Commodity Gold Silver & Base metal
Today we can talk commodity Gold & Silver.MCX Gold & Silver stability Slipped tomorrow. 5 percent drop in business tomorrow MCX 1,585 dollars per ounce on the gold level was reached .With 7.5 percent silver also down on tomorrow.
Reason is that weakness of the rupees against the dollar, the sharp decline in gold today. If we talk to domestic market so it’s approximately one percent is trading at Rs 27949.During this entire weak has turn down by 8 percent in gold.
Silver is seen today in force situations. Silver on MCX with nearly one percent trading at Rs 53844.
If we talk to base metal .Aluminum and zinc in the domestic market is trading at the low border, while copper,nickel and lead are being are traded on the turn down.
Gold &Silver closing position on Tomorrow
Gold 14 Dec 11 28419.00 (0.89 percent)
Silver 14 Dec 11 54720.00 (0.89 percent)
Fundamental Calls
SELL GOLD FEB BELOW 27900 TARGETS 27877 , 27852 , 27824 STOPLOSS 27943SELL GOLD FEB BELOW 27800 TARGETS 27777 , 27752 , 27724 STOPLOSS 27843
SELL COPPER FEB BELOW 392.5 TARGETS 391 , 389.5 , 388 STOPLOSS 395.5
Technical & Fundamental Calls with 95 percent Accurecy.
