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Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.
2012-01-04
Today Calls updated(Enjoy with profit) 04.01.2012
Jmsquare Nifty: MCX CRUDE HAD A STONG RESISTANCE@5480 IF BREAK THEN TGT 5600 OTHERWISE DOWNSIDE TGT 5350 CMP 5456
Jmsquare Nifty: MCX COPPER CLOSE ABOVE 413 IN DAILY CHART THEN TGT 430 & 450 OTHERWISE RANGE WILL BE 396 TO 413 CMP 410
Jmsquare Nifty: COMEX GOLD HAD INTRADAY STRONG RESIS@1602 & SUPPORT @1590 IF BREAKS ANY LEVELS & TRADE ABOVE R BELOW THIS LEVEL FOR 1 HR THEN 15$ MOVE WILL BE THERE CMP1598
Jmsquare Nifty: GOLD WILL REACH 2012$ IN 2012 ? GOLABAL PREDICATIONS FOR GOLD COMING YEAR SENT TO U R MAIL ID CHECK IT
Jmsquare Nifty: ALERT 2 COMEX GOLD NXT STRONG REISITANCE 1609 IF CLOSE ABOVE IN DAILY THEN TGT 1640 STRONG SUPPORT@1592 & 1580
Jmsquare Nifty: RISK LOVERS BUY MCX GOLDM@27735 STOP BELOW 27600 TGT 28000
Jmsquare Nifty: THOSE WHO BOUGHT GOLDM@27735 BOOK PARTIAL PROFIT @27845 OTHERWISE KEEP U R STOP @COST HOLD THE TGT
Jmsquare Nifty: SELL MCX CRUDEOIL@5455 STOP ABOVE 5480 TGT 5400
Jmsquare Nifty: MCX CRUDE ALERT IF CRUDE TRADING BELOW 5440 FOR 15MINS THEN IT WILL UPTO 5425 & 5400
Jmsquare Nifty: BUY NATURAL GAS @160.5 STOP BELOW 159 TGT 165 STRICT STOP
Jmsquare Nifty: LOW RISK TRADERS EXIT COST TO COST IN CRUDEOIL OTHERS HAVE A STRICT STOP & HOLD THE TGT BCOZ HIGH VOLATILE
Jmsquare Nifty: THOSE WHO R BOUGHT NATURAL GAS@160.5 MAKE U STOP @COST & HOLD THE TGT
Jmsquare Nifty: LOW RISK TRADERS BOOK PROFIT IN NATURAL GAS@162.5 BUY FROM 160.5 OTHERS HOLD THE TGT WITH STOP @161.5
Jmsquare Nifty: MCX GOLDM HAD STRONG SUPPOT @27650 IF BREAKS & TRADE BELOW FOR 1 HR THEN TGT 27500 REISI@27790 & 27870 CMP@27715
Jmsquare Nifty: INTRADAY COMEX GOLD HAD SRONG SUPPORT @1595 STRONG RESIS@1609 IF BREAKS ANY LEVEL THEN 10$ MOVE WILL BE THERE
Jmsquare Nifty: THOSE WHO R HOLDIND CRUDEOIL SELL CALL @5455 BOOK PARTIAL PROFIT @5431 OTHERS TRIL STOP @5445 HOLD THE TGT
Jmsquare Nifty: CRUDE MADE LOW @5422 ALERT GAVE MCX CRUDE ALERT IF CRUDE TRADING BELOW 5440 FOR 15MINS THEN IT WILL UPTO 5425 & 5400
Hide Recent Messages (F3)
Jmsquare Nifty: HIGH RISK TRADERS BUY MCX CRUDEOIL@5430 STOP BELOW 5380 TGT 5520
Jmsquare Nifty: AGAIN BUY GOLDM@27590 STOP BELOW 27500 TGT 27800
Jmsquare Nifty: BUY COMEX GOLD @1595 STOP BELOW 1585 TGT 1610
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN GOLDM@27720 BUY FROM 27590 OTHERS HOLD THE TGT
Jmsquare Nifty: BOOK PARTIAL PROFIT IN CRUDEOIL@5498 BUY FROM 5430 OTHERS HOLD TGT 5600 WITH TRAIL STOP @5470
Jmsquare Nifty: COMEX GOLD MADE AHIGH@1609 BUY FROM 1595
Jmsquare Nifty: ENJOY WITH GOLDM MADE AHIGH@28850 BUY FROM 28590
Last message received on 1/4/2012 at 8:30 PM
GOLD WILL REACH 2012$ IN 2012 ?
MCX | ||||
| 2010 CLOSE | 2011 CLOSE | CHANGE | % CHANGE |
GOLD | 20728 | 27329 | 6601 | 31.85 |
SILVER | 46217 | 51029 | 4812 | 10.41 |
COPPER | 439.5 | 406 | -33.5 | -7.62 |
CRUDE OIL | 4088 | 4296 | 208 | 5.09 |
ZINC | 108.8 | 97.5 | -11.3 | -10.39 |
LEAD | 115.65 | 105.5 | -10.15 | -8.78 |
NICKEL | 1111.8 | 975.6 | -136.2 | -12.25 |
Above prices are in Indian rupees | ||||
COMEX FUTURES | ||||
| 2010 CLOSE | 2011 CLOSE | CHANGE | % CHANGE |
COMEX GOLD | $1,405.90 | $1,566.80 | $160.90 | 11.44 |
COMEX SILVER | $3,051.30 | $2,791.50 | -$259.80 | -8.51 |
COMEX COPPER | $436.25 | $343.60 | -$92.65 | -21.24 |
NYMEX CRUDE OIL | $89.84 | $98.83 | $8.99 | 10.01 |
Gains in gold and silver prices in India were primarily due to a weaker rupee against the US dollar which fell 18.50% last year
Gold produced positive returns during both the first half and second half of 2011. But gold had it’s 3rd weakest performance for the second half of the year since 2003. Gold has tended to perform better in the second half of the year than the first half of the year, but 2011 was an exception.
Several Wall Street firms have recently published their gold price forecasts for 2012. Goldman Sachs predicts the price of gold will peak at $1,900 per ounce and average $1,810 per ounce in the coming year. Goldman attributes its bullish gold price outlook to further net buying by central banks and strong physical demand from investors, the ongoing negative real interest rate environment in the U.S., and continued European sovereign debt and global recessionary concerns.
The firm cautions that the biggest risk for the yellow metal is further strength from the U.S. dollar. As has been the case in recent months, investors could continue to view gold as more of a commodity than money and as a risky asset. Nevertheless, Goldman states that the factors influencing the yellow metal continue to point to higher prices in 2012.
Gold prices will rally again in 2012 to reach $2,000 to $2,500 per ounce according to a commodities strategist at Bank of America Merrill Lynch.
UBS have reiterated their bullish outlook for gold and believe gold will average $2,050/oz in 2012.
Barclays Capital says gold will average $2,000/oz in 2012 – which is 25% above today’s spot price.
John Embry, chief investment strategist of Sprott Asset Management, said the price of the yellow metal could possibly exceed $2,500 in the next 12 months.
At Sunshine Profits we also went out on a limb and guesstimated gold's high for 2011 at $1,800 and $45 for silver.
Australia's Bureau of Resources and Energy Economics forecast in its December quarterly report that gold prices in 2012 would still go up 17 per cent to $1,850 an ounce.
A survey of the Professional Numismatists Guild (www.PNGdealers.com), a non-profit organization composed of the country's top rare coin and bullion coin dealers, almost unanimously points toward price increases. Coin dealers’ predictions of where gold will close at the end of the first quarter in 2012 ranged from a low of $1,475 per ounce to a high of $2,155, with a mean average of $1,759.57. Their estimates for gold at the end of 2012 varied from $1,450 up to $2,575 with the average $1,976.22.
Predictions about silver in the first quarter varied from $24.35 per ounce to $57.50 with a mean average of $34.04, and from $23 to $130 with the average of $48.73 by the end of 2012.
The recent declines have left some gold investors feeling beaten, battered and bruised. But we have to keep in mind that over the long haul, gold is the ultimate safe haven and we believe that based on the underlying fundamentals which have not changed, it will go up in 2012. Our guesstimates for 2012 are $2,200 for gold and $50 for silver (silver is likely to outperform once it breaks through $50). Gold has risen 645% while the Dow Industrials has only gained 13% over the past decade. Gold has maintained its safe haven status for thousands of years and there is not another investment that can make that claim. No one ever mentions that in spite of the recent and much publicized decline, gold is still up $220.30/oz or 15.91% for the year. That’s almost double the gains in the Dow.
Disclaimer
Ours is an advisory role. The final decision and consequences based on our Information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.