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SELL ZINC FEB 98.45 SL 99 TGT- 97.55-96.60

SELL SILVER MAR 25900 SL 25950 TGT- 25770

PERTH : Gold price may go up to $1,350 per ounce in 2010. This opinion came from none other than Newmont Mining Corporation President Richard O’Brien.

BUY NICKEL 842,50, SL-837.60, T1-852, T2-860 – MCX

SOURCE:

Gold futures built on earlier gains to finish strong on Tuesday as the dollar weakened against the euro. Gold made a fresh, almost two-week peak as technical resistance levels were breached, drawing in fresh buying on the way up.

LONDON : Gold now stands at just under $1,100 an ounce, which is a fall from its high of $1,225 an ounce in the recent past. However, gold prices now is almost 40 per cent higher than a year ago.

BUY ALUMINIUM ABOVE 98.2, SL 97.3, TGT 99, 99.6, 100.4

SOURCE: COMMODITYONLINE.COM

BUY COPPER ABOVE 317, SL 314 , TGT  319.8,  322, 325

SOURCE:  COMMODITYONLINE.COM

Hem Securites has come out with its commodity reports. According to research firm the support for gold remained at Rs 16433/16265 per 10 gram it has resistance at Rs 16710/16819 per 10 gram.

GOLD PCP 16754
TREND-STRONG
R1 16841, R2 16929, R3 17068
MIDLEVEL 16676
S1 16614, S2 16475, S3 16387
BELOW 16600 WEAK

NEW JERSEY, USA : The current rise in the U.S. dollar and decline in U.S. stocks might actually strengthen the fundamentals of gold and silver. It is now more likely that Bernanke will continue to hold interest rates at 0% for a longer than expected period of time. Therefore, a rise in the U.S. dollar today could be setting the stage for a crash in the U.S. dollar as soon as late-2010, followed by the onset of hyperinflation, according to National Inflation Association of USA.