year closes in March. March is cyclically a period of low gold demand and low gold jewelry demand in India. Hindu marriages are also less in March.

 

Trading and investment volumes in gold, silver and industrial metals should be near normal in China. Chinese demand and Chinese trading volumes does affect metal prices. China will be the key to metal price trend over the next three weeks.

 

COMEX SILVER MARCH 2019 – current price $1577.30

Bullish over $1560.00 with $1593.50 and $1620.00 as price target

Bearish below $1548.50 with $1536.50 and $1519.50 as price target

Neutral Zone between: $1548.50-$1560.00

·         Silver can rise to $1600 and $1620 as long as it trades over $1550-$1560 zone.

·         Small sell off will be there below $1550.

MCX Silver March 2019:  (previous day close/CMP Rs.39962)

Bullish over 39716 with 40300 and 40800 as price target

Bearish below 39448 with 39213 and 39036 as price target.

Neutral Zone: 39448-39716

One Support: 39716

One Resistance: 40048

·         Silver can rise to 40448 and 40912 as long as it trades over 39600.

·         Small sell off will be there below 39600.

(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, 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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Website www.insigniaconsultants.in. 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

The analyses are based on closing price as per February 08, 2019. Maintaining proper stop loss is always recommended.

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: Monday, 18 February 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.