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Friday, June 3, 2011

MCX Bullion and Basemetals Market Analysis and Prediction | Silver under 50,000

MCX Bullion  Call
MCX silver (July Futures): Buy - 53600-53650, Stoploss -53400 and the target - 53850

MCX Gold (August Futures):Buy - 22260-22270, Stoploss - 22600 and the target - 22,500

 MCX Barometer
The sharp decline in silver. MCX silver at 1 per cent is broken. While COmex $ 36 on the silver has been going down. Gold trading is too dull Today.
MCX Comdex was down by 0.55% to 3,464.26 points, MCX Energy was up by 0.26% to 3,226.17 points and MCX Metal was down by 1.37% to 4,482.47 points.
MCX Bullion Outlook Today and News MCX Gold and Silver Market Prediction That Trend Will Be What Down or Up Analysis Click Here
All bullion contracts showed down trend. Gold June 11 contract was down 0.31% to Rs 22,307 per 10 grams, GoldM June 11 contract was down by 0.24% to Rs 22,330 per 10 grams and Gold guinea June 11 contract was down by 0.18% to Rs 18,008 per 8 grams and Gold Petal July 11 contract was down by 0.87% to Rs 2,282 per grm. Silver July 11 contract was down by 3.40% to Rs 54,633 per kg, SilverM June 11 contract was down by 3.99% to Rs 54,651 per kg and Silver MIC June 11 contract was down by 3.99% to Rs 54,663 per kg.
MCX Energy Outlook Today
All energy contracts showed mixed trend. Natural gas June 11 contract was up by 8.68% to Rs 215.40 per MMBTU while crude oil August 11 contract was down 1.35% to Rs 4604.00 per barrel.
MCX Bullion and Basemetals FREE Daily Call and Live News 

MCX Bullion Daily News Letter Today 3 June 2011

GOLD GAINS FOR SECOND DAY AS US WORRIES MOUNT.
OIL FIRMS AS DOLLAR FALLS, OPEC EYES TARGET HIKE.
COPPER DIPS ON GLOOMY US ECONOMIC OUTLOOK.
DOMESTIC OIL SEED AND EDIBLE OIL OFFER UP.

MCX Live News and Technical Report of Gold and Silver
Gold eased but held in sight of four-week highs on Thursday, supported by concern about the outlook for U.S. growth and the European debt crisis. The dollar has fallen to its lowest in a month against a basket of currencies. Copper fell to its lowest in a week on Thursday after U.S. weekly jobless claims fell less than expected, heightening concerns about the world's biggest economy and outweighing a normally supportive weak dollar. Crude oil prices slipped in choppy trading on Thursday, reversing earlier gains, due to an unexpected jump in crude oil inventories in the United States.
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