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

Silver and Gold: Balancing More Than 100 Years Of Debt Abuse
By: Hubert Moolman

Precious Metals Update Video: Market cycling money out of tech, Gold is acting very good
By: Ira Epstein

HOUSTON WE HAVE A PROBLEM: Dow Jones Index Totally Disconnects From The Employment Data
By: Steve St. Angelo, SRSrocco Report

Gold Resource Corporation Declares May Monthly Dividend
By: Gold Resource Corporation

The Inflation-Deflation Conundrum
By: Michael Ballanger

Catching A Breath Before Ramping Higher
By: Ricky Wen

You Can't Just Print More Gold
By: Frank Holmes

Gold Resource Corporation Granted Government Approval to Restart Oaxaca Mining Unit
By: Gold Resource Corporation

Gold Update: Buying Opportunity Coming Soon
By: Gary Savage

Precious Metals Update Video: Trying to get back to normal, Gold has strong support just below
By: Ira Epstein

 
Search

GoldSeek Web

 
Asian Metals Market Update: March-23-2020



By: Chintan Karnani, Insignia Consultants

 -- Published: Monday, 23 March 2020 | Print  | Disqus 

There are two things which we all need to focus w.r.t to corona virus:

Positive: China could be corona "virus free" in the next two weeks to four weeks. This will be very bullish for crude oil demand and industrial metal demand.

Negative: One needs to closely watch the corona virus spreads in India, Pakistan, Bangladesh and Indonesia. These are world’s most densely populated zone with inadequate medical infrastructure to deal with even the daily disease, forget the corona virus. The next two weeks corona virus spread in these nations will be the key.

The Islamic fasting month of “Ramadan” or “Ramzan” as we call in India begins around 26th April. “Azaan” or daily five times day  prayer will be rigoursly followed by Islamic people in the “Ramadan month” Even if one person is affected by corona virus and is undetected then the world will see another big wave of community spread of the corona virus.

Major Indian cities are under virtual lockdown. Stay at home. Stay safe. Increase your patience levels. Gold demand in India will be only under ETF or in electronic form. To the Indians and other nations which have a lock down, Buy far dated gold futures and far silver futures (assuming that your are physical gold/silver) on big crashes. Since you will not be able to buy physical gold and physical silver.

Gold and silver will rise even if the world becomes normal. Copper and industrial metals are all bearish. India, USA and most parts of the world (except China) are closing. Gold is trading below 100 day MA and 200 day MA.

THE NEED OF THE HOUR IS TO STAY SAFE. “JAAN HAI TO JAHAAN HAI” OR LIFE COMES FIRST REST IS SECONDARY.

COMEX GOLD APRIL 2020 – current price $1495.40

·         Gold needs to trade over $1475-$1485 zone to rise to $1532 and $1565.

·         Sellers will be there below $1485 and crash only below $1460.

NYMEX CRUDE OIL (April 2020)  - current price $22.70

·         Fundamentals are still bearish for crude oil.

·         Crude oil will be a speculative play for a week.

·         The next three days is very crucial for crude oil. If it fall till Wednesday then chances $13-$15 will be high. If not then chances of a long term bottom will be high.

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: Monday, 23 March 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.