The G-20 meeting in Brazil over the weekend has unwittingly set the foundations for the devaluation of cash, rise of commodity stocks and the turn of the market worldwide.
It does not pay off any more to hoard cash in savings accounts soon paying little more than 1 to 2 per cent. Money has to be diverted to more profitable investments and, in the middle of this development, the turn of the market is in sight.
Among other recommendations, the G-20 meeting, while admiring those Governments which have already taken or going to take bold action, advises Governments to cut interest rates further and to spend. This resonates with President-Elect Obama's plans and his ambitious infrastructure reconstruction programme and China's weekend announcement of a nearly $600 billion investment project for rebuilding houses destroyed in the summer earthquake and still more infrastructure projects: railroads, airports, subways and bridges.
Though in doing so China may wish to benefit from current relatively lower commodity prices, such projects will inevitably lead to revaluation of commodities.
The recent decline of commodities is going to be a short-term story as the same recession that caused the fear of declining construction and reduced use of steel and copper is going to increase the use of these metals.
This could be to colossal proportions through policy developments as more Governments in advanced economies as well as emerging ones start borrowing at low interest rates for a number of projects including re-building railways, roads, bridges and airports in order to keep their populations employed.
MCXARUN
9994500540
Wednesday, November 12, 2008
Tuesday, November 11, 2008
safe trade calls
GOLD
Continue to view, as long Resistance 11825 & 11900, down trend likely to continue. for the day sell below 11525 S/L 11555 and T/p 11485-450/sustain below towards 11300 and close below 11260 test 10750 atleast in coming days OR sell ard 11810-820 S/L 11825 and T/p 11750-710 (any time close above 11900/12375/12850/13600/14325 bullish while close below 11450/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 17300/17550 & 17750 down trend likely to continue. for the day sell below 16850 & more below 16800 S/L 16950 and T/p 16730/16575-600/sustain below towards 16300 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17265-280 S/L 17300 and T/p 17200-140 upto 17050 (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
PRICE TURN EXACT FROM BOTH SIDES AS OUR SUPPORT=2850 & TURN FROM LOW OF 2581 WHILE RESISTANCE WAS 3150 & TURN FROM HIGH=3145. Continue to view, as long Resistance 3150, down trend likely to continue. book profit on sell below 2940, for the day sell only below 2850 S/L 2875 and T/p 2800 OR sell ard 3020-25 S/L 3030 and T/p 2980-65/2940 (now crude need to close above 3150/ 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 2850 bearish for medium term)
COPPER
Continue to view, as long Resistance of 199 & 215, down trend likely to continue. for the day sell below 187 S/L 188.50 and T/p towards 184.50/sustain close below towards 165-170 in coming days OR sell ard 196.25-196.50 S/L 197 and T/p 194.50/192.50 (upside strong rally only on close above 215/234.5/ 248/270/305/316/327/339/351.25/ 360.5/387/398 while close below 184.5 bearish for medium term)
MCXARUN
9994500540
Continue to view, as long Resistance 11825 & 11900, down trend likely to continue. for the day sell below 11525 S/L 11555 and T/p 11485-450/sustain below towards 11300 and close below 11260 test 10750 atleast in coming days OR sell ard 11810-820 S/L 11825 and T/p 11750-710 (any time close above 11900/12375/12850/13600/14325 bullish while close below 11450/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 17300/17550 & 17750 down trend likely to continue. for the day sell below 16850 & more below 16800 S/L 16950 and T/p 16730/16575-600/sustain below towards 16300 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17265-280 S/L 17300 and T/p 17200-140 upto 17050 (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
PRICE TURN EXACT FROM BOTH SIDES AS OUR SUPPORT=2850 & TURN FROM LOW OF 2581 WHILE RESISTANCE WAS 3150 & TURN FROM HIGH=3145. Continue to view, as long Resistance 3150, down trend likely to continue. book profit on sell below 2940, for the day sell only below 2850 S/L 2875 and T/p 2800 OR sell ard 3020-25 S/L 3030 and T/p 2980-65/2940 (now crude need to close above 3150/ 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 2850 bearish for medium term)
COPPER
Continue to view, as long Resistance of 199 & 215, down trend likely to continue. for the day sell below 187 S/L 188.50 and T/p towards 184.50/sustain close below towards 165-170 in coming days OR sell ard 196.25-196.50 S/L 197 and T/p 194.50/192.50 (upside strong rally only on close above 215/234.5/ 248/270/305/316/327/339/351.25/ 360.5/387/398 while close below 184.5 bearish for medium term)
MCXARUN
9994500540
Friday, November 7, 2008
safe trade calls
GOLD
THIS WAS OUR VIEW YESTERDAY "sell ard 11765-70 S/L 11780 and T/p 11710-650" AND SEE PRICE TURN FROM HIGH=11767 AFTER THAT MAKE LOW OF 11450 (SMALL S/L BIG PROFIT) Continue to view, as long Resistance 11775 & 11900, down trend likely to continue. book profit on sell ard 11765, for the day sell only below 11450 S/L 11485 and T/p 11400/towards 11300 OR sell ard 11715-20 S/L 11730 and T/p 11675-600 (any time close above 11900/12375/12850/13600/14325 bullish while close below 11450/11290-250 bearish for medium term)
SILVER
SINCE LAST MANY DAYS OUR VIEW WAS DOWN TREND AND SEE PRICE WAS RALLY ALMOST 5-6 TIMES BUT FAIL TO BREAK OUR LEVEL AND FALL AGAIN SHARPLY. Continue to view as long Resist of 17250/17550 & 17750 down trend likely to continue. for the day sell only below 16725 S/L 16830 and T/p 16575-600/sustain below towards 16300 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17220-230 S/L 17250 and T/p 17150-17000 (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
THIS WAS OUR VIEW YESTERDAY "sustain close below 3045 test 2900-2890 atleast in coming days" & SEE PRICE MAKE LOW OF 2920. Continue to view, as long Resistance 3150, down trend likely to continue. book profit on sell below 3130, for the day sell only below 2920 S/L 2945 and T/p 2900-2890/sustain below towards 2825 OR sell ard 3060-70 S/L 3075 and T/p 3030-3000 (now crude need to close above 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 2920 bearish for medium term)
COPPER
Continue to view, as long Resistance of 196/206 & 215, down trend likely to continue. book profit on sell below 195, for the day sell only below 186 S/L 188 and T/p 184-83/180/sustain close below 186 towards 170-165 in coming days OR sell ard 193.2-193.50 S/L 194 and T/p 191/189 (upside strong rally only on close above 215/234.5/248/270/305/ 316/327/339/ 351.25/360.5/387/398 while close below 186 bearish for medium term)
MCXARUN
9994500540
THIS WAS OUR VIEW YESTERDAY "sell ard 11765-70 S/L 11780 and T/p 11710-650" AND SEE PRICE TURN FROM HIGH=11767 AFTER THAT MAKE LOW OF 11450 (SMALL S/L BIG PROFIT) Continue to view, as long Resistance 11775 & 11900, down trend likely to continue. book profit on sell ard 11765, for the day sell only below 11450 S/L 11485 and T/p 11400/towards 11300 OR sell ard 11715-20 S/L 11730 and T/p 11675-600 (any time close above 11900/12375/12850/13600/14325 bullish while close below 11450/11290-250 bearish for medium term)
SILVER
SINCE LAST MANY DAYS OUR VIEW WAS DOWN TREND AND SEE PRICE WAS RALLY ALMOST 5-6 TIMES BUT FAIL TO BREAK OUR LEVEL AND FALL AGAIN SHARPLY. Continue to view as long Resist of 17250/17550 & 17750 down trend likely to continue. for the day sell only below 16725 S/L 16830 and T/p 16575-600/sustain below towards 16300 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17220-230 S/L 17250 and T/p 17150-17000 (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
THIS WAS OUR VIEW YESTERDAY "sustain close below 3045 test 2900-2890 atleast in coming days" & SEE PRICE MAKE LOW OF 2920. Continue to view, as long Resistance 3150, down trend likely to continue. book profit on sell below 3130, for the day sell only below 2920 S/L 2945 and T/p 2900-2890/sustain below towards 2825 OR sell ard 3060-70 S/L 3075 and T/p 3030-3000 (now crude need to close above 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 2920 bearish for medium term)
COPPER
Continue to view, as long Resistance of 196/206 & 215, down trend likely to continue. book profit on sell below 195, for the day sell only below 186 S/L 188 and T/p 184-83/180/sustain close below 186 towards 170-165 in coming days OR sell ard 193.2-193.50 S/L 194 and T/p 191/189 (upside strong rally only on close above 215/234.5/248/270/305/ 316/327/339/ 351.25/360.5/387/398 while close below 186 bearish for medium term)
MCXARUN
9994500540
Thursday, November 6, 2008
safe trade calls
GOLD
PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=11775 AS DAYS HIGH=11778. Continue to view, as long Resistance 11775 & 11900, down trend likely to continue. book profit on sell below 11575, for the day sell only below 11470 S/L 11505 and T/p 11410/ towards 11300 in coming days OR sell ard 11765-70 S/L 11780 and T/p 11710-650 (any time close above 11900/ 12375/12850/13600/14325 bullish while close below 11470/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 17250/17375/17550 & 17750 down trend likely to continue. for the day sell below 16800 S/L 16875 and T/p 16730-675/ 16575/sustain below towards 16250 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17520-530 S/L 17550 and T/p 17375 -250 (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 Resistance 3320/3375/3420 & 3450, down trend likely to continue. for the day sell below 3130 S/L 3150 and T/p 3095-3100/3070/ 3045/sustain close below 3045 test 2900-2890 atleast in coming days OR sell ard 3250-55 S/L 3260 and T/p 3225-3200 (now crude need to close above 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 3040 bearish for medium term)
COPPER
ontinue to view, as long Resistance of 206 & 215, down trend likely to continue. for the day sell only below 195 S/L 197.25 and T/p towards 190-188.50/ sustain close below towards 170 atleast in coming days OR sell ard 202.50-203 S/L 203.50 and T/p 200.75-199 (upside strong rally only on close above 215/ 234.5/248/270/305/316/327/339/ 351.25/360.5/387/398 while close below 195/188.5 bearish for medium term)
MCXARUN
9994500540
PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=11775 AS DAYS HIGH=11778. Continue to view, as long Resistance 11775 & 11900, down trend likely to continue. book profit on sell below 11575, for the day sell only below 11470 S/L 11505 and T/p 11410/ towards 11300 in coming days OR sell ard 11765-70 S/L 11780 and T/p 11710-650 (any time close above 11900/ 12375/12850/13600/14325 bullish while close below 11470/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 17250/17375/17550 & 17750 down trend likely to continue. for the day sell below 16800 S/L 16875 and T/p 16730-675/ 16575/sustain below towards 16250 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17520-530 S/L 17550 and T/p 17375 -250 (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 Resistance 3320/3375/3420 & 3450, down trend likely to continue. for the day sell below 3130 S/L 3150 and T/p 3095-3100/3070/ 3045/sustain close below 3045 test 2900-2890 atleast in coming days OR sell ard 3250-55 S/L 3260 and T/p 3225-3200 (now crude need to close above 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 3040 bearish for medium term)
COPPER
ontinue to view, as long Resistance of 206 & 215, down trend likely to continue. for the day sell only below 195 S/L 197.25 and T/p towards 190-188.50/ sustain close below towards 170 atleast in coming days OR sell ard 202.50-203 S/L 203.50 and T/p 200.75-199 (upside strong rally only on close above 215/ 234.5/248/270/305/316/327/339/ 351.25/360.5/387/398 while close below 195/188.5 bearish for medium term)
MCXARUN
9994500540
outlook
Gold remained nervous as investors ditched the dollar and moved to commodities and stocks, relieved that election would end the uncertainty of the long U.S. presidential campaign. Gold futures supported as the dollar endured its biggest one-day drop against a basket of currencies in 13 years. A recovery of oil prices due to an output cut by Saudi Arabia, a more optimistic equity outlook and easier credit cited. Bullion also supported by signs that a global recession seemed averted for the moment. U.S. stocks were 3% higher in afternoon trade. Active buying during the Europe sessions and lower Libor rates helped boost gold buying.
Crude tumbled more than $5 after a government inventory report showed gasoline supplies rose unexpectedly last week, even as crude supplies were flat and distillate supplies rose. Crude oil prices have been under pressure due to sliding demand and concern a slow economy will further curb petroleum use. Crude inventories were flat after five consecutive reports of builds, while gasoline stockpiles surged unexpectedly, according to government data. For the week crude-oil inventories remained at 311.9 million barrels, which is 1.5% above year-ago levels, according to the Energy Department's Energy Information Administration in its weekly report. Analysts had expected a boost of 500,000 barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos. Gasoline inventories surged by 1.1 million barrels, or 0.6%, to 196.1 million barrels, which is 1.3% below year-ago levels. However analysts expected stockpiles of the motor fuel to fall by 1.1 million barrels. Demand for gasoline over the four weeks was 2.3% lower than a year earlier, averaging 9 million barrels a day. At the same time, U.S. refineries ran at 85.3% of total capacity on average, unchanged from the prior week. However analysts expected capacity to rise 0.2% to 85.5%.
Copper shed nearly 6% to lead other industrial metals lower as inventories rose and the strong dollar weighed after the U.S. election. The dollar rose against a basket of major currencies after posting its biggest one-day slide in 13 years as Democrat Barack Obama won the U.S. presidential election. Prices of the metal, used in power and construction, have fallen more than 50% since a record high of $8,940 in July. Poor demand for copper is mirrored by the continuous jumps in inventories. Stocks of the metal in LME registered warehouses jumped 5,825 tonnes, bringing the total to 247,475 tonnes. The stocks have risen more than 35,000 tonnes in the last two weeks alone. The collapse in copper prices since July has forced more than 40 percent of China's refined copper capacity to slow production, and may cost the market as much as 120,000 tonnes in lost metal in 2008. This is equivalent to 3% of China's total copper production or one month of refined imports
Courtesy: Religare Commodities
MCXARUN
9994500540
Crude tumbled more than $5 after a government inventory report showed gasoline supplies rose unexpectedly last week, even as crude supplies were flat and distillate supplies rose. Crude oil prices have been under pressure due to sliding demand and concern a slow economy will further curb petroleum use. Crude inventories were flat after five consecutive reports of builds, while gasoline stockpiles surged unexpectedly, according to government data. For the week crude-oil inventories remained at 311.9 million barrels, which is 1.5% above year-ago levels, according to the Energy Department's Energy Information Administration in its weekly report. Analysts had expected a boost of 500,000 barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos. Gasoline inventories surged by 1.1 million barrels, or 0.6%, to 196.1 million barrels, which is 1.3% below year-ago levels. However analysts expected stockpiles of the motor fuel to fall by 1.1 million barrels. Demand for gasoline over the four weeks was 2.3% lower than a year earlier, averaging 9 million barrels a day. At the same time, U.S. refineries ran at 85.3% of total capacity on average, unchanged from the prior week. However analysts expected capacity to rise 0.2% to 85.5%.
Copper shed nearly 6% to lead other industrial metals lower as inventories rose and the strong dollar weighed after the U.S. election. The dollar rose against a basket of major currencies after posting its biggest one-day slide in 13 years as Democrat Barack Obama won the U.S. presidential election. Prices of the metal, used in power and construction, have fallen more than 50% since a record high of $8,940 in July. Poor demand for copper is mirrored by the continuous jumps in inventories. Stocks of the metal in LME registered warehouses jumped 5,825 tonnes, bringing the total to 247,475 tonnes. The stocks have risen more than 35,000 tonnes in the last two weeks alone. The collapse in copper prices since July has forced more than 40 percent of China's refined copper capacity to slow production, and may cost the market as much as 120,000 tonnes in lost metal in 2008. This is equivalent to 3% of China's total copper production or one month of refined imports
Courtesy: Religare Commodities
MCXARUN
9994500540
Wednesday, November 5, 2008
target hit
as per our technical chart our first target hit,
we book partial profit, and wait for second target
this is that chart posted last day
contact for intraday & shorttime calls
MCXARUN
9994500540
we book partial profit, and wait for second target
this is that chart posted last day
contact for intraday & shorttime calls
MCXARUN
9994500540
safe trade calls
GOLD
RICE TURN EXACT FROM OUR GIVEN SUPPORT=11475 AS DAYS LOW WAS 11476. Continue to view, as long Resistance 11810/11900 & 12150, down trend likely to continue. for the day sell only below 11575 & 11550 S/L 11600 and T/p 11480-475/sustain below towards 11300 in coming days OR buy only abv 11880-11900 S/L 11850 and T/p 11960-12025 (any time close above 12375/12850/13600/14325 bullish while close below 11475/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 17225/17375/17550 & 17750 down trend likely to continue. for the day sell below 16675 S/L 16750 and T/p 16575-600/ sustain below towards 16300-325/below towards 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17340-350 S/L 17375 and T/p 17250/towards 17000 (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
THIS WAS OUR VIEW YESTERDAY "sustain below 3150 test 3025-40 atleast" & MAKE LOW OF 3046. Continue to view, as long Resistance 3375/3420 & 3450, down trend likely to continue. for the day buy only abv 3420 & more abv 3450 S/L 3380 and T/p 3550-3600 in coming days OR buy ard 3160-62 S/L 3150 and T/p 3190-3220 upto 3250 (now crude need to close above 3450/3765/4120/4400/4800/5000/ 5290 for bullish rally while close below 3040 bearish for medium term)
COPPER
Continue to view, as long Resistance of 212.5 & 215, down trend likely to continue. for the day sell below 201 S/L 202.25 and T/p 198.75-197.5/195/ sustain below towards 189 OR sell ard 314.3-214.5 S/L 215 and T/p 212.50/209 upto 205 (upside strong rally only on close above 215/234.5/248/270/305/ 316/327/339/351.25/360.5/387/398 while close below 195/188.5 bearish for medium term)
MCXARUN
9994500540
RICE TURN EXACT FROM OUR GIVEN SUPPORT=11475 AS DAYS LOW WAS 11476. Continue to view, as long Resistance 11810/11900 & 12150, down trend likely to continue. for the day sell only below 11575 & 11550 S/L 11600 and T/p 11480-475/sustain below towards 11300 in coming days OR buy only abv 11880-11900 S/L 11850 and T/p 11960-12025 (any time close above 12375/12850/13600/14325 bullish while close below 11475/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 17225/17375/17550 & 17750 down trend likely to continue. for the day sell below 16675 S/L 16750 and T/p 16575-600/ sustain below towards 16300-325/below towards 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17340-350 S/L 17375 and T/p 17250/towards 17000 (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
THIS WAS OUR VIEW YESTERDAY "sustain below 3150 test 3025-40 atleast" & MAKE LOW OF 3046. Continue to view, as long Resistance 3375/3420 & 3450, down trend likely to continue. for the day buy only abv 3420 & more abv 3450 S/L 3380 and T/p 3550-3600 in coming days OR buy ard 3160-62 S/L 3150 and T/p 3190-3220 upto 3250 (now crude need to close above 3450/3765/4120/4400/4800/5000/ 5290 for bullish rally while close below 3040 bearish for medium term)
COPPER
Continue to view, as long Resistance of 212.5 & 215, down trend likely to continue. for the day sell below 201 S/L 202.25 and T/p 198.75-197.5/195/ sustain below towards 189 OR sell ard 314.3-214.5 S/L 215 and T/p 212.50/209 upto 205 (upside strong rally only on close above 215/234.5/248/270/305/ 316/327/339/351.25/360.5/387/398 while close below 195/188.5 bearish for medium term)
MCXARUN
9994500540
Subscribe to:
Posts (Atom)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_ujozfOdPKwsTpppfmTA8vyoJyiQzhv1HxKJZkkaLY2dXOvndZcPEm_nusyFMJCYzZysKNxekAI7eZ0YAQtbiqKi8ymyieOyoOQdILJ5zOzCbk9A7uknl-P3Tz-U8lf9AKd3Q=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uTdS6Bx4aFWgHPYGNSAxFUMSwwOy5kSyxGIqEXORyo1YF5XCKEji5p15WB2kJ58EUpwljkIsBhVEj8mWHF_5sZutvcTmvSPpqtFzhbg0Jv3Mwe3bhuCQ9setmJ8j5a37v1q6-W=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_um49tG9wYwLd2Pl9GRe2s2nwGZG6aF-pKnlZktpb2PZdR73qbcCanRCj1qdPhoxmhCD45gz6Spp9lZaLlvOpTvVXd_5auxta24FC4zpW-A39LOR9YaEx2JV9s=s0-d)
