Our Daily Mcx Futures Tips

----------------------------------

Buy September Mcx Futures Crude Above @ 3344

Target 3357-3385-3417

Stop loss - 3344

Sell September Mcx Futures Crude Below @ 3318

Target 3307-3261-3183

Stop loss - 3344

Note:- We are Not giving you tips in large numbers or not in daily routine but when we give it we are dead sure.

Today's Indian Gold rate in Grams and Carats

-------------------------------------------------------

24 Carat Indian Gold Rate:- 1570/Gram

23 Carat Indian Gold Rate:- 1504/Gram

22 Carat Indian Gold Rate:- 1439/Gram

21 Carat Indian Gold Rate:- 1373/Gram

20 Carat Indian Gold Rate:- 1308/Gram

19 Carat Indian Gold Rate:- 1242/Gram

18 Carat Indian Gold Rate:- 1177/Gram

17 Carat Indian Gold Rate:- 1112/Gram

16 Carat Indian Gold Rate:- 1046/Gram

GOLD AND SILVER FUTURES REPORT

GOLD AND SILVER FUTURES REPORT

AS ON THURSDAY 03-09-2009

----------------------------------------------------------------------

GOLD FUTURES is Now On The Short Road to $1,000

GOLD FUTURES PRICE Today : 978.80
Change: 24.10 or 2.5%

SILVER FUTURES PRICE Close Today : 15.440
Change: 40.5 cents or 2.7%

DOW FUTURES INDUSTRIAL: 9,280.67
Change: -29.93 or -0.3%

US DOLLAR FUTURES INDEX: 78.00
Change: 0.58 or 0.7%

As I said yesterday, somebody had to give way today, and it was NOT SILVER and GOLD FUTURES.

The GOLD FUTURES PRICE burst its bonds with a vengeance. It gapped up at the opening (leaving a "runaway gap"), fought sideways around $965, then once through $965 jumped another $10. Closed on Comex at $978.80, up $24.10. Now it is trading at $978 - $980. Tomorrow I would be comforted to see it close above $980. Checking GLD the gold ETF today shows volume jumped from about 8 million shares to about 25 million today, confirming the breakout.

Not to be outdone by gold, the SILVER FUTURES PRICE jumped 40.5 cents to close on Comex at $15.44. It might encounter a little resistance at $15.50, but $16.00 remains the big target. A cross above $16.00 will send silver shooting rapidly toward $18.00.

What might gainsay my interpretation of upside GOLD FUTURES and SILVER FUTURES price breakouts? Only gold falling below $955 and SILVER FUTURES falling under $14.80. No, I believe gold is now on the short road to $1,000.

Yesterday the US DOLLAR INDEX jumped up when it crossed 78.4, and today it crashed down to and through 78.4. This looks like the Nice Government Men goosing a bunch of jittery shorts, then being met by a solid wall of selling beyond their power to throw back. Another interpretation is that today's fall is a touchback to point of upside breakout. Dollar index still must close below 78.33 and then 77.50 to confirm a breakdown. Today it closed at 78.394, down 32.6 basis points.

STOCKS today fell, the Dow 29.93 points to 9,280.67 and the S&P500 3.29 points to 994.75. Stocks are correcting right now, but I am not certain they will not yet climb once again before the whole rally ends.

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. GOLD FUTURES primary trend is up, targeting at least $3,130.00; SILVER FUTURES primary is up targeting 16:1 GOLD FUTURES and SILVER FUTURES ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold futures; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Strong Performance for Gold and Silver Prices

Strong Performance for Gold and Silver Prices

GOLD FUTURES PRICE Today : 952.40
Change: 0.70 or 0.1%

SILVER FUTURES PRICE Close Today : 14.985
Change: 8.7 cents or 0.6%

Dow FUTURES Industrial: 9,310.60
Change: -185.68 or -2.0%

US FUTURES Dollar Index: 78.72
Change: 0.58 or 0.7%

This was one be wildering day.

First, the US DOLLAR INDEX broke out of the tight triangle it had traded into, upwards. At this point, though, you have to wonder if this isn't just another fake-out, to be followed tomorrow by another fall to 78. The dollar index rose as high as 78.94, but as I write has dropped to 78.724, up 57.6 points. Market was flat until 11, when it crossed above 78.4 and shot up. To confirm, dollar tomorrow must cross above its 50 day moving average at 79.15. At the very least, it must gain tomorrow, and meatily, not a basis point or two. Top boundary of the larger triangle (mid-July to now) lies about 79.40. A close above 79.40 would certainly mark an upside breakout into a dollar rally.

Second, since the dollar rallied, SILVER FUTURES and GOLD FUTURES PRICES
must have fallen, right? Nope. The GOLD FUTURES PRICE closed up 70 cents to $952.40 at Comex close, but added another $4.30 in the aftermarket, and now stands at $956.70. The SILVER FUTURES PRICE rose 8.7 cents on Comex to close at $14.985. After Comex closed it promptly climbed over $15.00, and now trades at $15.06. Strong performance for both, but better for silver. Gold must not lag tomorrow, but must keep grinding toward $961. If silver remains above $15.00, it ought to run higher.

But wait, wait! What about the dollar rallying? Well, what about it? Seems that today the dollar only hurt stocks. The Dow peeled off 185.68 points to close at 9,310.60. Worse, the weaker S&P500 fell 22.58 to close at 998.04, below psychologically important 1,000 mark. Further downside lies in store for stocks.

What bringeth the morrow? I haven't a clue, but don't expect the dollar to rally hand in hand with silver and gold prices. Somebody has to give way here.

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. GOLD FUTURES primary trend is up, targeting at least $3,130.00; SILVER FUTURES primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.