Silver Trend,Crude Oil Tren for tommorow | budget effect on MCX Bullion and Trading Tips

Silver Trend

Silver prices likely to face resistance at $32.5/troy ounce and $33.8/troy ounce level i.e. at Rs. 49,767/kg and Rs.50,313/kg level in MCX March contract. While on lower side prices can take support at $32.5/troy ounce and $31.6/troy ounce level i.e. at Rs.49,767/kg and Rs.49,433/kg.

Crude Oil Trend

Crude oil Apr futures on NYMEX rose by 0.62% to $97.88/barrel from $97.28/barrel amid unrest spreading to Oman, Lebanon and Saudi Arabia. Even though on Friday NYMEX boosted the margin requirement on oil futures for the first time since March 2009 as crude traded above $100 a barrel to $6,075 per contract from $5,063 failed to pressurize the crude oil prices. The latest change on ICE also showed a boost in the Brent margin to $5,200 from $4,850 per contract along with the news in the market that Saudi Arabia has boosted the oil supplies by 9 million barrels per day were kept aside. What weighed on the bearish news were the unrest which continued in Libya and Bahrain along with the unrest which started yesterday in Saudi Arabia, OPEC’s largest oil producer.

BUDGET HIGHLIGHTS | Budget Analysis | Budget Conclusion

BUDGET HIGHLIGHTS.

- A big negative for garment manufacturers already battling a rise in cotton prices Automobile Sector

- No change in excise duty; status quo maintained at 10%

- Higher allocation under infrastructure schemes

- Critical parts/assemblies required to manufacture hybrid (green) vehicles granted exemption from basic custom duty of 10% and special CVD

Impact: Positive

- Any increase in excise duty would have directly impacted prices especially in the commercial vehicle segment, thereby resulting in lower demand. The sector is already battling rising raw material costs and any further pressure would have a direct impact on margins.

- Increased expenditure on infrastructure is expected to directly benefit the CV segment.

Real Estate

- Upped priority home loan limit to Rs 25 Lakh Vs Rs 20 Lakh

Impact: Positive

- Welcome policy push for the residential segment of the real estate sector, but the Rs 5 lakh increase is way below the Rs 20 lakh raise that ASSOCHAM has been asking for (at least in the metro cities)

- Good news for housing finance companies as this means access to cheaper funds

Textiles

- 10% excise duty on branded garments

Impact: Negative

- Experts believe that companies will pass on the increased cost burden to the consumers

Banks – Public Sector

- Rs6000 cr to be provided in 2011-12 for maintaining minimum Tier I Capital to Risk Weighted Asset Ratio (CRAR) of 8% in public sector banks

Impact: Positive

- A big positive for PSU banks as this provides a guarantee for their capital base in FY12

Information Technology

- No extension of tax benefits under the Software Technology Parks of India

- Increase in MAT to 18.5%

Impact: Negative

- With STPI benefits expected to lapse in Mar 2011, this move is expected to hurt IT companies who will now have to pay higher taxes from FY12

Transport - Aviation

Service tax raised by Rs50 for domestic travel and Rs250 for international travel by economy class

Impact: Negative

- For a sector constantly battling high ATF prices, this news will not go down well with its customers.

In a nutshell:

Key sectors expected to benefit are: Banking & Financial Services (due to low borrowing programme), Real Estate (due to hike in interest subvention), Cigarettes (due to no increase in taxes) and Automobiles (no increase in Excise). Key losers are Technology (MAT applicable on SEZ), Ports (MAT applicable on SEZ), Iron Ore exporters (hikes in duties).

 Economy - Growth Prospects

 - Economy expected to grow at 9% in 2012, plus or minus 0.25%

 - Inflation seen at a lower level in the financial year 2011-12

 - Exports grown by 9.6%, imports by 17.6% in April-January 2010-11 over corresponding period last year

- In current year, overall economic growth is expected at 8.6%, agriculture growth at 5.4%, industrial growth at 8.1%, and services growth at 9.3%.

     

Taxes – Highlights

Income Tax

- Personal income tax exemption limit raised to Rs1.8 lakh from Rs1.6 lakh for individual tax payers

- For senior citizens, the qualifying age reduced to 60 years and exemption limit raised to Rs2.50 lakh.

- Citizens over 80 years to have exemption limit of Rs 5 lakh.

Direct Tax

- Standard rate of excise duty held at 10%; no change in CENVAT rates

- To reduce surcharge on domestic companies to 5% from 7.5%.

- Direct tax proposals to cause Rs115 bn in revenue loss

- Service tax rate kept at 10 percent%

- Customs and excise proposals to result in net revenue gain of Rs73 bn

- Service tax widened to cover hotel accommodation above Rs1000 per day, A/C restaurants serving liquor, some category of hospitals

- Service tax on air travel increased by Rs50 for domestic travel and Rs250 for international travel in economy class. On higher classes, it will be a flat 10%

- Base rate on excise duty raised to 5% from 4%

- Service-tax proposals are expected to result in a revenue gain of Rs4000 cr.

- Net revenue loss on account of direct taxes will be Rs11500 cr. Net revenue gain on account of indirect taxes will be Rs11300 cr.

- Branded apparel sector to pay mandatory excise duty of 10%

Fiscal Deficit - Projections

- Fiscal deficit seen at 5.1% of GDP in 2010-11

- Fiscal deficit seen at 4.6% of GDP in 2011-12

- Fiscal deficit seen at 3.5% of GDP in 2013-14

Tips for Commodity by considering Budget

Weekly Report on 25 Feb 2011 Next week Investing strategy and trend | Tips for Next week 27 Feb

MCX Comdex was up by 4.96% to 3485.38, MCX Energy was up by 13.17% to 3202.77 and MCX Metal was up by 2.24% to 4427.95.
All bullion contracts showed up trend. Gold April 11 contract was up by 2.83% to Rs 21096 per 10 grams, goldM April 11 contract was up by 2.80% to Rs 21103 per 10 grams and goldguinea April 11 contract was up by 2.77% to Rs 16956 per 8 grams. Silver March 11 contract was up by 6.05% to Rs 50034 per kg, silverM April 11 contract was up by 6.25% to Rs 50808 per kg and silverMIC April 11 contract was up by 8.39% to Rs 50811 per kg.
All metal contracts showed mixed trend. Aluminium April 11 contract was up by 1.39% to Rs 116.30 per kg while nickel February 11 contract was down by 2.61% to Rs 1264.50 per kg, ironore April 11 contract was down by 1.02% to Rs 7486.00 per DMT, lead February 11 contract was down by 3.55% to Rs 113.95 per kg, lead mini February 11 contract was down by 3.60% to Rs 113.90 per kg, zinc February 11 contract was down by 1.55% to Rs 111.45 per kg, zinc mini February 11 contract was down by 1.55% to Rs 111.45 per kg and copper February 11 contract was down by 2.72% to Rs 435.65 per kg.
All energy contracts showed mixed trend. Crude oil April 11 contract was up by 12.95% to Rs 4552.00 per barrel while natural gas April 11 contract was down by 0.76% to Rs 182.80 per MMBTU.
All agri contracts showed mixed trend. Potato March 11 contract was up by 4.58% to Rs 750.50 per 100 kgs, potatoTRWR March 11 contract was up by 11.18% to Rs 651.20 per 100 kgs, sugar March 11 contract was up by 1.40% to Rs 2969.00 per 100 kgs while kapas April 11 contract was down by 10.31% to Rs 1088.80 per 20 kgs, menthaoil April 11 contract was down by 4.37% to Rs 1061.90 per kg, refsoyoil March 11 contract was down by 4.27% to Rs 621.10 per 10 kgs, CPO April 11 contract was down by 6.97% to Rs 532.40 per 10 kgs and cardamom April 11 contract was down by 16.47% to Rs 1131.70 per kg.
 Weekly report on mcx Commodity|MCX bullion Strategy|MCX Commodity Investment Tips

today's market news | Global market News | MCX Precious metal trend | MCX Tips For Trade | Market Prediction for MCX Bullion

MCX Tips, Trend and Prediction for today

1. Now Mixed trends in Base metals as well as precious metals. 

2. MCX Precious Metals are expected to Low.   3. MCX Crude Oil price are expected to low.   4. MCX GOLD likely to move Lower Gold trade up.

 MCX Gold and silver will trade in low at closing time today.

 MCX Precious metals today's evening round up play in low.

Commodity Market(MCX Bullion) News today 25 feb 2011

Advanced Tips Of The Day-  Analysis the commodity market  Before Trading.

Bullion Market News

MCX Gold strayed under Rs 20900 per 10 grams levels in the afternoon today as the commodity maintained its bearish undertone in the global markets. The US dollar also recovered in the London trades and kept advances in Gold under check. The yellow metal witnessed a mixed action in overnight trades. Prices were seen facing consistent selling pressure and despite a late rally, ended up just $1.95 or 0.14 to $1415.10 per ounce in the floor trades in New York. Gold was supported by a falling dollar but the sentiments seemed to have taken a major hit after crude oil dropped nearly five dollars from its highs above $103 as Saudi Arabia, the world's biggest oil exporter and OPEC's de facto leader, turned in to fill the gap caused by the disruption in Libya.

The Asian moves today witnessed a major slide in Gold as traders booked profits on growing likelihood that a near term top has been placed around levels close to $1420 yesterday. The equities in Asia also edged higher and DOW futures clocked a gain of nearly 50 points, keeping the undertone in the yellow metal depressed. The COMEX futures are quoting at $1402.60, down $13.20 per ounce on the day, though $1400 per ounce levels acted as a stiff support today. MCX Gold futures opened sharply lower today and drifted under Rs 20900 per 10 grams. The counter reversed losses from a low of Rs 20800 but remained under stress. MCX Commodity Tips | MCX Bullion Trend

MCX Tips |MCX Trend|MCX bullion Live Price |MCX Gold price Chart | MCX gold rate today's ' market news 24 feb 2011

1. Now Mixed trends in Base metals.
2. MCX Precious Metals are expected to rise.
3. MCX LEAD price are expected to low.
4. MCX GOLD likely to move higher Gold trade up.

5. MCX Gold can be trade in low at closing time today.

6. MCX today's evening round up play in low.

  Since reaching new highs at the end of 2010 Gold and Silver have been sold off, and the selling has been particularly intense in beginning of the year 2011. The poor news on the economy is almost completely bullish for the precious metals. From the price action in last month one might be falsely directed to believe that investment demand for the precious metals is waning. On the contrary the data analysis is quite reveals strong indications of growing shortages and furthermore that the Gold and Silver markets are approaching tipping points that will lead to a rushing of price appreciation in coming months.
Spot Gold held on top of this week's early rise again on Wednesday, pushing back above $1400 per ounce as world equity markets fell and crude oil rose to new two-year highs as fresh anti-government protests hit the gulf state of Bahrain.
Gold rallied in the previous session closed almost one percent higher in last session as tensions rose in Libya and on expectations that tension across the Arab world may slow down economic recovery.
Demand for yellow metal as safe haven has increased in the current month as economy is witnessing turmoil on various fronts. Gold also gained on news that top metal consumer China may hike its interest rates in the near term.
Spot Gold opened higher today and traded positive during initial hours. Spot Gold rose by 0.05 percent to 1416.83 USD per ounce. Movement in Gold is now being driven by geopolitical factors.
Crisis going on in North Africa and Middle East may push yellow metal higher in the near term. Safe haven buying in white metal may also continue in the near term and the same may outperform gold. As far as the general argument is concerned, the unrest in the Middle East is spreading and markets worldwide are pretty nervous. Fears of shortages as disorder moves across oil-producing nations drove up the price of crude in last 3 days, while other investors fled risky assets and sought the safe haven of Gold. MCX Tips for Today

MCX Bllion Trend

1. Now Mixed trends in Base metals.
2. MCX Precious Metals are expected to rise.
3. MCX LEAD price are expected to low.
4. MCX GOLD likely to move higher Gold trade up.
MCX Bullion Tips

World Gold Council launches initiative to accelerate the development of emerging technologies utilising gold

World Gold Council launches initiative to accelerate the development of emerging technologies utilising gold

The World Gold Council today announced that it is to play a pivotal role in the transition of new gold-based innovations from ‘lab’ to ‘market’. There has been an explosion of interest in the use of gold in science and technology, mainly driven by the emergence of nanotechnology, yet breakthroughs in research are slow to achieve commercial success due to lack of further targeted investment and support. The World Gold Council’s initiative will help bridge the gap between government-funded early stage research and venture capital-backed commercialisation through investing in gold-related technology in the fields of medical diagnosis and treatment, protecting the environment and renewable energy.
This announcement is accompanied by a new report, Gold: The hidden element in innovation, which details how the use of gold has led to the development of ground-breaking advances. As technology continues to progress, gold will be used in a multitude of new products and processes, and the World Gold Council expects these innovations will help address critical needs in medicine and the protection of the environment.
Dr Richard Holliday, Director, Technology at the World Gold Council said:
“The role of gold at the heart of many scientific advances is an untold story of innovation. Although little heralded, gold is the hidden element that has increased the efficiency, accuracy and effectiveness of many technologies. We will continue to provide our expertise and resources to help bring exciting new gold-based technologies through to commercialisation.”
The new report includes examples of the World Gold Council’s involvement in supporting innovative technologies, such as:
Professor Molly Stevens and her team at Imperial College London, who are exploiting the versatility of gold nanoparticles to design tools which are showing great promise in improving the early diagnosis of many diseases including HIV/AIDS and sepsis.
Professor Michael Wong’s lab at Rice University, Texas, which has developed a gold-alloy nanoparticle catalyst, which breaks down poisonous groundwater pollutants, a common health hazard.
Professor Carole Perry and her team at Nottingham Trent University, who have demonstrated that combining gold nanoparticles with antibiotics may lead to materials with improved and longer-lasting antimicrobial effectiveness.
The World Gold Council has also formed a new International Technology Advisory Board comprised of internationally recognised experts to help provide additional insight and guidance on its research and development activities in 2011 and beyond.mcx Bullion Tips

Only 3 Step away form Earm Huge Money

  In stock market day by day the market reach on new high and low? No one know sure about the market where will stain. But its not means that don't do predictions. You should do predictions. And you should be sure for profit and protection from the crash.remember anyone has a 50-50 chance of guessing market direction.

 1. 

Investment Means- Its a process of making your valueable money work for making maximum money compare to saving. its a completely differ from saving. You can earn unlimited money from investment. 

2.

First of all take valuable information of company as well as market information. You can find easily with the help of internet its a great source of it. The best way of information you can take form securities & exchange commission form-10 k file in free.

3.

Stock sector categories on the basis of product, services so on. Its to helpfull for how well a company performing and you can easily evaluate scrap in which you entered.

Precious metals are the commodities that investors are piling their money into these days, as gold and silver have been leading the commodities super cycle boom.

find things that will protect your assets by investing in things that will hold value in inflationary environments.i like precious metal perticular Silver.

Short Precioud Metals,, today's Trend,

I expect MCX Precious Trade  in Low 

 Tuesday 22-02-2011

Short Silver At 50300 SL 50590 Target 49700

Short Gold At 20750 SL 20780 Target 20650

BUY SILVER Target 50350

target achive next target is 50350 for evening round up.
BUY SILVER I expect TARGET 50350 NO S.L

BUY SILVER Target 50250

BUY SILVER I expect TARGET 50250 NO S.L

Smart and Safe Trading In MCX Bullion.

1. Buy Call (Precious Metals)

2. MCX Precious Metals are expected to rise.
3. MCX GOLD likely to move higher Gold trade up.

4. MCX Silver price Will Reach Till 51,000 Soon this month.
  Gold rose to a seven-week high on Monday as spreading unrest in the Middle East underscored its appeal as a safe-haven asset, while silver and palladium prices hit historic highs on expectations for growing industrial demand.

Gold added to a weekly gain of nearly 3% last week and was poised for further upside on fresh news from North Africa and the Middle East, where revolutions which deposed the presidents of Tunisia and Egypt have inspired protests across the region, threatening the grip of long-entrenched autocratic leaders.

Spot gold inched up 0.5% to USD1,396.10 per ounce as of 0217 GMT, its highest since January 4, and compared with USD1,388.58 an ounce late in New York on Friday.

Bullion has risen for five straight sessions, its longest winning streak since September. US markets are closed on Monday for a holiday.

US gold futures for April delivery also climbed 0.6% to USD 1,396.60 per ounce, compared to Friday's settlement at USD 1,388.60.

"With the unrest in the Middle East and North Africa, dealers couldn't leave for a long weekend with short positions, and this reflects investor sentiment for flight to safety," said Yuichi Ikemizu, Tokyo branch manager for Standard Bank, adding that gold prices were likely to keep inching higher.

Spot gold may rise to its Jan. 3 high of USD 1,423.57 per ounce as it has ignored bearish signals and continued to shoot up, says Wang Tao, a Reuters market analyst for commodities and energy technicals.

The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings fell to 1,223.098 tonnes by February 20, its lowest in nine months, from 1,224.008 tonnes on February 15.

Traders said there was slightly higher demand for gold bars in the Middle East, mainly due to the unrest.

Expectations for growing industrial demand on an improving world economy and a rally in the overall precious market also helped hoist silver to its highest level since 1980, surpassing the previous 31-year high marked on Friday.

But Ikemizu said there were signs that silver may peak out.

A deepening backwardation -- which means futures are cheaper than spot prices -- reflects tightness in the market. The gold/silver ratio -- the number of ounces of silver needed to buy an ounce of gold -- fell to its lowest in 13 years at under 43 on Friday as silver prices outperformed, which means silver has become more expensive relative to gold.

"The silver market may be close to seeing a squeeze," Ikemizu said.

Spot silver rose to a high of USD 33.08 an ounce as of 0239 GMT, its highest since 1980.

Holdings in the world's largest silver-backed exchange-traded fund, iShares Silver Trust, rose to 10,519.05 tonnes by February 18 from 10,438.56 tonnes on February 17.

Platinum gained 0.7% to USD 1,846 an ounce while palladium hit a 10-year high of USD 855.50 in early trade.

Traders said platinum and palladium may see further gains on a solid demand outlook and supply concerns.

MCX Silver News || Market Prediction || MCX Bullion Tips For Next Week(20Feb-25 Feb 2011)

Earn huge money from MCX Bullion.

1. MCX Silver price Will Reach Till 50,000 Soon this month.
1. Now Mixed trends in Base metals.
2. MCX Precious Metals are expected to rise.
3. MCX LEAD price are expected to low.
4. MCX GOLD likely to move higher Gold trade up.

Market News for MCX, Live market Trends, BULLION TIPS For Future

Bullion : Gold prices have gained almost 1 percent in the last week as geo political concerns in Egypt coupled with worries over inflation supported demand for the yellow metal. Sharp gains in gold were capped on account of dollar strength. Worries in Egypt have intensified as President Hosni Mubarak has refused to step down on an immediate basis. This has raised concern that the worries could have spillover effects in the neighboring countries. On the back of this, we expect gold prices to continue to witness upside. Gold prices gained sharply in the mid of last week, as rise in interest rates by China for the second time in just over six weeks benefited gold’s status as an inflation hedge. But prices managed to rise despite fading safe-haven demand which is indicative from rising US equities and improving US economic data. This is because inflation worries overshadowed the improvement in economic scenario especially after rise in interest rates in China. Holdings in the world’s largest gold backed fund the SPDR Gold Trust continued its downtrend as it fell to 1225.526 tonnes by 10th February, marking their lowest since late January. For this week, Bullion prices will come under pressure on easing concerns in Egypt. Spot gold has a strong support at $1343/$1330 levels and resistance at $1380/$1392 levels. MCX April Gold has a strong support at 20,100/19,900 levels and resistance at 20,640/20,730 levels.

Base Metals : The base metals pack has declined sharply in the last week, lead and zinc fell by 3.4 percent and 3.2 percent on the LME respectively. Dollar strength, geopolitical concerns in Egypt and worries over monetary policy tightening in China put downside pressure. Aluminum production in the US rose 1.3 percent in January as compared to the prior month. Actual production for January 2011 totaled to 151,590 tonnes which is up from 141,688 tonnes in January 2010 and was higher than 149,621 tonnes output in December. Average daily production of aluminium increased to 4,890 tonnes in January as against 4,826 tonnes in December. For this week, base metal prices will get some relief on latest developments in Egypt. Weakness in the dollar on the back of easing concerns in Egypt will also support a rise in metals. MCX February Copper shall find a strong support at 448/442 levels and resistance at 465/ 472 levels for this week.

Treds for MCX and Call For LEAD

SELL CALL
SELL LEAD @ 119.3 121.5 SL Target 117.5 116.5

Tips for Today
1. Now Mixed trends in Base metals.
2. MCX Precious Metals are expected to rise.
3. MCX LEAD price are expected to low.
4. MCX GOLD likely to move higher Gold trade up.

MCX Bullion Trend, Gold prices are expected to rise.

Gold prices are expected to rise.
MCX Copper expected to trade up on active buying.
MCX Crude may fall on active selling.
MCX Gold likely to move further higher Gold trades up, mixed trends in base metals.
We expect base metals to Trade up today.

MCX Gold Tips (Buy Call)

BUY GOLD AROUND 20451-480 SL 20330 TP 20800

MCX Bullion Tips For Next Week, Market News for MCX, Live market Trends, BULLION Silver TIPS

BUY SILVER i expect TARGET 50350 NO S.L (21-02-2011 Evening Round up)

 1. Buy Call (Precious Metals)

2. MCX Precious Metals are expected to rise.
3. MCX GOLD likely to move higher Gold trade up.

4. MCX Silver price Will Reach Till 51,000 Soon this month.
 MCX Silver News || Market Prediction 
Earn huge money from MCX Bullion.
MCX Silver price Will Reach Till 51,000 Soon this month.

1. Now Mixed trends in Base metals.
2. MCX Precious Metals are expected to rise.
3. MCX LEAD price are expected to low.
4. MCX GOLD likely to move higher Gold trade up.
 Market News for MCX, Live market Trends, BULLION TIPS For Future

 Bullion : Gold prices have gained almost 1 percent in the last week as geo political concerns in Egypt coupled with worries over inflation supported demand for the yellow metal. Sharp gains in gold were capped on account of dollar strength. Worries in Egypt have intensified as President Hosni Mubarak has refused to step down on an immediate basis. This has raised concern that the worries could have spillover effects in the neighboring countries. On the back of this, we expect gold prices to continue to witness upside. Gold prices gained sharply in the mid of last week, as rise in interest rates by China for the second time in just over six weeks benefited gold’s status as an inflation hedge. But prices managed to rise despite fading safe-haven demand which is indicative from rising US equities and improving US economic data. This is because inflation worries overshadowed the improvement in economic scenario especially after rise in interest rates in China. Holdings in the world’s largest gold backed fund the SPDR Gold Trust continued its downtrend as it fell to 1225.526 tonnes by 10th February, marking their lowest since late January. For this week, Bullion prices will come under pressure on easing concerns in Egypt. Spot gold has a strong support at $1343/$1330 levels and resistance at $1380/$1392 levels. MCX April Gold has a strong support at 20,100/19,900 levels and resistance at 20,640/20,730 levels.

Base Metal : The base metals pack has declined sharply in the last week, lead and zinc fell by 3.4 percent and 3.2 percent on the LME respectively. Dollar strength, geopolitical concerns in Egypt and worries over monetary policy tightening in China put downside pressure. Aluminum production in the US rose 1.3 percent in January as compared to the prior month. Actual production for January 2011 totaled to 151,590 tonnes which is up from 141,688 tonnes in January 2010 and was higher than 149,621 tonnes output in December. Average daily production of aluminium increased to 4,890 tonnes in January as against 4,826 tonnes in December. For this week, base metal prices will get some relief on latest developments in Egypt. Weakness in the dollar on the back of easing concerns in Egypt will also support a rise in metals. MCX February Copper shall find a strong support at 448/442 levels and resistance at 465/ 472 levels for this week.

Commodity	Rs.	Unit
Gold	2059	10 grams
Silver	47263	kg
Crude Oil	3903	barrel
Natural Gas	175.6	mmbtu
Aluminium	113.8	kg
Copper	448.15	kg
Nickel	1299.8	kg
Lead	118.2	kg
Zinc	113.3	kg

Most Active Scraps in MCX, Precious Metals Continue Lead Market

In mcx precious metals (gold,silver) continue hike as well as continue lead the commodity boom, now almost all mcx traders has question in mind that the gold and silver where does stand. About the gold already attained its peak levels so that downward journey is possible. And in silver continue lead commodity market.

Most active scrap in mcx where we can play also earn money

1.Silver
2.Gold,copper&Natural gas
3.Crude Oil

price on 14-02-2011at 8:10pm

Silver price Expiry 05 march 2011 contract

Expiry Month Unit Open High Lower LTP

05march2011 1kg 45420 45968 45347 45871

Gold price Expiry 05 April 2011 contract

05april2011 10grms 20325 20366 20282 20346

MCX Buliion Tips – MCX Commodities Markets

You can earn Huge money From Mcx With Applying Proper Strategy.
MCX Commodities are a great and huge source of profit from Indian commodities traders the MCX . There are various commodities being traded on these exchanges ranging from Gold, Silver, Copper, Crude, Nickel, Aluminum, Zinc, Lead. Thousands of traders are trading in the volatile and dynamic commodities markets. Some make profits and some end up making losses regularly. With the volumes on Indian Commodities markets increasing day by day they have made some great achievement in terms of volume and the number of contracts being traded.in MCX Trade Precious Metals / Bullion ( Gold, Silver, Platinum) , Base Metals ( Copper, Nickel, Zinc etc) and Energy (Crude Oil, Heating Oil, Natural Gas)

Comex Gold Trading Lower on Thursday Becoase of US Dollar Index Rebounds

Comex gold futures prices are trading lower Thursday morning, as a firmer U.S. dollar index and increased investor risk appetite worldwide work to pressure the yellow metal. Comex April gold last traded down $13.00 at $1,352.20 an ounce. Spot gold last traded down $11.30 at $1,353.00.

New multi-year highs in the U.S. stock indexes this week, combined with multi-month lows in the U.S. Treasury market prices, are suggestive of investor risk appetite that's on the upswing, and that's taking investment demand away from safe-haven gold.

Gold prices extended losses Thursday morning following a bigger-than-expected decline in U.S. weekly jobless claims data that did push the dollar index even higher on the day.

The U.S. dollar index is trading solidly higher Thursday morning, in the wake of the jobless report and on a short-covering bounce in a market that is still overall technically bearish. Still, the overall technically bearish posture of the U.S. dollar index favors the gold market bulls.

Crude oil prices are under mild selling pressure Thursday morning, which is also an underlying negative for gold.

The specter of raw commodity and consumer price inflation increasing in the coming months will limit selling interest in gold, which is an asset held as a hedge against inflationary price pressure.

News earlier this week that China raised key interest rates in a move to curb domestic demand and reduce inflationary pressures has gold traders more focused on the inflationary fires that could become hotter in the coming months. Gold market bulls have also not lost sight of what they call "the U.S. government printing press" that has created so many dollars the past several months, which is also a prescription for increasing inflationary pressure.

China traders and investors are starting to come back from the Lunar new year holiday, and market watchers are waiting to see if strong physical demand for precious metals from the world's most populous nation continues. Some analysts believe Asian demand for physical gold may decrease a bit in the coming weeks.

U.S. economic data due for release Thursday includes the weekly jobless claims report, wholesale trade inventories and Treasury receipts and outlays.

The London A.M. gold fixing was $1,358.75 versus the previous P.M. fixing of $1,365.00.

Technically, the gold market bulls have regained some upside near-term technical momentum this week. Prices are still in a three-week-old uptrend on the daily bar chart.

Gold bulls' next near-term upside technical breakout objective is to produce a close above solid technical resistance at the $1,380.00 area. Bears' next near-term downside price breakout objective is closing prices below solid technical support at this week's low of $1,344.10. First resistance is seen at the overnight high of $1,365.00 and then at this week's high of $1,368.70. Support is seen at $1,350.00 and then at $1,344.10.

March silver futures last traded down 50.0 cents at $29.77 an ounce Thurssday morning. Profit-taking pressure is featured after prices hit a fresh six-week high on Wednesday. Silver bulls still have the solid overall near-term and longer-term technical advantage. Prices are still in a three-week-old uptrend on the daily chart.

The next downside price breakout objective for the silver bears is closing prices below solid technical support at $29.00. Bulls' next upside price objective is producing a close above solid technical resistance at the January contract and 30-year high of $31.275 an ounce. First support is seen at $29.50 and then at $29.26. Next resistance is seen at $30.00 and then at the overnight high of $30.225.  

Gold : prices| facts| figures| research

Gold

Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.

Major Characteristics

• Gold is unique as it is both a commodity and a monetary asset.
• Its stability and high value makes it virtually indestructible and ensures that it is almost always recovered and recycled.
• There is no true consumption of gold in the economic sense as the stock of gold remains essentially constant while ownership shifts from one party to another.
• Although gold mine production is relatively inelastic, recycled gold (or scrap) ensures there is a potential source of easily traded supply when needed, and this helps to stabilise gold price.
• Economic forces that determine the price of gold are different from, and in many cases opposed to the forces that influence most financial assets.

Global Supply Demand Scenario

• The total above ground stocks of gold is estimated to be around 1,63,000 tonnes by Gold Fields Minerals Services (GFMS) as on end of 2008
• Out of this total stock, 51% is estimated to be present as jewellery, 18% as official reserves, 17% held as investment, 12% used for industrial purposes and 2% is unaccounted for.
• Jewellery accounts for almost two-thirds of annual gold demand with investment and industry being the other main drivers. The total annual global demand for gold has averaged 3530 tonnes in the last three years (2005 - 2008). However, it is expected to dip slightly in 2009, owing to the sharp rise in prices.
• Five countries, viz., India, China, USA, Turkey, Saudi Arabia and UAE account for above 60% of gold demand, with each market driven by a different set of socio-economic and cultural factors.
• The total global mine production is relatively stable, averaging approximately 2,455 tonnes per year over the last three years. Recycling of old gold scrap and official sector sales are the other major sources of supply, which have averaged 1084 tonnes and 378 tonnes in the last three years.
• South Africa has been a major gold producer since 1880s and it is estimated that about 50% of all gold ever produced has come from this nation. While, during the early 1980's it produced about 1000 tonnes, the output in 2007 dropped to just 272 tonnes.
• China with a production of 276 tonnes, overtook South Africa as the world's largest gold producer in 2007 for the first time since 1905 that South Africa has not been the largest. The other major producers are USA, Australia, Russia and Peru.
• World Gold Markets
• OTC markets at London (LBMA), New York and Zurich
• Gold derivative exchanges at New York – CME (COMEX), Tokyo (TOCOM), Mumbai (MCX)
• Istanbul, Dubai, Hong Kong and Singapore are doorways to important consuming regions

India in World Gold Industry

India in World Gold Industry

(Rounded Figures) India (In Tons) World (In Tons) % Share (Rounded Figures) India (In Tons) World (In Tons) % Share Total Stocks 15000 160000 9 Central Bank holding 558 30,100 2 Annual Production 3 2450 0 Annual Recycling 250 1100 23 Annual Demand 700 3550 20 Annual Imports 600 --- --- Annual Exports 60 --- ---

Indian Gold Market

• India is the world's largest consumer of gold. Indians normally buy about 25 per cent of the world's gold, purchasing around 700 - 750 tonnes of gold every year.
• However, the sharp price increase in 2008 and 2009 has impacted demand with total demand in 2008 dipping to 660 tonnes. It is further expected to shrink in 2009 with demand in first three quarters of 2009 totaling only around 265 tonnes against 553.5 tonnes in the same period of the previous year.
• As India's domestic primary production of gold is very less, at around 2-3 tonnes a year, the country imports most of its domestic requirement.
• Thus, India is also the largest importer of the yellow metal and has averaged imports of around 600 tonnes a year. However, 2008 imports dipped to around 400 tonnes of gold and it is further expected to dip to around 200-220 tonnes in 2009 owing to high prices.
• India's gold demand is firmly embedded in cultural and religious traditions. It is also valued in India as a savings and investment vehicle and is the second preferred investment after bank deposits.
• Gold hoarding tendency is well engrained in the Indian society and unofficial stocks held by Indians is estimated to be well above 15,000 tonnes, which is around 9% of the total global gold stocks.
• Domestic consumption is dictated by monsoon, harvest and marriage season. Indian jewellery offtake is sensitive to price increases and even more so to volatility.
• In the cities gold is facing competition from the stock market and a wide range of consumer goods.
• Facilities for refining, assaying, making them into standard bars, coins in India, as compared to the rest of the world, are insignificant, both qualitatively and quantitatively.
• In July 1997 the RBI authorized the commercial banks to import gold for sale or loan to jewellers and exporters. At present, 13 banks are active in the import of gold. This reduced the disparity between international and domestic prices of gold from 57 percent during 1986 to 1991 to 8.5 percent in 2001.

Market Moving Factors

Indian gold prices are highly correlated with international prices. However, the fluctuations in the INR-US Dollar impact domestic gold prices and have to be closely followed.

• The global prices are driven by a host of factors with macro-economic factors like strength of the economy, rising importance of emerging markets, currency movements, interest rates being major influencing factors.
• Supply-demand is a major influencer, amid rising global investor demand and almost stable supplies.
• Shifts in official gold reserves, reports of sales/purchases by central banks act as major price influencing factors, whenever such reports surface.
• The investment in gold is influenced by comparative returns from other markets like stock markets, real estate other commodities like crude oil.
• Domestically, demand and consequently prices to some extent are influenced by seasonal factors like marriages. The rural demand is influenced by monsoon, agricultural output and health of the rural economy.

  • Who owns the gold ?

About 30,000 tonnes of the world’s gold [20-25% of above ground inventory] is held in central bank vaults.

Major Central Bank Reserves (2000)

Nations & institutions	Reserves (Tonnes)
USA	8139
Germany	3469
IMF	3217
France	3025
Switzerland	2590
Italy	2452

The totals for other central banks tail off rapidly after these main holders.  Most only hold a few hundred tonnes, and together they make up a bit over 30,000 tonnes in all.
The rest is held by individuals in the form of gold jewellery [approx 70,000 - 80,000 tonnes], coin and privately held bullion [combined at 20,000 tonnes].
90% of the gold above ground has been mined since the start of the California gold rush in 1848. Modern power machinery and chemicals have steadily lowered the price at which gold can be extracted. The average production cost of the world's biggest producer - South Africa - is about $238 per troy ounce. 1997 industry estimates by the Federal Reserve Board suggested an average production cost worldwide of $300 per ounce.

Gold Rises Inflation Concerns After Chinese Rate Hike

As soon as Gold future are higher in the Result of the third chinese rate hike since Tuesday.according to current scenario the tightening as a sing that inflation is gaining traction in country.

Copper initially fell after the rate hike, but has since pared its losses on idea that Chinese demand remain strong.

At 9:22 a.m. EST, most-active April gold futures were $15.20, or 1.1%, higher at $1,363.40 an ounce on the Comdex division of the New York Mercantile Exchange. The market developed technical follow-through momentum as it rose in the aftermath of news that the People’s Bank of China will increase the one-year yuan lending rate moving to 6.06% from 5.81%.

“China raised rates and gold went up as a confirmation of the inflation story,” said George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures.

“Maybe we’re going to see much higher-than-expected inflation numbers out of China,” Zarembski said. “Unless the government really puts the hammer down and makes it known they are serious about cutting inflation, I think the trend overall is still bullish and corrections are a healthy way to get weak longs out of the market.”

Institutional investment demand appears to be returning to gold after its correction lower during the early part of the year.

“In our view, provided there isn’t an over-tightening, then Chinese base metals demand will still be on track for another year of strong, albeit slower, growth” .

Silver steady | Gold declines

Today Mumbai, Feb 7 (UNI) Silver was steady  at Rs 44,975 per kg on scattered demand even as Gold eased by Rs 80 per ten gm to Rs 20,000 on lower buying support from local dealers, traders at the Bombay Bullion Association (BBA) said.

Silver opened lower by Rs 15 per kg. Later, it finished steady at Rs 44,975 per kg on scattered demand from local dealers.Gold eased by Rs 50 per ten gm in the opening session. At the end of the day, it further eased to close in red at Rs 20,000 for standard gold and Rs 20,100 for pure gold.Standard and pure gold plummeted by Rs 80 per ten gm each owing to heavy selling pressure from ornament makers. In international markets like London, Silver rose to USD 29.17 an ounce and Gold slightly weakened to USD 1,347 an ounce.

Following were the closing rates of spot Silver and Gold Silver (per kg).999 grade Rs 44,975 (44,975) Gold 99.5 standard mint Rs 20,000 (20,080) Gold 99.9 pure gold Rs 20,100 (20,180)

Bullion Investing Tips

You need to consider three things while buying gold for an investment purpose. You would find several trading tips and techniques available online. By following the three gold trading tips below you can earn good money from gold trading and investment. The first tip is to invest in gold coins and bars. People buy gold for the purpose of securing their wealth and also to increase their wealth. Gold has genuine value and hence it is always safe to have gold coins or bars so that you can exchange them for cash whenever you want to. Women usually get attracted to gold as it enhances their beauty when they wear gold jewelry.

After buying gold you should take precautions to store it somewhere safe. Nowadays you can approach banks and other financial institutions to get a safe deposit box. You will have to pay for this service. There is very less risk involved in trading gold bars and gold coins. You get good returns after several years. The second point in our list of gold trading tips is to buy gold ETFs online. You can buy gold online and not go to any store to buy it. In this you cannot physically touch or feel this gold and you also don't require any storage box. Even if the price falls you can still make profit by selling the contract.
The third point in our list of gold trading tips is about portfolio diversification. Many people invest only in one investment vehicle. There is no guarantee that his investment will bring him high returns. So an ideal way to earn money is to diversify the portfolio. If one investment fails then you can make money from others. In this volatile market it is the safest method.
Your investment portfolio must be added with more capital and more investment vehicles slowly to make money. These three tips are very useful if you go for long or short term investment. Within few years you will get good returns from your portfolio.
 

Learn How to how to profit from future trends, and what to do to avoid pitfalls. We provide insights, strategies and opportunities to help you navigate these treacherous, unprecedented times.