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It's Big Deal For Commodities On Yuan Flexibility

bullionguru — Sat, 26 Jun 2010 06:29:43 +0000

China is One of the Largest Consumer Of Various Commodities Like Base metal : Copper, Zinc, Lead, Nickel, Aluminum & Bullion : Gold & Silver.

A Flexible Yuan Can Help The Chinese Peoples To Increase Their Standard Of Living this May Lead To High Demand From Their Own People Of Daily Necessities. Demand is also Totally Demand On The Flexibility Of Yuan Against Dollar.

China is New Big Consumer Market Like India. After The 2008 Recession, This Was Biggest Hit For Chinese Exporters .So, Chinese Central Bank Decided To Flexible Yuan . It is Expected That Demand For Dollar Related is Also Increase In China .

This Action Was Positive For Base metals & Bullions in Short, Medium & Long Term View

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What Next For Silver?

bullionguru — Sat, 26 Jun 2010 06:27:26 +0000

Silver Prices Moves Upside On Major Investment by Fund Manager in Silver. Silver price Moves Strongly in Upside on the Strong Manufacturing Demand in Euro – Zone & U.S.A.

In U.S.A & Euro – zone Strong Physical Demand Supports Silver Price In Comex & MCX. We Also Saw That Silver Follows The Gold Trend. Gold Continuously Breaking Daily New Highs In Comex & Silver Also Follows Them.

We Fore – See Silver In Comex Upton $ 19.40 – 19.60. If Holds $ 18.80 Then Silver Moves To Downside & Hits $ 18.20 – 17.60.

We Fore – See Silver Price In 30,100 – 30,260 If Silver Holds Rs 29,600 in MCX . If Holds Rs 29600 Levels Then We Fore See Silver at Rs 28800 – 27600 in MCX.

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Gold Hits Year Highs !!

bullionguru — Sat, 26 Jun 2010 06:25:20 +0000

Nowadays, Gold Moving Daily on the Basis of Technical. Hedge Funds & Gold Funds Supports the Gold Prices in Lower Levels on Comex. Due to the European Financial Crises, ECB Holds there Interest Rate at Low for a Extended Period & Federal reserve Bank May be Do Same.

Large Demand of ETF’S Shares in U.S / Singapore / Dubai / U.K & India May Lead to Maintain the Gold Demand In India in the Form Of Paper Gold or Gold Shares, We See Good Daily Volumes in Benchmark Gold ETF [ GOLD BEES].

GOLD BEES Trading At Rs 1841 In Indian stock Exchanges, It Is Looking To hit 1880 – 1900 in short Run. If Spot Gold Breaks New Years On Comex.

We Fore-see Gold Price In Comex at $ 1250-1280 Levels. If Gold Trades $ 1242

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Gold Bonding Wire Versus Copper Bonding

bullionguru — Sun, 07 Mar 2010 15:15:36 +0000

Semiconductor Industry Consumes Around 137 Tonne Gold In a Year in Gold Bonding For Semiconductor Packaging. Due to Recent Rise In Prices Of Gold From $ 750 To $ 1150 , the Total Cost Of Wire Suppliers Increases That’s Why , Many Of the suppliers Used Copper Bonding To Decrease their Total Cost. There was Recent rise In Copper Wire Shipments From Various wire Suppliers to the Semiconductor Industry Will Reach Approximately 5.8% of Total Shipments (in meters), up from just 1.6% of the Shipments Reported in 2007. Many Wire Suppliers Also Agreed That Copper Wire Bonding is Lack Reliable From Gold Bonding For Semiconductors. Copper Wire Bonding also Creating A Little Threat To Gold Industry.

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COPPER GAINING DEMAND CONFIDENCE

bullionguru — Sat, 20 Feb 2010 14:57:58 +0000

Fed Raises Discount Rate By 0.75 % On 18 Feb Signaling end Of New Stimulus Measures, this Action Show A Smooth Recovery In Economy From Recession, By Which Industrial Demand Is Going To Peak In Next few Years.

Copper Witnessed A Fresh Positions build Up In Long side In all Global exchanges. Copper Demand Is On Rising Month By Month. Many Developed & Developing countries Begins To Increase Their Exports & Imports , Demand In Mining sector Is On Peak In India. Continuous Rising Growth Seen At This sector. Auto Industry Showed Biggest Recovery Since Recession. Demand Of Copper Made Products Rising 7 – 10 % Till 2012.

From Last Many Stimulus Packages Helps Copper Price To Recover From Rs 138 To Rs 340 In MCX. But LME Inventories Is On Near 5 Year Highs. Copper Funds Increasing Their Holdings On Increasing Demand Out Look & Also Increasing Their Price Outlook.

Copper Looking To hit $ 4.20 – 6.00 lb till 2012 – 2013.

In MCX Our Copper Price Target Of Rs 380 – 400 – 440 In 2010. I Expects It Will Trades In Range Of Rs 250 – 440 In 2010.

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Natural Gas Charts Looking Technically Bullish Target Rs 400

bullionguru — Wed, 16 Dec 2009 05:14:13 +0000

Natural Gas Charts technically bullish side For Short Term Or 3 Months View. Fundamentals Are Strong But Global Warming Also Slightly Affects Demand Of Natural Gas In USA. But Now Demand Time Initiates From Mid November To Mid March.

Technical charts Are Also Strong Anyone Can Buy Natural Gas At Range Rs 200 – 240 sl 168 tgt Rs 280 – 360 – 400 – 424.

Bullionguru.com

GOLD TREND AT $ 1050 (UPDATE 1)

bullionguru — Wed, 07 Oct 2009 13:29:57 +0000

Gold Making New High day by Day. Now, Gold trading At $ 1045, Now, Everybody Confuse where It will go ? There was news all global about “Inflation” by which gold attracts now everyone. But Now, Traders, Miners & Investors Hedge their Position Against Inflation Which is affected Next Year to Around The Globe. Various Global Big Gold funds Adding gold In their Portfolio To increase their return by buying Gold As Hedging against Inflation & Dollar Weakness. If We See Dollar Weakness Increases Against All Major Currencies Then We Gold Prices at $ 1060 – 1075 – 1090 – 1110 in coming & Major Support For Gold At $ 1025 – 1002.50. Downside Risk : Gold Looking Downside If It Breaks $ 1025 & 1002.50 then it looks downside & Unless It Looking Bullish Because Mostly Gold Investors Hedging Their Position Against Dollar Weakness & Inflation which is to hit by next year & unless it is Bullish.

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IMF GOLD SALES UP TO 403.30 mt

bullionguru — Mon, 21 Sep 2009 05:46:08 +0000

IMF Comments ” The Board approved the sale of up to 403.3 metric tons, or about one-eighth of the Fund’s total gold holdings. The proceeds will help finance a new income model for the IMF, making the 186-member institution less dependent on its lending revenue to cover expenses, which include surveillance of members’ economic and financial policies and other non-lending activities. Part of the money raised will also help boost financing for concessional lending to low-income countries.

“I am delighted that the Executive Board has given its overwhelming backing to limited gold sales to put the financing of the IMF on a sound long-term footing, and to enable us to step up much-needed concessional lending to the poorest countries,” Managing Director Dominique Strauss-Kahn stated. “These sales will be conducted in a responsible and transparent manner that avoids disruption of the gold market.”

Bullionguru Comments On IMF Gold Sales : IMF moves not surprising me ,it is very beneficial for IMF to help African Countries , where the position Of Economy going worse day by day. But They Also do not disrupt Gold market regarding their prices.

Gold Rises Above $ 1000 due to major buying by various Central banks & Etf’s of Gold in open market. But now They Directly Buy Gold From IMF. In short term view, Central banks stops purchasing From Open Market.

This May Stops or Full Stop To Gold Rally in short term view, We For see Gold Prices near $ 900 or more downside in coming months , if it breaks $ 1000 & 960 bullish mark.

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FUTURE OF GOLD TRADERS AT $ 1000

bullionguru — Mon, 14 Sep 2009 09:34:09 +0000

After a volatile last week of August to first week Of September Gold in Comex trades From $ 950 to $ 1008 due to Technical Buying Made By the various Central Banks Of World & Some Etf’s Buying Supports Gold In Comex For Strong Rally .

But Traders & Investors was not ready to buy Gold In Comex Above $ 1000 due to three times downfalls from this level to $ 900 – 820 – 740. That’s Traders are not ready To trade Or Buy Gold Above $ 1000 mark.

Global Economy Recovery is the another Factor That reduces faith of Investor in Gold For Next Year As a investment Purpose & Higher Inflation gives some support to gold prices for Next year.

If Gold Crosses $ 1008 levels then We For See Gold Prices in Comex Up to $ 1020 – 1038 – 1050 in maximum Side . But If Gold trades Under $ 1000 levels then Our Tgt $ 960 – 930 – 900 – 820 in Lower side For Next Three Months or Till December End.

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BUY SUGAR No.11 FOR TARGET OF £ 27.50

bullionguru — Sun, 06 Sep 2009 08:34:11 +0000

Raw Sugar Broke their Crucial resistance levels of £ 20 in NYBOT & ice futures in U.S. in july – august. Due to heavy shortage of sugar production as comparing to their demand levels around the world. India is the one of the largest producer as well as largest consumer of sugar in the world , Mismatch in the Demand & Supply levels of sugar lead to the Sugar prices in lifetime high as Rs 3200 per quintal in domestic market & Rs 36 per kilogram in retail market.

Sugarcane production is of low due to low prices of sugar in India in past few years, Kissans are not like sugarcane in his fields due to the very late payments by sugar -mills in India. Sugar -cane crushing very low as compare to demand meet in next two to three years.

Raw sugar holds their psychological levels £ 18 – 20 looking to hit £ 24.50 – 26 – 27.30 for a view of one year , According to our Trend Theory , Sugar charts looking strong they will in upward momentum.

Raw Sugar also crosses our double cyclical trends that’s why , We are very Bullish in Raw Sugar crucial support seen at £ 18 – 20 . If they Breaks their support levels in future , then We for see sugar prices are stable for 2 to 4 months.

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Crude oil resistance seen at $ 74-76

bullionguru — Tue, 01 Sep 2009 15:54:47 +0000

After a negative inventory data numbers helped crude oil to break $74 in Neymex in 25 August.But crude oil unable to trade above $74 for long hours. Due to the heavily selling pressures in Chinese market & positive numbers in inventory data broke crude oil again & again up to $70-69 levels.

We are not for see Crude oil prices above $74-76 levels in current series Of Crude Contract at Nymex. That levels Will be their resistance levels in this series Of contracts.

Bullionguru.com

Traders may sell crude oil at $74-76 levels with a stop loss of $ 78 for a short term
view for a target of $ 71 – 69 – 67 – 65 levels .

SHANGHAI COMPOSITES LOSING GLOBAL SUPPORT

bullionguru — Tue, 01 Sep 2009 15:51:57 +0000

After certain restrictions in the creditability of banks by Chinese govt, various equity managers & investors are book continually booking profit in Chinese markets. Shanghai composite breaks crucial support levels of 2750, mid term support seen at 2500 & looking to hit 2350 & lastly it will holds support at 2040 . This support never breaks in future In short, I am looking according to the present scenarios. This Type Of Correction is very likely in Chinese markets, because they rises above their recovery levels, we are waiting for a likely corrections for last one week. Indian , European & U.S. Markets is on line for correction upto 5% to 10 %

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STIMULUS PACKAGES SUPPORTS BASEMETAL PRICES

bullionguru — Fri, 28 Aug 2009 06:54:19 +0000

Stimulus Packages given by U.S , U.K, Japan ,China & many other nations support base metals Prices in the different commodity exchanges around the globe. Base metals Like Copper (310), Nickel (947), Zink (88) trading at their 2009 Year highs due to improving Consumer sentiments & housing index un USA markets.

We see Copper prices in MCX in range of Rs. 260 – 334 for next two months Nickel prices in MCX in range of Rs. 810 – 1190 for next two Months . If Zinc Crosses the level 102.50 then they Hits the target of Rs. 110-118-126 in next six to eight months.

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Money drives out from gold funds

bullionguru — Thu, 30 Jul 2009 14:46:40 +0000

From last few weeks, Money from major Gold Funds Are Continuously drive out due to higher profits in equity & better results in U.S markets. American markets are best drives by the strong performance given by the financial banks in their quarterly results.

Dow Jones also providing good support to te economy by crossing 9000 mark. That’s showing the hilarious marks on global economy removing by occurring housing demand in U.S.

Traders & investor also have lack instrest in gold market, now they starting investing major equity funds or directly in the stock market.

If comes Gold do not cross level of $960, then we for see Gold prices to $920 to $860 levels in late July or August or more downside.

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SILVER FUTURE UPDATE

bullionguru — Mon, 06 Jul 2009 12:41:07 +0000

Silver now trading at 13.40, Silver was continuously witness of technical selling by investors & traders across the World. Silver was closed at $ 13.44 on Friday on Comex. Due to the lower demand by U.S. carmakers & industries in all over the globe unable the silver to trade above $14. Due to low demand of silver in the industries & decreasing number of exports , we for see silver prices to go down to $ 12.60 – 12.32 – 12 – 11.80 in near term due to bad monsoon in northern India.

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Gold Moving To Southwards Trend

bullionguru — Mon, 22 Jun 2009 13:33:06 +0000

As per we all saw that, Gold Made a high of $990 in beginning of June Month & Continuously corrected to $927 as on 17 Jun 2009. According to my trends theory, If Gold unable to break $940-960 levels, then we for see Gold prices in Comex , Nymex trades at $900-860-820-760 & In Mcx Trades at 13500 – 12800 – 12000 – 11000 in next three months. After June wedding reason is over in India for next three month .But in September jewellery Wholesalers & retailers can add more Gold in their inventory in down prices for their year end festival sales.

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COPPER IS ON BACK FOOT

bullionguru — Thu, 18 Jun 2009 11:40:45 +0000

After making 6 months high of Rs 258, According to my previous target, Copper continuously witness of profit booking & technical selling. But according to the latest World economic data of Unemployment , we PROPOSED our copper target in MCX of Rs 222 – 210 for next three months. Copper maintains supports zone in Mcx at Rs 206 zone.

But In Lme ,Copper maintain crucial Levels of 1.720 – 1.750 & then target 1.880 – 2.011 for next three month.

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DOW JONES LOOKING TO GO BACK

bullionguru — Thu, 11 Jun 2009 12:58:06 +0000

DOW JONES INDUSTRIAL INDEX HOVERING NEAR 8800 LEVELS, TECHNICAL CHARTS OF DOW – JONES INDUSTRIAL SHOWING THAT DOW FACES STRONG RESISTANCE AT 8800 – 9000 LEVEL. THESE LEVELS NOT LOOKING TO CROSS BY DOW ,IF WE SEE THE ECONOMIC CONDITION OF GLOBAL ECONOMY.

THEN WE FOR SEE DOW – JONES TRADES DOWNWARD TREND HITS 8400 – 8200 – 7800 – 7400 - 7200 IN NEAR FUTURE TRADES.

BUT IF DOW JONES CROSSES THIS LEVEL THEN WE FOR SEE 9400 – 9600 – 9800 FOR MAXIMUM UPSIDE.

GLOBAL ECONOMY REVIVES OR NOT , BUT ACCORDING TO THE TECHNICAL TRENDS DOW HITS 7800 – 7400 ONE TIME IN THEIR FUTURE TRADES.

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