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

COT Gold, Silver and US Dollar Index Report - January 24, 2020
By: GoldSeek.com

Gold/Silver Ratio, SPX, Yield Curve and a Story to Tell
By: Gary Tanashian

Gold-Miner Valuations
By: Adam Hamilton, Zeal Research

Gold 2nd Leg Up Beginning (video update)
By: Gary Savage

“Cash Is Trash” In 2020, Hold Gold In a Diversified Portfolio – Dalio at Davos
By: Mark O'Byrne

Precious Metals Update Video: Good action in the gold market
By: Ira Epstein

The Seduction of Betting Against the Sure Thing
By: Rick Ackerman, Rick's Picks

The Next Catalyst for Gold
By: Jordan Roy-Byrne CMT, MFTA

The Us Dollar Index : The Most Important Chart on the Planet
By: Rambus

NOT-Predictions for 2020
By: Gary Christenson, Deviant Investor

 
Search

GoldSeek Web

 
Asian Metals Market Update: Jan-10-2020



By: Chintan Karnani, Insignia Consultants

 -- Published: Friday, 10 January 2020 | Print  | Disqus 

Traders will either close short positions or go long on the weekend. Iranian risk is there. My initial reaction after the news of Ukrainian airlines crash in Tehran was that of a missile hit. I may be right. USA, Canada and UK are all now saying that Ukrainian airlines was hit an Iranian missile. In my view missile may or may not be Iranian. NATO/USA has started the escalation of war like situation with Iran. I believe that people and leadership of Iran and Iraq are peace loving and will never induce a war. Iran has huge natural resources. All the end of the day “Might is right”. USA has been using its might since world war 2 to control nations under some pretext or the others. US dollar’s purchasing power has been on a steady decline. Gold’s value has been on a rise with passing of each day.

US December nonfarm payrolls are there today. Numbers have to be over 200,000 to cause a selloff in gold. I repeat trading just on the basis of headline number can be misleading. Focus will shift to US-China trade talks from next week. Details will be the key and not the actual signing.

NYMEX CRUDE OIL (December 2019)  - current price $59.42

·         There can be short covering or pullback rallies as long as crude oil trades over $58.50.

·         Crash or another wave of sell off today will be there only below $58.50 to $57.00 and $54.90.

COMEX COPPER MARCH 2020 – current price $280.30

·         Copper can rise to $285 and $289 as long as it trades over $277.

·         Seller will be there below $277.00.

MCX Nickel January 2020: (previous day close/CMP Rs.1037.40):

·         Nickel can rise to 1055 and 1075 today as long as it trades over 1020.

·         Crash will be there below 1020 to 1009 and 988.

(price above is in Indian Rupees)

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

ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.

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: Friday, 10 January 2020 | 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.