Gold Tips

MCX Gold Weekly Technical and Fundamental Analysis Report 4 July to 9 July 2011

GOLD MARKET OVERVIEW
COMEX Gold is in a consolidation phase. Last week COMEX Gold was sustaining at lower levels and closed below its 6 week low. In the coming week 1460 $ will act as a major support in COMEX Gold. If COMEX Gold sustains above 1460 $ an ounce then above 1490 $ an ounce it can touch the, level of 1505$ an ounce and if COMEX Gold sustains below 1460$ then it can go slightly down and test the level of 1442$ an ounce.
GOLD STRATEGY 
For the next week traders can use buy on lower level strategy if COMEX Gold sustains below 1460 $ an ounce, then  above 1490$ it can test the level of 1505$ an ounce and above 1525$ it can further move upward. Trade by keeping  the strict stop losses.
Major support for COMEX Gold in the coming week is 1460$ and 1425$.
Major resistance for COMEX Gold in the coming week is 1560$ and 1590$
Major support in MCX Gold is 21500 and 21100
Major resistance in MCX Gold is 22200 and 22500
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MCX Silver Outlook 
The silver has declined by nearly 1.5 per cent. MCX silver has slipped below Rs 51,000. So far, 32 per cent from record levels of Rs 75,000 is broken silver.
Weakness in the silver remains in the spot market. With a 2 percent decline in international market, silver is trading at 34 dollars.
Gold Outlook 
Stance of the weakness in gold and silver. On MCX, gold touched a low of 22035.

Crude Oil Outlook
The continued decline in crude oil. NYMEX $90 per barrel crude oil prices have come down.
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MCX Commodities Market Analysis Report for Where Should You Trade in Mansoon Session

Gold and Silver Technical Report and Fundamental 
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Silver were seen in the declining trend today. Silver on MCX is trading down nearly 1 percent, while gold is trading down by about half per cent. Dollar rally and decline in international market has had an impact on domestic businesses.

Today's sharp decline in crude oil. While more broken than 1 per cent at MCX on NYMEX crude oil prices have plummeted by nearly 2 per cent. The Federal Reserve has slashed its estimate of growth of the U.S. economy. According to the U.S. economy than the Fed expects growth to remain low. The crude oil demand has been feared to drop.
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MCX Commodity Newsletter for Today 23 June 2011

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GOLD STEADY AHEAD OF FED, NEAR 2-WEEK TOP.
OIL RETREATS ON CAUTION AHEAD OF FED MEETING.
COPPER DOWN AS MARKET EYES GREEK DEBT, FED MEET.
DOMESTIC SPICES COMPLEX TRADE UP.

Copper eased as the dollar strenghtened ahead of a U.S. rate statement on Wednesday and markets focused on Greece, while signs of stronger demand growth from top consumer China helped underpin prices. Oil bounced from its earlier dip on Wednesday ahead of the release of the U.S. weekly oil data, which is expected to show a drop in crude inventories.
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MCX Precious metals call Today Evening Round up | MCX Index Calculation

MCX Silver Buy 

Buy Silver above 56800 Stoploss 56600 Target 57200 57350 

MCX Index

At the Multi Commodity Exchange (MCX), COMDEX is trading up by 23.61 points, or 0.69%, at 3,447.35 after opening at 3,428.40.

Today In MCX Metals including MCX Copper Metal in trading Strong growth seen. Copper is trading with 1.5 percent growth. While business is better seen in silver, silver, about 2.5 per cent growth today.MCX Silver 60000 This Week Read More Click Here

MCX Basemetals

Other index like MCXMETAL is trading upward by 47.86 points, or 1.07%, at 4,515.76 after opening at 4,472.82. Meanwhile MCXENERGY is trading up 17.91 points, or 0.57%, at 3,163.71 after opening at 3,151.61. MCXAGRI is trading down by 8.97 points, or 0.35%, at 2,567.11 after opening at 2,575.41.

MCX Commodity News

MCX Metal half per cent on all business with the edge are visible. Despite the strong euro against the dollar has appreciated by copper nearly half per cent.

On MCX, crude oil is trading with the half-cent edge. However Enaymeckas percent decline in the crude oil. 

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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.
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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