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Guesstimate [11/15/2010]: MCX Gold, silver, aluminium, cpo, mentha oil, copper, lead and zinc

mcx gold girl

Gold (Last close 20134)

Want to know something new? A gold trader “Gold buying in the western city of Ahmadabad, the India’s top market and second uses on Bombay”

“Gold traders said many gold jewellers were maintaining below average gold inventory as they considered current gold prices too high.” People thought gold prices will also fall the way silver price has dropped, but that has not happened so far

Gold is the most malleable and ductile of all metals. Actually we want to think, nowadays what to do with gold?

Past 4 sessions to gold price going down day by day very sharply. At 11th November 2010, I said you to SELL Gold. It’ll touch 20094 – 20000 soon and Gold was kissed my targets 11/12/2010.

If gold crash and touch 20000 levels then I’m expecting intraday panic slide upto 19928 – 19853 level!!

If gold will not touch 20000 then what you expect?

Then there after gold will touch 20181 – 20254 – 20293

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mcx silver world

Silver (Last close 39411)

Just as the exchanges forced higher margins on silver last week, margins were also increased on sugar darling.  The exchanges do this for the reason that risk increases with volatility, so they would like more funds to safe positions.  This, of course, has a harmful result on the commodity price.   We saw silver take a fall in price this week and the same thing happened to sugar and gold.

China was also a problem in the shift lower for many commodities today.  There is panic once again that they will raise interest rates to battle inflation.  This would show the way to less demand for commodities and that could take the wind out of the sails for the commodity markets.  Monday could be an interesting day.

I’m watching interesting thing in silver. If silver will not break 39003 at Monday then we’ll see silver at 40000 – 40300 soon. 11/11/2010, I said to my subscribers If silver touch 39584 then problem for Bull. Yes, then it can go in bloodbath with expected level 38600 to nonstop slide upto 37000 – 37640

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mcx aluminium wire

Aluminium(Last close 107.5)

Above the 107 – 107.5 level open then buy it without any worry

Set stoploss level – 106.5 for maximum profit.

I’m watching hot targets 108 – 108.5 for short term traders

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mcx cpo

CPO(Last Close 485.5)

Watching very hot with good profit for intraday traders

CPO past 2 days continuously going down

If CPO will break the last low then what to do with it?

Obviously, SELL SELL SELL

Sell it around 483

Targets for MCX CPO 476 – 475

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mcx mentha oil

Mentha Oil (Last close 1194.1)

Unexpected money in Mentha Oil for Intraday and Short Term traders

Buy at Opening bell and forget

Sky rocket targets are 1211

If touch 1211 and freeze for 5min then Buy again for short term traders unexpected profit will see you at next day…

Last profit station around 1225

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Exact time and exact level – subscribers only

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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