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Asian Metals Market Update: December-31-2019

By: Chintan Karnani, Insignia Consultants

 -- Published: Tuesday, 31 December 2019 | Print  | Disqus 

Trend for gold and silver is very bullish. It is just a technical trade. I do not think that events in Middle east has any bearing to current firmness in gold and silver price rise. There is short covering at the moment. Gold price in almost every nation is at a historical high. I do not think 2019 returns in gold and in Asian currencies will be repeated over the next few years. 2020 gold returns in Asian currencies will be positive but will be less than that of 2019 returns.

Silver is undervalued. 2020 should be silver year and not a golden year. I am very bullish in silver in the next decade. Industrial demand of silver will rise with each passing year and the at the same time silver supply deficit will increase will passing of each year. A strong silver fundamental should result in it attracting more and more traders and investors alike.

My favorite metal pick for 2020 is Nickel and not gold and silver. Nickel is still not fully valued. Battery technology for electric vehicles (EV) needs to change away from nickel for it to be fundamentally bearish. EV adoption in Asia and Africa (the biggest consumers) is still at a nascent stage. At the moment, graphene battery look the only long term replacement Nickel batteries. Graphite could be the Rhodium of 2019 over the coming years.

To me every day is a celebration or a New Year Day. The words which I constantly remind myself are “metamorphosis” and “minimum”. Metamorphosis means change. Life and financial markets are in a period of constant change and we adapt the changing circumstances. The quicker we adapt to changes in financial markets, the more we make profit. Human body is a process of quick adaption to changes. Human body is in a constant state of “metamorphosis” and so is financial markets. The word “minimum” to me has vast usage. For my esteemed clients the “minimum” profit needed which I need to ensure they are able to generate with “minimum risk”. For my personal life the “minimum savings” which I need to sustain myself from unknown exigencies. “Minimum Food” which I need to have to be healthy and not overeat. “Minimum exercise” which I need daily to be healthy. To me the list for “minimum” is endless. (I am realist and please do not read the word “minimum” with a pessimistic angle”.

COMEX SILVER MARCH 2020 – current price $1816.80

·       Silver if it rises today will target $1885.50 and nothing less.

·       Sellers will be if silver trades below $1800.

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. 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.



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