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

The Drip, Drip, Drip of Recession
By: David Haggith

Anatomy of an Impulse Move in the Precious Metals
By: Rambus

COT Gold, Silver and US Dollar Index Report - July 19. 2019
By: GoldSeek.com

Gold Miners’ Q2’19 Preview
By: Adam Hamilton, CPA, Zeal Research

GoldSeek Radio: Bob Hoye
By: Chris Waltzek, GoldSeek Radio

Precious Metals Big Picture, as Silver Gets on Its Horse
By: Gary Tanashian

Why This Gold Rally Feels Different
By: Rick Ackerman, Rick's Picks

Currencies, the most manipulated markets in the world, and gold technical update video
By: Gary Savage

THE SILVER PRICE: Setting Up For A Breakout?
By: Steve St. Angelo, SRSrocco Report

With Willem Middelkoop essay, central bank forum takes a shine to gold
By: Willem Middelkoop

 
Search

GoldSeek Web

 
Asian Metals Market Update: April-18-2019



By: Chintan Karnani, Insignia Consultants

 -- Published: Thursday, 18 April 2019 | Print  | Disqus 

There is no hope for gold and silver next week if they do not see short covering and rise. Physical demand for gold and silver will be high in Asia and more so in India and Indonesia as they open after a holiday. Risk traders use a buy on sharp dips strategy with a stop loss below $1255 for Monday and a stop loss below $1440 for silver for Monday. Copper is bullish and seems headed for $310 next week as long as it trades over $290. Crude oil needs to trade over $62.60 till next week to be in bullish zone.

 

Chinese retail gold demand will rise if it economy shows signs of a bottom. I am optimistic on Chinese retail gold demand for the next six months and expect it to rise every month. Indian gold demand should rise till June and thereafter Monsoon rains and other factors will decide. “Eid” is around 5th June. Indian retail gold jewelry demand now a days is good around “Eid”.

 

Everyone is bullish on economy. I hope the excessive optimism does not disappoint. The global financial markets are controlled or doctored by central bankers. This is one of the reason why gold is not rising despite all positives. Gold is a malaria mosquito for central bankers. It is slowly getting immune to the central banks medicines. I am quite sure that by the end of the year, central banks medicine to ensure a lower gold price will not work. However more short term corrections cannot be ruled out.

 

COMEX GOLD JUNE 2019 – current price $1274.15

·        Crash will be there if gold falls below $1269 (assuming some undershooting).

·        Key support is at $1260.

·        Gold needs to trade over $1280.80 to be in intraday bullish zone and rise to $1290 and more.

COMEX SILVER MAY 2019 – current price $1494.30

·       Silver so far has resisted the crash.

·       Silver crash is always scary. If silver falls then chances of $1454.30 and $1426.30 will be very high.

·       Short covering will be there if silver manages to trade over $1500 after London opens.

·       There can be very sharp two way moves.

HAPPY PROFITABLE TRADING & HAVE A RELAXING HOLIDAY WEEKEND

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.

Insignia Consultants does not have any branches in India.

Insignia Consultants does not have any marketing agents in any city in India.

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 of previous day. 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),  (10:30 am to 5:30 pm Indian time, Monday to Friday)
| Digg This Article
 -- Published: Thursday, 18 April 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.