REPORT 14 MARCH 2013 th
Gold prices ended the U.S. day session with good gains and hit a twoweek high Tuesday. Heavy short covering and bargain hunting mostly related to technical factors were featured. There was also likely a bit of fresh safe-haven demand that crept into the gold market Tuesday. April Comex gold last traded up $14.00 at $1,592.00 an ounce. Spot gold was last quoted up $11.20 at $1,593.50. May Comex silver last traded up $0.327 at $29.18 an ounce. The firmer U.S. dollar index and higher U.S. Treasury prices Tuesday, along with weaker U.S. stock indexes, did suggest investor risk appetite pulled back a bit on the day. The jump in gold prices Tuesday hints the “risk-off” day in the market place attracted some fresh safe-haven investor demand for the yellow metal.
TRADING TIPS SELL GOLD AROUND 1584 TGS 1578/1572 SL 1590 SELL SILVER AROUND 29.00 TGS 28.80/28.60 SL 29.20 SELL COPPER AROUND
EXPERT OPINION GOLD LOOKS BEARISH SILVER LOOKS BEARISH CRUDE OIL LOOKS BULLISH
COPPER LOOKS BEARISH
NGAS LOOKS BULLISH
3.4940 TGS 3.4740/3.4540
LEAD LOOKS BEARISH
NICKEL LOOKS BEARISH
BUY CRUDE AROUND 91.50 TGS 91.70/91.90 SL 91.30
ALUMINIUM LOOKS BEARSIH ZINC LOOKS BEARISH
GOLD HOURLY CHART
GOLD LOOKS BEARISH SELL AROUND 1584.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1578.00 LEVEL AND MAINTAINING SL OF 1590.00
SILVER HOURLY CHART
SILVER LOOKS BEARISH SELL AROUND 29.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 28.80 LEVEL AND MAINTAINING SL OF 29.20
COPPER HOURLY CHART
COPPER LOOKS BEARISH SELL BELOW 3.4940 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.4740 LEVEL AND MAINTAINING SL OF 3.5140 0
CRUDE OIL HOURLY CHART
CRUDE LOOKS BULLISH BUY AROUND 91.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 91.70 LEVEL AND MAINTAINING SL OF 91.30
MARKET STATISTICS OPEN
ECONOMIC CALENDAR DATE
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Published on Mar 14, 2013
Gold prices ended the U.S. day session with good gains and hit a two-week high Tuesday. Heavy short covering and bargain hunting mostly rela...