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

Battle for Control of Gold - video
By: Gary Savage

The US Economy: All Roads Lead To Gold
By: Stewart Thomson, Graceland Updates

Precious Metals Update Video: Gold is in a bounce
By: Ira Epstein

Plethora of Potential Crisis Triggers
By: Jim Willie, CB

Miners Are Facing Challenges Globally
By: Frank Holmes, US Funds

Repocalypse: The Little Crisis that Roared
By: David Haggith

The Perversity of Negative Interest
By: Keith Weiner, Monetary Metals

Cracks Spread in the Bullion Banks’ Price Management System
By: Clint Siegner

Precious Metals Update Video: Gold nearing a technical resistance test
By: Ira Epstein

Silver Equities Outperforming Year-to-Date
By: Ed Steer

 
Search

GoldSeek Web

 
Asian Metals Market Update: November-7-2019



By: Chintan Karnani, Insignia Consultants

 -- Published: Thursday, 7 November 2019 | Print  | Disqus 

Postponement of US-China trade deal to December should be bullish for gold and silver. I will prefer a buy on dips strategy as long as gold trades over $1475 for intraday. Use sharp dips to invest in silver for month end with a stop loss below $1660. Copper and crude oil should fall on speculation of trade talk.

U.S. lawmakers seek to ban federal pension fund from investing in China: This is the real big news. A group of U.S. lawmakers introduced legislation that would block a federal retirement fund from investing in Chinese stocks. Our View: Trade deal will not end the trade war. Buy lots of physical gold and physical silver. Increase gold investment to fifty percent of your contingency fund investment. I hope everyone has a contingency fund. Better to invest the cash of contingency fund in gold as gold is more than cash.

I do not think bank of England will have any impact on the currency markets or cable. Cable is bullish at the moment.

COMEX GOLD DECEMBER 2019 – current price $1492.20

Bullish over $1489.10 with $1501.20 and $1513.30 as price target

Bearish below $1486.10 with $1480.80 and $1472.20 as price target

·         Gold will zoom if it manages to trade over $1496 to $1509 and $1519.

·         Crash will be there if gold trades below $1486 today.

COMEX SILVER DECEMBER 2019 – current price $1761.70

Bullish over $1750.50 with $1792.60 and $1821.60 as price target

Bearish below $1730.50 with $1716.60-$1703.60 as price target

·        Silver needs to trade over $1750 to rise to $1800 and $1835.

·        Crash or sell off will be there if silver trades below $1750 today.

NYMEX CRUDE OIL (SEPTEMBER 2019)  - current price $56.30

Bullish over $56.30 with $57.80 and $59.00 as price target

Bearish below $55.70 with $55.10 and $54.30 as price target

·        Crude oil needs to trade over $56.00 to rise to $57.80 and $59.20.

·        Crash will be there below $56.00 to $55.10 and $54.30. .

COMEX COPPER DECEMBER 2019 – current price $266.70

Bullish over $268.00 with $272.20 and $277.50 as price target

Bearish below $266.00 with $263.90 and $261.20 as price target

·        Failure to break $272-$273 zone by 15th November will result in a sell off to $252.30.

·        Prices moves in copper will be big.

·        Day traders watch $266. Copper can move $7-$8 either side anytime from $266.

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. Websitewww.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.

NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

Follow us on Twitter @insigniaconsul1

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

You can also mail your queries at insigniacommodity@gmail.com

Chat Id: telegram/whatsapp 9311139549

              (9:30 am to 9:30 pm Indian time, Monday to Saturday)
| Digg This Article
 -- Published: Thursday, 7 November 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.