MCX-WEEKLY TREND, SUPPORT & RESISTANCE (8-13TH FEB 2010)
GOLD APR
WEEKLY TREND-WEAK
R1 16746, R2 17204
MIDLEVEL 16389
PIVOT 16355
S1 15894, S2 15503
ABOVE 16470 STRONG
GOLD APR
WEEKLY TREND-WEAK
R1 16746, R2 17204
MIDLEVEL 16389
PIVOT 16355
S1 15894, S2 15503
ABOVE 16470 STRONG
Should investors fear a bubble in gold price? No, there is nothing to worry on gold investment and corrections in the price of gold should not be viewed as bubbles that would burst, says the World Gold Council (WGC).
BUY SILVER 24250 ,SL 24120, TARGET 24500
BUY GOLD 16270, SL 16200,TARGET 16430
Buy GOLD 16275, sl 16190, target 16550
source:SafeTradeadvisor.com
BUY GOLD APR @ 16200-240 SL 16160 TGT 16274-16312-16340.MCX
BUY SILVER MAR @ 24200-240 SL 24140 TGT 24300-24365-24420-24456.MCX
Positive trends for wheat in spot,futures trade
GOLD PCP 16286
TREND-STRONG
R1 16413, R2 16540, R3 16765
MIDLEVEL 16139
S1 16061, S2 15836, S3 15709
BELOW 16120 WEAK
By Jim Sinclair
1. Bretton Woods was folded.
2. The floating exchange rate system is about to be folded.
3. By default or design we are going to a one-world currency and a one-world central bank of central banks.
4. For Portugal, Ireland, Italy, Greece or Spain to break off from the euro would be an expansion of the floating exchange rate system under present conditions.
5. There are presently 3 major currencies. That is the US dollar, the euro and gold.
6. The SDR was an attempt to form a single reserve currency that never took flight.
7. The SDR is an accounting unit made up of an index of currencies much like the USDX.