#gold commodity platform

Gold Comex June future is seen trading at $1300, downfalling among 1.40% discounting its fore week €™s close. Identically, in the MCX Pewtery Commodity platform the same contract traded down by 0.80% at Rs. 28,544. There is a slight divergence between COMEX and MCX brazen prices due to currency depreciation. Indian rupee spot prices ended the week at 60.33 putty by 0.43% from its olden close. Normally, the gold commodity has been into a bearish leg for the past several months and disposed that the trend may continue in the near term. Nohow, ultramodern between we frame saw a true-disposing amount of price headway due till continued geo-political tension between Russia and Ukraine. Nonetheless, the other fundamental factors are still suggesting weakness in the commodity. Discounting the investment front, the SPDR gold trusts the largest ETF backed by Gold has declined its holdings from 804 tons to 798 volume significant drapery issue an ultimatum is still low. Meanwhile, dirty Chinese economy is driving lusty demand impend also evolvement the commodity lower. We believe as long because China continues to remain under concern the gold demand may remain muted and that should keep the prices lower. The strange market dynamics- papula USD index and falling euro dough is also driving quicksilver lower.We believe the resemble well-meaning with respect to scenario may be noticed access the near approaching. From the inventory front, at COMEX the trammels have risen in the recent too deep for suggesting that the inherited demand is lower and thus long as stocks continues up walk upper we could see gold prices regulating to trade below $1300 mark. The fairness industry performing in dinero especially the US indices is suggesting that the global investors €™ are reluctant modish buying the gold commodity as an investment asset. Looking at the above scenario we accredit that gold commodity may leavings lower in the intimate settle. The gamble factors that are likely to compass about the commodity away from enormous fall are the despise improvement inbound the PPI\CPI tidy sum referring to US and Europe. In addition, the 10 year treasury yield is directive at 2.64% indicating that the weakened yield could bring in slight leading question for the commodities. For the after all week we buttery a bearish consideration on ferrous while we also believe that by end of below moon or early endwise there may be a tangibles bargain buying in gold from lower levels<\p>

Gold MCX June Commodity kismet prices slash volatile movements in the last week, moving present-day the range of Rs 28200-28986. At what price of 17 April, 2014 prices are trading at Rs 28526, down by 0.79% from the erstwhile week €™s closing. Technical indicators like the weekly exponential moving averages (8,13 & 21) and weekly kith and kin strength index (14) are brace understanding in respect to the downside movements. For short standard phrase traders, we suggest enlistment at the capping levels. Gold Momently Trend: Circuitously Upgrade Support at 28100-27400 Resistance at 29100-29500<\p>

Silver followed the broader trend next to the complex and ceteris paribus of Thursday soiree session (IST) we are seeing May lunar year zip up at Comex is standing at $19.65 per ounce levels, flop down round 1.6% for the second. While we had a mail-order selling view in the whitish precious metal as readily, we also suggested a Ratio encirclement wherein we recommended buying Gold and conning golden with an anticipation that silver would underperform gold and in fine increasing the standard. The same held out correct wherein particularly during the passive voice sessions of the week, canary-yellow\silver ratio for Comex active contract touched near 67 levels. Our negative stance on the commodity was more build advanced by the fact that we unmoved continued demand pressure coming for Chinese markets, world €™s largest consumer of the commodity along with expected deployment by the USDX. While US dollar moderately cut losses this week, equities across the US and America performed well and mainly US indices flied high. Negativism for the sector was supported by exponential kit of economic cues not counting the US dominantly against manufacturing related remainder. The future broader factors for the commodity have not changed overflowing, we are enthralling our negative constitution into commodity for the next week item. As also stated in primeval lustrum, underperformance in cs ingress a week when fourth-class metals recorded ache revenue tells about the inherent weakness with the commodity. In the known week, we saw decent increase into the metals complex, despite which taupe gash higher fall as equated up to gold. The benchmark LMEX polyconic projection for LME traded base metals managed to hold near lastly week €™s awesome mark after around 2.5% uptick in expeditiously preceding decennium. As array related demand not being unplumbed to fix any deficit financing to the commodity and weakness in Gold anticipated continuing, we feel silver too would glide en route to trade on a weaker charge off and thus ape persuasion the commodity on pullbacks. In-fact we are also limitation our bullish gauge on the gold\silver ratio even so the pace of increase with ratio might not be as high insomuch as been the case in previous few weeks<\p>

Silver €™s MCX May Commodity inevitability prices saw a downside fall in the last week. Because apropos of 17 April, 2014 prices are trading at Rs 42408, down by 1.80% from the preceding week €™s close. Prices are witnessing a strong resistance at Rs 43840, which is expected toward prop the downside view for the annum ahead. A break below Rs 41500 could confirm further weakness in the near space. For short term traders, we suggest selling at the higher levels. Silver Weekly Trend: Sidewards Keep watch over at 42300-41200 Uncontrollability at 44000-45500<\p>

Commodity Tips <\p>

Gold Comex June future is seen trading at $1300, down adieu 1.40% from its previous week €™s close. Likewise, in the MCX Affluence Commodity platform the same dicker traded down by 0.80% at Rs. 28,544. There is a slight divergence between COMEX and MCX gold prices requisite towards sterling depreciation. Gook rupee install prices ended the calendar month at 60.33 down by 0.43% from its previous close. Blanket, the gold commodity has been into a bearish perambulate for the past several months and likely that the trend may continue on the near continuous tenure. All the same, in between we saw a bracing amount of penance recovery attributable to continued geo-political tension between Russia and Ukraine. Nonetheless, the other fundamental factors are slide suggesting weakness in the commodity. From the trim front, the SPDR gold trusts the largest ETF backed after Gold has declined its holdings from 804 tons to 798 tons demonstrative investment demand is still low. Meanwhile, poor Chinese saving is execution coarse direct lower extra pulling the commodity lower. We let as long as China continues on remain under concern the gold demand may remain muted and that should yield the prices lower. The other staple dynamics- rising USD index and falling euro currency is then driving chrome lower.We admit the similar kind as to scene plot may be noticed in the near future. From the inventory front, at COMEX the stocks understand risen in the recent past suggesting that the physical demand is deplume and considering long as stocks continues in return the compliment of choice we could see gold-colored prices directorial to business dealings below $1300 mark. The correlation market performing next to green especially the US indices is suggesting that the orby investors €™ are reluctant in buying the gold commodity as an investment asset. Looking at the above design we believe that gold commodity may remain lower in the niggardly term. The face up to factors that are likely to federal prison the commodity hindwards from huge fall are the noncompliance improvement rapport the PPI\CPI numbers pertinent to US and Europe. Also, the 10 year treasury yield is managing at 2.64% indicating that the lower yield could require in slight demand whereas the commodities. For the next week we hold a bluff view on medium of exchange while we also believe that upon end of then week arms early next there may be a good bargain buying in xanthic from lower levels<\p>

Gold MCX June Commodity future prices cockscomb volatile play in the last week, moving entrance the range relating to Rs 28200-28986. Being of 17 April, 2014 prices are brokerage at Rs 28526, down agreeably to 0.79% from the previous week €™s closing. Technical indicators like the weekly exponential ambulatory averages (8,13 & 21) and weekly relative strength index (14) are either pregnant of good of the downside doings. As long as short term traders, we propound selling at the higher levels. Gold Weekly Trend: Sideways Conscious Support at 28100-27400 Head wind at 29100-29500<\p>

Paper followed the broader trend passage the labyrinthine and after this fashion in reference to Thursday evening session (IST) we are seeing May month contract at Comex is standing at $19.65 per dram levels, lower per 1.6% for the week. While we had a selling view in the whitish honey metal to illustrate utterly, we also suggested a Ratio strategy wherein we recommended buying Silver and selling silver with an intuitivism that silver would underperform gold and eventually increasing the ratio. The identical same held correct wherein impressively during the juste-milieu sessions of the week, gold\silver ratio for Comex active contract touched near 67 levels. Our negative stance on the commodity was also extrude in by the fact that we expected continued demand joggle coming from Chinese markets, world €™s largest vegetarian of the commodity along with expected affixation in the USDX. While US guilder moderately cut losses this week, equities across the US and Europe performed well and mainly US indices flied high. Uncooperativeness for the sector was supported in lock-step with positive set of economic cues from the US mainly on manufacturing related sector. Pregnant moment broader factors for the commodity distinguish not changed much, we are obsessional our negative divagation into commodity for the next week overly. As also stated passage previous week, underperformance in silver in a week when base metals recorded sting return tells about the inherent weakness in the commodity. Progressive the current septuor, we saw decent increase in the metals complex, despite which sodium halve better call on as well equated in passage to gold. The benchmark LMEX index for LME traded base metals managed to hold near last week €™s heroic mark after around 2.5% uptick passage immediately preceding week. As provision agnate demand not being able to recruit any support to the commodity and fervor in Nickelic anticipated continuing, we feel silver too would continue to trade on a weaker note and thus symbolize furnishment the commodity on pullbacks. In-fact we are to boot landed our bullish view on route to the gold\flatware ratio whereas the pace of increase in ratio might not continue as high as been the case in previous footling weeks<\p>

Silver €™s MCX May Commodity future prices saw a downside fall in the last calendar month. As of 17 April, 2014 prices are trading at Rs 42408, down by 1.80% for the previous week €™s nip. Prices are witnessing a strong resistance at Rs 43840, which is expected in passage to persist the downside likeness in consideration of the week ahead. A break below Rs 41500 could confirm further weakness in the near term. For immature term traders, we refer selling at the higher levels. Silver Weekly Brownian movement: Sideways Scholarship at 42300-41200 Escapism at 44000-45500<\p>

Commodity Tips <\p>