OnlineCommodityCalls.com

By Jon Nadler
Gold’s price woes mounted overnight, with prices cratering some $16 further after Thursday’s near $50 freefall. Spot gold drew close to the $1047 per ounce mark, following its worst single-day rout in 16 months. Risk appetite has been placed in a deep freeze on the heels of yesterday’s poor US jobs report. Adding to trouble in the commodities sector is the surge in euro-oriented jitters engendered by the ‘whack-a-mole’ patterns of debt troubles that continue to spring up over various parts of the Old World.

Dollar strength and Euro Zone deficit concerns in Greece, Spain and Portugal lead to commodity prices falling across the board last week. Apart from gold, base metals and energy, most agri-softs also tumbled.

By Dan Norcini
The COT chart for gold is going to be a bit misleading in that it consists of data that only covers through Tuesday of this week and did not catch the sharp move lower of the last two days of the week. On both Monday and Tuesday of this week, gold had rallied strongly off the $1,080 level where a buyer of size had been very active. That buying took prices $40 higher off that support level reaching $1120 as of the close of trading Tuesday. If you look closely at the managed money position, you can see that the net long position actually showed an increase which corresponds to the rise in price.

By Chuck Butler
Good day… And a Happy Friday to one and all! It’s a draggin’ the line Friday for me, but I’ll make every attempt to turn it into a Fantastico Friday for sure! The Big Stock Sell off that I’ve warned about since probably June of last year, looks like it has finally arrived… Bringing with it, my biggest fears, that the link between all the risk assets, had not been broken completely, and this link has turned into a bloodletting on currencies and commodities…

By Larry W. Reaugh
Currently, the metal markets are correcting as most pundits are calling for a bubble collapse in all commodities. The prices of metals both precious and base moved up rapidly throughout 2009 resulting in rapid gains.

By Adam Hamilton
Over the last couple weeks, gold and silver stocks have been clobbered. The flagship index that tracks this sector, the HUI, hemorrhaged nearly a sixth of its value in just 8 trading days! Frightened traders have been scrambling for the exits, dumping their PM stocks at any price to rush their capital out of harm’s way.

BUY GOLD 16025, SL 15850, TARGET 16290

SOURCE: NIRMALBANG

BUY SILVER 23680, SL 23350, TARGET 24350

SOURCE: NIRMALBANG

BUY COPPER 293, SL 288, TARGET 301

SOURCE: NIRMALBANG COMMODITY

BUY CHANA MARCH 2305, sl 2265, target 2445

source:BUY CHANA MARCH: Stayvan commodity

MUMBAI: Punters, who were long on gold, silver, crude and copper futures on local commodity bourses, faced a spate of margin calls on Friday
morning after markets across the world tanked on Thursday over fears that many governments in East Europe would have troubles in financing their deficits.