In general, gold is biased to the upside today, where corrections and heavy fluctuations are highly possible due to the end of the week volatility as positive demand seems to be stronger, driven by fears over Spain and the annual budget expected today.The Spanish Prime Minister, Mariano Rajoy, clarified that the government will announce the deepest round of austerity today, as the nation attempts to meet public deficit targets set by the European Commission, after the nation missed targets set of 2011.
JAI SANI MAHARAJ
EARN UPTO 4-5 LAC RS. PER MONTH IN OUR PROFIT SHARING PLAN AND MONTHLY SERVICE PLAN FOR ANY QUERIES CALL US 7000923542
Friday, March 30, 2012
GOLD FUNDAMENTAL
Gold was trapped in a tight
range around $1,660 an ounce on Friday ahead of a meeting of
euro zone finance ministers that may boost the bloc's bailout
power, and sluggish physical demand weighed on sentiment.
Spot gold rallied to a two-week high near $1,700 earlier in
the week after U.S. Federal Reserve Chairman Ben Bernanke
defended the low interest rate policy and cautioned it was
premature to declare victory on economic recovery, triggering
hopes of further monetary easing.
But the momentum faded as fast as it started, and prices
dropped to a one-week low just below $1,645 in the previous
session before recovering to $1,661.06 an ounce by 0347 GMT.
Spot gold was on course for a quarterly rise of 6
percent, after a slide of 3.6 percent in the last quarter of
2011, but it was headed for a monthly loss of 2 percent, its
second straight month in the red.
U.S. gold gained half a percent to $1,660.30 an
ounce.
Gold has been stuck in range of roughly $1,630 to $1,700 in
recent weeks, as investors try to digest mixed signals from
policymakers. Sluggish physical demand has dampened the mood in
gold.
"We don't expect to see real physical demand until prices
drop below $1,600," said a Singapore-based dealer.
"The physical market has stopped playing an important
supportive role. There is so much physical material, yet we
don't see any good offtake, as people are worried that it's not
the right time to invest in gold now."
He said the cautious tone in the market might last until the
second quarter due to the uncertainty around global growth.
Market participants will wait for China's official
purchasing managers' index data on Sunday, to gauge the chance
of a further slowdown in the world's second-largest economy.
A cooling economy and easing inflation could take the shine
off gold, which has attracted explosive investor interest in the
past few years in China.
The World Gold Council expects the country to displace India
as the world's biggest gold consumer this year.
MARKET OUTLOOK
Oil prices have declined, and the dollar is gaining over growing fears revolving around Spain’s less-than-stellar budget. Austerity measures are proving quite unpopular in Spain. The physical demand for Gold remains high in China, but the jewelers’ strike in India continued into a 13th day, which has hindered demand in the world’s top Gold-buying country. Nic Brown of Natixis said, “In the near-term, there is substantial support still coming out of China. Until Chinese investors have a solid alternative to precious metal, it’s likely that demand coming out of China will remain very strong. … If you see a significant decline in Indian demand for Gold, that is a major negative for the Gold market.”
Thursday, March 29, 2012
Wednesday, March 28, 2012
SILVER
LOW RISKY CAN BOOK PROFIT IN SILVER CMP $31.80 SELL CALL GIVEN FROM $32.70-32.90
LOW RISKY CAN BOOK PROFIT IN GOLD CMP $1655 SELL CALL GIVEN FROM $1684-1687
LOW RISKY CAN BOOK PROFIT IN GOLD CMP $1655 SELL CALL GIVEN FROM $1684-1687
LEAD OUTLOOK
BUY LEAD AS YOU MUCH TGT 107/109 AND FINAL TGT 113(CMP 101.10)
BUY NICKEL CMP 897 TGT 963(SHORTTERM) FINAL TGT 1100/1150
BUY NICKEL CMP 897 TGT 963(SHORTTERM) FINAL TGT 1100/1150
DATA FOR THE DAY
DATAS FOR THE DAY :-
All Day EUR German Prelim CPI m/m 0.3% 0.7%
1:30pm EUR M3 Money Supply y/y 2.5% 2.5%
1:30pm EUR Private Loans y/y 1.3% 1.1%
6:00pm USD Core Durable Goods Orders m/m 1.6% -3.0%
6:00pm USD Durable Goods Orders m/m 3.0% -3.7%
8:00pm USD Crude Oil Inventories 2.8M -1.2M
All Day EUR German Prelim CPI m/m 0.3% 0.7%
1:30pm EUR M3 Money Supply y/y 2.5% 2.5%
1:30pm EUR Private Loans y/y 1.3% 1.1%
6:00pm USD Core Durable Goods Orders m/m 1.6% -3.0%
6:00pm USD Durable Goods Orders m/m 3.0% -3.7%
8:00pm USD Crude Oil Inventories 2.8M -1.2M
Monday, March 26, 2012
101% SURESHOT MONEY CALL
STBT GOLD 28350-28370 SL NO NEED TGT 27300/26800/26600
STBT SILVER CMP 57750-57800 SL NO NEED TGT 55000/54100
STBT 5475-5480 SL NO NEED TGT 5100
STBT SILVER CMP 57750-57800 SL NO NEED TGT 55000/54100
STBT 5475-5480 SL NO NEED TGT 5100
Sunday, March 25, 2012
MARKET OUTLOOK
On Friday the metal staged a rally with London gold PM Fix at $1,664 an ounce, up from the previous day's $1,636/oz. The yellow metal has regained its premium to platinum. Silver moved unlike gold with Friday AM Fix of $31.54/oz versus previous day's $31.79/oz.
The entire precious metals complex looks vulnerable in the near-term. For gold, physical demand has remained muted despite price declines. The expected support or a solid floor from physical demand has failed to materialize.
Fortunately physically- backed ETPs have held well with holdings at a record 2,445 tonnes, and gold coin sales in the US are reported to be healthy. However, on the Comex while non-commercial positions were reduced on the back of long liquidation, fresh short positions have been established.
Friday, March 23, 2012
Company in talks with Eurozone countries about support for debt swaps
There is a Dow Jones report that the company that helped with ‘technological’ communications in the Greek debt swap is in talks with another or other eurozone nation(s) to perform a similar function ‘should the need arise’
HAPPY NARATRI AND HINDU NEW YEAR
“Nav Kalpana……….. Nav Jyotsana……….. Nav Shakti…… Nav Aaradhana….. Nav Ratri Ke Paavan Parv par puri ho aapki har manokamna HAPPY NAVRATRI.”
SABHI VIEWERS KO NAVRATRI AUR HINDU NAV VARSH KI HARDIK SUBHKAMNAYEIN
Thursday, March 22, 2012
U.S. TREASURY
U.S. TREASURY: 10-year TIPS sold at record low negative yield. Treasuries remain higher after $13 billion 10-year TIPS auction
Tuesday, March 20, 2012
COPPER
BUY COPPER 4000-5000 LOT CMP 431 ADD MORE LOT ABOVE 435 TGT 441/451(ONLY FOR CAPACITY HOLDER)
Monday, March 19, 2012
Wednesday, March 14, 2012
MENTHAOILLLLLLLLLLLLL
OUR MENTHAOIL CALL HIT ALMOST ALL TGT MADE A LOW 2129.40 SELL CALL GIVEN FROM 2285 NOW WAIT FOR FINAL TGT 2100
Tuesday, March 13, 2012
fFED ANNOUNCE
FED: to continue maturity extension program and to keep reinvesting housing debt into mortgage securities.
GOLD AND SILVER CALL
GOLD READY 400-600 POINT RALLY AND SILVER READY FOR 3000 POINTS
THIS BOTH CALL WILL BE ISSUE TOMORROW
Monday, March 12, 2012
COPPER OUTLOOK
- Technically speaking, we are interested in the 200 and 50 daily simple moving averages as they approach each other. When the 50 SMA crosses above the 200 SMA it’s known as a golden cross and would be a very bullish signal. In order to confirm a bullish stance would like to see copper clear its recent highs.
Friday, March 9, 2012
LEAD POSITIONAL
WHO HAVE BUY BULK LOT IN LEAD AS PER GIVEN FROM 103.55 CAN BOOK 25% PROFIT AND HOLD FOR TGT 116 :WWW.RAJADVISORY.COM
GOLD CALL
LOW RISKY CAN BOOK PROFIT IN GOLD CMP 28000 BUY CALL ACTIVE FROM 27610 ENJOYYYYYYYYYYYYYYY
SILVER CALL
LOW RISKY CAN BOOK PROFIT IN SILVER CMP 59200 IN OUR BUY CALL FROM 57600
MAAL CHAAPOOOOOOOOOOOOOOOOO
MAAL CHAAPOOOOOOOOOOOOOOOOO
Wednesday, March 7, 2012
Tuesday, March 6, 2012
Monday, March 5, 2012
Saturday, March 3, 2012
Friday, March 2, 2012
BASEMETAL OUTLOOK
South Korea purchased 6,000 tonnes of aluminium and 200 tonnes of nickel via tenders, the state-run Public Procurement Service said. It also issued tenders for a total of 3,000 tonnes of grade-A copper cathode of London Metal Exchange (LME) registered brands with a purity of more than 99.99 percent for shipment by June 15 to the port of Incheon. Registration for the copper cathode tenders will close at 2 p.m
GOLD OUTLOOK
GOLD MIDDLE RANGE $1680-$1695 IF GOLD BREAK $1650 LEVEL AND TRADE ONLY 20 MINUTES BELOW THIS LEVEL THAN TGT WILL BE $1557
NATURALGAS
NATURALGAS HIT OUR SL BUT CAPACITY HOLDER MAY HOLD THIS AND MAKE AVERAGE IF COME 118-119 AND MAKE TGT 141/152 TILL EXPIRY
Thursday, March 1, 2012
Gold can scale new peaks without QE springboard -cpme news
Gold can scale new peaks without QE springboard -cpme news
GOLD HIT $1689 LEVEL AND SILVER HIT $34 LEVEL
GOLD HIT OUR TGT $1696/1686 LEVEL AS PER GIVEN SEE CALL FROM $1782 MAALLLLLLLLLLLLLLL CHAAPPOOOOOOOOOOOOOOO
SILVER HIT OUR TGT $34 AS PER GIVEN SELL FROM $36.80-37 WAIT FOR OUR 2ND TGT $31
GOLD/SILVER AND CRUDEOIL
GOLD/SILVER AND CRUDEOIL FALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
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