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Tuesday, February 15, 2011

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.

10 grams
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