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Thursday, November 3, 2011

MCX Basemetals Trading Strategy and Tips Intraday | Copper Call

Todai On MCX we has seen huge volatility in Copper. Copper trading under .5% percent Intrady it has touched more than 2% low. London Metal Exchange is on a declining trend. Copper on LME prices have gone down to $ 8,000. The collapse in Greece and the G-20 meeting today on the business impact of the copper is being witnessed.Among other base metals gained more than 1 per cent over the MCX is trading at Rs 106.
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MCX Silver Market Analysis Report and Technical Levels For Today

After Analysis the LONDON Metal Exchange Data and News for Silver I Expect Silver would trade upper side today. First Resistance near about Rs. 58000 and up from this level Rs. 59500 however the support for Silver Rs. 54200 down fron this level Rs. 52800.
On a company basis, over the first three quarters of the year, silver output at GoldCorp’s Penasquito mine in Mexico, has grown by a third y/y to 363 tonnes while output at the Fresnillo mine in Mexico has fallen by 1% over the same period to 724 tonnes, bank added.
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MCX Bullion Commodity Letter For Today 3 Nov 2011

GOLD RISES ON DEEPENING EURO ZONE CRISIS.
BRENT BOUNCES ON FED HOPES, GAINS FRAGILE.
COPPER UP ON RISK APPETITE; PMIS CURB GAINS.
INDIAN SPICES COMPLEX TRADE LOW.
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