In financial markets, there are generally three types of traders available: the short term, the long term and the intermediate term. Gold has been in a downside for 2+ years now, the lowest investor looking sentiment in many years. Why Gold has fallen $700 since 2011? Because China Net imports from Hong Kong were 1,139 Tonnes in 2013, COMEX and Gold ETF Inventories are down from the demand, JPMorgan changed from selling to buying, 2013, Big US Banks moved from net short to net long and 107 times more open-interest positions than there’s registered gold…
Before gold start to shift upward in price, long term investors can jump right now. Intermediate term traders for targets 29970-30080.
MCX Aluminium closed at 103.9 and today once open downwardly then don’t think too much, just go and sell it. Targets: 103.4-103
Copper was moved downside for a 10th day because of weakening demand after manufacturing slowed in China and the U.S. MCX Copper will take U-Turn from support 441 level.
Short term targets: 447-450-455
If it closes below our support 441 then leave it alone! Because otherwise we can look at 434 level.
Small traders, Go and Sell MCX CPO at opening bell. It should be down side. Targets: 532.5-531.7