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It’s Big Deal For Commodities On Yuan Flexibility

bullionguru — Sat, 26 Jun 2010 06:29:43 +0000

China is One of the Largest Consumer Of Various Commodities Like Base metal : Copper, Zinc, Lead, Nickel, Aluminum & Bullion : Gold & Silver.

A Flexible Yuan Can Help The Chinese Peoples To Increase Their Standard Of Living this May Lead To High Demand From Their Own People Of Daily Necessities. Demand is also Totally Demand On The Flexibility Of Yuan Against Dollar.

China is New Big Consumer Market Like India. After The 2008 Recession, This Was Biggest Hit For Chinese Exporters .So, Chinese Central Bank Decided To Flexible Yuan . It is Expected That Demand For Dollar Related is Also Increase In China .

This Action Was Positive For Base metals & Bullions in Short, Medium & Long Term View

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What Next For Silver?

bullionguru — Sat, 26 Jun 2010 06:27:26 +0000

Silver Prices Moves Upside On Major Investment by Fund Manager in Silver. Silver price Moves Strongly in Upside on the Strong Manufacturing Demand in Euro – Zone & U.S.A.

In U.S.A & Euro – zone Strong Physical Demand Supports Silver Price In Comex & MCX. We Also Saw That Silver Follows The Gold Trend. Gold Continuously Breaking Daily New Highs In Comex & Silver Also Follows Them.

We Fore – See Silver In Comex Upton $ 19.40 – 19.60. If Holds $ 18.80 Then Silver Moves To Downside & Hits $ 18.20 – 17.60.

We Fore – See Silver Price In 30,100 – 30,260 If Silver Holds Rs 29,600 in MCX . If Holds Rs 29600 Levels Then We Fore See Silver at Rs 28800 – 27600 in MCX.

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Gold Hits Year Highs !!

bullionguru — Sat, 26 Jun 2010 06:25:20 +0000

Nowadays, Gold Moving Daily on the Basis of Technical. Hedge Funds & Gold Funds Supports the Gold Prices in Lower Levels on Comex. Due to the European Financial Crises, ECB Holds there Interest Rate at Low for a Extended Period & Federal reserve Bank May be Do Same.

Large Demand of ETF’S Shares in U.S / Singapore / Dubai / U.K & India May Lead to Maintain the Gold Demand In India in the Form Of Paper Gold or Gold Shares, We See Good Daily Volumes in Benchmark Gold ETF [ GOLD BEES].

GOLD BEES Trading At Rs 1841 In Indian stock Exchanges, It Is Looking To hit 1880 – 1900 in short Run. If Spot Gold Breaks New Years On Comex.

We Fore-see Gold Price In Comex at $ 1250-1280 Levels. If Gold Trades $ 1242

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Gold & Silver Prices Surges Upton Year High

bullionguru — Sun, 11 Apr 2010 10:10:50 +0000

Large Surge In Gold & Silver Prices This Week, Bullion : Gold & Silver Breaks Their Resistance Level Like Gold Breaks $ 1144 & Silver Breaks Their Resistance Level Of $ 18.12.

Before The Interest Meet Result Of Bank Of England & European Central Bank , Various Gold Funds Mangers Interested In Buying gold For Safe Heaven Until The Greece Matter Not Over.

Greece Needs Around 20 – 25 Billion Euro To Cover Their Financial Deficit & Greece Also Took Many Steps To Cover Or Decreasing their Financial Deficit By Imposing More taxes.

On The Latest Issues Like Greece Bail Out, US-Russia Partnership On Decreasing their Nuclear Weapon & both Countries Warned Iran To Stop their Nuclear Program Are Giving More Interest In Gold & Silver As Investment.

If Gold Able To Trade Above $ 1162 , Then We Look Prices to hit $ 1176 – 1190 Till All Tension Over & If Silver Able to trade Above $ 18.12 In Comex Then We For See Silver Prices at $ 18.60 – 18.84.

Unless Prices Moves In A Range Of $ 1120 – 1160 For Gold & for Silver it Moves In Range Of $ 17.40 – 18.12.

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Gold Bonding Wire Versus Copper Bonding

bullionguru — Sun, 07 Mar 2010 15:15:36 +0000

Semiconductor Industry Consumes Around 137 Tonne Gold In a Year in Gold Bonding For Semiconductor Packaging. Due to Recent Rise In Prices Of Gold From $ 750 To $ 1150 , the Total Cost Of Wire Suppliers Increases That’s Why , Many Of the suppliers Used Copper Bonding To Decrease their Total Cost. There was Recent rise In Copper Wire Shipments From Various wire Suppliers to the Semiconductor Industry Will Reach Approximately 5.8% of Total Shipments (in meters), up from just 1.6% of the Shipments Reported in 2007. Many Wire Suppliers Also Agreed That Copper Wire Bonding is Lack Reliable From Gold Bonding For Semiconductors. Copper Wire Bonding also Creating A Little Threat To Gold Industry.

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COPPER GAINING DEMAND CONFIDENCE

bullionguru — Sat, 20 Feb 2010 14:57:58 +0000

Fed Raises Discount Rate By 0.75 % On 18 Feb Signaling end Of New Stimulus Measures, this Action Show A Smooth Recovery In Economy From Recession, By Which Industrial Demand Is Going To Peak In Next few Years.

Copper Witnessed A Fresh Positions build Up In Long side In all Global exchanges. Copper Demand Is On Rising Month By Month. Many Developed & Developing countries Begins To Increase Their Exports & Imports , Demand In Mining sector Is On Peak In India. Continuous Rising Growth Seen At This sector. Auto Industry Showed Biggest Recovery Since Recession. Demand Of Copper Made Products Rising 7 – 10 % Till 2012.

From Last Many Stimulus Packages Helps Copper Price To Recover From Rs 138 To Rs 340 In MCX. But LME Inventories Is On Near 5 Year Highs. Copper Funds Increasing Their Holdings On Increasing Demand Out Look & Also Increasing Their Price Outlook.

Copper Looking To hit $ 4.20 – 6.00 lb till 2012 – 2013.

In MCX Our Copper Price Target Of Rs 380 – 400 – 440 In 2010. I Expects It Will Trades In Range Of Rs 250 – 440 In 2010.

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Natural Gas Charts Looking Technically Bullish Target Rs 400

bullionguru — Wed, 16 Dec 2009 05:14:13 +0000

Natural Gas Charts technically bullish side For Short Term Or 3 Months View. Fundamentals Are Strong But Global Warming Also Slightly Affects Demand Of Natural Gas In USA. But Now Demand Time Initiates From Mid November To Mid March.

Technical charts Are Also Strong Anyone Can Buy Natural Gas At Range Rs 200 – 240 sl 168 tgt Rs 280 – 360 – 400 – 424.

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GOLD TREND AT $ 1050 (UPDATE 1)

bullionguru — Wed, 07 Oct 2009 13:29:57 +0000

Gold Making New High day by Day. Now, Gold trading At $ 1045, Now, Everybody Confuse where It will go ? There was news all global about “Inflation” by which gold attracts now everyone. But Now, Traders, Miners & Investors Hedge their Position Against Inflation Which is affected Next Year to Around The Globe. Various Global Big Gold funds Adding gold In their Portfolio To increase their return by buying Gold As Hedging against Inflation & Dollar Weakness. If We See Dollar Weakness Increases Against All Major Currencies Then We Gold Prices at $ 1060 – 1075 – 1090 – 1110 in coming & Major Support For Gold At $ 1025 – 1002.50. Downside Risk : Gold Looking Downside If It Breaks $ 1025 & 1002.50 then it looks downside & Unless It Looking Bullish Because Mostly Gold Investors Hedging Their Position Against Dollar Weakness & Inflation which is to hit by next year & unless it is Bullish.

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IMF GOLD SALES UP TO 403.30 mt

bullionguru — Mon, 21 Sep 2009 05:46:08 +0000

IMF Comments ” The Board approved the sale of up to 403.3 metric tons, or about one-eighth of the Fund’s total gold holdings. The proceeds will help finance a new income model for the IMF, making the 186-member institution less dependent on its lending revenue to cover expenses, which include surveillance of members’ economic and financial policies and other non-lending activities. Part of the money raised will also help boost financing for concessional lending to low-income countries.

“I am delighted that the Executive Board has given its overwhelming backing to limited gold sales to put the financing of the IMF on a sound long-term footing, and to enable us to step up much-needed concessional lending to the poorest countries,” Managing Director Dominique Strauss-Kahn stated. “These sales will be conducted in a responsible and transparent manner that avoids disruption of the gold market.”

Bullionguru Comments On IMF Gold Sales : IMF moves not surprising me ,it is very beneficial for IMF to help African Countries , where the position Of Economy going worse day by day. But They Also do not disrupt Gold market regarding their prices.

Gold Rises Above $ 1000 due to major buying by various Central banks & Etf’s of Gold in open market. But now They Directly Buy Gold From IMF. In short term view, Central banks stops purchasing From Open Market.

This May Stops or Full Stop To Gold Rally in short term view, We For see Gold Prices near $ 900 or more downside in coming months , if it breaks $ 1000 & 960 bullish mark.

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FUTURE OF GOLD TRADERS AT $ 1000

bullionguru — Mon, 14 Sep 2009 09:34:09 +0000

After a volatile last week of August to first week Of September Gold in Comex trades From $ 950 to $ 1008 due to Technical Buying Made By the various Central Banks Of World & Some Etf’s Buying Supports Gold In Comex For Strong Rally .

But Traders & Investors was not ready to buy Gold In Comex Above $ 1000 due to three times downfalls from this level to $ 900 – 820 – 740. That’s Traders are not ready To trade Or Buy Gold Above $ 1000 mark.

Global Economy Recovery is the another Factor That reduces faith of Investor in Gold For Next Year As a investment Purpose & Higher Inflation gives some support to gold prices for Next year.

If Gold Crosses $ 1008 levels then We For See Gold Prices in Comex Up to $ 1020 – 1038 – 1050 in maximum Side . But If Gold trades Under $ 1000 levels then Our Tgt $ 960 – 930 – 900 – 820 in Lower side For Next Three Months or Till December End.

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