Will History repeat Itself in GOLD

The above is weekly International Spot Gold. As of now Price is quoting at $1211 level. Flash back to 2013 year, we have seen the sharp fall from $1550 level to $1180 after breaching the important Support level of “Reversal Descending Top”. We have heard famous quote in market or its very familiar with all…

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Nickel- A Non Stop Knight Rider

The above is daily chart of the MCX Nickel. Nickel has been the top performer for the 2014 year with return of more than 23% till date. During the start of this year Nickel price was trading at 870 level. In month of March 2014, price succeeds to cross the important resistance and psychological resistance…

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Fibonacci Follower – Natural Gas

Leonardo Fibonacci da Pisa, a thirteenth century mathematician, discovered the Fibonacci (pronounced fib-eh-nah-chee) sequence of numbers. The Fibonacci sequence is the series of numbers:1,1,2,3,5,8,13,21,34,55,89,144, and so on to infinity. Golden Ratio: After the first several numbers in the sequence, the ratio of any number to the next higher number is approximaterly 0.618 to 1 and…

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Commodity Report August 14

Precious Metal GOLD OCT:International Spot Gold had opened for the week at $1307. Prices made a high of $1309but could not sustain thoselevels and droppedto $1280. Recovery in the US economy and higher GDP data boostedthe dollar, which is a negative for the Bullions. Prices gave a weekly closing at $1293. MCX Gold Oct opened…

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Is Crude Setting Up For Something Big?

The oil market has been in a bullish mode for some time now and technical should never be ignored when it comes to commodities. However, a majority of this bull run has been due to increasing global tensions because of Ukraine and Iraq. Both these are crucial regions for exports of energy products. Apart from…

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Gold may lose its shine a little more

Fundamentals News on Indian Gold   Gold prices plummeted by up to Rs 800 in single day on May21, 2014, the biggest fall in a day this year, to a 10-month low in major bullion markets of the country after the Reserve Bank of India (RBI) eased import restrictions on the precious metal.   Traders attributed the…

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Gold- Thumbs Down

Fundamental on gold Gold prices lost steam in the previous month after the FOMC announced a third $10 billion slash in quantitative easing, bringing down its monthly bond purchases to $55 billion. Gold prices had a knee-jerk reaction after Fed Chair, Janet Yellen said the Fed would probably end its bullion friendly bond-buying programme this…

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Oil Forever

Investopedia defines Crude Oil as naturally occurring unrefined petroleum product composed of hydrocarbon deposits, in shades of black and yellow with a ranging viscosity, many times referred to as “Black Gold”. I will sincerely admit that out of the long boring definition, the words that caught my eye were “Black Gold”. Gold! Really?   Let…

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Will history repeat itself?

Events trigger the momentum in equity markets. Any big event such as budget or RBI policy could make or break the stock market. You may gain or lose on your investments post such events. One such upcoming event is the Elections 2014. Equity markets work on expectations and it could turn out to be positive…

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