Top 10 country holders of gold reserves
SINGAPORE: The International Monetary Fund on Wednesday said it would shortly begin selling 191.3 tonnes of gold in the open market under a
programme approved last year to boost its resources for lending.
Archive for February 18th, 2010
Will China miss IMF gold buying bus?
By David Lew
Will China miss buying gold from the International Monetary Fund (IMF)? It looks that China will miss the bus in buying gold from IMF as the latter is going ahead to sell 191 tonnes of gold soon in the open bullion market.
See copper falling to Rs 320/kg ahead: Sushil Global Comm
Industrial metals prices edged up on Wednesday after upbeat economic data from the US bolstered demand prospects further. It also helped counter the bearish impact of a strong dollar.
Does Chinese Monetary Policy impact commodities?
By Dr. Jeffrey Lewis
The Chinese have emerged as the new economic superpower, and already investors are beginning to feel the impact of Chinese monetary policy on commodity prices.
>>>N A T U R A L Gas & S O Y A Oil Alert>>>
H! Friends,
N A T U R A L Gas Alert
>>>IndiaMCX Market Updates 18th February 2010>>>
H! Friends,
Today NCDX Market Calls(18feb): Kotak Commodity
Mustard April futures are trading weak and have broken the strong support of Rs 485, next support can be seen at Rs 473. Volume and open interest is flat, said Dharmesh Bhatia, technical analyst, Kotak Commodity Services. Selling on rise at Rs 487-490 with stop loss of Rs 495 and target of Rs 477 is advisable.
TODAY MARKET CALLS FOR COMMODITIES (18Feb2010) :Sushil Global Commodity
SELL GOLD 16600, SL 16685, TGT 16420
SELL SILVER 24900, SL 25050,TGT 24375
TODAY MARKET CALLS FOR COMMODITIES (18Feb2010) :Kedia Comm
TODAYS MARKET CALLS
Astrology:Commodity Market Predictions 18 Feb 2010
As per financial astrology, 18th day of February is represented by Mars. Year 2010 is represented by Jupiter. Combination of Jupiter and Mars may create weakness in base metals.
MCX-TODAY TREND, SUPPORT & RESISTANCE (18TH FEB 2010)
GOLD PCP 16756
TREND-WEAK
R1 16849, R2 16943, R3 17035
MIDLEVEL 16757
S1 16663, S2 16571, S3 16477
ABOVE 16850 STRONG
Swing Trades for 18 feb 2010
Swing trades:-
GoldBuy (above)16825 trg16940/17030/17070 stop 16720
Silver Buy (above)25175 trg 25400/25600 stop 24975
Crude OilBuy (above)3560 trg 3610/3640 stop 3525
Buy (dips)3525/20 trg 3575/3605 stop 3490
CopperBuy (above)329 trg 334/337 stop 326
Sell (below)326 trg 322/319 stop 330
Trading Advisor
www.trading-advisor.blogspot.com
IMF to sell remaining 191 tonnes of gold soon
WASHINGTON : Once again, gold sale by the International Monetary Fund (IMF) is going to make waves in the bullion markets around the world. After selling 212 tonnes of gold to India, Sri Lanka and Mauritius in the last three months, IMF says it is all set to sell the remaining yellow metal soon.
Gold to be weak over next two weeks: Microsec Commerze
India gold demand remained slack for a third day on Wednesday as prices continued to rise, but a stronger rupee, which makes the dollar-quoted asset cheaper, aided sentiment, dealers said.
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