MCX Commodity daily Newslatter For Today 29 Nov. 2011

GOLD JUMPS 1 PERCENT ON EUROPE'S BAILOUT HOPES.
OIL CLIMBS TO HIGHEST IN MORE THAN A WEEK ON U.S. SALES, SYRIAN SANCTIONS.
LME COPPER CLINGS TO GAINS; IMF SAYS NO TALKS WITH ITALY.
INDIAN SPICES TRADE UP ON SHORT COVERING.

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MCX Silver Buy Or Sell

Silver Sell Below Rs 53000, target of Rs 52,000, stoploss Rs 53640


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MCX Bullion Weekly Report 9 may To 14 May 2011

SILVER RISE ENDS FIVE-DAY ROUT, GOLD UP ON US JOBS
Silver rose 2 percent on Friday, snapping a five-day losing streak that cut prices by almost a third, while Gold rose after encouraging U.S. jobs data
triggered a broad bounce in beaten-down commodities. Silver, hit by a succession of margin hikes that nearly doubled costs, had suffered the biggest
sell-off since prices collapsed in 1980. COMEX OPEN INTEREST UP

Gold touches new peak; silver hits 31-yr high

Both the precious metals surpassed all previous records to hit new highs today. While gold surged Rs 200 to Rs 21,420 per 10 grams on rising seasonal demand, silver rose by Rs 1,250 to Rs 54,450 per kg on heavy buying by stockists and industrial units, amid firm global cues, reports PTI.

Trading sentiments for the yellow metal turned bullish on heavy buying support, following turmoil in Libya, surging crude oil prices and shifting of funds from weak stock markets to bullion on the domestic front.

Globally, gold gained 0.5% to USD 1,437.85 and silver increased 2.3% to USD 36.40 an ounce, the highest level since February, 1980.
Traders said firm trends at futures market also influenced the trading sentiment to some extent. For FREE mcx Tips
 For today's support&Resistance