COMEX SILVER WILL TAKE U TURN R NOT

SILVER VIEW FORM GLOBAL ANALYSTS

‘Buying silver under $30 today is like buying it at $5 ten years ago.’

Colin Hayward, Gearology


Silver is a bargain below $30, said Hayward, who’s also president of Gearology, which sells gold- and silver-themed consumer products. “Buying silver under $30 today is like buying it at $5 ten years ago


Silver is ready to finish a dramatic year near the level it started, and some analysts predict big gains, and heavy volatility, for the white metal in 2012.

“Silver went parabolic when it broke above $29 back in March of this year,” said James Carrillo, senior portfolio adviser for Swiss America Trading Corporation. “It fulfilled its parabolic blow off at $50 shortly thereafter and is now testing the break point.”

CRUDE OIL Will TAKE 'U' turn ' R ' will make a LOW AGAIN

HIGH RISK TRADERS

BUY CRUDEOIL @93.75 TO 94

LOW RISK TRADERS

WAIT &
BUY CRUDEOIL @90.5 TO 91

FOR THE TGT 98 AND STOP LOSS BELOW 90 IN DAILY CLOSING BASIS

IF CLOSE BELOW 90 CONSECUTIVE 2 DAYS THEN IT WILL FALL UP TO 75$


MCX TRADERS



BUY MCX CRUDEOIL JAN @ 4970 TO 80 STOP BELOW 4910 OR TGT OF 5080

LOW RISK TRADERS

WAIT & BUY MCX CRUDEOIL@ AS PER COMEX @90 TO 90.5 U WILL BUY @ THE TIME BECOZ OF INR

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POSITIONAL TRADERS GOLD WILL BUY @THIS LEVEL R SELLING CONTINUE AGAIN

OTHER NEWS
(Bloomberg) -- Credit Suisse Says Gold Drop May ‘Bottom Out’ Above $1,500
Gold may “bottom out” above $1,500 an ounce, Credit Suisse Group AG said in a report e-mailed today. Selling may stall as “buying of physical emerges in greater volume from both the Chinese market and emerging market central banks,” the bank said.

(Bloomberg) -- Gold No Longer a Safe Haven, UBS Says in CIO Monthly Letter
Gold is no longer a safe haven, UBS AG said in its monthly CIO letter. “Going into 2011, most investors believed that safe havens included gold, the Swiss franc, U.S. dollars, U.S. Treasuries, and Japanese government bonds,” the bank wrote in the letter. “As we enter 2012, neither gold nor the Swiss franc retains a safe haven status.”

(Bloomberg) -- Gartman May Buy Gold If Prices ‘Cascade’ Below Yesterday’s Lows
Economist Dennis Gartman said gold may “cascade” lower if prices drop below yesterday’s lows by early next week. If that were to happen, Gartman would “begin to look again at buying gold,” he said today in his daily Gartman Letter. He sold the last of his gold earlier this week.

(Bloomberg) -- China’s ICBC Says It Joins London Bullion Market Association
The Industrial and Commercial Bank of China Ltd., the world’s largest bank by market value, has joined the London Bullion Market Association as a full member, as the country’s imports of the precious metal gained to a record.

The Beijing-based bank will use the opportunity to forge itself into a global precious metal investment and management bank, according to an e-mailed statement from the lender. The LBMA is the London-based trade association that represents the wholesale over-the-counter market for gold and silver in London. China is the world’s largest gold producer.

The public is already starting to become aware of the gold bull. All we need at this point to start the flood is for gold to recover quickly from this selloff. If gold quickly shoots back up and tags, or penetrates that big psychological $2000 number I expect it will be the siren call that draws the public into the bull market. And it is the public coming into a market that triggers the bubble phase.

During this phase of the bull I expect gold starts to accelerate into what will almost certainly be the most incredible parabolic advance, maybe in history. By the fall of 2014 I expect we will see gold somewhere between $7,000 and $20,000 an ounce By Toby Connor, GoldScents)