safe trade calls

GOLD

US FED Interest Rate decision schedule today at 11.45 PM. Continue to view, as long support of 11900 & 11725, some bounce back expected towards 12300-12400 in coming days. for the day buy only abv 12100 S/L 12050 and T/p 12150-160/ towards 12250 OR buy ard 11735-40 S/L 11725 and T/p 11790-840 (any time close above 12100/12325/12850/13600/14325 bullish while close below 11575/11290-250 bearish for medium term)

SILVER

Continue to view as long Resist 17150 & 17750 down trend likely to continue. book profit on sell below 17500/17075/ 16950/16500, for the day sell only below 16125-100 S/L 16230 and T/p 16000/ 15850 OR sell ard 16620-30 S/L 16650 and T/p 16500-425 (any time close below 16100-15975 bearish rally while close above 17750/19000/20550/21400/ 22150/25250/26350/27475/28000 bullish for medium term)

CRUDE

Continue to view, as long Resist 3340 & 3475, down trend likely to continue. book profit on sell below 3450/3250, for the day sell below 3230/3200 & more below 3175 S/L 3250 and T/p 3140/3100 OR sell ard 3370-75 S/L 3380 and T/p 3340-20 (now crude need to close above 3765/4120/4400/4800/5000/5290 for bullish rally while close below 3175 bearish for medium term)

COPPER

for the day buy only abv 215 S/L 213.5 and T/p 216/218.5/towards 222 OR sell below 209 S/L 210.5 and T/p 207/205 Max upto 201 where good support seen again (upside strong rally only on close above 214/225/248/270/305/316/327/ 339/351.25/360.5/387/398 while close below 188.5 bearish for medium term)


MCXARUN
9994500540

long view calls

COPPER
LIKELY TO TEST 175 ATLEAST / TOWARDS 168 WITH ANY BREAK & CLOSE BELOW 188.5, ONLY CLOSE ABOVE 248.5/270 SOME UPSIDE AGAIN(NOV)


ZINC
LIKELY TO TEST 52/UPTO 49 WITH ANY BREAK & CLOSE BELOW 55,(NOV)

LEAD
LIKELY TO TEST 54-50 WITH ANY BREAK & CLOSE BELOW 58 (NOV)

ALUMINUM
LIKELY TO TEST 91-190 WITH ANY BREAK & CLOSE BELOW 95.5, ONLY CLOSE ABOVE 112 SOME UPSIDE AGAIN(NOV)

NICKEL
LIKELY TO TEST 430 / TOWARDS 400 WITH ANY BREAK & CLOSE BELOW 465, ONLY CLOSE ABOVE 672 SOME UPSIDE AGAIN(NOV)

MCXARUN
9994500540

safe trade calls

GOLD

SINCE IT BREAKS 12850 WE DAILY RECOMMEND DOWN TREND & SEE PRICE NOW. THIS WAS OUR WORDS ON DAYBEFORE YESTERDAY "sustain below 12400 test 12050 atleast" ACHIEVED AS DAYS LOW=11758. Continue to view, as long Resistance of 12225 & 12350, down trend likely to continue. book profit on sell below 12570/12300, for the day sell below 11750 S/L 11790 and T/p 11700/650 OR sell ard 12200-210 S/L 12225 and T/p 12100-12050(any time close above 12850/13600/14325 bullish while close below 11750/11250 bearish for medium term)


SILVER

Continue to view as long Resist 17375 & 17750 down trend likely to continue. book profit on sell below 17500, fresh sell below 17075 S/L 17175 and T/p 17000/16850/sustain close below test 16450-400 atleast/towards 16000 in coming days OR sell ard 17570-580 S/L 17600 and T/p 17500-430 (any time close below 16850 bearish rally while close above 17750/19000/20550/21400/ 22150/ 25250/26350/27475/28000 bullish for medium term)


CRUDE

Continue to view, as long Resist 3525 & 3575, down trend likely to continue. book profit on sell below 3535, for the day sell only below 3370 S/L 3400 and T/p 3340/towards 3280-3300 in coming days OR sell ard 3500-3510 S/L 3520 and T/p 3475-50 (now crude need to close above 3765/4120/4400/4800/ 5000/5290 for bullish rally while close below 3370 bearish for medium term)


MCXARUN
9994500540

safe trade calls

GOLD

PRICE TURN ALMOST FRO OUR GIVEN RESISTANCE=12760 AS DAYS HIGH=12748. Continue to view, as long Resistance of 12750 & 12850, down trend likely to continue. book profit on sell below 12570, for the day sell below 12300 S/L 12340 and T/p 12240-200/towards 12050 in coming days OR sell ard 12535-545 S/L 12555 and T/p 12490-460/ (any time close above 12850/13600/14325 bullish while close below 12300/11775/ 11250 bearish for medium term)


SILVER

Now as long Resist 17750, down trend likely to continue. for the day sell below 17500 S/L 17575 and T/p 17390-400/ 17250/17150/sustain below towards 16900 OR buy only abv 17575 S/L 17475 and T/p 17700-800 (any time close below 16850 bearish rally while close above 19000/20550/21400/22150/ 25250/26350/27475/28000 bullish for medium term)

CRUDE

Crude oil Inventory schedule to release today. Now as long Resist 3740-3770, down trend likely to continue. for the day sell below 3535 S/L 3560 and T/p 3490-3500/towards 3440/sustain close below 3440 test 3280-3300 atleast in coming days OR sell ard 3665-70 S/L 3675 and T/p 3635-3610 (now crude need to close above 3765/4120/4400/ 4800/5000/5290 for bullish rally while close below 3440 bearish for medium term)


COPPER

Continue to view as long Resistance of 238 & 248 down trend likely to continue. book profit on sell below 238/234.5, for the day sell below 224 S/L 226.5 and T/p 220-21 towards 215 OR sell ard 236-236.5 S/L 237 and T/p 232.2-231(upside strong rally only on close above 248/270/305/316/327/339/351.25/ 360.5/387/398 while close below 224 bearish for medium term)


MCXARUN
9994500540

GENERAL MARKET CONDITIONS

Are base metals worth investing for a long time?

Most of the base metals have fallen over thirty percent over the year. Aluminum has fallen least while nickel has fallen the most among the base metals. Even the invincible copper has crashed in the past two months. Base metals and industrials are dependent on global economic growth, particularly China. 2008 Chinese GPP growth is expected to be the slowest in the past five years to 9.50%. China has been the biggest consumer of base metals. If there is further evidence of a slowdown in Chinese growth in the rest of 2008 then base metals can get further hammering.

The current bear phase in base metals is a part and parcel of a long term bull rally which may last for two to three quarters. Value based buying at lower levels and restocking by end users will ensure that the long term Bull Run continues. The clear picture will emerge only at the beginning of the 2009.

In the short term for base metals to rise the following conditions need to be fulfilled:

* Equity markets rally.
* Liquidity conditions improve.
* Most of the base metals are highly oversold. So a technical bounce can happen anytime while maintaining the bear trend.
* Chinese demand improves. Unless Chinese improves the rallies in base metals will be fake.
* Outlook for 2009 global growth stabilizes.

Silver has risen on a rise in physical demand while gold and energies fell on US dollar gains. Various central banks are taking further steps to calm the negative investor sentiment. There is lack of major market moving news today except for the US weekly crude oil inventories. The US dollar has been gaining on expectations that other central banks will cut interest rates faster than US. This trend may continue for a few more weeks.

COMEX COPPER DECEMBER

Copper needs to hold $195 to prevent a fall to $173. Highly oversold conditions exist. On the higher side copper needs to break $228 to find intra day buyers.


MCXARUN
9994500540

important news

see our important charts for long term. that we post on 20.10.08.
our first target hit, market nearly in second target in gold.

use the valuable tips and get profit

http://tradeinmetals.blogspot.com/2008/10/important-charts_20.html

MCXARUN
9994500540

safe trade calls

GOLD

Continue to view, as long Resistance of 12850/13225-310 & 13400, down trend likely to continue. for the day sell below 12570 S/L 12600 and T/p 12540-500/ 12450-12400/sustain close below test 12050 in coming days OR sell ard 12835-40 S/L 12850 and T/p 12790-750 (any time close above 13600/14325 bullish while close below 12400/11775/ 11250 bearish for medium term)


SILVER

for the day sell below 17475 S/L 17525 and T/p 27400-280/17150/sustain below towards 16900 OR sell ard 17990-18010 S/L 18025 and T/p 17850-750 (any time close below 16850 bearish rally while close above 19000/20550/21400/22150/ 25250/26350/27475/28000 bullish for medium term)


CRUDE


our S/L hit on buy call, for the day buy only abv 3770 S/L 3750 and T/p 3800-3850 OR buy ard 3600-3605 S/L 3590 and T/p 3645-3670 (now crude need to close above 3705/4120/4400/4800/ 5000/5290 for bullish rally while close below 3440 bearish for medium term)


COPPER

as long Resistance of 244.5 & 248 down trend likely to continue. book profit on sell below 238, for the day sell below 234.5 S/L 236 and T/p 232/228/ 225/sustain close below 225 towards 215-220 Range in coming days OR sell ard 244.4-244.75 S/L 345 and T/p 243-240 (upside strong rally only on close above 270/305/316/327/339/351.25/ 360.5/387/398 while close below 225 bearish for medium term)


MCXARUN
9994500540

long view calls

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 750/735 WITH ANY BREAK & CLOSE BELOW $ 770... AND CLOSE BELOW $ 725 BEARISH FOR MEDIUM 2 LONG TERM WHILE ONLY CLOSE ABOVE $ 856 & 831 BULLISH RALLY AGAIN TOWARDS $ 1000 IN COMING DAYS



SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 8.50 - $ 8 WITH ANY BREAK & CLOSE BELOW $ 9.05... WHILE ONLY CLOSE ABOVE $ 12.30 & $ 14 BULLISH RALLY AGAIN TOWARDS $ 16.50 / 17.75 IN COMING DAYS



ZINC
LIKELY TO TEST 56-55 TOWARDS 52 WITH ANY BREAK & CLOSE BELOW 58.5 (NOV)


LEAD
LIKELY TO TEST 65-62 WITH ANY BREAK & CLOSE BELOW 68 (NOV)


MCXARUN
9994500540

important charts

click the pics to view large













MCXARUN
9994500540

safe trade calls

GOLD

THIS WAS OUR WORDS "sustain below 12590 towards 12440-450" ACHIEVED AS DAYS LOW WAS 12400 Continue to view, as long Resistance of 12850/13225-310 & 13400, down trend likely to continue. for the day sell below 12500 S/L 12540 and T/p 12450-12400/sustain close below test 12050 in coming days OR sell ard 12835-40 S/L 12850 and T/p 12790-750 (any time close above 13600/14325 bullish while close below 12700-625/ 12425/11775/11250 bearish for medium term)


SILVER

For the day sell only below 17100 S/L 17200 and T/p 17030-16970/16850/ sustain close below towards 16000 in coming days OR sell ard 17670-680 S/L 17700 and T/p 17575-500/17400 (any time close below 16850 bearish rally while close above 19000/20550/21400/ 22150/25250/26350/27475/28000 bullish for medium term)


CRUDE

book profit on sell ard 4110/3950/3900/ 3690, for the day sell only below 3490/ 3465 & 3440 S/L 3510 and T/p 3400-3390/3360 OR buy only abv 3710 S/L 3680 and T/p 3750/3800 (now crude need to close above 3705/4120/4400/ 4800/5000/5290 for bullish rally while close below 3440 bearish for medium term)


COPPER

for the day sell below 238 S/L 239.3 and T/p 234.5-232/228/225/sustain close below 225 towards 215-220 Range in coming days OR buy abv 245 S/L 243.5 and T/p 247-49/251.5 (upside strong rally only on close above 270/305/316/ 327/339/351.25/360.5/387/398 while close below 225 bearish for medium term)


MCXARUN
9994500540

today's datas

Friday, 17 October 2008
all times GMT
(last release in parentheses)

0800 Italy August industrial orders (2.6% m/m)
0800 Italy August industrial orders (5.5% y/y)
0800 Italy August industrial sales
0900 Eurozone August trade balance (-€2.3 billion)
0900 Eurozone August trade balance (-€6.4 billion)
1230 US September housing starts (895,000)
1230 US September building permits
1400 US October University of Michigan consumer sentiment
1400 US St. Louis Federal Reserve Bank President Bullard speaks
1800 US Chicago Federal Reserve Bank President Evans speaks

safe trade calls

GOLD

THIS WAS OUR WORDS YESTERDAY "close below 12865 towards 12625 in coming days" ACHIEVED SAME DAY AS YESTERDAY LOW WAS 12590. now as long Resistance of 13225-310 & 13400, down trend likely to continue. for the day sell below 12650 S/L 12690 and T/p 12590-600/sustain below towards 12440-450 OR sell ard 13030-40 S/L 13050 and T/p 12950-900 (any time close above 13600/14325 bullish while close below 12700-625/12425/11775/ 11250 bearish for medium term)


SILVER

we book profit on sell below 18475/ 17950, for the day sell below 17225 S/L 17325 and T/p 17150-17000/sustain close below towards 16000 in coming days OR sell ard 17770-780 S/L 17800 and T/p 17625-525 (any time close below 17000 bearish rally while close above 19000/20550/21400/22150/25250/ 26350/27475/28000 bullish for medium term)


CRUDE


book profit on sell ard 4110/3950/3900/ 3690, for the day sell below 3465 & 3440 S/L 3495 and T/p 3400-3390/3360 OR sell ard 3618-20 S/L 3630 and T/p 3570-3535 (now crude need to close above 4120/4400/4800/5000/5290 for bullish rally while close below 3440 bearish for medium term)


COPPER


book profit on sell below 251.5/236.5, for the day sell below 228 S/L 230 and T/p 225.5-225/sustain close below towards 215-220 Range in coming days OR sell ard 238.8-239 S/L 239.5 and T/p 237/234.5 (upside strong rally only on close above 270/305/316/327/339/ 351.25/360.5/387/398 while close below 225 bearish for medium term)


for intraday and short time call
contact
MCXARUN
9994500540

important charts

click chart to large view










MCXARUN
9994500540

safe trade calls

GOLD

for the day sell below 12940 S/L 12985 and T/p 12900/12850/sustain below towards 12700 & 12625 in coming days OR buy abv 13225 S/L 13200 and T/p 13270-325 (any time close above 13600/14325 bullish while close below 12700-625/12425/11775/11250 bearish for medium term)


SILVER

for the day sell below 18475 S/L 18555 and T/p 18400-325/250/100/18000 OR sell ard 19160-180 S/L 19200 and T/p 19050-19000/18850 (any time close below 18000/17650 bearish rally while close above 20550/21400/22150/25250/ 26350/27475/28000 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release tomorrow PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=4120 AS DAYS HIGH WAS 4120. book profit on sell ard 4110/3950, for the day sell below 3900 S/L 3930 and T/p 3860/ close below test 3775-70 atleast OR sell ard 4040-45 S/L 4050 and T/p 4000-3980 (now crude need to close above 4205/4400/4800/5000/5290 for bullish rally while close below 3860 bearish for medium term)


COPPER

we book profit on buy abv 263.5, for the day sell below 251.5 S/L 253 and T/p 250.5/248.25/245 OR sell ard 263.2-263.5 S/L 264 and T/p 261/258.5 (upside strong rally only on close above 270/305/316/327/339/351.25/360.5/ 387/398 while close below 233 bearish for medium term)


MCXARUN
9994500540

long view calls

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 960/980 ATLEAST/ TOWARDS $ 1000 WITH ANY BREAK & CLOSE ABOVE $ 931... WHILE CLOSE BELOW $ 818 SEEN TOWARDS $ 790-770 IN COMING DAYS


SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 15 TOWARDS $ 16 WITH ANY BREAK & CLOSE ABOVE $ 12.30/13.75/$14... WHILE CLOSE BELOW $ 9.50 BEARISH RALLY TOWARDS $ 8.50-8.75 IN COMING DAYS


MCXARUN
9994500540

remember

this is our last chart 7th

see that week chart exactly we hit the target

and in day chart also we said that expect 910$ in upside

our long targets hit

enjoy the profit



click this link to see that charts

again important charts we will post only for members

MCXARUN
9994500540

news for viewers

very important charts and safe trade calls will post shortly
that is only for members
contact soon for get your premium service

MCXARUN
9994500540

Oil slides as Opec calls emergency meeting

By Carola Hoyos and Javier Blas in London

Published: October 9 2008 17:23 | Last updated: October 9 2008 21:53

Oil prices plunged below $85 a barrel on Thursday, the lowest level in a year, as Opec, the oil exporting countries’ cartel, called an emergency meeting to discuss reducing its crude production to halt the collapse in prices.

The announcement came as crude oil futures in New York fell almost $5 to an intraday low of $84.19 a barrel, the lowest level since October 2007.

In late afternoon trading in New York, oil was down $4.14 to $84.81 a barrel.

The drop suggested that the market was firmly focused on the impact of the financial crisis on global economic growth and energy demand next year, rather than in the cartel’s action.

The cartel, which controls 40 per cent of the world’s oil output, said in an unusually frank statement that it was concerned about the “deteriorating economic conditions with contagion risks” and will meet in four weeks to tackle the problem.

Gold, seen as a safe haven in turbulent times, recovered earlier losses to trade at $913 an ounce, up $8 on the day.

Harry Tchilinguirian, an oil analyst at BNP Paribas in London, said the correction in oil prices had come to closely track movements in equity indices and, until such time that credit conditions normalise and confidence returns, “this is likely to continue”.

He cut his price forecast for the first quarter to $81.30 a barrel, adding that prices would average in 2009 about $95 a barrel, well below the $115 a barrel he predicted just a month ago. Oil prices have fallen almost 43 per cent from July’s all-time high of $147.27 a barrel.

The US Department of Energy reported this week that the country’s oil demand averaged 18.66m barrels a day last week, down 8.6 per cent against the same period a year ago as the economic downturn takes its toll on oil consumption. High prices during the summer have forced US motorists to cut their mileage.

Olivier Jakob, of Switzerland-based consultancy Petromatrix, said: “Be it in November or in December, be it formally or informally, Opec will need to reduce production not because the price is currently too low but because there is not enough demand.”

Opec said it would meet on November 18 in Vienna, a month before it was originally due to have its next gathering.

The fall in oil prices was not mirrored in other commodity markets. Agricultural commodities and base metals rose.


MCXARUN
9994500540

GENERAL MARKET CONDITIONS

The investor is no idiot. Even if central banks hide or manipulate all the statistical information he will not get swayed or carried away by the same. This is the message given by the investors to the central banks after the fall in global stock markets despite coordinated interest rate cuts by all the central banks.

The Dow Jones closed below 9000 on signs that carmakers will be the next victims of the credit crisis. Coordinated interest-rate reductions by major central banks on October 8 failed to revive lending among banks. The 3 month London interbank offered rate (Libor), rose to 4.75% yesterday, the highest level since December 28. It's an absolute panic in stocks. Bad assets need to be taken off balance sheets, new capital needs to be added and then we might, maybe, get a respite.

Yamato Life Insurance Co., a Japanese insurer, filed for court protection from creditors in the nation's first bankruptcy in the industry in seven years, with debt exceeding assets by 11.5 billion yen ($116 million). US credit woes now are spreading to Japan. I hope the spread will be limited to developed nations. If US credit woes spread across emerging markets then there will be a total break down in the global financial system.

If interest rates and other measures taken by various central banks fail then currency devaluation could be the next step. Currency devaluation will happen if and only if the measures fail. This is just one of the measures which I am not ignoring and will not happen in 2009. If central bank measures fail by 2009 then there is a realistic chance of currency devaluation in 2010.

Markets will be looking forward to the G7 meeting over the weekend for comments and further actions.

COMEX COPPER DECEMBER

$200 should provide some support. Highly oversold conditions exist. A close below $244 today and next Friday will result in $170 and $140. Resistance starts at $244 and $280.


MCXARUN
9994500540

safe trade calls

GOLD

we book profit on buy abv 13450, for the day buy only abv 13600 S/L 13570 and T/p 13640-50/13690-700/sustain abv towards 13775 OR sell below 13325 S/L 13370 and T/p 13285-230/13190-150/ below down rally (any time close above 13700/13800-860 bullish while close below 12700-625/12425/11775/11250 bearish for medium term)


SILVER

we book profit on buy abv 19400, for the day buy abv 19450 S/L 19375 and T/p 19525-600/sustain abv towards 19850 OR sell below 19100 S/L 19160 and T/p 19000-18975/towards 18800 (any time close below 18550/ 17650 bearish rally while close above 20500/21400/22150/ 25250/26350/27475/28000 bullish for medium term)


CRUDE

Crude oil Inventory Schedule to release today. PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=4440 AS DAYS HIGH WAS 4440. book profit on sell below 4440/4350-25/4255, fresh sell below 4220 S/L 4250 and T/p 4200-4150/sustain close below 4225 seen towards 4000 in coming days OR sell ard 4380-85 S/L 4390 and T/p 4350-4320 (now crude need to close above 4440/4800/4960-5030/5305/5460 for bullish rally while close below 4220/ 3960 bearish for medium term)


COPPER


PRICE TWICE TESTED OUR RESISTANCE BUT FAIL TO BREAK. book profit on sell below 313.5/ 303/ 299.5/288.5/272, for the day sell below 269 S/L 270.5 and T/p 267.5/265.5-265/ sustain below test 260 atleast in coming days OR sell ard 276.2-276.5 S/L 277 and T/p 274-272/270 (upside strong rally only on close above 305/ 316/327/339/351.25/360.5/387/398 while close below 265/251.5/235 bearish for medium term)


for intraday and short time calls please contact
09994500540
MCXARUN

important charts

comex gold day chart




comex gold week chart




MCXARUN
9994500540

safe trade calls

GOLD

for the day buy only abv 13450 S/L 13420 and T/p 13500/towards 13600 OR sell below 13150 S/L 13190 and T/p 13110-13090/sustain below towards 12950 in coming days (any time close above 13450/13800-860 bullish while close below 12700-625/12425/11775/ 11250 bearish for medium term)


SILVER

we book profit on sell below 20875/ 20650/20000/18700, for the day sell below 18800 S/L 18870 and T/p 18725/ 18600-550/sustain below towards 18000 in coming days OR buy only abv 19400 S/L 19300 and T/p 19500/600/towards 19800 (any time close below 18550/ 17650 bearish rally while close above 20500/21400/22150/25250/26350/ 27475/28000 bullish for medium term)


CRUDE

book profit on sell below 4350 & 4325, fresh sell below 4255 & more below 4240 S/L 4280 and T/p 4200/sustain close below 4240 seen towards 4000 in coming days OR sell ard 4430-35 S/L 4440 and T/p 4400-4385/4350 (now crude need to close above 4800/4960-5030/5305/5460 for bullish rally while close below 4240/3960 bearish for medium term)


COPPER

THIS WAS OUR WORDS YESTERDAY "sustain below 272 test 266 atleast" ACHIEVED AS DAYS LOW WAS 265.75. book profit on sell below 313.5/ 303/299.5/288.5/272, for the day sell only below 265.5 & 265 S/L 266.8 and T/p 263-262/upto 260 OR sell ard 275.8-276 S/L 276.5 and T/p 274-272/270(upside strong rally only on close above 305/316/327/339/351.25/360.5/387/398 while close below 265/251.5/235 bearish for medium term)


for intraday and short time calls, please contact
9994500540
MCXARUN

GENERAL MARKET CONDITIONS

The US bail out package has been passed. US September non farm payrolls have once again come in negative. Europe and rest of the world is copying the US and are bailing out defunct financial companies. Traders and investors will be thinking what next? The following factors (in short) will be the key to the markets for the rest of the third quarter:

1) US election scenario and the next president till mid November.

2) Interest rate cut: Bank of England may cut interest rates this week. Markets have fully factored in a quarter of a percentage interest rate cut by the Federal Reserve in its 29th October meeting. European central bank may also cut interest rates in November or December, 2008 by a quarter of a percentage. Interest rate cuts have always been bullish for gold and precious metals.

3) US dollar: US dollar has been gaining on the back of woes in Europe and UK and their inability to take unified action and quick action. Precious metals will soon be delinked from currency markets and the US dollar.

4) The number of new bankrupt companies coming to the surface: It will be all about mathematics. Markets will be calculating the amount spent on the buying out/financing bankrupt companies and whether the $700 billion is too little or too much. It will be hard to make any judgment on this. Volatility in all financial markets will rise.

5) Growth in other regions across the globe. The decoupling theory has been dumped. Decoupling between emerging markets growth and US economic growth. But emerging markets will recover faster than US. It will be all about the pace of recovery for emerging markets. If emerging markets also moves towards recession (too early to comment on this) then the pace of rise on precious will rise and 2007 October to March can be repeated in 2008 also.

6) Balance sheet of countries: Once all the financial defunct companies are brought up by all the central banks what will their balance sheets look like. At the moment countries are trying to finance each others. There will be a situation when will not be able to finance each other. Printing more currency notes and issuing more treasury bonds will not the solution to the financial mess created now. Gold will indirectly be the reserve currency of the world in the long time.

7) Spread of credit crunch across different parts of the globe: The US credit crunch has spread across the Atlantic in UK and Europe. BNP Paribas will take control of Fortis’s units in Belgium and Luxemburg. Further German government and financial institutions agreed on a 50 billion euro rescue package for Hype real estate holding AG.

The central banks across the globe are making coordinated effort for any sustained recession like environment. Global central banks have had a history to creating assets bubbles. This time around it will be the accumulation of bad loans/defunct company asset bubbles. If central banks do not take hard decisions then global recession will be only way out.

NYMEX CRUDE OIL (1ST CONTRACT)

Crude oil needs to hold $88 to be in bullish zone and target $98 and $103+ once again. A consolidated fall below $88 will result in $81.60 and $77.


MCXARUN
9994500540

safe trade calls

GOLD

Broad Range seen between 13800 & 12900 for medium term, either side break will gives sharp rally. book profit on sell below 13225, for the day sell only below 13100 S/L 13140 and T/p 13025/below towards 12900/sustain close below seen sharp down rally OR sell ard 13585-595 S/L 13600 and T/p 13540-425 (any time close above 13800 -860 bullish while close below 13120/ 12900/12425/11775/11250 bearish for medium term)


SILVER

we book profit on sell below 20875/ 20650/20000, for the day sell below 20250 S/L 20350 and T/p 20050/19910/ 19800/sustain below towards 19550 atleast OR sell ard sell ard 20920-930 S/L 20950 and T/p 20850/750/20650 (any time close below 19800/18950/ 17650 bearish rally while close above 21400/22150/25250/26350/27475/ 28000 bullish for medium term)


CRUDE

PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=4800 AS DAYS HIGH=4799. for the day sell below 4550 S/L 4575 and T/p 4515-4490/towards 4425/sustain close below towards 4275 in coming days OR sell ard 4790-95 S/L 4800 and T/p 4750-4700, only sustain abv 4960 & 5025 uptrend again (now crude need to close above 4960-5030/ 5305/5460 for bullish rally while close below 4425/4250/3960 bearish for medium term)


COPPER

THIS WAS OUR WORDS "below 310 seen down rally sharp" & SEE PRICE BREAK 310 AND MAKE LOW OF 288.5 book profit on sell below 313.5/ 303/299.5, for the day sell below 288.5 S/L 290 and T/p 284-281 OR sell ard 300-300.5 S/L 301 and T/p 297.5-296 upto 292 (upside strong rally only on close above 305/316/327/339/351.25/ 360.5/387/398 while close below 288/ 265/251.5/235 bearish for medium term)


for more short time and intraday calls
contact 9994500540

MCXARUN

long view calls

ZINC
LIKELY TO TEST 74/73.50 WITH ANY BREAK & CLOSE BELOW 77.5, WHILE ONLY CLOSE ABOVE 84.5 & 87.5 UPRALLY AGAIN (OCT)

LEAD
LIKELY TO TEST 77-75 WITH ANY BREAK & CLOSE BELOW 80.5, WHILE ONLY CLOSE ABOVE 94.5-95.5 UPRALLY AGAIN (OCT)

NAT GAS
LIKELY TO TEST 320-305 WITH ANY BREAK & CLOSE BELOW 332.5, WHILE ONLY CLOSE ABOVE 397.5-400 UPRALLY AGAIN (OCT)


MCXARUN

safe trade calls

GOLD

PRICE TURN ALMOST FROM OUR GIVEN SUPPORT LEVEL=13220 AS DAYS LOW WAS 13235. Broad Range seen between 13800 & 12900 for medium term, either side break will gives sharp rally. for the day sell only below 13225 S/L 13265 and T/p 13170/ 13120/sustain below towards 13000-12925 in coming days OR sell ard 13560-70 S/L 13580 and T/p 13500-450. (any time close above 13800-860 bullish while close below 13120/12900/12425/ 11775/11250 bearish for medium term)

SILVER

THIS WAS OUR WORDS YESTERDAY "close below 20450 test 20000 atleast" ACHIEVED AS DAYS LOW WAS 20019. we book profit on sell below 20875/20650, for the day sell only below 20000 S/L 20110 and T/p 19900-850/19775/towards 19600 OR sell ard 20640-660 S/L 20675 and T/p 20550-450 (any time close below 18950/17650 bearish rally while close above 21400/ 22150/25250/26350/27475/28000 bullish for medium term)

CRUDE

Crude oil Inventory Schedule to release today. PRICE TURN ALMOST FROM OUR GIVEN RESISTANCE=4790 AS DAYS HIGH WAS 4779. we book profit on sell below 4880/4840/4580, for the day buy on dips ard 4595-4600 S/L 4585 and T/p 4650-4690 OR sell ard 4865-70 S/L 4875 and T/p 4820-4800, only sustain abv 4960 & 5025 uptrend again (now crude need to close above 4960-5030/5305/5460 for bullish rally while close below 4425/4250/3960 bearish for medium term)

COPPER

THIS WAS OUR WORDS "below 310 seen down rally sharp" & SEE PRICE BREAK 310 AND MAKE LOW OF 293.3 book profit on sell below 313.5/ 303, for the day sell below 299.5 S/L 301 and T/p 297.5-296.5/294.5/293/ sustain below towards 288 OR sell ard 308.8-309 S/L 309.5 and T/p 306.5/ 304.5 (upside strong rally only on close above 316/327/339/351.25/360.5/387/ 398 while close below 293-289/265/ 251.5/235 bearish for medium term)

MCXARUN
9994500540

long view calls

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 930 UPTO $ 948 WITH ANY BREAK & CLOSE ABOVE $ 911.5... WHILE CLOSE BELOW $ 861 SEEN TOWARDS $ 835-830 IN COMING DAYS


SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 15 TOWARDS $ 16 WITH ANY BREAK & CLOSE ABOVE $ 13.75/$14... ONLY CLOSE BELOW $ 11.65/ $ 10.25 BEARISH RALLY SHARP TOWARDS $ 8.75


MCXARUN
9994500540