Monthly Charts Clarify Pre-Drediction for Gold and Silver
We’ve been surprised at the recent action in the precious metals complex. During the recent correction the shares were showing quite a bit more strength than the metals. Then the shares took a dive below support yet the metals maintained their recent lows! How do we interpret this wild volatility in the relationship between the shares and the metals? Quite often we look at daily and weekly charts. Now is the time to take a look at the monthly charts which can help us get a better read on the larger trends at hand. The monthly chart of Gold shows the yellow metal in a very healthy consolidation between $1550 and $1800. Gold’s current retreat from $1800 has lasted two months. Back in 2009, Gold brokeout to a new all-time high in the seventh month of its consolidation. Presently, Gold’s bollinger band width is at a multi-year low and its three-month volume average is at a two year low. Also, the RSI has bottomed and made a higher low. Even if Gold touched $1600, it would remain in healthy position for a breakout in 2013. Gold’s companion Silver is currently trading in a tighter consolidation with $35 as resistance and [...]
READ MOREMCX Newsletter: Gold Silver & Zinc – Subscribers only
Today watch Gold & Silver very carefully. There is no chance to more up & down. Overall trend of Gold & Silver are bullish but wait for exact level. We’ll mention it via SMS to my subscribers. I’ll write more about Gold & Silver at afternoon.
READ MORECommodity Report: MCX Gold, Silver & Cardamom and NCDEX Pepper, Chana & RMSeed
Remember all readers & subscribers or I need to take one hammer for hit on your head huh? As I said, both are running and soon it’ll touch targets. Today you’ll see more Firework.. What I had written on 15th July 2011 about Pepper Click Here to see it “Lion heart traders come with me – Make double dhamal in NCDEX” As I expect pepper hit our first target also as I said stoploss 27890 after the touch our bad line – It made good low. What you expect about MCX / NCDEX – Cardamom, RM Seed, Chana..? If you want to know more about it then subscribe our service now – CLICK HERE
READ MORECommodity Guesstimate(12-28-2010): MCX/NCDEX Gold, Silver, Kapas, CPO, Copper, Cardamom & Agro
Today market activity is same to yesterday, very light. As expected yesterday Gold & Silver taken ride and fired. Agro commodities in watching big movement put your eyes on it to take more profit from market. Listening sound of a lot money Today, just watch 748 carefully Crossovers will take 754 – 758 Keep stoploss 744 You will know how to live in market Just Go… Your Stoploss Rs.533 Targets: 539 – 543 Today copper will make new high Keep stoploss 425 Intraday Targets 432 – 434 Intact target – 440 As I expected fired cardamom Now, it’ll touch our last target 1600 soon You just go & Book profit @ 1593 I’ll update more LIVE to my subscribers only
READ MORECommodity Guesstimate (12/27/2010)
You know readers, I had written on 8 Nov 2010, I’m watching no back door for seller. Invest your money anywhere, you’ll get 300% return on any commodity. Remember or not? Every hot commodity made new high, you should to refresh your memory and want to read it again carefully. Click Here to see it Today is crucial day. Market activity is especially light. Silver & Gold will take UP Ride sharply. But don’t forget my breakout level into silver & gold. If silver close below 44018 & Gold if break or close below 20326 then we’ll see big battle I’ll update more subscribers only – LIVE
READ MORECommodity Guesstimate (12/17/2010): Gold & Silver and MCX Base Metals
Silver & Gold: Ok, watch now… U-Tern…. Today’s watching slide upto 44299 – *44545+ but Remember if silver one time crossovers 43200 then big bloodbath for you. Who is short term investor & want to earn big money in 1week? Just go with gold. Targets: 20591 – 20668 – 20785+ Do you want to know more about MCX Metals?
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