Tuesday, 30 April 2013

GM BULLION OPENING BUZZ


GM BULLION OPENING BUZZ:- 
GOLD:- 27107
SILVER:- 45271
COPPER:- 386.05
NICKEL:- 833.30
CRUDE:- 5121
NATURAL GAS:- 237.10
LEAD:- 109.35
ZINC:- 100.85
ALUMINIUM:- 100.65


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GM GOOD MORNING BULLION MARKET UPDATE


GM GOOD MORNING BULLION MARKET UPDATE:-

GOLD TREND: CONSOLIDATE

STRATEGY:- SELL ON HIGH
S1- 27000 S2- 26750
R1- 27350 R2- 27500

SILVER TREND: CONSOLIDATE

STRATEGY ELL ON DIPS
S1-44500 S2- 44000
R1- 45500 R2- 46000

COPPER TREND: CONSOLIDATE

STRATEGY:- BUY ON DIPS
S1-380 S2- 375
R1- 390 R2- 395 

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GM GOOD MORNING BULLION MARKET UPDATE


GM GOOD MORNING BULLION MARKET UPDATE:-

CRUDE TREND: CONSOLIDATE

STRATEGY:- BUY ON DIPS
S1-5050 S2- 4950
R1- 5180 R2- 5250

NATURAL GAS TREND: CONSOLIDATE 

STRATEGY:- BUY ON DIPS
S1-230 S2- 225
R1- 240 R2- 245

LEAD TREND: CONSOLIDATE

STRATEGY:- SELL ON HIGH
S1-108 S2- 106.5
R1- 111 R2- 112.5 


ZINC TREND: CONSOLIDATE 

STRATEGY:- SELL ON HIGH 
S1-99 S2- 97 
R1- 102 R2- 104 

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ASIAN STOCKS


Asian shares edged higher on Tuesday, the day after the S&P 500 index ended at an all-time high, as hopes for political stability in Italy and expectations for global central banks to continue their growth-supporting monetary stimulus bolstered investor risk appetite. 

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U.S.TREASURIES


Ten-year Treasuries US10YT=RR were flat in price to yield 1.67 percent, near their lowest levels since December. The yields have dropped from as high as 2.05 percent on March 8.


S&P

The Standard & Poor's 500 Index was up 11.37 points, or 0.72 percent, at 1,593.61.


FTSE


The FTSE 100 closed up 31.60 points, or 0.5 percent, at  6,458.02.


EURO


The euro was up 0.51 percent at $1.3093, with hedge funds cited among key buyers. It peaked at $1.3115, the highest since April 19.


NIKKEI


The Nikkei slipped 0.4 percent to 13,833.28. The benchmark has risen 11.5 percent this month and is heading for its best April performance since 1993, largely driven by the Bank of Japan's plans to inject $1.4 trillion into the world's third-largest economy in less than two years to revive growth.

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DOLLAR


The dollar index last traded at 82.151, having shed more than 0.4 percent to a low of 82.035, a level not seen since April 17.

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U.S.CRUDE


U.S. crude was 17 cents lower at $94.33 a barrel, on track to end the month down nearly 3 percent.


BRENT CRUDE


Brent dropped 16 cents to $103.65 a barrel by 0244 GMT, heading for an almost 6 percent loss this month. 


OIL


Oil prices rose on Monday amid hope of further stimulus on both sides of the Atlantic, with U.S. crude leading gains amid signs of improving demand and growing exports.

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LME COPPER


Three-month copper on the London Metal Exchange fell by 0.45 percent to $7,121.25 a tonne by 0110 GMT, eroding almost 2 percent gains from the previous session.


COPPER


London copper slipped on Tuesday and was facing its biggest monthly loss in nearly a year as a worsening outlook for global growth drives investors to cut commodities exposure, although expectations of more central bank easing cushioned losses.


PLATINUM


Platinum rose to $1,506.74, up 2.3 percent


SILVER


Among other precious metals, silver rose 2.2 percent to $24.51 an ounce.

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SPDR GOLD


The SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.22 percent to 1,080.64 tonnes on Monday from 1,083.05 tonnes on Friday to their lowest since September 2009.

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U.S.GOLD


U.S. gold for June delivery stood at $1,470.60 an ounce, up $3.20.  

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SPOT GOLD


Spot gold was up 0.8 percent at $1,474.21 an ounce by 4:54 p.m. EDT (2054 GMT).


GOLD


Gold eased $3.08 an ounce to $1,472.71 by 0019 GMT. It had gained slightly on Monday on expectations the Federal Reserve will keep its bond buying at $85 billion a month for now following weaker-than-expected U.S. growth.


U.S.MARKET UPDATE


The S&P 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index's sixth rise in the past seven sessions.

The Dow Jones industrial average was up 106.20 points, or 0.72 percent, at 14,818.75. The Standard & Poor's 500 Index was up 11.37 points, or 0.72 percent, at 1,593.61. The Nasdaq Composite Index was up 27.76 points, or 0.85 percent, at 3,307.02.  


Monday, 29 April 2013

ASIAN STOCKS


Asian shares crept ahead on Monday, while the dollar lost ground to the yen as markets hunkered down for a busy week for economic data and central bank policy meetings in the euro zone and United States.