Market Update - 9 Feb 2010

09/02/2010 17:39
** P D HIGH = Previous Day High, P D LOW = Previous Day Low, P CLOSE = Previous Day Close
IF "COMMODITY" & "+ / -" BOTH COLOMN ARE IN "RED" = BEARISH & IF "GREEN" = BULLISH
** SELL Signal = If price close below PIVOT POINT or Previous Day Low  ** BUY Signal = If price close above PIVOT POINT or Previous Day High
S  = Support  , R = Resistance
COMEX
COMMODITY	P D HIGH	P D LOW	CURRENT	S4	S3	S2	S1	PIOVT	R1	R2	R3	R4	+ / -
GOLD APR 10	1074.30	1061.80	1069.70	1028.68	1041.18	1053.68	1058.05	1066.18	1070.55	1078.68	1091.18	1103.68	13.40
SILVER MAR 10	15.32	14.95	15.21	13.99	14.36	14.73	14.87	15.10	15.24	15.47	15.84	16.21	0.26
CRUDE MAR 09	72.39	70.77	72.34	66.83	68.45	70.07	70.99	71.69	72.61	73.31	74.93	76.55	0.70
LME
COPPER 3 M	6475.00	6340.00	6450.00	6008.75	6143.75	6278.75	6352.50	6413.75	6487.50	6548.75	6683.75	6818.75	170.00
NICKEL 3 M	17398.00	16975.00	17275.00	15919.25	16342.25	16765.25	16978.50	17188.25	17401.50	17611.25	18034.25	18457.25	225.00
TIN 3 M	15400.00	14850.00	15200.00	13512.50	14062.50	14612.50	14925.00	15162.50	15475.00	15712.50	16262.50	16812.50	-250.00
CURRENCIES
USDINR	46.9000	46.6550	46.6488	46.0475	46.2925	46.5375	46.6650	46.7825	46.9100	47.0275	47.2725	47.5175	0.0800
USDSGD	1.4245	1.4185	1.4190	1.4035	1.4095	1.4155	1.4185	1.4215	1.4245	1.4275	1.4335	1.4395	-0.0005
EURUSD	1.3718	1.3622	1.3737	1.3395	1.3491	1.3587	1.3647	1.3683	1.3743	1.3779	1.3875	1.3971	0.0065
GBPUSD	1.5660	1.5535	1.5606	1.5247	1.5372	1.5497	1.5585	1.5622	1.5710	1.5747	1.5872	1.5997	0.0021
SGDINR	32.9620	32.1815	32.8741	30.4080	31.1885	31.9690	32.5370	32.7495	33.3175	33.5300	34.3105	35.0910	0.0598
ASIAN & AMERICAN MARKETS
BSE	16061.41	15651.99	16059.01	14655.04	15064.46	15473.88	15705.19	15883.30	16114.61	16292.72	16702.14	17111.56	144.68
NSE	4799.05	4675.40	4797.40	4377.90	4501.55	4625.20	4698.65	4748.85	4822.30	4872.50	4996.15	5119.80	41.75
STRAITS TIMES	2700.85	2665.97	2745.02	2580.44	2615.32	2650.20	2669.31	2685.08	2704.19	2719.96	2754.84	2789.72	10.06
HANG SENG	19673.11	19423.05	19790.28	18784.96	19035.02	19285.08	19397.17	19535.14	19647.23	19785.20	20035.26	20285.32	-114.19
DOW	10028.56	9904.09	9908.39	9588.21	9712.68	9837.15	9894.68	9961.62	10019.15	10086.09	10210.56	10335.03	-103.84
NASDAQ	2152.64	2125.11	2126.05	2053.39	2080.92	2108.45	2119.31	2135.98	2146.84	2163.51	2191.04	2218.57	-15.07

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Commodity Daily

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Note- Members express their own view  & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell call, pl use  own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u  have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.
NEW INVESTORS SHOULD BE VERY CAREFUL.

GOLD HDWM Update 05 Feb 2010 - Do u wonder why gold fall so much ?? - must read

Dear Members,

Please find attached PDF and GIF files for your reference.

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Thanks,
Commodity Daily

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To subscribe visit link http://groups.google.com/group/commoditydaily/subscribe  
To unsubscribe from this group, send email to commoditydaily-unsubscribe@googlegroups.com

BLOG : http://commoditydaily.blogspot.com

Note- Members express their own view  & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell call, pl use  own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u  have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.
NEW INVESTORS SHOULD BE VERY CAREFUL.

Gold Price Holds Up for Non-U.S. Investors

Dear Members,

Gold looks technically bearish when looking on the US Dollar and Yen price per ounce but appears to bottom out in most other major currencies.
The Euro's strong decline to a 6-month low below $1.39 in the wake of continuing woes about Greece's precarious position, probably only a precursor to more deficit disasters in the Eurozone, has cushioned gold's correction from the all time high for Euro investors. Swiss and British savers see a similarly pronounced effect.

Gold has also built what could be a bottom in Australian and Canadian dollars.
I am always puzzled to see that gold prices are still exclusively expressed in Federal Reserve Notes in media worldwide as this masks the real change for local investors.

The charts below again confirm my thoughts about fundamental flaws in technical forecasting, like simply which chart to take in the first place. Most investment advisors outside the US (and Japan) should actually ring the buy bell based on stabilizing domestic gold prices.

Gold in FRN/Dollars

CHART: Gold priced in Federal Reserve Notes [FRN] looks certainly bearish.

Gold in Euros

CHART: Gold priced in Euros held up fairly well thanks to stronger FRN and erased half of the losses since the top by now. This is an entirely different picture compared to FRN.

Gold/DXY

CHART: Gold price expressed in USD Index units. The downtrend is due to the heavy weighting of Yen in the index.

Gold in Sterling

CHART: Gold priced in British Pounds. Brits, caught in the deepest recession, do well with gold.

Gold in Swiss Francs

CHART: Gold priced in Swiss Francs. The Swiss may fare well with gold if the banking world amidst the Alps caves in.

Gold in Yen

CHART: Gold priced in Yen. I expect this chart to turn bullish as Japan's net debt-to-GDP ratio exceeds 115%, the highest in the developed world, while demographics will impede any structural growth chances.

Gold in Australian Dollars

CHART: Gold priced in Australian Dollars has bottomed out, it appears.

Gold in Canadian Dollars

CHART: Gold priced in Canadian Dollars. A commodity currency like the Aussie dollar, the Loonie manages to avoid further appreciation against FRN.

Gold in Indian Rupees

CHART: Gold priced in Indian Rupees. With not much recovery news coming out of India the Indian Rupee has stabilized against the US currency, hitting Indian gold holders twice.

Deficit Madness Fundamentally Supports Gold
Speculations that US President Barack Obama will most likely present a US budget that will see the deficit explode to $1.556 Trillion, after an earlier, more conservative estimate of $1.35 Trillion by the Congressional Budget Office, were fueled by a Reuters report:

A congressional source told Reuters that the White House would project a record $1.6 trillion deficit for the United States in the current 2010 fiscal year that ends Sept. 30. That is an increase from the $1.4 trillion gap in 2009.
The budget is due out at 10 a.m. EST/1500 GMT

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Thanks,
Commodity Daily

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BLOG : http://commoditydaily.blogspot.com

Note- Members express their own view  & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell call, pl use  own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u  have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.
NEW INVESTORS SHOULD BE VERY CAREFUL.