The Futures Gold Price Must Not Break $930-$928

and Needs to Climb Above $961 for a Breakout.

As On Wednesday 19-08-2009

Futures Gold Price Close Today : 937.70
Change: 3.40 or 0.4%

Futures Silver Price Close Today :13.956
Change: -1.5 cents or -0.1%

Platinum Price Close Today: 1,234.00
Change: 14.40 or 1.2%

Palladium Price Close Today: 273.70
Change: 7.35 or 2.8%


Futures Gold Silver Price Ratio Today: 67.19
Change: 0.315 or 0.5%

Dow Industrial: 9,217.94
Change: 82.60 or 0.9%

US Dollar Index: 78.98
Change: -0.36 or -0.5%

Today was a re-bound day on which prices rose satisfyingly, but without settling anything.

Futures SILVER Price low today at $13.825 made a double bottom with yesterday's $13.81 low. I like that very much indeed, although the Futures SILVER PRICE dropped 1.5 cents today to close on Comex at $13.9560.

Bellwether Futures GOLD Price didn't ring any special bells today. It was enough that the Futures GOLD PRICE traded in a tight range from $934.20 to $940. Futures Gold is walking the same tightrope today it has been walking: it must not break $930-$928 (could hit $918 on a one day spike), and needs to climb above $961 for a breakout.

I can promise you this at least: there is no lack of people who want to buy Futures gold whenever it drops. Ditto for Futures silver.

The US DOLLAR INDEX sank 36 basis points to close at 78.983 -- little more than a bounce off the 50 day moving average. $ Index must break 78.33 to turn down.

Nothing new with stocks today. Dow closed up 82.6 at 9,217.94, S&P up 9.94 at 989.67. Correction is not finished, but then, the rally probably hasn't finished yet, either. Sell stocks and put proceeds into Futures Silver Price and Futures Gold Price.

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Futures Gold Price primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 futures gold Price and futures silver price 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.

The Next Few Days Will Set the Trend for Gold and Silver Prices for the Next Few Months.

The Next Few Days Will Set the Trend for Gold and Silver Prices for the Next Few Months.

Daily Gold and Silver Trends:- As On 18-008-2009

Gold Price Close Today : 934.30
Change: -12.70 or -1.3%

Silver Price Close Today : 13.971
Change: -74.4 cents or -5.1%

Platinum Price Close Today: 1,219.60
Change: -26.00 or -2.1%

Palladium Price Close Today: 267.35
Change: -7.00 or -2.6%


Gold and Silver Ratio Today: 66.87
Change: 2.518 or 3.9%

Dow Industrial: 9,135.34
Change: -186.06 or -2.0%

US Dollar Index: 79.34
Change: 0.51 or 0.7%

Owch! I warned y'all that Monday might not be pleasant for metals investors, unless they wanted to buy on a dip.

Clearly the next few days will set the trend for the dollar, stocks, and SILVER and GOLD PRICES for the next few months. But wait! No foregone conclusions here! Wait to see what the market says.

As I feared Friday, gold and silver took it on the chin today. At Comex close gold was 12.70 lower than Friday at US$934.30. The SILVER PRICE dropped 74.4 cents to $13.9710. Right now silver is following the GOLD PRICE, so I am most interested in what gold is doing. My friend, Bob the Technical Genius (no kidding, he really is), called today and reminded me of the long, narrow even-sided triangle gold has formed since the February high. Today's gold low was US$929.05, just about dead on the bottom side of that triangle. However, it spent no time there, and for the most part remained above US$930.

Bob the Tech Genius opined that we might yet see one more down day for gold, close on the bottom side of the triangle ($920 at most), then whiplash around to close over $961 and higher without ever looking back.

Another alternative is that gold remains above $918 - $920 support. The worst alternative is that gold breaks its last 300 DMA upward crossing at $909. If so, gold will see six months of lower prices and zig-zagging frustration. Watch markets closely the next couple of days, because they will explain themselves.

Here's another arresting gold nugget that Steve Saville of speculative-investor.com quarried lately. In the gold bull market since 2001, gold has always risen from 15 August to 31 December, that is, closed the year higher than its August 15 price. Another seasonal pattern that points to a shallow (not deeper than $900) gold correction.

More volatile silver rises faster than gold but also suffers more than gold in these downside episodes. Today silver hit both the bottom of its upward trading channel and its 50 DMA ($13.99), but traded up in the aftermarket to $14.04-$14.07. If that bottom channel line with $13.80 support (low today was $13.81) doesn't hold, we have to reckon silver may drop to $13.25 cents. Another interpretation is that silver has formed an inverted head and shoulders bottom with a downslanting neckline from $14.30 in June to about $13.90 today, and we are witnessing only a touchback to the neckline, which will stop there.

The US DOLLAR INDEX today is challenging its 50 day moving average (now 79.55). It closed at 79.344, up 51 basis points. The dollar index appears to have formed an upside-down head and shoulders bottom. Now it must confirm that by closing (1) above the 50 DMA, then (2) above 81.50. If the dollar can do that without collapsing -- closing below 77.43, the last low -- it should head for 82.50 at least, 84 at most.

STOCKS are correcting their run up from 8200 - 9400. First target for a shallow correction would be 9,125. there is support also at 8850, and the 50 DMA stands at 8,773. I still view this as a correction in an upmove, because stocks have not yet made plain that the upmove has ended.

A recent exchange with a subscriber has left something on my mind. You all must realize that the economy and the monetary system, and those goofs who run it, are now in uncharted territory. No central bank has ever before taken such extreme measures and survived. Therefore you have to expect the most extreme volatility in markets. Those waves will wash you out of your position unless you have a firm grip on first principles and where they will take the economy. I am thinking of this: suppose we get another big liquidity panic that runs the dollar up and gold and silver down, something like last fall. It could happen. What will you do then? Whine and moan because your silver and gold have dropped, or suffer with patience because you know that the Fed and the yankee government have set their feet on the path of dollar destruction, guaranteeing that your silver and gold will in the end prosper?

If you don't have a vision of the future, and an understanding of monetary cause and effect, fear and confusion will drive you out of your position. Face that now. Also, you ought to be cleaning up your house from top to bottom, shedding debt if you can, selling every unneeded asset to get liquid, and making all preparations to take your family through the toughest economic times. If you don't believe they are coming, you have deluded yourself. Believe those liars in Washington and the media at peril of your survival.

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's 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.

Use Every Drop in Silver and Gold as an Opportunity to Buy More at a Discount

Use Every Drop in Silver and Gold as an Opportunity to Buy More at a Discount

Daily Reports Of Gold and Silver Markets:- As on 17-08-2009

Gold Price Close Today : 947.00
Gold Price Close 7 August: 957.30
Change: -10.30 or -1.1%

Silver Price Close Today : 14.715
Silver Price Close 7 August: 14.661
Change: .054 cents or 0.4%

Platinum Price Close Today: 1,260.50
Platinum Price Close 7 August: 1,258.50
Change: 2.00 or 0.2%

Palladium Price Close Today: 276.00
Palladium Price Close 7 August: 274.10
Change: 1.900 or 0.7%


Gold and Silver Ratio Today: 64.36
Gold Silver Ratio 7 August: 65.30
Change: -0.94 or -1.4%

Dow Industrial: 9,321.40
Dow Industrial 7 August: 9,372.49
Change: -51.09

US Dollar Index: 78.801
US Dollar Index 7 August: 78.955
Change: -0.154 or -0.2%

The dark shadow across the market remains the US DOLLAR INDEX. Will it stage a surprise rally, or will it keep on falling? Today the dollar index reversed course upward, springing off 78.33 support to close at 78.801, up 39.2 basis points. It is still too early to tell for sure, but dollar index appears to be tracing out an inverted head and shoulders, which points to a rally. If the dollar index falls below 78.33, then it will fall much further, to 74 minimum. The market will tell us which way the dollar will move next. I haven't a clue.

Remember that the US dollar is not the sole determinant of GOLD and SILVER PRICES, but it is the world's most widely used currency. Silver and gold are alternative to the dollar as they are to all other fiat currencies, so whenever the dollar strengthens, gold and silver find it harder to rise. A surprise dollar rally might delay gold's push through $1,000 until early next year.

STOCKS didn't like a stronger dollar, either. The Dow closed at 9,321.40, down 76.79, and the S&P500 closed at 1,004.10, down 8.63. Stocks have made a good run, and whether they extend it or not, are still in line for a correction. Use stock strength to sell any you still own, and turn the proceeds into silver and gold.

Look at the weekly scoreboard above and you will immediately grasp an uneasy contradiction. The Silver Price rose 5.4 cents for the week, the GOLD PRICE fell $10.30. Gold closed the week at $947 (down 7.790 today), with silver at $14.715 (down 26.5 cents today). This looks like silver and gold rallied to previous resistance ($955 and $15.00) and fell back, unable to pierce them.

Next week silver and gold might move lower in a correction, and that's most likely. On the other hand, if gold passes through $955 on Monday, both metals will climb strongly next week.

I don’t believe this forebodes any major correction. Gold I don't expect to see below $930 or so, or silver below $14.00 cents. Recall, however, that I have repeatedly said that gold and silver would move "sidewise to higher" over August.

More and more, we hear new customers saying, "I don't know anything about silver and gold, but the dollar has me so scared I have to do something about it." Then they make BIG commitments to metals. That harbinger hints at something much more portentous, namely, a widespread loss of confidence in the dollar. For a fiat currency that is built on confidence alone, that's not good news.

Use every drop in silver and gold as an opportunity to buy more at a discount. Nothing long term has changed. The U.S. dollar is a dead man walking, and will be wrecked in the next three years.

Yesterday I wrote,"Every day that passes impresses on my mind some new fact pointing to terrible turmoil in the US economy and in society. Pull in your horns. Get your business straight. Don't leave lots of money lying around in banks. Get physical gold and silver, and get it delivered into your own hands. Hold it someplace safe, and that does not mean a bank.

"And make sure your back door is working." I thought that was clear, but from the number of e-mail questions I got, it wasn't. If you store your gold or silver in a bank, ask yourself this question: "How will you get to your gold and silver when the bank is closed?" Will you join the line on the sidewalk outside? Of course, if you don't feel comfortable with a safe in your home, then leave them in the bank. Personally, I'll take my chances with those who rob you with a sixgun, sooner than those who rob you with a fountain pen.

What did I mean about back doors? Simply that no rabbit digs a hole with only one way out. In case everything goes wrong, you need to plan what you will do. Run to friends or relatives in the country? Have a country home ready? If things get rough where you are, where will you go? Most people wait too long to go out that back door, and become refugees. You know what refugees are? People on their way to die some place else.

This is not fear-mongering, it's simple realism. Besides, on the other side of this turmoil, somebody will build a new economy, a just economy with genuine freedom. Wouldn't you like to be part of that re-building?

Better start planning now. And check the hinges on your back door.

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's 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.

Free Daily MCX tips As on 14-08-2009

Zinc :Free MCX TIPS Aug Buy above 86.1

Free MCX TIPS STOPLOSS @ 85.7 .

Free MCX TIPS TARGET @ 86.40 , 86.55 , 87.00

Free Daily Gold and Silver Price(rate) and Market Trends----------------------As On 14-08-2009

Market Commentary:-

Our Free Daily Gold Price(rate) Trends opened at 959.25/960.25 and climbed on the back stronger oil prices and a weaker USD, peaking at 960.75/961.75. Worse than expected retail sales caused equity markets to tumble and the metal quickly followed. Gold Trends fell to an low of 952.00/953.00 before managing to recover. It became well bid as oil recaptured

lost ground and equity markets rebounded. Resistance was found near 960.00

and the market ticked sideways as the session unwound, Gold price(rate) closing at 954.25/955.25.

Our free daily Silver Price(rate) Trends opened at 1490.00/1493.00 in New York. Poor US economic data caused

equity markets to retreat and silver trends dipped to an intraday low of silver price(rate)1477.00/1480.00.

Copper and oil later rallied helping the metal take back lost ground, climbing above

1500.00 USD/ozs and, touching a high of 1505.00/1508.00. It slipped marginally

off its highs and traded lightly in a range to finally settle at 1500.00/1503.00.

Technical Commentary

Gold price(rate) closed relatively unchanged, though slightly down on the day, after trying to

the highest intraday level in three sessions. This removes some of the downside

heaviness in the metal's price action this week, though we are still trading well

below the level where we began the week. While we've documented where support

is to be found on an intraday basis this week, the topside seems to be constrained

at $960 on a closing basis. Downtrend resistance currently comes in

$969.75, with a break of that leading to a $980 target.

Silver price(rate) 2.9% jump was impressive as was its ability to test back up to resistance of

15.05 (the high today and from August 6th). The chart pattern and studies all point

to further upside in the metal and a break and close above 15.05 tomorrow would

confirm this. Support lies at today's low of 14.77, followed by the 9-day moving

average of 14.55; while resistance comes in at the June 11 high of 15.54.

This is our Free Daily Gold and Silver Price(rate) and Market Trends

Daily Free Gold, Silver and Dollar tips in Comex Tips

Silver and Gold Price Removed Most But Not All the Ambiguity Today

SILVER, GOLD Price and Dollar on Daily Free tips and Comex tips removed most but not all the ambiguity today. The(free) GOLD PRICE rose $4.00 to US$954.70 on Comex, and in the aftermarket has traded up to $955.50. Y'all probably recall that $954-$955 is a resistance area, so gold's failure to clear the whole area today leaves a trace of ambiguity still.

Free SILVER Tips, glorious silver, slammed up 40.2 cents today to close at $14.98 cents, highest level since June. From here a believable rally requires silver to climb above $15.00, then run fairly quickly to $16.00 cents and crown it all by smashing through $16.00. Right now, the (free) SILVER PRICE Tips stands on the rallying track.

Today the (Free) US DOLLAR INDEX Tips landed just above its 78.33 support, falling 42.9 basis points to 78.414. Now comes the buck to a real test. If it can hold on at 78.33, and re-bound, then we have to call that a bottom and expect the dollar to rally. On the other hand, if the scrofulus US currency falls through 78.33, well, you wouldn't want to kiss it good-bye, but you could wave bye-bye from a safe distance.

STOCKS keep on rising against all doubts, gaining every day in free dollar tips terms, but stuck against free gold tips. Dow closed today up 36.58 at 9,398.19 and S&P500 up 6.92 at 1,012.73. Dow now stuck beneath 9405 - 9425, so that becomes its next target to conquer. Any fall below 9,200 implies more falling.

Every day that passes impresses on my mind some new fact pointing to terrible turmoil in the US economy and free Dollar tips in society. Pull in your horns. Get your business straight. Don't leave lots of money lying around in banks. Get physical gold and silver tips, and get it delivered into your own hands. Hold it someplace safe, and that does not mean a bank.

This is Our Free Gold, Silver and Dollar Tips in comex Markets



To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's 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.

Daily Gold and Silver Market Commentary:-

As On Wednesday 13-08-2009

Gold opened at 945.00/946.00 and retreated as the session started, dipping to

942.00/943.00. Rallying equity markets and stronger oil helped the metal recover,

finding resistance near 950.00 and it traded lightly within a narrow range. However

the metal became well bid, and quickly push through 950, peaking at

952.00/953.00. The market later went very quiet in front of the FOMC rate decision,

finally settling at 949.75/950.75. As expected the rate was left unchanged

and gold tumbled, finding support near 945.00.

Silver opened at 1428.00/1431.00 in New York. Light selling dragged the metal

lower, slipping to 1424.00/1427.00. This move later reversed as silver climbed on

the back of rallying copper and oil. The metal remained well bid during the tail end

of the session, quickly climbing to an intraday high of 1460.00/1463.00 and finally

settling at 1458.00/1461.00. Like gold, silver also lost ground upon the release of

the FOMC rate decision, finding support near 1445.00.

Daily Gold and Silver Technical Commentary:-

Gold 50-day once again coming to the rescue in support of the metal, though we

did end up trading marginally higher on the day. Even so, the market's indecision

provides us with more warning as another "outside day" has been recorded on the

daily candlesticks. The gold 38.2% Fibonacci generally continues to hold off of the

primary base from the April lows. Additionally, despite the fact that gold has traded

very weightily over the past week, the metal is still holding near the middle of the

one-month bull channel, with the bottom end of the channel coming in near

$930.50 today, providing further support should gold collapse through the 50-day.

Silver price action today was fairly bullish, as the metal traded and closed

through yesterday's high after touching a new six session low. The overall uptrend

remains in tact and our outlook continues to be cautiously bullish. Support comes

in at today's low of Silver 14.24 followed by the 21-day moving average of 13.95; while

resistance comes in at the August 6th high of 15.05.

Daily gold and silver price(rates)

Wednesday As On 13-08-2009

Daily Gold Price(rate) Close Today : 950.70

Change: 4.90 or 0.5%

Daily Silver price(rate) Close Today : 14.578
Change: 24 cents or 1.7%

platinum price(rate) Close Today: 1242.90
Change: 3.00 or 0.2%

Plladium price(rate) Close Today: 273.40
Change: -3.00 or -1.1%

Daily Gold and Silver Ratio Today: 65.21
Change: -0.750 or -1.1%

Dow Industrial: 9,361.61
Change: 120.16 or 1.3%

US Dollar Index: 78.85
Change: -0.30 or -0.4%


The Daily GOLD PRICE(rate) rose a lazy $4.90 to close on Comex at $950.70, up, but not above $954-$955 resistance.

The Daily SILVER PRICE(rate) rose 24 cents to $14.578 cents. Okay, okay, so far, so good, but these closes are mid-range values, not break-outs up or down, so we are still watching.

I'm still looking at two outcomes. Less likely is a surprise US Dollar rally that slows gold's final thrust through $1,000 by 3 to 6 months. More likely is sideways to higher Daily silver and gold prices(rate) through August, with a rise to pierce $1,000 in the fall. SOMETHING needs to break out of its range to make clear which to expect.

However, long term nothing has changed. As the FOMC statement today re-iterates, the Fed has inflated, is inflating, and will inflate. Therefore the dollar will continue to decline over the long term, and silver and Daily gold prices(rate) will continue to rise, since they are the only stable alternative currencies.

The US DOLLAR INDEX dropped 29.7 basis points, which to me wasn't large enough to say much. What's that phrase all the gurus use? "A muted response." Yeah, that's it. News that dollar interest Daily rates are likely to stay low until palm trees grow in Greenland isn't really good news for the buck, since relative interest rates are one of the primary determinants of short term exchange rates. And of course, the rest of the FOMC's statement was merely, "Inflation, inflation, and more inflation." Yet the buck only fell 29.7 bps, and not to next support which would have been 78.33. Let's see now what a couple of days' trading does. Events have not yet foreclosed a dollar rally.

Daily gold and Silver Price:-

STOCKS are feeding still off a dwindling dollar, and greeted today's FOMC announcement with a cheery 120.16 upmove to Dow 9,361.61. S&P 500 jumped over the 1,000 hurdle to close at 1,005.81, up 11.46. Rally continues, and will move higher. Use this last chance to get out of stocks.

These are Free Gold and Crude Mcx Commodity Trading Tips.

I am giving to As on 12-08-2009

Buy September (Free Mcx Commodity trading tips) Crude Above @ 3458

Target @ 3475-3509-3554

Stoploss @ 3434

Sell September (Free Mcx Commodity trading tips) Crude below @ 3434

Target @ 3412-3360-3263

Stoploss @ 3458

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

Buy October (Free Mcx Commodity trading tips) Gold Above @ 14830

Target @ 14850-14949-15060

Stoploss @ 14809

Sell October (Free Mcx Commodity trading tips) Gold Below @ 14809

Target @ 14760-14709-14626

Stoploss @ 14830

Daily Gold and Silver Market and Technical Commentry and Tips To trade

Market Commentary:-

Gold Market opened at 947.25/948.25 and was well bid as the session began, peaking at

949.75/950.75. However this move quickly reversed as oil tumbled, equity markets

slumped and the dollar rallied. Gold Market retreated to an intraday low

941.50/942.50 before making back lost ground. The dollar gave back ground

helping the metal climb during much of the afternoon, finally settling at

945.25/946.25.

Silver opened on its highs at 1441.00/1444.00 in New York. Falling oil and base

metal prices inspired moderate selling as the trading day got underway and silver Market

slipped to a low of 1424.00/1427.00. It traded sideways until the early afternoon

as it became well bid, finding resistance near 1440.00. The metal later ticked

lower as the session unwound, finally closing at 1434.00/1437.00.

Technical Commentary:-

Gold weakened again today, but still resists the urge to collapse through the 50-

day coming in at $941.00. This support continues to be reinforced by the 38.2%

Fibonacci retracement level we pointed to yesterday. Gold Marginally past that point lies

one month uptrend support at $938.63. The market tone for the metal remains soft,

and only a move above yesterday's intraday high would reverse the psychology of

the price action.

Silver continued to be biased to the downside today; however most medium term

studies continue to generate buy signals. The MACD is trading above the signal

line (buy signal); the 9-day moving average (14.3250) is trading above the 21-day

(13.88); and the overall upward trend will remain intact until a breach of 13.80.

Accordingly, the outlook for silver remains cautiously bullish. Support comes in at

the 21-day moving average of 13.88, while resistance comes in at intraday congestion

of 14.50 followed by 14.80.

Daily Gold and Silver Price(Rate) As on 12-08-2009

Daily Gold Price(Rate) Close Today : 945.80
Change: 0.8 or 0.1%

Daily Silver Price (Rate) Close Today : 14.338

Change: -1 cents or -0.1%

Platinum Price(Rate) Close Today: 1241.50
Change: -10.00 or -0.8%

Palladium Price(Rate) Close Today: 275.60
Change: -2.00 or -0.7%

Daily Gold Silver Price(Rate) Ratio Today: 65.86
Change: 0.567 or 0.9%

Dow Industrial: 9,241.45
Change: -96.50 or -1.0%

US Dollar Index: 79.14
Change: -0.06 or -0.1%

The whole world, or the markets at least, are holding their breath before tomorrow's Federal Reserve Open Market Committee. Ho-hum. Whatever they do will have no more than passing effect.

US DOLLAR INDEX today remained essentially flat, down 5.6 basis points to 79.144. Nothing. I am still waiting to parse the dollar, whether it will rally further and delay Daily Gold and Silver Price(rate) or resume its fall. Stay tuned until the Holy Monetary Monks read the sheep guts and speak their oracles.

STOCKS moved more than other markets today, with the Dow dropping 96.5 to 9,241.45. Just my gut feeling, but I think this is a shallow correction indicating buying power under the market. After all, what else can people buy, other than stocks? Most don't have enough imagination, or have been too misled and brain-washed, even to consider silver or gold. But the rally is a seducer, a Siren, a trap for bulls set by the bear. Use higher stock Daily prices(rate) to sell whatever stocks you have left, and put the proceeds into silver and gold.

On Comex today Daily GOLD Price(rate) closed up a mighty, a magnificent, eighty cents at US$945.80. Whole day was slow, with a high at 949.70 and low at 942.10. It's a wonder the floor traders didn't fall asleep on their feet.

And Daily SILVER Price made big moves likewise, closing down one cent [sic] at 14.338 cents.

Tomorrow's FOMC announcement will take pressure off markets one way or the other. I know, I understand, it is repeated to me o'er and o'er that metals are in danger of falling off here, but until I see the Daily gold price(rate) drop below 920 then 909 and the silver price below 13.75, I won't be joining their opinions.

On this day in 1860 opened the first successful US silver mine near Virginia City, Nevada. The fabled Comstock Lode between 1859 and 1911 produced 7,380,000 ounces of gold and 176,640,000 ounces of silver. You can still visit the old mines in Virginia City, near Reno.

Gold and silver technical Commentry, levels, Free Mcx and Commodities trades.

Gold and Silver Market Commentary As on 11-08-2009

Gold opened on its highs levels at 953.00/954.00 (as on in Indian Mcx market) and was quickly swept lower, triggeringstops, tumbling to an intraday low level of 942.00/943.00. It recovered marginally from its lows and trade(same as in Mcx Markets in India) lightly within a range. The metal became bid during the early afternoon, finding resistance near level 950.00. It lost ground as the session unwound, finally settling at level 944.50/945.50.

Silver opened at level 1450.00/1453.00(same as in Mcx in Indian Market) and tumbled as the metal was well offered,reaching a low of level 1428.00/1431.00. Oil rallied and silver followed making back lost ground as the session progressed, climbing back towards 1450.00. The metal peaked at 1452.00/1455.00 but could not hold this level as light profit taking took it lower. It trade within a range as the day came to a close, finally settling at1437.00/1440.00.

(Note:- This Market Commentry is Apply same ti Indian MCX Markets)

Technical Commentary

Gold is weak on the dailies, falling again today, but finding support just above its50-day moving average level at $941.67. The 50-day is reinforced by the fact that it corresponds to the 38.2% Fibonacci retracement of the April to June up move, off strong support at the multiple April lows at $865.50, the last of which now constitutes multi-month trend support. Should the 38.2%/50-day level give way, we next see strong support holding in at the 50% Fibonacci retracement of the previously mentioned up move, corresponding to the 100-day moving average at $927.50.

Silver level market action on August 6th now appears to have been a temporary top, confirmed today by the close below the low (14.56) from the 6th. Accordingly, near-term trading looks biased for further downside; however, none of the longer term studies have turned and continue to be in buy territory. The short-term up trend will only be broken with a break and close below 13.69. Near-term support comes in at the 50-day of 14.03, while resistance lies at the recent high of 15.05 from August 6th.

Note:- This Techinical Commentry Applys same to Indian MCX Markets

Tips to trade:-

As I promise to my Readers My Freeeeeee tips on Gold and Silver trades. My tips on Gold applys on both The MCX Market and The International Commodities Markets.

In our point of view if you want to buy in gold and silver in MCX and in International Commodities this is the right time for small profits. Do not wait more for a dip. We think the rates of gold and silver again touch the high level of 965$ in gold and 14.50 in silver.

Happy trading from me and my Team.

Daily Gold and Silver Trades:- As On 11-08-2009

Gold Price Close Today : 945.00
Change: -12.30 or -1.3%

Silver Price Close Today : 14.348
Change: -31.3 cents or -2.1%

Platinum Price Close Today: 1251.40
Change: -5.00 or -0.4%

Palladium Price Close Today: 275.55
Change: 0.00 or 0%

Gold Silver Ratio Today: 65.86
Change: 0.567 or 0.9%

Dow Industrial: 9,337.95
Change: -32.12 or -0.3%

US Dollar Index: 78.04
Change: 0.46 or 0.6%

The US DOLLAR INDEX today rose 29.9 basis points to 79.219. The high was 79.395, scant points below last week's high. If the dollar exceeds that, then it begins to look as if last week's low at 77.577 was perhaps the low of the last leg down of the dollar's decline. The 50 day moving average (DMA) stands above at 79.61. Dollar must drop soon or we will be dealing with a dollar rally.

As 9,330 was Dow resistance on the way up, it becomes support on the way down. Maybe stocks have corrected enough, and will start up again tomorrow. No matter, you should be using this rally to get rid of any stocks you have left.

Harbinger to watch: the Dow in Gold Dollars (DiG$, the Dow measured in gold) inched up to a new high today, G$204.27 (9.881 oz.).

The Gold Price dropped today to its 50 DMA (943.26), pretty tame stuff for a correction. Today's low possibly fulfils the goal of a shallow correction. The goldprice may hit US$940 - 938 tomorrow. Correction should not/must not violate US$928 support. Gold's drop came all on the open, then 944 held like a stone wall all day. Comex closed down 12.30 at US$945. Current (16:58 Central time) is US$946.90.

The Silver Price held firm at 14.30. The 50 DMA now stands at 14.10. It's hard for me to picture the silver price dropping below $14

If y'all were waiting for a dip to buy silver and gold prices, you'd better dip your toe in now.

Daily Market watch and gold and silver tips. As On :- 06-08-2009

Daily Market watch and gold and silver tips. As On :- 06-08-2009

Expect Sideways or Lower Gold Prices Tomorrow

Gold Price Close on Wednesday : 964.20
Change: -3.30 or -0.3%

Silver Price Close Wednesday : 14.753
Change: 6.5 cents or 0.4%

Platinum Price Close Wednesday: 1288.00

Change: 13.00 or 1.0%

Palladium Price Close Wednesday: 277.35

Change: -4.00 or -1.4%

Gold Silver Ratio Wednesday: 65.36

Change: -0.514 or -0.8%

Dow Industrial: 9,280.97
Change: -39.22 or -0.4%

US Dollar Index: 77.58
Change: -0.14 or -0.2%

Last three days the US DOLLAR INDEX has been bouncing off 77.5 - 77.6. Today it tried to break through that at 77.428 but failed. Today it will probably succeed.

STOCKS did not like something today. Probably need a rest after failing twice to breach 9,325 Dow. Today they should dip further, but rally remains in force.

GOLD'S floor moved up today with a 956.95 low, but it spent most of the day above 962. High was 967.92, Comex close was US$964.20, down 3.30. Expect sideways or lower gold prices today. The larger rally is still going, this is merely a small correction.

SILVER today was bound in the range 14.60 - 14.80. It just couldn't pierce 14.80. Silver could get a 3 day reaction down from here before it mounts another attack on 14.80. Comex silver closed at 14.753, up 6.5 cents.

US DOLLAR depends for its value upon confidence. Yes, it is a confidence game. What grabs my attention by the throat is how many serious people are telling me they no longer trust the US dollar and must get out of it. Friends, this is new. Never heard this before last fall. US regime is losing its core support.

Daily Update

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Tuesday, August 04, 2009

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Market Commentary

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

Short covering before the session began carried the metal higher to open

in NY at 954.75/955.75. Personal Income and Spending numbers both

came in near expectation, having a benign impact on the metal. Oil and

base metals later reversed, climbing towards positive territory and gold

followed, finding resistance near 965.00. However it remained well bid on

the back of investor demand, peaking at 969.50/970.50. The dollar went

on the offensive and oil retreated, inspiring light profit taking as the trading

day unwound, finally settling at 966.70/967.70.

Silver quickly rallied before the open, as funds bought the metal. It

opened at 1424.00/1427.00 and continued to climb as oil recaptured lost

ground and copper pushed higher. Resistance was established near

1445.00 but later climbed above this level and marched to an intraday high

of 1477.00/1480.00. A small correction as the trading day unwound,

caused the metal to slip marginally off its highs to close at

1468.00/1471.00.

Technical Commentary

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

Gold at current 964 level is finally closing above 23.6% Fibo level resistance

of 960. This opens the door for a return to 990 June high. Long Gold

positions will now exit below 950 on any failed up side moves. At current

levels we are on our 4th up week since the correction to 905. Last weeks

price action took many Gold bulls out of their positions making downside

more supported on any dip.

Silver at 14.58 is showing as the 4th up day in a row. Today the unit

traded very close to 14.80 which is the 61.8% Fibo of the 16.24 to 12.46

down move.

Our Reliabilty:-

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

Our tips are proving there resistance from last week I am telling my readers to hold on buying positions for long profits now see your self. We proof our self by our Technical and Astrological Team.

Commodities tips:-

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People who having buying positions can book there profit now but there is more rise left in Commodities markets. You can see some correction at this time. But what i suggest buying here in any commodity should be risky. So wait for rise and sell at that positions.

Next Logical Gold Price Target, Probably Within Two Days, is US$990

Next Logical Gold Price Target, Probably Within Two Days, is US$990

Gold Price Close Today : 967.50
Change: 10.90 or 1.1%

Silver Price Close Today : 14.688
Change: 44.3 cents or 3.1%

Platinum Price Close Today: 1266.50
Change: 27.00 or 2.2%

Palladium Price Close Today: 276.65

Change: 4.00 or 1.5%

Gold Silver Ratio Today: 65.87
Change: -1.283 or -1.9%

Dow Industrial: 9,320.19
Change: 33.63 or 0.4%

US Dollar Index: 77.76
Change: 0.17 or 0.2%

The Gold Price was not to be denied today, with a steady climb upward from opening bell to Comex close and beyond to 970.05, then settling down to mid US$960s support. The gold price rose 10.90 to close on Comex at 967.50. This has crushed resistance at 960, so next logical gold price target, probably within two days, is US$990. The MACD indicator shows this rally could go on for another four weeks, but the RSI looks overbought.

Climbing the same old wall of worry. I notice that I have spells of doubt -- is this really it? Crazy, but maniacal silver & gold bug that I am, my thoughts have fought every rally, all the way up. Human propensity to worry.

Daily gold and silver Marketwatch:-

Market Commentary:-

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

Gold market climbed during the London session on the back of rallying equity
markets, weaker USD and stronger oil prices to open at 958.50/959.50 in
New York. It traded erratically during the early morning, slipping lower,
finding support near 957.00. It gathered momentum as the dollar continued
to soften and equity markets strengthened. It remained well bid on
investor demand, carrying the metal to an intraday high o 962.25/963.25.
However heavy profit taking as the day unwound, dragged gold market to a low of
954.50/955.50, before settling at 956.75/957.75.

Silver market opened at 1429.00/1432.00 and was carried on the back of stronger
copper and oil prices, peaking at 1446.00/1449.00. Light profit taking
pushed the metal from its highs, finding support near 1430.00. It recaptured
lost ground as the dollar sold off against most majors and equity
markets rallied before trading within a range. Silver market became well offered
as the session moved towards the close, dipping to a low of
1424.00/1427.00 and finally settling at 1426.00/1429.00.

Technical Commentary:-

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

Gold market traded through the Fibonacci resistance level at 960 on its way to a

New York Session high of 962.25/963.25. Expect further scale up selling
from 962.25/963.25 to the European high around 964.50. There will be
further resistance in front of 968.00 but a break through should set the
sights on the June high around 990.00. Near term support lies from today’s
low around 955.00 down to 946.00.

Silver market was strong early on taking out resistance at both 14.10 and the 50%
Fibonacci level at 14.35 on its way to a high of 14.46/14.49 before settling
around 14.27. Expect further resistance in front of 14.50 although a convincing
break should lead to a test of the 14.75/14.80 area. Near term
support should be found between 13.90 and 14.00.

Gold Silver Platinum Palladium

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

Open 958.50/959.50 14.29/14.32 1,212 262.00

High 962.25/963.25 14.46/14.49 1,242 275.00

Low 954.50/955.50 14.24/14.27 1,205 261.35

Close 956.75/957.75 14.26/14.29 1,238 273.75

(Base) 959.75 14.380 1,215 268.00

Gold Silver Platinum Palladium

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Pivot 950.47 14.045 1,220 267.75

Primary Support (Buy) 938.43 13.605 1,198 260.50

Primary Resistance (Sell) 968.37 14.690 1,259 279.75

HBOP 998.30 15.775 1,320 299.00

LBOP 908.50 12.520 1,138 241.25

Bollinger Band Upper 966.21 14.292 1,242 272.86

Bollinger Band Mid 936.75 13.429 1,167 251.34

Bollinger Band Lower 907.29 12.566 1,092 229.81

Tips for trade:-

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

Our technical section says there is more rise left in gold, siver and crude, copper market but we do not suggest buy in any trade now at this time because a lot of risk involved in it. The best trade we seek from now is to wait for rise and sell at that time. So wait for that time.

Free Mcx and International commodities market tips:-

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Hello peoples. How are you today hope you all are fine. I am also fine. Lets forget about all things and talk about today mcx trades and International commodities markets. Today is monday the first day of this trading week. The first day is very important for the whole week because the trend set by the first week is followed by the whole week. So watch for today's high ,low and the trend set by today.

Profit and loss from last tip:-

I said you on friday hold gold, silver, crude and copper for some rise. Watch today the result is open. Peoples who hold there positions as said by me should surely make profits from them.


Our specification:-

Our technical team and our astrological team is very specified in there mcx and International commodities trades. We give our readers 80% to 90% assurety of our tips and that is for free. People charges for this service nearly about 6000 to 50000 and we are giving it for free. So pls keep faith on us we will there every time u need. If you have any problem in your trades you can write us as an comment of tips posts we will help you as early as possible.

Mcx and International Commodities market tips:-

Traders who are holding there buying positions can book there profits and if they want to hold there positions for more profits they can.

Note :- There is little rise left in Mcx and International commodities markets

People who want to do fresh trade will wait because there is some rise left in commodities markets. After that a long dip do sell trade at that time.

Techinical points

Last day gold opened at 936.00/937.00 and drop a little with light selling, reaching the levels

931.50/932.50 after that seen some bullish with investors demand.

Level is established near 943.00 and the metal traded otherways

within a narrow range. Dollar and Crude traded as heavy buying, triggering stops,

driving gold higher. Within seconds it

spiked to an intraday high of 957.50/958.50, before pulling back and finally

settling at 953.25/954.25.

Silver opened at 1355.00/1358.00 and quickly retreated as the session

began, hitting a low of 1338.00/1342.00. The metal recaptured lost

ground on thin buying, finding resistance near 1355.00. It traded within a

narrow range before it became well bid. Stops were triggered as silver

climbed above USD 1360.00, finally peaking at 1397.00/1400.00. The

market remained well supported near its highs and it traded sideways,

finally closing at 1395.00/1398.00.

Technical Commentary

Gold staged a very strong 20 dollar rally today to current 954. The week is

showing as an "up week" for the third session in a row in a move that

started down at 905. Top side resistance lies at Fibonacci level at 960

followed by June high 990. Gold was weak for the whole week dealing

down to 926, the 100 day moving average.

Silver at current 13.91 is showing as an "up week" for the third session in

a row. The unit appeared heavy all week so today's strong rally keeps the

topside move alive. Silver has resistance at 14.10 followed by 50% Fibo

at 14.35. The Gold Silver ratio is showing as a small "down week" for the

third time in a row at 68.56.

We turned neutral Gold and Silver this week due to the retracements back

through our support levels (Gold 943 and Silver 13.90). Despite the down

side breaks in the daily charts, the weekly trends of higher Gold and

higher Silver remain in tact.

Gold Silver Platinum Palladium

Open 936.00/937.00 13.55/13.58 1,188 259.00

High 957.50/958.50 13.97/14.00 1213 264.50

Low 931.50/932.50 13.38/13.42 1,181 255.75

Close 953.25/954.25 13.95/13.98 1,210 264.50

(Base) 939.00 13.820 1,189 256.00

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Gold, Silver, Platinum & Palladium

Gold Silver Platinum Palladium

Primary Support (Buy) 933.92 13.474 1,176 257.33

Primary Resistance (Sell) 962.98 14.195 1,228 267.83

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Tips related to Technical points:-

The give above analysis indicates that the trends of gold and silver markets at this point of time is some bullish. So you can see new highs in a very short time in both gold and silver. Book your profits at that time. I will tell u more in next week.

Commodities tips:-

Strictly for traders in Crude. Pls exit from all positions of Crude Oil and wait for dip to buy again.

Buyers in gold and silver (via) Given tip by me hold there Positions for little Bullishness.

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