Thursday 4 October 2012

MCX Today Tips For November Contract Slips

Gold rate on MCX declined today. At 15:19 hrs MCX Gold October contract was trading at Rs 31032.00 down Rs 18.00, or 0.06%. The MCX Gold price touched an intraday high of Rs 31080.00 and an intraday low of Rs 30984.00. So far 2135 contracts have been traded. MCX Gold rate have moved up Rs 992.00, or 3.30% in the October series so far. More Information about MCX Today tips visit my site mcx-today.blogspot.com

Tuesday 25 September 2012

MCX Gold Edges Up Hit High Record In India

MCX Gold inched up on Tuesday, recovering from a one-week low hit in the previous period when the jewelry dropped together with other merchandise as poor In in german data fanned problems about international growth, giving the dollar a increase. More Information about mcx tips india visit my site mcx-today.blogspot.com

Tuesday 18 September 2012

MCX Today Tips For Gold Demand Very Weak As Buyers

Today MCX Gold demand in India, the world's biggest consumer, was subdued on Monday as buyers waited for the rupee to stabilise before making purchases for the festive season. More information about mcx today tips visit my site mcx-today.blogspot.com

Monday 10 September 2012

Silver Tips Today for Contract Declines

Silver rate on MCX slipped today. At 10:58 hrs MCX Silver December contract was trading at Rs 61709.00 down Rs 630.00, or 1.01%. The MCX Silver price touched an intraday high of Rs 62037.00 and an intraday low of Rs 61551.00. So far 7347 contracts have been traded. MCX Silver rate have moved down Rs 1301.00, or 2.05% in the December series so far. More information about silver tips today visit my site mcx-today.blogspot.com

Monday 3 September 2012

MCX Gold Trading Importers Wait For Price Declines

Indian MCX gold very importers sought bigger rate falls on Friday even as the yellow metal extended losses for a fourth session, with gold trading awaiting US Federal Reserve Chairman Ben Bernanke's speech later in the day for direction. More Information about mcx gold trading tips visit my site mcx-today.blogspot.com

Tuesday 28 August 2012

Free MCX Gold Tips :Gold Price Touches Fres High

MCX Gold prices today touched all-time record of Rs 31,400 per 10 grams in the bullion stock market here on strong cues from global markets. Traders said gold registered gains for the seventh trading session in a row, rising by Rs 100, on sustained buying by stockists amid rally in overseas market. More Information about Free mcx gold tips visit my site mcx-today.blogspot.com

Saturday 25 August 2012

MCX Gold October Contract Intraday Flat

Gold rate on MCX were trading flat. At 15:54 hrs MCX Gold September contract was trading at Rs 30736.50 up Rs 24.50, or 0.07%. The MCX Gold price touched an intraday high of Rs 30774.00 and an intraday low of Rs 30626.00. So far 15913 contracts have been traded. MCX Gold rate have moved up Rs 437, or 1.43% in the September series so far. More Information about Mcx intraday tips visit my site mcx-today.blogspot.com

Thursday 23 August 2012

MCX Tips India Gold Price Wary at 2 Month High

In Indian MCX gold trade refrained from taking fresh positions on last day as the yellow metal rose for a 6th straight session to hit its highest level in nearly two months. More Informatin about mcx tips india visit my site mcx-today.blogspot.com

Tuesday 21 August 2012

MCX Today Tips For Gold Demand Stays Weak as Rate Up

Today Demand for MCX gold in India, the world's biggest consumer, stayed subdued on Friday after rate moved higher tracking a similar trend overseas and as poor monsoon rainfall slashed purchases in key southern stock markets. More Information about mcx today tips visit my site mcx-today.blogspot.com

Thursday 16 August 2012

Silver Tips Today for Nov Contract Gains

Sivler rate on MCX gained today. At 16:03 hrs MCX Silver August contract was trading at Rs 53553.00 up Rs 180.50, or 0.35%. The MCX Silver price touched an intraday high of Rs 53617.00 and an intraday low of Rs 53375.50. So far 28894 contracts have been traded. MCX Silver rate have moved down Rs 8447.00, or 13.63% in the August series so far. More information about Silver tips today visit my site mcx-today.blogspot.com

Tuesday 14 August 2012

MCX Intraday Tips For Gold August Contract Trading Higher

Today Gold rate on MCX were trading higher. At 14:02 hrs MCX Gold August contract was trading at Rs 24007.00 up Rs 96.50, or 0.41%. The MCX Gold price touched an intraday high of Rs 24009.00 and an intraday low of Rs 23920.00. So far 5990 contracts have been traded. MCX Gold rate have moved up Rs 522.00, or 2.21% in the August series so far. More Information about MCX intraday Tips visit my site mcx-today.blogspot.com

Saturday 11 August 2012

MCX Gold Trading Refrain from Buying

MCX Gold trading in India took to the sidelines as rate steadied near the Rs 30,000 per 10 grams mark, despite seeking to stock market for festivals, even as a drought threatens to cut demand from rural areas. More information about Mcx gold trading tips visit my site mcx-today.blogspot.com

Thursday 9 August 2012

Free MCX Gold Tips for Gold Prices And Silver Slips

In Indian MCX Gold stayed flat as a weaker rupee outweighed leads from overseas stock markets, with traders seeking direction in prices before booking deals to stock for festival season. More Information about Free mcx gold tips visit my site mcx-today.blogspot.com

Tuesday 7 August 2012

MCX Tips India For Silver Dec Contract Trades Flat

Today MCX Tips India For Silver Rate on MCX were trading flat. At 16:08 hrs MCX Silver September contract was trading at Rs 53320.00 up Rs 45.00, or 0.08%. The MCX Silver price touched an intraday high of Rs 53420.00 and an intraday low of Rs 53151.10. So far 11830 contracts have been traded. MCX Silver Rate have moved down Rs 7080.00, or 11.73% in the September series so far. More information about mcx tips india visit my site mcx-today.blogspot.com

Saturday 4 August 2012

MCX Today Tips For Sept Contract Trades Flat

Today Gold rate on MCX were trading flat. At 12:15 hrs MCX gold August contract was trading at Rs 23904.00 unchanged. The MCX gold price touched an intraday high of Rs 23950.00 and an intraday low of Rs 23895.00. So far 2568 contracts have been traded. MCX gold rate have moved up Rs 419.00, or 1.78% in the August series so far. More Information about mcx today tips visit my site mcx-today.blogspot.com

Thursday 2 August 2012

Sivler Tips Today For Nov Contract Trade Lower

Today Silver prices on MCX were trading lower. At 16:08 hrs MCX Silver August contract was trading at Rs 53748.00 down Rs 250.00, or 0.47%. The MCX Silver rate touched an intraday high of Rs 53957.00 and an intraday low of Rs 53665.00. So far 30368 contracts have been traded. MCX Silver rate have moved down Rs 7949.00, or 12.88% in the August series so far.More Information about silver tips today visit my site mcx-today.blogspot.com

Tuesday 31 July 2012

Today Intrading Strategies on MCX Gold

Today We have come out with its trading strategies on MCX Gold. MCX Gold traded little changed, following a five week high in tandem with the Euro last week. Concerns over potential monetary easing from major central banks kept gold above $1620 an ounce. More Information about Mcx intraday tips visit my site mcx-today.blogspot.com

Thursday 26 July 2012

Mcx Gold Trading Tips For August Contract Rades Higher

Today Gold prices on MCX were trading higher. At 14:56 hrs MCX Gold July contract was trading at Rs 23716.00 up Rs 95.00, or 0.42%. The MCX Gold rate touched an intraday high of Rs 23727.00 and an intraday low of Rs 23637.00. So far 7644 contracts have been intraday. MCX Gold prices have moved up Rs 325.00, or 1.38% in the July series so far. More Information about Mcx gold trading tips visit my site mcx-today.blogspot.com

Tuesday 24 July 2012

MCX Gold Need Lessens as Costs Hit 2-week High

A weaker indian rupee helped MCX gold futures surge past their highest level in nearly a fortnight, hurting purchases by mcx gold wholesalers, who had sought to stock for the festival season amid a gloomy import outlook. More Information about Free mcx gold tips visit my site mcx-today.blogspot.com

Saturday 21 July 2012

Today MCX Tips India In Gold Demand Higher and Physical Weak

Today in MCX Tips India Gold edged higher on Friday, helped by global stock markets and a weaker rupee, with physical traders eager to book deals ahead of the festivals months. More Information about mcx tips india visit my site mcx-today.blogspot.com

Thursday 19 July 2012

MCX Today Tips For Gold Edges Lower

Today MCX Gold edged lower on Wednesday, extending losses from the last session when the U.S. Federal Reserve Chairman Ben Bernanke disappointed MCX gold bugs by offering no signs of imminent monetary stimulus measures. More Information about MCX Today Tips visit my site mcx-today.blogspot.com

Tuesday 17 July 2012

Today Mcx Intraday Tips : MCX Gold Seen Falling For Fifth Week

Indian MCX gold futures are likely to edge lower, continuing its fall for a fifth week in a row, weighed by expectations of a firm indian rupee amid steady global stock markets. More information about Mcx intraday tips visit my site mcx-today.blogspot.com

Saturday 14 July 2012

Silver Tips Today : December Contract Gains

Silver prices on MCX were gained today. At 11:32 hrs MCX Silver September contract was trading at Rs 53076.00 up Rs 58.00, or 0.12%. The MCX Silver rate touched an intraday high of Rs 53095.00 and an intraday low of Rs 52878.00. So far 4363 contracts have been traded. MCX Silver prices have moved down Rs 7324.00, or 12.14% in the September series so far. More Information about Silver tips today visit my site mcx-today.blogspot.com

Thursday 12 July 2012

MCX Gold Trading Tips for September Contract Trades Lower

Today Gold prices on MCX were trading lower. At 16:04 hrs MCX Gold July contract was trading at Rs 2947.00 down Rs 14.00, or 0.47%. The MCX Gold rate touch an intraday high of Rs 2960.00 and an intraday low of Rs 2943.00. So far 44775 contracts have been intraded. MCX Gold prices have moved up Rs 27.00, or 0.93% in the July series so far. More Information about Mcx gold trading tips visit my site mcx-today.blogspot.com

Tuesday 10 July 2012

Today Free MCX Gold Tips : Gold Demand Stays Weak In India

Today Demand for MCX gold in India, one of the world's leading consumers, was subdued on Monday even though the prices were almost steady as buyers were waiting for a correction. More Information about Free mcx gold tips visit my site mcx-today.blogspot.com

Saturday 7 July 2012

MCX Gold Demand Improves in India As Prices Drop

Demand for MCX gold in India, one of the world's leading consumers, improved on Friday after prices eased, tracking a drop in the world Stock market, though a weak rupee limited the fall. More information about mcx tips india visit my site mcx-today.blogspot.com

Thursday 5 July 2012

MCX Today Tips : Gold Holds Near Two-week Highs

Today MCX Gold steadied near two-week highs on Wednesday and was set for its second successive weekly gain, thanks you to a modest decline in the dollar that may sharpen trader appetite for the metal, although a U.S. public holiday is likely to temper any gains. More Information about mcx-today.blogspot.com

Tuesday 3 July 2012

Mcx Intraday Tips : Today Trade Metal may Higher

We Have come out with its report on precious metals. As per the research firm, prices are expected to trade higher for the day on account of a euro zone deal aimed at helping its debt-laden members. More Information about MCX Intraday Tips visit my site mcx-today.blogspot.com

Saturday 30 June 2012

Silver Tips Today : Silver Prices Slips in Major Metros in India

Today tips for Silver prices plunged in major metros in India. In the Ahmedabad market, Pure silver (999 purity) was down Rs 636 at Rs 52520 and in Delhi market it was down Rs 550 at Rs 52950. More Information about silver tips today visit my site mcx-today.blogspot.com

Thursday 28 June 2012

Gold Rates: MCX Gold Trading Tips for Flat

MCX GOLD prices on MCX were trading flat. At 10:58 hrs MCX GOLD August contract was intrading at Rs 29971.00 up Rs 7.00, or 0.03%. The MCX GOLD rate touched an intraday high of Rs 30010.00 and an intraday low of Rs 29962.00. So far 1438 contracts have been traded. MCX GOLD prices have moved up Rs 211.00, or 0.71% in the August series so far. More Information about MCX Gold Trading tips visit my site mcx-today.blogpsot.com

Tuesday 26 June 2012

Free MCX Gold Tips In Indian : Gold Seen Falling This Week

In Indian MCX gold futures are likely to retreat further from last week's gains, weighed by expectations of a firmer indian rupee, which regained some ground on Monday after hitting a record low last week. More Information about Free mcx gold tips visit my site mcx-today.blogspot.com

Saturday 23 June 2012

MCX Tips India Gold Traders Bigger Price Falls

Physical MCX gold traders in India, the world's biggest buyer, kept to the sidelines on Thursday seeking bigger falls in prices to book deals, even as the yellow metal fell more than half a percent. More Information about MCX Tips India visit my site mcx-today.blogspot.com

Thursday 21 June 2012

MCX Today Tips : Indian Gold Trades Flat

In India MCX gold traded flat on Wednesday following overseas Stock markets, but physical intraders awaited a fall in prices before booking deals in a seasonally slack demand period. More Information about mcx today tips visit my site mcx-today.blogspot.com

Tuesday 19 June 2012

Mcx Intraday Tips Strategies on Gold

Spot MCX gold eased, snapping a six day rally as fears about the health of Euro zone abated after parties backing the bailout won on Greek general election. Reduced concerns over the Greek’s exit from Euro zone have dented the MCX Gold’s safe haven appeal and investors turned to riskier assets. More Information about Mcx intraday tips visit my site mcx-today.blogspot.com

Saturday 16 June 2012

Today MCX Gold Break All Record

Riding high on strong demand for the wedding season coupled with a firming trend in the global Stock market, MCX gold touched yet another record high of Rs 30,570 per 10 grams in the bullion stock market here today.More Information about Free mcx gold tips visit my site mcx-today.blogspot.com

Thursday 14 June 2012

Silver Tips Today For July Contract

MCX Silver July contract was trading at Rs 55090.00 up Rs 14.00, or 0.04%. It touched an intraday high of Rs 55268.00 and an intraday low of Rs 54953.00. So far 14540 contracts have been traded. More Information about Silver tips today visit my site mcx-today.blogspot.com

Tuesday 12 June 2012

Mcx Gold Trading Tips With a Positive Bias Today

Today we have come out with its report on bullion. According to the research firm, precious metals are expected to trade with a positive bias on the back of weakness in the DX coupled with upbeat global Stock market sentiment. More Information about Mcx gold trading tips visit my site mcx-today.blogspot.com

Saturday 9 June 2012

MCX Gold Tips in India

MCX Tips India in gold reversed early losses to trade a tad higher on Friday evening on a weaker rupee, though sluggish overseas markets kept the upside limited. Physical traders sought declines in prices to book the yellow metal. More information about mcx tips india visit my site mcx-today.blogspot.com

Thursday 7 June 2012

MCX Gold Prices Major in India

MCX Gold prices rose in the major metros in India on Wednesday. Standard MCX gold (99.5 purity) was up Rs 210 at Rs 30320 and pure gold (99.9 purity) was up Rs 110 at Rs 30341 in the Mumbai market. More Information about MCX today tips visit my site mcx-today.blogspot.com

Tuesday 5 June 2012

Today Mcx Intraday Tips For Gold

MCX Gold has come out with its intrading strategies report on Gold. According to the research firm, one can buy MCX Gold on dips to USD 1607 for target of USD 1630, with a Stop Loss of USD 1596. More Information about Mcx intraday tips visit my site mcx-today.blogspot.com

Saturday 2 June 2012

MCX Gold Heads for Weekly Loss

MCX Gold slipped on Friday, on course for a second straight week of losses, as a weaker euro sapped appetite for bullion amid the debt crisis in Europe while investors awaited a key U.S. employment report later in the day for further trading cues. More Information about Free mcx gold tips visit my site mcx-today.blogspot.com

Thursday 31 May 2012

MCX Silver Dec Contract Slips

Today At 15:26 hrs MCX SILVER July contract was trading at Rs 53742.00 down Rs 223.00, or 0.41%. It touched an intraday high of Rs 53900.00 and an intraday low of Rs 53621.00. So far 18673 contracts have been traded. More information about silver tips today visit my site mcx-today.blogspot.com

Tuesday 29 May 2012

Mcx Gold Trading Demand In India

MCX Gold prices in India, one of the world's leading consumers, climbed on Monday in line with firm global markets but the rise depressed physical demand just ahead of a lean season. More Information about Mcx gold trading tips visit my site mcx-today.blogspot.com

Saturday 26 May 2012

MCX Tips India For Gold Demand

MCX Gold futures in India edged down on Friday as the rupee rebounded from the record lows hit this week even though demand failed to pick up as prices remained unattractive for buyers. More Information about mcx tips india visit my site mcx-today.blogspot.com

Thursday 24 May 2012

Today MCX Gold demand In India

Today Demand for MCX gold in India, one of the world's top consumers, stayed weak on Wednesday after a fall in the rupee kept prices in the local market above the psychologically significant level of Rs 29,000 per 10 grams despite a drop overseas.The most-active mcx gold for June delivery on the Multi Commodity Exchange (MCX) was down 0.15% at Rs 29,043 by 7:11 p.m. More Information about mcx today tips visit my site mcx-today.blogspot.com

Tuesday 22 May 2012

MCX Gold to Intraday on a Weaker Note Today

MCX Gold has come out with its report on bullion. According to the research firm, Gold is expected to trade on a weaker note today as concerns with respect to Greece ease, thus having an impact on safe-haven demand which had re-emerged last week. More Information about Mcx intraday tips visit my site mcx-today.blogspot.com

Saturday 19 May 2012

MCX Gold Again Rises Weekly Gain, as Euro Recovers

MCX Gold prices rose towards USD 1,590 an ounce in Europe on Friday, building on the previous session's hefty gains, as a recovery in the euro prompted some buying of the precious metal, with shorts covering amid expectations prices could rise further. More Information about Free mcx gold tips visit my site mcx-today.blogspot.com

Tuesday 15 May 2012

In India MCX Silver Ready To Move Higher

MCX Silver, the well known volatile white metal has had a great performance since the beginning of the year 2012. But after March prices dipped to some extent and remained in tight range of 55000-59000 in domestic bourses. Silver often has dual properties of bullions and base metals and when base metals rise that is also supportive for the silver. More Information about silver tips today visit my site mcx-today.blogspot.com

Saturday 12 May 2012

Mcx Gold Trading Lower Rates In India

MCX Gold trading lower rates in major metros in India. In the Mumbai market Standard gold (99.5 purity) was down Rs 140 at Rs 28610 and pure gold (99.8 purity) was down Rs 136 at Rs 28745. More Information about Mcx gold trading tips visit my site mcx-today.blogspot.com

Thursday 10 May 2012

In India MCX Gold Prices dip Stirs Buying Interest

Asia's MCX Gold industry stirred on Thursday after gold declined over 3% over two times to a four-month low as customers very carefully took benefits of the price fall. Spot gold dropped to a four-month low near USD 1,580 an ounces, increasing a 2% decrease from the previous time, as the governmental disaster in Portugal owned down the dollar, pulling along gold among other resources. More Information about mcx tips india visit my site mcx-today.blogspot.com

Wednesday 9 May 2012

Gold Updates in MCX

Today MCX Gold slide, then cut losses, on Wednesday after the Federal Reserve said it would extend its stimulus to a stalling U.S. stock economic Market recovery but did't signal more aggressive monetary easing. More Information about gold updates visit my site mcx-today.blogspot.com

Tuesday 8 May 2012

MCX Gold and Silver Tumbles on Global Sluggish Demand

MCX Gold and silver coins tumbled in Delhi on Monday on heavy sell-off by stores in conjunction with a decline global trend. While silver dropped by Rs 120 to Rs 29,620 per 10 gm, silver lost Rs 550 to Rs 55,700 per kg on reduced offtake by retailers and industrial units at prevailing higher levels. More information about mcx today tips visit my site mcx-today.blogspot.com

Thursday 3 May 2012

MCX Gold Prices Trading Higher In Indian Market

These days silver costs were dealing greater in significant cities in Indian. In the Mumbai industry Conventional silver (99.6 purity) was up Rs 60 at Rs 29530 and genuine silver (99.8 purity) was up Rs 70 at Rs 29665. More Information about Free mcx gold tips visit the site mcx-today.blogspot.com

Tuesday 1 May 2012

Mcx Intraday Strategies On Gold

Silver spot held stable near $1667 an ounces on improved leads of save destination buying. Poor US financial numbers and issues on a third round financial reducing from US put the money under pressure. US GDP results revealed that US financial development, which perfectly chilled in the first one fourth, extended at 2.2 % yearly rate compared with the objectives of 2.5 % development. Dollars exchanged firm but the constant issues in Dollars location may think about on costs. More Information about Mcx Intraday tips visit the site mcx-today.blogspot.com

Saturday 28 April 2012

Silver and MCX Gold may Trade Today

Silver: Taking suggestions from progression of MCX gold expenditures moreover to a weakness in the US money collection served recognize gold expenditures to business higher by more than 1 % on Saturday. Moreover to this, good home sales information from the US led to great power feelings in the worldwide trading markets which provided further advantage in the bright precious metal expenditures yesterday. On the MCX, Gold May contract acquired around 1.3 % and hit an intra-day great of Rs. 56,047/kg on Saturday. More Information about Silver tips today visit the site mcx-today.blogspot.com

Thursday 26 April 2012

MCX Gold Trading holds steady on Fed Meeting

Mcx Gold trading was constant around USD 1,643 an oz. on Friday, underpinned by more highly effective market stocks, but investors were also looking for recommendations of another round of quantitative decreasing when the US Govt Resource prevents of its two-day meeting. More Information about Mcx gold trading tips visit the site mcx-today.blogspot.com

Saturday 21 April 2012

MCX Today Gold Traders Stay

Precious metal investors in Indian, the greatest customer of gold, remained away from new promotions prior to, a key silver buying celebration, early next week, as prices increased consistently for the third time in a row.More Information about mcx today tips visit the site mcx-today.blogspot.com

Thursday 19 April 2012

MCX India platinum interest set to sparkle in 2012

A new jewelry agreement was released in Indian on Thursday to offer a industry where the go of the gold organization said imports could increase by almost 50 percent to 20-23 tonne this season. More Information about mcx tips india visit the site mcx-today.blogspot.com

Tuesday 17 April 2012

Gold Mcx Intraday stay On Sidelines Due To weak Rupee

Jewelry Mcx Intraday refrained from taking new tasks on Thursday despite the the best possible buying interval, as the rupee's fall to a three-month low overlooked a price fall in the overseas industry, traders said. More Information about Mcx Intraday Tips visit the site mcx-today.blogspot.com

Saturday 14 April 2012

MCX SILVER July Contract For MCX Trading Flat

MCX SILVER May agreement was dealing at Rs 56952.00 down Rs 42.00, or 0.07%. It moved an intraday great of Rs 57066.00 and an Mcx Intraday low of Rs 56808.00. So far 12368 agreements have been exchanged. More Information about Silver tips today visit the site mcx-today.blogspot.com

Thursday 12 April 2012

MCX Gold Could Peak in 2013 after 12 year

A record high MCX Gold price above USD 2,000 an ounce next year could mark the peak of the precious metal's more than decade long bull run as monetary policy in key economies starts to tighten, the chairman of metals consultancy GFMS said on Wednesday. You have get more information about Free mcx gold tips visit the site mcx-today.blogspot.com

Tuesday 10 April 2012

MCX GOLD GUINEA May Contract Trading Higher

At 15:35 hrs MCX GOLD Trading GUINEA April contract was trading at Rs 22439.00 up Rs 49.00, or 0.21%. It touched an intraday high of Rs 22509.00 and an intraday low of Rs 22369.00. So far 8749 contracts have been traded. More Information about Mcx gold trading tips visit the site mcx-today.blogspot.com

At 15:39 hrs MCX GOLD trading GUINEA May contract was trading at Rs 22649.00 up Rs 60.00, or 0.27%. It touched an intraday high of Rs 22699.00 and an intraday low of Rs 22598.00. So far 2689 contracts have been traded.

At 15:38 hrs MCX GOLD GUINEA June contract was trading at Rs 22829.00 up Rs 49.00, or 0.22%. It touched an intraday high of Rs 22889.00 and an intraday low of Rs 22799.00. So far 220 contracts have been traded.

Saturday 7 April 2012

Silver: Poor Man MCX Gold Turning to fool's Gold?

Silver bulls may be hoping that the metal's healthy first-quarter price rise is the first step back towards record highs. Not so fast. More Information about mcx today tips visit the site mcx-today.blogspot.com

Its advocates say silver, which occupies a middle ground between industrial metals like copper and investment vehicles like gold, can benefit both from the fledgling economic recovery that is lifting copper and from the investment that is driving gold.

But record-high mine supply and questions over demand have left a long shadow over silver's underlying fundamentals, while huge price volatility last year, when the metal crashed 35% in a matter of days on two occasions, has undermined its appeal to investors as a cheaper alternative to gold.

Silver hit a record near USD 50 an ounce a year ago on the back of rallying gold prices, after precious metals became increasingly in demand as policymakers and markets struggled to recover from the financial crisis.

A recovery in MCX gold prices this year after late 2011's washout and decent seasonal coin-buying in January have helped silver to outperform other precious metals.

But gold itself is looking like less of a safe bet than it once was. As expectations for a fresh round of quantitative easing have receded, prices have surrendered gains and are now little better than flat on the year.

Fragile confidence

There is undoubtedly some good news for silver. Confidence in the US recovery remains fragile, and any fresh signs of a downturn could fuel speculation of further quantitative easing, lifting gold and consequently silver.

But overall, the picture for silver is darker this year than it was 12 months ago, and other metals have greater appeal. While prices may rise again, peaks are likely to be lower and shorter-lived than 2011's highs.

Tuesday 3 April 2012

Govt Of India Slashes import Tariff Value of MCX Gold


The government today cut tariff value of mcx tips india gold for bulk imports to USD 539 per 10 grams from USD 573 per 10 grams. More Information about mcx tips india visit the site mcx-today.blogspot.com

For eligible passengers, the tariff value on has been raised slightly from USD 531 per 11 grams to USD 538, an official release said.

The tariff value is the base price on which the customs duty is determined

Tariff value on bulk silver imports has also been slashed to USD 1,032 per kg. For passengers, it has been cut to USD 1,034 per kg.

After the crude oil, MCX India gold is the most imported commodity in India in terms of value.

Bullion traders and jewellers have opposed the recent hikes in tariff value as it would hit demand as the increased costs have to be passed on to consumers.

Early this year, the government had changed the duty structure on gold and silver from specific to value-linked, making the precious metals more expensive.

The import duty on MCX gold was fixed at 2% of the value, instead of the earlier rate of Rs 302 per 10 grams. On silver, the import duty was pegged at 6%, as against Rs 1,500 per kg earlier.

India, the world's biggest consumer of Commodity Tips on MCX gold, imported 967 tonnes of gold in 2011.

Saturday 31 March 2012

Mcx Intraday Gold bearish in 2013, a Moving Average Perspective

Spot gold has fallen below the 200-day simple moving average again and formed a death cross, a technical sell sign, for the second time in less than four months. More information about Mcx Commodity intraday tips visit the site mcx-today.blogspot.com

This could be a more reliable sell signal than the death cross that appeared in mid December and point to a bearish 2012-2013 for the MCX Commodity market because a repeat death cross can indicate that the market is ready for a sharp correction.

After the first death cross, the MCX gold market dropped a little before recovering quickly.

Increasing the chance of a sharp fall is another kind of death cross, which was made by the 22-day MA falling below the 200-day MA.

To be sure, the recent failures of MA signals work against the theory that the market should fall after a death cross or rise after a golden cross.

While the current death cross is the second such signal in four months, the market has failed to show a clear, sustained movement. MA works best when the market trend is strong, as it was between January 24, 2009 and December 12, 2011.

The 200-day MA worked well for gold during this period as the price never dropped below the MA. Investors could have maximised profits by holding a long position following the formation of a golden cross in January 2009 until the end of the period.

When the market moves sideways, the MA can fail, such as in the periods of September 5, 1990 to March 9, 1993 and September 9, 1993 to November 28, 1995, when many false signals were generated.

** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own

No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. **

Thursday 29 March 2012

Trading Strategies on MCX Gold


MCX Gold Trading gave up its previous session's gains in sequence with the Euro which fell away against the dollar as the two day rally tapered off yesterday. The dollar strengthened a bit after the US data which hinted at concerns of more stimulus from the Federal reserve. More Information about Mcx gold trading tips please visit the site mcx-today.blogspot.com

SPDR Gold Trust the world's largest gold-backed exchange-traded fund, said its holdings edged down by 0.16 percent on Tuesday after gaining 6 tonnes in the previous session. At the same time physical demand for gold from Asian countries was almost muted despite the price hike in the previous session as investors weigh up Bernanke's comments. However looking ahead, investors will closely watch today's key economic release from the Euro zone and US for more trading cues.

Despite repeated attempts to push higher the moves were inadequate to strengthen a rally towards our projected objectives of 1702/1725 levels. Positive divergences in the MACD and momentum indicators are still showing underlying strength in the counter. However prices are now hovering near the 200DMA and 100DMA resistances and without loosing another point might be an indication of the resurgence of bargain hunting.

Prevailing candle stick formation is too supportive for a rally after taking an initial dip. Hence the day we expect a choppy with negative session initially but a short covering rallies are favoured later in the session. In opposition to this view, if prices successfully surpass below 1632 with volume could call for prolonged selling pressure.

Trading strategies

Key levels for the day: Downside: Immediate 1652 followed by 1620/1580.

Upside: Immediate 1702. Strong 1712/1725. Up trend reversal point is at 1742.

Buy on dips to 1672 target 1692 SL 1662

Buy on dips 1652 target 1678 SL 1632

Buy near 1632 target 1655 SL below 1620.

Buy above 1703 target 1755 SL 1680.

Sell near 1702 target 1683/1660 SL above 1712 (risky)

Sell near 1725 target 1700 SL above 1742

After an early consolidation prices likely to turn higher and call for bargain hunting rallies later to the session.

Tuesday 27 March 2012

India MCX Gold Imports Seen at 2-year Low as Duties pinch


India's decision to double gold import duty to 4% could cut MCX gold imports by a third in 2012 to their lowest level in two years, allowing China to overtake it and become the world's biggest buyer of bullion, a Reuters poll revealed. More Information about Free mcx tips visit the site mcx-today.blogspot.com

Shipments could drop to 655 tonnes in 2012 after imports were broadly flat at a record 963 tonnes in 2011, according to the median of a poll of 10 respondents, which included importers, jewellers and brokerages.

"The initial reaction from the Commodity market is not good. Doubling of duty within three months is heavy for consumers to digest," said Pinakin Vyas, assistant vice-president with IndusInd Bank , a large gold importer.

Vyas expects a 30% fall in imports in 2012. Imports were at 535.88 tonnes in 2009 due to high supplies of recycled MCX gold as investors cashed in on a 23% rise in prices.

The government's budget last week doubled the import duty and imposed a levy on unbranded jewellery as measures to limit the current account deficit.

Jewellers in India, many of whom sell individual, tailor-made items in tiny market stalls, have shut shop for 10 days so far and plan to extend their strike over the duty. The finance minister has refused to change plans.

Gold demand in India had already faltered due to a rally in global gold prices. MCX Tips For Gold spot prices touched their highest level for this year at the end of February at around USD 1,793 per ounce.

"Last year we had good imports but looking at the pace of the fall so far we are heading for a big fall in 2012," said Prithviraj Kothari, president of the Bombay Bullion Association, who estimated imports at 450 tonnes in 2012, the lowest in the survey.

Analysts and traders feel over the medium term consumers will be forced to accept the tax hike, which could trigger further strictures from the government, although six respondents did not expect another duty hike this year.

"I foresee very limited impact (of high taxes) over a period of time. Consumers will always ask for the price of gold and not tax... the market will always adjust to prices over a period of time," said a dealer with a private bank importing bullion.

Many Indian families buy gold as an investment in a climate of high inflation and crimped real interest rates. Gold is also an integral and important part of weddings, often representing the wealth of a bride and acting as her security.

Saturday 24 March 2012

Today Sell Silver at Rs57,239

MCX Silver:

MCX Silver broke out from the inverted head and shoulders pattern and the down trend line resistance line, however failed to sustain above these resistance levels. This kind of failure leads to opposite reaction or sideways movement. Hence, Way2Wealth now maintains their bias sideways to down. More information about Silver Tips Today you can visit the site mcx-today.blogspot.com

RSI (14) is has come into the neutral zone

Recommendation: Sell at CMP Rs57239 for a target of Rs53502 with a stop loss of Rs59370.

MCX Crude Oil:

MCX Crude is a triangular pattern of which wave c appears to be completed, hence it is still expected to move sideways in the triangle. However, the triangle is a symmetrical one in the wave 4 which will eventually break on the upside. The Bollinger bands have started narrowing down, once an upside breakout is in hands the bands will expand which will lead to a thrust in wave 5 up. So, Way2Wealth continues to maintain their bias up.

RSI (14) has reversed from the neutral region

Recommendation: Buy near Rs5260-5309 for a target of Rs5500 and a stop loss of Rs5232.

MCX Copper:

Copper has been moving up in an upward sloping parallel channel, so it can touch the upper end of the channel i.e. 449; however the risk-reward doesn’t favour the bulls as of now. So, one can sell near 446 for the target 418 which is its 20 DMA.

RSI (14) is placed in neutral zone.

Recommendation: Sell near at Rs446 for a target of Rs415 and a stop loss of Rs451.

NCDEX Chana:

It has provided a breakout from the triangular pattern and has reached near its conservative target of 3846. Now, it has also provided a breakout from the range formed just above the triangle. Hence, the overall trend continues to be up and so Way2Wealth maintains their bias up.

RSI (14) has reversed from the neutral zone to positive.

Recommendation: Buy near Rs3720 for a target of Rs4000 and a stop loss of Rs3640.

Wednesday 21 March 2012

MCX Gold Traders Stay Away From Deals On Strike

"MCX Today Tips"

Gold traders in India stayed away from new deals on Tuesday as fourth day of jewellers' strike hit retail demand in the world's biggest consumer of bullion. More Information About MCX Today Tips please visit the site mcx-today.blogspot.com

* "Buying is very slow as jewellers have extended their strike for another two days. We have hardly done fresh imports in the last two days," said a dealer with a private bank, which imports gold for jewellery makers.

* The strike, which started on Saturday and will end on Wednesday, is in protest against two import duty increases since the start of the year.

* "We are idle since last week, and jewellers are in no mood to reopen stores," said Harshad Ajmera, proprietor of JJ MCX Gold House in Kolkata.

* MCX Gold on the Multi Commodity Exchange was down 0.38% at Rs 27,792 per 10 grams. The additional duty will increase the cost of gold by more than Rs 1,000 per 10 grams.

* Silver futures fell more than a percent. Silver for May delivery was 0.85% lower at Rs 57,025 per kg.

Monday 19 March 2012

Commodity complex: Get MCX Today Tips to Trade Gold, Silver, Crude

"MCX Today Tips"

Kaushal Jaini, assistant vice president of Dani Commodities advises to short gold MCX Rs 27,302 per 10 grams with a stoploss of Rs 27,501 per 10 grams and target of Rs 27,000 per 10 grams. More Information about best Free Commodity Tips visit my site mcx-today.blogspot.com

NS Ramaswamy, Ventura Securities says one can go long on silver MCX May Rs 57,170-58,190 per kg with a stoploss of Rs 56,940 per kg. "One can have a target of Rs 57,480 per kg," he adds.

N Prasad, CEO of Safetrade Advisors advises investors to buy crude MCX March at Rs 5,330 per barrel, with a stoploss of Rs 5,300 per barrel and a target of Rs 5,396 per barrel.

Rajini Panicker, MF Global MCX Commodities recommends investors to go long on copper MCX April at Rs 433-432 with a stoploss of Rs 428 and target of Rs 437-443.

Friday 16 March 2012

MCX Tips India For 16 March 2012

"MCX Tips India"

Physical demand for gold in India, the world's top buyer, improved on Thursday, following a sharp overnight drop in world prices and on worries the government may raise import duty in the annual budget on Friday.

* The most-active gold for April delivery on the Multi Commodity Exchange was up 0.28% at Rs 27,3 by 3:22 p.m. (1000 GMT), after falling 1.43% in the previous session.

* The contract Rs 27,311 at one stage, the lowest for the front-month contract since January 25.

* "Demand has improved significantly in the past two days. Prices have fallen and there is also concern about import duty hike in tomorrow's budget," said a Mumbai based dealer with a private bank dealing in bullion.

* In January, India raised gold import duty by 90% and doubled the tax on silver as the government grappled with a burgeoning fiscal deficit and looked to increase revenues.

* Demand is also driven by the ongoing wedding season, and festivals that run until mid-May.

* Overseas gold regained some strength on Thursday after a drop in the previous session attracted bargain hunters.

Wednesday 14 March 2012

MCX Intraday Tips

"Mcx Intraday Tips"

Physical gold traders in India, the world's biggest buyer of bullion, stayed on the sidelines on Tuesday, despite a decline in the prices from the one-week high hit in the previous session. More Information about Intraday tips visit my site mcx-today.blogspot.com

* The most-active gold for April delivery on the Multi Commodity Exchange (MCX) was 0.38% higher at Rs 27,865, easing from the previous session's high of Rs 28,084.

* "Market is waiting for correction and direction. There were a few stray deals but people don't want to go aggressive before the FOMC and the budget," said Pinakin Vyas, assistant vice-president with IndusInd Bank .

* The outcome of the meeting of the U.S. Federal Open MCX Commodity Market, which sets interest rate in the country, will be known later in the day. Global gold has risen about 9% so far this year on a near-zero U.S. rate outlook.

* The rupee, which hit its highest level in a week, plays an important role in determining the landed cost of the dollar-quoted yellow metal.

* MCX Silver also moved down, in tandem with the yellow metal. Silver for May delivery on the MCX last traded 0.17% lower at Rs 58,296 per kg.

Monday 12 March 2012

Mcx Gold Trading Tips

"Mcx Gold Trading Tips"

At 15:45 hrs MCX Gold April contract was trading at Rs 27982.00 down Rs 13.00, or 0.05%. It touched an intraday high of Rs 28071.00 and an intraday low of Rs 27966.00. So far 20014 contracts have been traded. More Information about MCX Gold Trading tips visit my site mcx-today.blogspot.com

Friday 9 March 2012

Free MCX Gold Tips


"Free MCX Gold Tips"

Gold traders in India, the world's biggest buyer of bullion, continued to book the yellow metal as prices stayed near their lowest level in a week, dealers said. More Information about best mcx tips visit my site mcx-today.blogspot.com

* The most-active gold for April delivery on the Multi Commodity Exchange (MCX) was steady near its week's low of Rs 27,821 per 10 grams at 3:04 p.m.

* "Demand is pretty good as traders are finding these prices attractive," said Ketan Shroff, director of Pushpak Bullion in Mumbai.

* Currently, wedding and festival seasons are underway in India, which consumes about 900 tonne of the yellow metal yearly.

* The rupee, which weakened to its lowest level in seven weeks in early intraday plan, kept the downside in prices limited. The local currency plays an important role in determining the landed cost of the dollar-quoted yellow metal.

* MCX Gold and Silver also traded flat. Silver for May delivery on the MCX on the MCX was 0.08% lower at Rs 57,661 per kg.

Wednesday 7 March 2012

Silver Tips Today

"Silver Tips Today"

In fact, in our trading room on Tuesday afternoon, we sold our short-term long positions in the metals into that last rally, and many aggressive traders among us even initiated short positions that afternoon.

A number of subscribers seem to have made in excess of 500% profits in their short positions in just one day, based upon some of the notes sent to me, not to mention the multiples that we made since we called the bottom of the market at the end of 2011.

However, from many of the reports that have been posted over the last week, it seems that many other people mistook this move up in the metals as a breakout of some sort, and many initiated larger position in the metals expecting further gains ahead. This is exactly the type of market psychology I warned against in the first article that I published on MarketWatch.

But for now, let's look where the most likely buying point would be for the current correction. At this time, it seems that we may have completed a b-wave in a wave two corrective action. If the b-wave high is in, then we have two levels presenting strong confluence.

In the silver futures, the 33.26 region represents both the .382 retracement level and where the c-wave would be equal to .618 times the size of the a-wave. Second, the 31.90 region represents the .500 retracement level, and would be where the a-wave would equal the c-wave. Therefore, for those who are looking to enter the silver market, the 31-32 region in the futures would be the ideal point to enter or add to long positions.

Again, it has yet to be determined if the market will exceed the prior highs of 2011 or will top out at the 43-46 region. If the pattern confirms such a top, it would present a shorting opportunity which would take silver back down to the 22 region. Again, the market action in March should provide the appropriate guidance as to which pattern is playing out.

Monday 5 March 2012

MCX Today Tips

'MCX Tips'

At 13:49 hrs MCX SILVER March contract was trading at Rs 58469.00 up Rs 147.00, or 0.25%. It touched an intraday high of Rs 59377.00 and an intraday low of Rs 58222.00. So far 220 contracts have been traded. More Information about MCX Today Tips visit my site mcx-today.blogspot.com

At 13:50 hrs MCX SILVER May contract was trading at Rs 60293.00 down Rs 25.00, or 0.04%. It touched an intraday high of Rs 60594.00 and an intraday low of Rs 60210.00. So far 9687 contracts have been traded.

At 13:49 hrs MCX SILVER July contract was Commodity trading at Rs 61614.00 down Rs 52.00, or 0.08%. It touched an intraday high of Rs 61928.00 and an intraday low of Rs 61525.00. So far 228 contracts have been traded.

Friday 2 March 2012

MCX Tips India

"MCX Tips India"

MCX SILVERMIC April contract was trading at Rs 59931.00 up Rs 250.00, or 0.42%. It touched an intraday high of Rs 60137.00 and an intraday low of Rs 59550.00. MCX SILVERMIC June contract was trading at Rs 61253.00 up Rs 218.00, or 0.36%. It touched an intraday high of Rs 61486.00 and an intraday low of Rs 61264.00.More Information about Best MCX Tips visit my site mcx-today.blogspot.com

MCX Tips India GOLDM March contract was trading at Rs 27766.00 up Rs 23.00, or 0.08%. It touched an intraday high of Rs 27801.00 and an intraday low of Rs 27754.00.MCX GOLDM April contract was trading at Rs 27989.00 up Rs 22.00, or 0.08%. It touched an intraday high of Rs 28043.00 and an intraday low of Rs 27960.00.

MCX GOLD May contract was trading at Rs 28233.00 up Rs 26.00, or 0.09%. It touched an intraday high of Rs 28343.00 and an intraday low of Rs 28185.00.

Monday 27 February 2012

Today's MCX Gold Tips

Gold edges lower on Friday, while a weaker dollar supported positive sentiment after upbeat economic data in the preceding session weighed on the greenback and sent bullion to a three-month high.

Gold was headed for a weekly rise of more than 3.45 percent, its biggest one-week gain in nearly a month, after assembling for four straight sessions to push through a key technical level. Upbeat data from Germany on Thursday pushed the euro to a 2-1/2-month high against the dollar, helping gold as a cheaper greenback attracts buyers holding other currencies to dollar-priced commodities.

Spot Gold 1797.04 -2.75 -0.15 13.65
Spot Silver 35.29 -0.05 -0.14 37.41

Tuesday 21 February 2012

MCX Silver Tips For Today

"Silver Tips Today"

MCX SILVERMIC February contract was trading at Rs 56413.00 up Rs 151.00, or 0.24% and touches an intraday high of Rs 56636.00 and an intraday low of Rs 56363.00. So far 35528 contracts have been traded. More Information about MCX Silver Tips Visit my site mcx-today.blogspot.com

MCX Silver April contract was trading at Rs 57919.00 up Rs 141.00, or 0.24%. It touched an intraday high of Rs 57910.00 and an intraday low of Rs 57515.00. So far 5165 contracts have been traded.

MCX SILVERMIC June contract was trading at Rs 59812.00 up Rs 121.00, or 0.19%. It touched an intraday high of Rs 59520.00 and an intraday Bullion low of Rs 58928.00. So far 484 contracts have been traded.

Thursday 16 February 2012

MCX Tips For Today 16 Feb 2012

GOLD (April) "mcx gold tips today"
The overall trend is sideways and in the Last week it was made a high 29611 and low 27918 and finally managed to close above 29754. In this week consider support 28150-28110-27970, higher level crucial resistance 29500-28750 range and crossover will move further towards 29100.
For Today
Buy and Buy
Resistance nearly 29300-28360
Downside support at 29100-27870 to watch out.

SILVER (March)
Resistance at higher-level 57900-58470 and support at 57100-55600. High-risk traders can buy with tight stop-loss.
Today
Buy and Buy...
Support 57100-56310
And sell on rally

Monday 13 February 2012

Free MCX Today Tips on Mobile

Gold and silver are finding support and the end of 2011 was not a time to call the end of a trend but to realize that gold and silver was providing a discounted buying occasion. The mining shares have never been as oversold in this whole time long run as it was in the end of 2011.

MCX gold gains, support at Rs.29697-28740.
MCX gold gains, resistance at Rs.28512-28591.

Silver rises, MCX silver resistance at Rs.54700.
Silver under pressure, MCX resistance at Rs.53600.

Tuesday 7 February 2012

MCX Today Tips

GOLD (April)
In the Last week it was mentioned that that sustained above 29100 positive bias would continue and unable to hold and made a low of 27547 and closed at 27993. Short-term trend down until or unless recommend to sell-on-rise strategy in next few sessions with tight stop loss.

For today Gold Resistance level at 28310-28360, trade and sustained above with higher volume, trend will change and buy side, downside support at 28800 to watch out.

SILVER (March)
In the Last week it had gone bullish above 56120 and unable to cross major resistance of 58200-57300 and started some profit booking/selling at higher level. In this week consider resistance at 57100-57300, and support range at 57100.

Today the Silver Trend is bullish but higher-level pressure to continue by Bears unless successful crossover 59000 with volume, downside support 56100 to watch out.

Monday 16 January 2012

Bullion Futures


MCX bullion commodity futures                               
Silver MCX
Rs 52198 (+32)
Expiry Date: 29 Feb, 2012
NMCE
Rs 58521 (0)
Expiry Date: 05 May, 2012
Gold MCX
Rs 2801 (-9)
Expiry Date: 31 Jan, 2012
NMCE
Rs 27508 (-208)
Expiry Date: 15 Feb, 2012

Wednesday 11 January 2012

Bullion Tips

Gold today is currently 55x greater than the Price of Silver, and in hard financial times of the past, this ratio has closed considerably closer to one in ten. Investing in Silver Bullion right now just may prove to be the opportunity of a lifetime presenting itself. Silver has now become the preferred choice of Investors, who would normally be buying Gold to hedge against the financial bad times as they manifest themselves.

Monday 9 January 2012

Gold Silver Trends

"Free Gold Silver Tips"

On the supply front, according tothe WGC, “No single country supplies more than 14% ofglobal gold production”. While South Africa once dominated inproducing gold, the country now accounts for only 8% of the globalsupply. In 2010, China was the largest single countryproducer with a 13% share, followed by Australia (10%),United States (9%), and Russia (8%). Meanwhile,gold supply from scraps or recycled gold continues to be the modest.
MCXGOLD.995 04 February 2012 contract was trading at Rs 27759.
A bout of volatility was seen in white metal silver too.Silver witnessed a roller coaster ride in 2011 and was caught in investors'wrong foot. Like Gold, silver also made its peak in 2011 and tested nearly $50in COMEX and above Rs 73000 in MCX. April and May were the most volatile monthfor silver in the year 2011; silver prices rose by 32% in April while fell 28% in May 2011 due to steep hike in margin byCOMEX and liquidation by some big players and hedge funds. Meanwhile the gold silver ratiodeclined steeply in the first half of 2011 from nearly 47 to 32 as silveroutperformed gold. However, the ratio again recovered during the second half ofthe year 2011 from 32 to above 47.

Wednesday 4 January 2012

Commodity Trading News

Gold, Silver and metals prices witnessed huge volatility throughout the year but investment demand continues to be robust for precious metals despite the sharp fall in Gold imports in Q4, Investment demand constituted 35% of gold demand while jewellery demand slipped due to prevailing higher prices leading to fall in gold imports to 878 tonnes compared to 958 tonnes in 2010.

Several positive factors have emerged in the Indian economy that could provide firm support for commodities in 2012. The Reserve Bank of India has halted the policy of raising key bank rates and RBI Governor has hinted that monetary easing could begin sometime on easing of food inflation to 0.42% while headline inflation has fallen to 9.75%. The HSBC Purchasing Managers Index  has risen to 54.2, the highest level in six months while China’s PMI fell from 50.3 to 49 in November.

Monday 2 January 2012

Commodity Intraday Trading Tips Free


MCX Bullion Market News 

Commodity markets tumbled in the last trading week of 2011 at the Multi-Commodity Exchange (MCX) with Crude Oil being the only commodity to post marginal gains.
Gold and silver fell as investors continued to liquidate assets. Both precious metals had exhibited technical weakness. As such, increased technical selling may also have been a factor. Fundamentally, PM's remain bullish since the Euro crisis and US slowdown is not expected to be over with any time soon. As such, most investors see the current decline as a sharp correction and expect to buy in when time favors."Commodity trading tips" for today is so volatile.
Base metals remained in the red on weak Chinese PMI data. Also, trading remained muted since it was the last trading week of 2011. Copper hovers around the Rs 400 psychological level and the outlook warrants for a fall below 400 especially with indications from both China and Europe painting a disappointing economic outlook.
Crude oil was the only commodity that remained positive thanks to increasing tensions between Iran and the US. NYMEX WTI prices remained stubborn in the $100 territory despite base metals and precious metals declining. Natural Gas continued its weak performance.