Friday, September 7, 2012

MCX Tips and Gold Silver Reports

Gold Silver Reports

According to Bank of America by the end of this year to $ 2,000 per ounce of gold could reach. Gold and silver are traded in a narrow range, we saw a few months ago. Both commodities boom but now one of the highest level being late. Formed, we have seen record levels, particularly in gold. Since January, gold prices have climbed by 20 per cent. Meanwhile, silver has climbed 31 per cent. But today is dominated by short sellers believe that it is our knowledgeable gold and silver boom is not over yet. Commodities guru Jim Rogers legendary investor and the next 10 years, gold - silver glitter and thrive.
Currently, with the decline of 0.5 per cent on MCX gold is trading below Rs 31300. 1 per cent of the silver is trading at Rs 61 600 apart.

MCX Tips

  • MCX Copper (Nov Futures): Buy copper above 433 level with a stoploss of 426 and the target is 444
  • MCX Crude oil (September futures): Sell crude below the 5440 levels for the target of 4330, stoploss at 5490

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