-- Published: Friday, 13 March 2020 | Print | Disqus
Do not look at corona virus news. It will only result in you making a wrong decision. Think long term. Thing strategically and then invest. Do not try to play the T20 cricket game. Hit or miss way of investing will result in more misses or more losses. Invest with a 5 day cricket test match view. A good investment call and you can easily make over hundred percent return before Christmas. Asian nations should also sell far forward of their currency like the rupee and the rupiah. By far forward, I imply selling October and future months rupee/rupiah/etc forwards.
Most of us are already invested and have very little cash to invest. The best way is to let the days pass. Just some reduction in personal expenditure and a bit of expenditure planning can give us some surplus to invest. One needs to focus on expenditure or cost of living and not worry of investment.
Use sharp dips in copper, silver and crude oil in the next two weeks to three weeks to invest for the long term. Gold everyone will be investing. Silver is still an untouchable. However using a combination of bull spreads and options, silver also becomes a great long term investment option.
Crude oil will not fall below $21.00 unless the world comes to a halt. Buy far dated crude oil options is also an excellent investment.
Nickel was battered and bruised yesterday. I do not expect nickel to fall below $10,000 with every chance of $18000 by end July. Only risk to my bullish view on Nickel is continued plunge of stock markets till 23th March.
COMEX SILVER MAY 2020 – current price $1546.50
· Silver needs to trade over $1480-$1510 zone for the rest of the month to rise to $1750.
· Silver will see another crash only if it trades below $1510 today.
COMEX COPPER MAY 2020 – current price $241.60
· Crash will be there only below $239 to $234 and $225.50.
· Key long term support is at $225.50.
· As long as copper trades over $225.50, it can still rise to $263.
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.
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
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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.
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-- Published: Friday, 13 March 2020 | E-Mail | Print | Source: GoldSeek.com