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-25-2020



By: Chintan Karnani, Insignia Consultants

 -- Published: Wednesday, 25 March 2020 | Print  | Disqus 

Why is there such a huge gap between spot price and future price in gold/silver?

1.    Mines are closed or closing. There will be no new supplies.

2.    Global lockdown is preventing physical gold and silver to be transferred from one nation to another.

3.    Lack of alternate safe investment avenue and availability of free money to fund managers and large corporates has resulted in short term hot money moving into gold, silver, palladium and other metals.

4.    European and Americans are buying physical gold. Till 2019, Europeans and Americans mainly invested in gold futures and gold ETF.

5.    Lack of physical demand from Asia (due to closure) is being more than made up from demand from Europe and USA.

6.    Chinese are buying physical gold and physical silver. China will be working fully or normally from next month. However there is no official confirmation of the quantum or extent of buying.

7.    Rise in gold price has accelerated gold investment demand.

8.    Silver investment demand is also rising as there is view that silver prices have bottomed out. One will never get sub $12.00 price anymore in history in silver. (in my view).

There is hope and expectation that corona virus infections in Europe will be top out in the next two weeks to three weeks. China will be working normally without any internal border controls in the next two weeks to three weeks. BUT USA, India and rest of the world will see the corona virus infections and deaths starting to rise. Whenever Europe and China industrial activity starts to work normally, there will be a mad rush to buy industrial raw materials like, copper, zinc, nickel, lead etc. Prices will rise. Future traders will spruce up prices of industrial metals on hope of very good demand for industrial metals demand on or from the next second week of April. The risk is that corona virus continue to make havoc in Europe just before Easter.

COMEX SILVER MAY 2020 – current price $1452.00

·         Silver can rise to $1580.60 and $1644.80 as long as it trades over $1400-$1410 zone.

·         Corrections upto $1360 (if any) should be used to invest in silver for next month.

COMEX COPPER MAY 2020 – current price $218.40

·         Copper is bullish and can rise to $230 and more as long as it trades over $207-$211 zone.

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: Wednesday, 25 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.