There are scheduled meetings this weekend between EU members. In addition there is a scheduled meeting of euro zone finance ministers reported to take place on Oct. 13, as well as the G-20 finance ministers/central bankers meeting scheduled for Oct. 14-15. Expectations are for these meetings to produce something positive. If not, Greece will not be able to pay its bills. ONLY NEWS FROM GOLDSEEKIndian Stock NSE ,MCX,Ncdex,Forex,Comex Mareket Updates
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Disclaimer
2011-10-09
Comex Gold will make a HIGH@1770 'R' it will FALL TO 1470
There are scheduled meetings this weekend between EU members. In addition there is a scheduled meeting of euro zone finance ministers reported to take place on Oct. 13, as well as the G-20 finance ministers/central bankers meeting scheduled for Oct. 14-15. Expectations are for these meetings to produce something positive. If not, Greece will not be able to pay its bills. ONLY NEWS FROM GOLDSEEK
2011-10-04
Today Calls updated(Enjoy with profit) 04.10.2011
Jmsquare Nifty: POSITIONAL BUY GOLDM DEC@26850 STOP &TGT LATER
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN COMEXGOLD @1665 BUY CALL FROM 1652 OTHERS HOLD THE TGT 1720
Jmsquare Nifty: VERY HIGH RISK TRADERS CAN BUY MCX NICKEL@917 STOP BELOW 906 TGT 960
Jmsquare Nifty: POSITIONAL TRADERS BUY MCX SILVERMICRO@52350 STOP & TGT LATER
Jmsquare Nifty: SELL LEADMINI@97 STOP ABOVE 98.5 TGT 94
Jmsquare Nifty: SELL LEADMINI@97 STOP ABOVE 98.5 TGT 94
Jmsquare Nifty: POSITIONAL TRADERS BUY ZINCM@92.9 STOP & TGT LATER
Jmsquare Nifty: POSITIONAL BUY MCX ALUMINI@107.4 STOP 7 TGT LATER
Jmsquare Nifty: THOSE WHO R BOUGHT NICKEL@917 CAN BOOK THE PROFIT @934 RISK TRADERS HOLD THE TGT@960 WITH STOP @925
Jmsquare Nifty: COMEX GOLD REACHED 1680$ STRONG RESIS IF BREAKS NXT TGT 1720 OTHERWISE ANOTHER RANGEBOUND WILL HAPPEN 1660$ TO 1680$
Jmsquare Nifty: COMEX GOLD REACHED 1680$ STRONG RESIS IF BREAKS NXT TGT 1720 OTHERWISE ANOTHER RANGEBOUND WILL HAPPEN 1660$ TO 1680$
Jmsquare Nifty: I HAVE TECHANICAL CONFERENCE IN DELHI ON FRIDAY SO 05/10/2011 TO 10/10/2011 I AM NOT ONLINE REGALARLY IF U ANY DOUBTS REGARDING CALLS CALL ME @9042689098 & DONT CALL @9952833280
Jmsquare Nifty: I HAVE TECHANICAL CONFERENCE IN DELHI ON FRIDAY SO 05/10/2011 TO 10/10/2011 I AM NOT ONLINE REGALARLY IF U ANY DOUBTS REGARDING CALLS CALL ME @9042689098 & DONT CALL @9952833280
Jmsquare Nifty: THOSE WHO R SOLD LEADM @97 EXIT @97.1
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN GOLDM DEC@27000 BUY FROM 26850 OTHERS HOLD THE TGT 27200
Jmsquare Nifty: POSITIONAL BUY DEC GOLDM@26630 RTESTOP & TGT LATER
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN GOLDM DEC@26750 BUY FROM 26630 OTHERS HOLD THTE TGT 26900
Jmsquare Nifty: HIGH RISK TRADERS BUY CRUDEOIL@3758 STOP BELOW 3718 TGT 3820
Jmsquare Nifty: AGAIN POSITIONALCALL BUY GOLDM DEC@26670 STOP & TGT LATER
Jmsquare Nifty: MCX COPPER HAD STRONG RESIS@342.7 & STRONG SUPPORT@337.7 IF BREAKS ANY LEVEL 5 RS MOVE WILL BE THERE
Jmsquare Nifty: BUY SILVERMINI@51330 STOP BELOW 51200 TGT 51800
Jmsquare Nifty: CORRECTED ONE MCX COPPER HAD STRONG RESIS@343.7 & STRONG SUPPORT@337.7 IF BREAKS ANY LEVEL 5 RS MOVE WILL BE THERE
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK SILVERMINI@51600 BUY FROM 51330 & 51400 OTHERS HOLD TGT
Jmsquare Nifty: THOSE WHO R BOUGHT CRUDEOIL@3758 BOOK PROFIT NOW @3780 OTHERS HOLD THE TGT 3820
Jmsquare Nifty: THOSE WHO R BOUGHT DEC GOLDM@26670 PLACE U R STOP@26375 FINAL STOP FOR THE TGT 27000
Jmsquare Nifty: AGAIN BUY POSITIONAL BUY DEC GOLDM @26230 ANOTHER BUY 26000 STOP & TGT LATER HOLD TILL NEXT WEEK GOLDMINI ONLY
Last message received on 10/4/2011 at 10:17 PM
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN COMEXGOLD @1665 BUY CALL FROM 1652 OTHERS HOLD THE TGT 1720
Jmsquare Nifty: VERY HIGH RISK TRADERS CAN BUY MCX NICKEL@917 STOP BELOW 906 TGT 960
Jmsquare Nifty: POSITIONAL TRADERS BUY MCX SILVERMICRO@52350 STOP & TGT LATER
Jmsquare Nifty: SELL LEADMINI@97 STOP ABOVE 98.5 TGT 94
Jmsquare Nifty: SELL LEADMINI@97 STOP ABOVE 98.5 TGT 94
Jmsquare Nifty: POSITIONAL TRADERS BUY ZINCM@92.9 STOP & TGT LATER
Jmsquare Nifty: POSITIONAL BUY MCX ALUMINI@107.4 STOP 7 TGT LATER
Jmsquare Nifty: THOSE WHO R BOUGHT NICKEL@917 CAN BOOK THE PROFIT @934 RISK TRADERS HOLD THE TGT@960 WITH STOP @925
Jmsquare Nifty: COMEX GOLD REACHED 1680$ STRONG RESIS IF BREAKS NXT TGT 1720 OTHERWISE ANOTHER RANGEBOUND WILL HAPPEN 1660$ TO 1680$
Jmsquare Nifty: COMEX GOLD REACHED 1680$ STRONG RESIS IF BREAKS NXT TGT 1720 OTHERWISE ANOTHER RANGEBOUND WILL HAPPEN 1660$ TO 1680$
Jmsquare Nifty: I HAVE TECHANICAL CONFERENCE IN DELHI ON FRIDAY SO 05/10/2011 TO 10/10/2011 I AM NOT ONLINE REGALARLY IF U ANY DOUBTS REGARDING CALLS CALL ME @9042689098 & DONT CALL @9952833280
Jmsquare Nifty: I HAVE TECHANICAL CONFERENCE IN DELHI ON FRIDAY SO 05/10/2011 TO 10/10/2011 I AM NOT ONLINE REGALARLY IF U ANY DOUBTS REGARDING CALLS CALL ME @9042689098 & DONT CALL @9952833280
Jmsquare Nifty: THOSE WHO R SOLD LEADM @97 EXIT @97.1
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN GOLDM DEC@27000 BUY FROM 26850 OTHERS HOLD THE TGT 27200
Jmsquare Nifty: POSITIONAL BUY DEC GOLDM@26630 RTESTOP & TGT LATER
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN GOLDM DEC@26750 BUY FROM 26630 OTHERS HOLD THTE TGT 26900
Jmsquare Nifty: HIGH RISK TRADERS BUY CRUDEOIL@3758 STOP BELOW 3718 TGT 3820
Jmsquare Nifty: AGAIN POSITIONALCALL BUY GOLDM DEC@26670 STOP & TGT LATER
Jmsquare Nifty: MCX COPPER HAD STRONG RESIS@342.7 & STRONG SUPPORT@337.7 IF BREAKS ANY LEVEL 5 RS MOVE WILL BE THERE
Jmsquare Nifty: BUY SILVERMINI@51330 STOP BELOW 51200 TGT 51800
Jmsquare Nifty: CORRECTED ONE MCX COPPER HAD STRONG RESIS@343.7 & STRONG SUPPORT@337.7 IF BREAKS ANY LEVEL 5 RS MOVE WILL BE THERE
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK SILVERMINI@51600 BUY FROM 51330 & 51400 OTHERS HOLD TGT
Jmsquare Nifty: THOSE WHO R BOUGHT CRUDEOIL@3758 BOOK PROFIT NOW @3780 OTHERS HOLD THE TGT 3820
Jmsquare Nifty: THOSE WHO R BOUGHT DEC GOLDM@26670 PLACE U R STOP@26375 FINAL STOP FOR THE TGT 27000
Jmsquare Nifty: AGAIN BUY POSITIONAL BUY DEC GOLDM @26230 ANOTHER BUY 26000 STOP & TGT LATER HOLD TILL NEXT WEEK GOLDMINI ONLY
Last message received on 10/4/2011 at 10:17 PM
2011-10-03
Today Calls updated(Enjoy with profit) 03.10.2011
Jmsquare Nifty: NEW CHARTS UPLOADED Wht will happen Comex Gold & SILVER Coming Days? CHART UPDATED IN THIS BLOG U CHECK THE PERFORMANCE ALSO http://indian-stockmarket-updates.blogspot.com/ daily ADD me On JMSQUARENIFTY@yahoo.com Contact Me@9952833280
Jmsquare Nifty: LAST 3 DAYS COMEX SILVER TRADING IN TIGHT RANGE BETWEEN 29.5$ TO 31.5$ IF BREAKS 2$ MOVE WILL BE THERE CMP@30.25
Jmsquare Nifty: DELIVERY CALL BUY RCOM@73 STOP BELOW 67 IN CLOSING DAILY TGT 85
Jmsquare Nifty: LAST 3 DAYS COMEX GOLD TRADING IN TIGHT RANGE BETWEEN 1600$ TO 1640$ IF BREAKS 40$ MOVE WILL BE THERE CMP@1630
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN GOLDM DEC@26500 OTHERS HOLD THE TGT 26800 BUY CALL FROM 26330 ON FRIDAY
Jmsquare Nifty: AGAIN POSITIONAL BUY GOLDM DEC26425 STOP & TGT LATER
Jmsquare Nifty: POSITIONAL BUY SILVER MICRO@51500 STOP & TGT LATER
Jmsquare Nifty: POSITIONAL CALL BUY ZINCM@91 STOP & TGT LATER ZINCMINI ONLY
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT@26530 BUY FROM 26425 OTHERS HOLD THE TGT 26800
Jmsquare Nifty: ENJOY WITH GOLDM DEC MADE AHIGH@26724 BUY FROM 26325 FRIDAY & TODAY 26425 300 TO 400RS PROFIT
Jmsquare Nifty: POSITIONAL TRADERS CLEAR 80%@26675 & HOLD 20% POSITIONS WITH TRAIL STOP @26525 FOR THE TGT 27200 BUY FROM 27000 & 27300 LAST WEEK & TODAY 27425
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN ZINCM@92 BUY FROM 91 OTHERS HOLD THE TGT 95
Jmsquare Nifty: COMEX GOLD MADE AHIGH@1662 MY ALERT @ LAST 3 DAYS COMEX GOLD TRADING IN TIGHT RANGE BETWEEN 1600$ TO 1640$ IF BREAKS 40$ MOVE
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN SILVER MICRO @52500 OTHERS HOLD THET TGT 54000 BUY FROM 51500
Jmsquare Nifty: BUY ALUMINI@106.1 STOP @105 TGT 109
Jmsquare Nifty: COMEX GOLD UPDATE HAD INTRADAY RESIS @1665$ INTRA SUPPORT @1655$ IF BREAKS ANY LEVEL 15$ MOVE WILL BE THERE CMP1660$
Jmsquare Nifty: MCX GOLDM DEC HAD INTRADAY STRONG RESIS@26820 &STRONG SUPPORT@26650 IF BREAKS ANY LEVEL 200RS MOVE WILL BE THERE
Jmsquare Nifty: COMEX SILVER MADE AHIGH@31.50 CMP 30.80 I ALERT U LAST 3 DAYS COMEX SILVER TRADING IN TIGHT RANGE BETWEEN 29.5$ TO 31.5$ IF BREAKS 2$
Jmsquare Nifty: INTRADAY BUY SILVERMICRO@52250 STOP BELOW 51500 TGT 53500
Jmsquare Nifty: BUY COMEX GOLD @1652 STOP BELOW 1638 TGT 1675
Jmsquare Nifty: INTRADAY CALL BUY GOLDM DEC@26700 STOP BELOW 26600 TGT 26850
Jmsquare Nifty: LOW RISK TRADERS THOSE WHO R BOUGHT ALUMINI @106 EXIT @105.8 OTHERS HOLD WITH STOP
Jmsquare Nifty: STOP HITTED GOLDM & SILVERMIC
Jmsquare Nifty: POSITIONAL BUY DEC GOLDM@26625 STOP 7 TGT LATER
Jmsquare Nifty: POSITIONAL BUY SILVERMIC@51700 STOP 7 TGT LATER
Jmsquare Nifty: THOSE WHO R HOLDING ALUMINI FROM 106 CAN BOOK PROFIT NOW @108.25
Jmsquare Nifty: INTRADAY PLAYERS CAN BOO PROFIT ZINCM@94.20 POSITIONAL TGT @97 POSITIONAL CALL BUY ZINCM@91 STOP & TGT LATER ZINCMINI ONLY
Last message received on 10/3/2011 at 9:07 PM
THOSE WHO R BOUGHT @26625 INTRADAY TRADERS CAN BOOK PROFIT@26750 OTHERS HOLD THE TGT 26850 & 27200
Jmsquare Nifty: AGAIN POSITIONAL BUY GOLDM@26700 STOP & TGT LATER
Jmsquare Nifty: AGAIN POSITIONAL BUY DEC GOLDM@26700 STOP & TGT LATER
Last message received on 10/3/2011 at 10:10 PM
THOSE WHO R BOUGHT GOLDM DEC@26700 INTRADAY PLAYERS CAN BOOK PROFIT@26800 POSITIONAL TRADERS CAN HOLD THET TGT 27200
Jmsquare Nifty: THOSE WHO R BOUGHT SILVERMIC@51700 INTRADAY PLAYERS CAN BOOK PROFIT@52300 POSITIONAL HOLDERS HOLD WITH STOP@53500
Jmsquare Nifty: COMEX GOLD DAILY WILL CLOSE ABOVE 1565$ THEN ONLY TGT 1720$ OTHERWISE AGAIN RANGE BOUND GOING ON 1640$ TO 1665$
Jmsquare Nifty: COMEX GOLD DAILY WILL CLOSE ABOVE 1665$ THEN ONLY TGT 1720$ OTHERWISE AGAIN RANGE BOUND GOING ON 1640$ TO 1665$
Jmsquare Nifty: COMEX SILVER DAILY WILL CLOSE ABOVE 31.5$ THEN ONLY TGT 34$ OTHERWISE AGAIN RANGE BOUND GOING ON 29.5$ TO 31.5$ CMP 30.9
Last message received on 10/3/2011 at 11:03 PM
Jmsquare Nifty: LAST 3 DAYS COMEX SILVER TRADING IN TIGHT RANGE BETWEEN 29.5$ TO 31.5$ IF BREAKS 2$ MOVE WILL BE THERE CMP@30.25
Jmsquare Nifty: DELIVERY CALL BUY RCOM@73 STOP BELOW 67 IN CLOSING DAILY TGT 85
Jmsquare Nifty: LAST 3 DAYS COMEX GOLD TRADING IN TIGHT RANGE BETWEEN 1600$ TO 1640$ IF BREAKS 40$ MOVE WILL BE THERE CMP@1630
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN GOLDM DEC@26500 OTHERS HOLD THE TGT 26800 BUY CALL FROM 26330 ON FRIDAY
Jmsquare Nifty: AGAIN POSITIONAL BUY GOLDM DEC26425 STOP & TGT LATER
Jmsquare Nifty: POSITIONAL BUY SILVER MICRO@51500 STOP & TGT LATER
Jmsquare Nifty: POSITIONAL CALL BUY ZINCM@91 STOP & TGT LATER ZINCMINI ONLY
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT@26530 BUY FROM 26425 OTHERS HOLD THE TGT 26800
Jmsquare Nifty: ENJOY WITH GOLDM DEC MADE AHIGH@26724 BUY FROM 26325 FRIDAY & TODAY 26425 300 TO 400RS PROFIT
Jmsquare Nifty: POSITIONAL TRADERS CLEAR 80%@26675 & HOLD 20% POSITIONS WITH TRAIL STOP @26525 FOR THE TGT 27200 BUY FROM 27000 & 27300 LAST WEEK & TODAY 27425
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN ZINCM@92 BUY FROM 91 OTHERS HOLD THE TGT 95
Jmsquare Nifty: COMEX GOLD MADE AHIGH@1662 MY ALERT @ LAST 3 DAYS COMEX GOLD TRADING IN TIGHT RANGE BETWEEN 1600$ TO 1640$ IF BREAKS 40$ MOVE
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT IN SILVER MICRO @52500 OTHERS HOLD THET TGT 54000 BUY FROM 51500
Jmsquare Nifty: BUY ALUMINI@106.1 STOP @105 TGT 109
Jmsquare Nifty: COMEX GOLD UPDATE HAD INTRADAY RESIS @1665$ INTRA SUPPORT @1655$ IF BREAKS ANY LEVEL 15$ MOVE WILL BE THERE CMP1660$
Jmsquare Nifty: MCX GOLDM DEC HAD INTRADAY STRONG RESIS@26820 &STRONG SUPPORT@26650 IF BREAKS ANY LEVEL 200RS MOVE WILL BE THERE
Jmsquare Nifty: COMEX SILVER MADE AHIGH@31.50 CMP 30.80 I ALERT U LAST 3 DAYS COMEX SILVER TRADING IN TIGHT RANGE BETWEEN 29.5$ TO 31.5$ IF BREAKS 2$
Jmsquare Nifty: INTRADAY BUY SILVERMICRO@52250 STOP BELOW 51500 TGT 53500
Jmsquare Nifty: BUY COMEX GOLD @1652 STOP BELOW 1638 TGT 1675
Jmsquare Nifty: INTRADAY CALL BUY GOLDM DEC@26700 STOP BELOW 26600 TGT 26850
Jmsquare Nifty: LOW RISK TRADERS THOSE WHO R BOUGHT ALUMINI @106 EXIT @105.8 OTHERS HOLD WITH STOP
Jmsquare Nifty: STOP HITTED GOLDM & SILVERMIC
Jmsquare Nifty: POSITIONAL BUY DEC GOLDM@26625 STOP 7 TGT LATER
Jmsquare Nifty: POSITIONAL BUY SILVERMIC@51700 STOP 7 TGT LATER
Jmsquare Nifty: THOSE WHO R HOLDING ALUMINI FROM 106 CAN BOOK PROFIT NOW @108.25
Jmsquare Nifty: INTRADAY PLAYERS CAN BOO PROFIT ZINCM@94.20 POSITIONAL TGT @97 POSITIONAL CALL BUY ZINCM@91 STOP & TGT LATER ZINCMINI ONLY
Last message received on 10/3/2011 at 9:07 PM
THOSE WHO R BOUGHT @26625 INTRADAY TRADERS CAN BOOK PROFIT@26750 OTHERS HOLD THE TGT 26850 & 27200
Jmsquare Nifty: AGAIN POSITIONAL BUY GOLDM@26700 STOP & TGT LATER
Jmsquare Nifty: AGAIN POSITIONAL BUY DEC GOLDM@26700 STOP & TGT LATER
Last message received on 10/3/2011 at 10:10 PM
THOSE WHO R BOUGHT GOLDM DEC@26700 INTRADAY PLAYERS CAN BOOK PROFIT@26800 POSITIONAL TRADERS CAN HOLD THET TGT 27200
Jmsquare Nifty: THOSE WHO R BOUGHT SILVERMIC@51700 INTRADAY PLAYERS CAN BOOK PROFIT@52300 POSITIONAL HOLDERS HOLD WITH STOP@53500
Jmsquare Nifty: COMEX GOLD DAILY WILL CLOSE ABOVE 1565$ THEN ONLY TGT 1720$ OTHERWISE AGAIN RANGE BOUND GOING ON 1640$ TO 1665$
Jmsquare Nifty: COMEX GOLD DAILY WILL CLOSE ABOVE 1665$ THEN ONLY TGT 1720$ OTHERWISE AGAIN RANGE BOUND GOING ON 1640$ TO 1665$
Jmsquare Nifty: COMEX SILVER DAILY WILL CLOSE ABOVE 31.5$ THEN ONLY TGT 34$ OTHERWISE AGAIN RANGE BOUND GOING ON 29.5$ TO 31.5$ CMP 30.9
Last message received on 10/3/2011 at 11:03 PM
2011-10-02
Wht will happen COMEX SILVER Coming Days?
Here's the economic calendar for the week. All times are EDT:Monday
Monthly auto sales
10:00 a.m. ISM manufacturing (September)
10:00 a.m. Construction spending (August)
Tuesday
10:00 a.m. Factory orders
Wednesday
08:15 a.m. ADP employment (September)
10:00 a.m. ISM nonmanufacturing (September)
Thursday
Monthly chain-store sales
08:30 a.m. Weekly jobless claims
Friday
08:30 a.m. Employment report (September)
10:00 a.m. Wholesale trade (August)
03:00 p.m. Consumer credit (August)
2011-10-01
Wht will happen Comex Gold Coming Days?
GOLD WEEKLY CHARTWill Central Banks Continue To Increase Their Gold Holdings?
Central banks continued to add to their gold reserves in August with three countries adding a total of 643,000 troy ounces to their reserves.
According to the Wall Street Journal, the largest central bank purchaser of gold during August was Thailand which purchased 300,000 troy ounces, bringing their total gold holdings to 4.4 million ounces. The Bolivian central bank purchased 225,000 ounces increasing their total reserves to 1.36 million ounces and the central bank of Russia purchased 118,000 ounces which increased total reserves to 27.2 million troy ounces.
After selling gold reserves for many years, central banks began purchasing gold around 2000. Over the past several years central banks have sharply accelerated their purchases of gold to diversify away from the U.S. dollar which is no longer considered to be a safe asset. China and Russia, large buyers of gold, have been particularly critical of U.S. monetary and fiscal policies and are actively seeking to reduce their reserve holdings of U.S. dollars.
Will central banks continue adding to their gold reserves? For some insight on this matter, consider the following facts.
In August Russian Prime Minister Putin said that the United States is "not living within its means, shifting the weight of responsibility on other countries and in a way acting as a parasite." Putin also said that a new reserve currency is necessary to protect against a "systemic malfunction" of the U.S. Putin has reason to worry since Russia has almost half of its reserves in U.S. dollars. In 1998 Russia had gold reserves of 14.7 million ounces compared to 27.2 million ounces after its latest purchases. Despite the fact that the Russian central bank has the eight largest official gold holdings in the world, gold amounts to only 8.2% of total reserves.
China, which holds $1.2 trillion of U.S. treasury debt, has the most to lose from the continuous debasement of the U.S. dollar and has become harshly critical of U.S. economic policies. After the U.S. debt downgrade in August, China said that America must "cure its addiction to debts" and "live within its means." China is actively seeking to diversify its reserves and reduce its holdings of U.S. dollars. The latest reports show total Chinese gold reserves at 1,054 tonnes compared to 395 tonnes in 1988. Gold holdings amount to only 1.6% of total Chinese reserves. China's 33.9 million ounces of gold is currently valued at only $54.2 billion. By comparison, the gold holdings of the SPDR Gold Shares ETF (GLD) total 39.9 million ounces valued at $65.6 billion. Expect China to add dramatically to its gold reserves in the future.
Gold purchases by central banks during 2011 are forecast to be 336 metric tonnes, approximately 13% of total yearly gold mine production. Central banks during the second quarter of 2011 purchased four times the amount of gold purchased during the comparable quarter of 2010. Given the fragile state of the world fiat money system, it is likely that central bank gold purchases could expand dramatically going forward.
Only 7 countries or institutions currently hold more than 1,000 tonnes of gold - the United States, Germany, the IMF, Italy, France, China and Switzerland.
Total official world gold holdings by central banks and the IMF currently total 30,707 tonnes, valued at approximately$1.6 trillion which, coincidentally, is the size of this year's budget deficit for the United States. Total gold holdings of the world's central banks amount to only a fraction of the value of paper currencies that have been exponentially created.
All of the gold mined throughout history totals only 178,000 tonnes or about 6 billion ounces valued at $9.6 trillion. Central bank holdings amount to only 17% of the total gold supply available.
Despite increasing gold prices, gold mine production has been stagnant. Most of the easy to mine, high grade ore deposits have already been exploited. New total yearly gold production adds only 1% per year to the existing supply of gold. Increasing demand and limited supply result in higher prices.
Only 34 central banks currently hold over 100 tonnes of gold and only 12 central banks or institutions hold more than 500 tonnes of gold.
Ironically, the United States, the most indebted nation in world history has decreased its gold reserves. In 1962, the United States owned 14,269 tonnes of gold or almost 39% of all gold held by central banks. By 1972, the United States held only 8,584 metric tonnes of gold. Currently, U.S. gold reserves allegedly total 8,134 tonnes but the amount remains in question since the government will not allow an independent audit of the actual amount held.
Considering the relatively small amount of gold held by central banks and the exponential increase in the creation of paper money, gold demand by central banks should increase dramatically in the future. COURTESY: http://goldandsilverblog.com
According to the Wall Street Journal, the largest central bank purchaser of gold during August was Thailand which purchased 300,000 troy ounces, bringing their total gold holdings to 4.4 million ounces. The Bolivian central bank purchased 225,000 ounces increasing their total reserves to 1.36 million ounces and the central bank of Russia purchased 118,000 ounces which increased total reserves to 27.2 million troy ounces.
After selling gold reserves for many years, central banks began purchasing gold around 2000. Over the past several years central banks have sharply accelerated their purchases of gold to diversify away from the U.S. dollar which is no longer considered to be a safe asset. China and Russia, large buyers of gold, have been particularly critical of U.S. monetary and fiscal policies and are actively seeking to reduce their reserve holdings of U.S. dollars.
Will central banks continue adding to their gold reserves? For some insight on this matter, consider the following facts.
In August Russian Prime Minister Putin said that the United States is "not living within its means, shifting the weight of responsibility on other countries and in a way acting as a parasite." Putin also said that a new reserve currency is necessary to protect against a "systemic malfunction" of the U.S. Putin has reason to worry since Russia has almost half of its reserves in U.S. dollars. In 1998 Russia had gold reserves of 14.7 million ounces compared to 27.2 million ounces after its latest purchases. Despite the fact that the Russian central bank has the eight largest official gold holdings in the world, gold amounts to only 8.2% of total reserves.
China, which holds $1.2 trillion of U.S. treasury debt, has the most to lose from the continuous debasement of the U.S. dollar and has become harshly critical of U.S. economic policies. After the U.S. debt downgrade in August, China said that America must "cure its addiction to debts" and "live within its means." China is actively seeking to diversify its reserves and reduce its holdings of U.S. dollars. The latest reports show total Chinese gold reserves at 1,054 tonnes compared to 395 tonnes in 1988. Gold holdings amount to only 1.6% of total Chinese reserves. China's 33.9 million ounces of gold is currently valued at only $54.2 billion. By comparison, the gold holdings of the SPDR Gold Shares ETF (GLD) total 39.9 million ounces valued at $65.6 billion. Expect China to add dramatically to its gold reserves in the future.
Gold purchases by central banks during 2011 are forecast to be 336 metric tonnes, approximately 13% of total yearly gold mine production. Central banks during the second quarter of 2011 purchased four times the amount of gold purchased during the comparable quarter of 2010. Given the fragile state of the world fiat money system, it is likely that central bank gold purchases could expand dramatically going forward.
Only 7 countries or institutions currently hold more than 1,000 tonnes of gold - the United States, Germany, the IMF, Italy, France, China and Switzerland.
Total official world gold holdings by central banks and the IMF currently total 30,707 tonnes, valued at approximately$1.6 trillion which, coincidentally, is the size of this year's budget deficit for the United States. Total gold holdings of the world's central banks amount to only a fraction of the value of paper currencies that have been exponentially created.
All of the gold mined throughout history totals only 178,000 tonnes or about 6 billion ounces valued at $9.6 trillion. Central bank holdings amount to only 17% of the total gold supply available.
Despite increasing gold prices, gold mine production has been stagnant. Most of the easy to mine, high grade ore deposits have already been exploited. New total yearly gold production adds only 1% per year to the existing supply of gold. Increasing demand and limited supply result in higher prices.
Only 34 central banks currently hold over 100 tonnes of gold and only 12 central banks or institutions hold more than 500 tonnes of gold.
Ironically, the United States, the most indebted nation in world history has decreased its gold reserves. In 1962, the United States owned 14,269 tonnes of gold or almost 39% of all gold held by central banks. By 1972, the United States held only 8,584 metric tonnes of gold. Currently, U.S. gold reserves allegedly total 8,134 tonnes but the amount remains in question since the government will not allow an independent audit of the actual amount held.
Considering the relatively small amount of gold held by central banks and the exponential increase in the creation of paper money, gold demand by central banks should increase dramatically in the future. COURTESY: http://goldandsilverblog.com
WHT I TOLD IT HAPPENED NOW
LAST WEEK GOLD DAILY CHART UPDATED2011-09-30
Today Calls updated(Enjoy with profit) 30.09.2011
Jmsquare Nifty: comex gold gain 1 percent on Friday after German approval of a stronger bailout fund to counter the euro zone debt crisis.cmp 1625 low1605 high 1640
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM DEC YESTERDAY @26030 BOOK PROFIT NOW@26150
Jmsquare Nifty: POSITIONAL AGAIN BUY SILVERMICRO@52000 STOP 7 TGT LATER
Jmsquare Nifty: DONT EXCEPT THE SAME PRICE WHT I AM GIVING ANY CALL BECOZ VOLATILE +- 100 RS (SILVERMICRO)WILL BE THERE BASED ON U WILL TRADE
Jmsquare Nifty: BUY GOLDM DEC @26140 STOP & TGT LATER
Jmsquare Nifty: BUY NIFTY@4980 STOP BELOW 4950 TGT 5080
Jmsquare Nifty: BUY ZINCM@94.8 STOP BELOW 93.5 TGT 97
Jmsquare Nifty: LOW RISK RADERS CAN BOOK PROFIT IN ZINCM@95.9 BUY CALL FROM 94.8 OTHERS HOLD THE TGT
Jmsquare Nifty: DELIVERY CALL BUY PATEL ENG@96.75 STOP BELOW 93 TGT 110
Jmsquare Nifty: TGT ACHIEVED IN ZINCM MADE A HIGH@97 BUY ZINCM@94.8 STOP BELOW 93.5 TGT 97 ENJYY
Jmsquare Nifty: THOSE WHO R BOUGHT ALUMINI @108.6 YESTERDAY LOW RISK TRADERS CAN BOOK PROFIT @109.6 OTHERS HOLD THE TGT
Jmsquare Nifty: THOSE WHO R BOUGHT SILVERMICRO@51150YESTERDAY LOW RISK TRADERS CAN BOOK PROFIT @52350 OTHERS HOLD THE TGT 54000
Jmsquare Nifty: COMEX GOLD ALERT LAST 5HRS TRADING IN TIGHT RANGE BETWEEN 1615$ TO 1630$ IF BREAKS ANY LEVEL 15$ MOVE WILL BE THERE
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT GOLDM DEC@26240 BUY FROM 26140 OTHERS HOLD WITH STOP 26100 TGT 26500
Jmsquare Nifty: MCX GOLDM DEC ALERT HAD STRONG SUPPORT@26100 STRONG REISIS@26275 IF BREAKS ANY LEVELS 200RS MOVE WILL BE THERE
Jmsquare Nifty: INTRADAY HIGH RISK TRADERS BUY GOLDM NOV @25925 STOP BELOW @25825 TGT 26200 GOLD M ONLY
Jmsquare Nifty: AGAIN BUY ZINCM@94 STOP BELOW 93 TGT 96
Jmsquare Nifty: INTRADAY PLAYERS BUY SILVERMIC@51200 STOP BELOW 50700 TGT 53000
Jmsquare Nifty: HIGH RISK TRADERS BUY MCX COPPER@352 STOP BELOW@350 TGT 359 STRICT STOP LOSS
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM NOV@25925 CHANGE U R STOP @25950 FOR SAFER SIDE HOLD U R TGT
Jmsquare Nifty: THOSE WHO R BOUGHT COPPER 352 FINA L STOP @347.5
Jmsquare Nifty: THOSE WHO R HOLDING NOV GOLDM EXIT NOW @26050
Jmsquare Nifty: AGAIN BUY ZINCM@95.75 STOP BELOW 92 TGT 95 ZINC MMINI ONY
Jmsquare Nifty: AGAIN BUY ZINCM@95.75 STOP BELOW 92 TGT 95 ZINC MMINI ONY
Jmsquare Nifty: AGAIN BUY ZINCM@92.75 STOP BELOW 92 TGT 95 ZINC MMINI ONY
Jmsquare Nifty: POSITIONAL TRADERS BUY GOLDM DEC@26170 STOP & TGT LATER
Jmsquare Nifty: COMEX GOLD HAD STRONG RESIS@1625 NOW IF BREAK TGT 1650 OTHERWISE RANGE BOND 1605 TO 1625
Jmsquare Nifty: COMEX GOLD HAD STRONG RESIS@1625 NOW IF BREAK TGT 1650 OTHERWISE RANGE BOND 1605 TO 1625 CMP 1623
Jmsquare Nifty: INTRADAY PLAYERS BOOK PROFIT IN GOLDM DEC @26300 BUY CALL FROM 26170 OTHERS HOLD THE TGT 26500
Last message received on 9/30 at 10:04 PM
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM DEC YESTERDAY @26030 BOOK PROFIT NOW@26150
Jmsquare Nifty: POSITIONAL AGAIN BUY SILVERMICRO@52000 STOP 7 TGT LATER
Jmsquare Nifty: DONT EXCEPT THE SAME PRICE WHT I AM GIVING ANY CALL BECOZ VOLATILE +- 100 RS (SILVERMICRO)WILL BE THERE BASED ON U WILL TRADE
Jmsquare Nifty: BUY GOLDM DEC @26140 STOP & TGT LATER
Jmsquare Nifty: BUY NIFTY@4980 STOP BELOW 4950 TGT 5080
Jmsquare Nifty: BUY ZINCM@94.8 STOP BELOW 93.5 TGT 97
Jmsquare Nifty: LOW RISK RADERS CAN BOOK PROFIT IN ZINCM@95.9 BUY CALL FROM 94.8 OTHERS HOLD THE TGT
Jmsquare Nifty: DELIVERY CALL BUY PATEL ENG@96.75 STOP BELOW 93 TGT 110
Jmsquare Nifty: TGT ACHIEVED IN ZINCM MADE A HIGH@97 BUY ZINCM@94.8 STOP BELOW 93.5 TGT 97 ENJYY
Jmsquare Nifty: THOSE WHO R BOUGHT ALUMINI @108.6 YESTERDAY LOW RISK TRADERS CAN BOOK PROFIT @109.6 OTHERS HOLD THE TGT
Jmsquare Nifty: THOSE WHO R BOUGHT SILVERMICRO@51150YESTERDAY LOW RISK TRADERS CAN BOOK PROFIT @52350 OTHERS HOLD THE TGT 54000
Jmsquare Nifty: COMEX GOLD ALERT LAST 5HRS TRADING IN TIGHT RANGE BETWEEN 1615$ TO 1630$ IF BREAKS ANY LEVEL 15$ MOVE WILL BE THERE
Jmsquare Nifty: LOW RISK TRADERS CAN BOOK PROFIT GOLDM DEC@26240 BUY FROM 26140 OTHERS HOLD WITH STOP 26100 TGT 26500
Jmsquare Nifty: MCX GOLDM DEC ALERT HAD STRONG SUPPORT@26100 STRONG REISIS@26275 IF BREAKS ANY LEVELS 200RS MOVE WILL BE THERE
Jmsquare Nifty: INTRADAY HIGH RISK TRADERS BUY GOLDM NOV @25925 STOP BELOW @25825 TGT 26200 GOLD M ONLY
Jmsquare Nifty: AGAIN BUY ZINCM@94 STOP BELOW 93 TGT 96
Jmsquare Nifty: INTRADAY PLAYERS BUY SILVERMIC@51200 STOP BELOW 50700 TGT 53000
Jmsquare Nifty: HIGH RISK TRADERS BUY MCX COPPER@352 STOP BELOW@350 TGT 359 STRICT STOP LOSS
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM NOV@25925 CHANGE U R STOP @25950 FOR SAFER SIDE HOLD U R TGT
Jmsquare Nifty: THOSE WHO R BOUGHT COPPER 352 FINA L STOP @347.5
Jmsquare Nifty: THOSE WHO R HOLDING NOV GOLDM EXIT NOW @26050
Jmsquare Nifty: AGAIN BUY ZINCM@95.75 STOP BELOW 92 TGT 95 ZINC MMINI ONY
Jmsquare Nifty: AGAIN BUY ZINCM@95.75 STOP BELOW 92 TGT 95 ZINC MMINI ONY
Jmsquare Nifty: AGAIN BUY ZINCM@92.75 STOP BELOW 92 TGT 95 ZINC MMINI ONY
Jmsquare Nifty: POSITIONAL TRADERS BUY GOLDM DEC@26170 STOP & TGT LATER
Jmsquare Nifty: COMEX GOLD HAD STRONG RESIS@1625 NOW IF BREAK TGT 1650 OTHERWISE RANGE BOND 1605 TO 1625
Jmsquare Nifty: COMEX GOLD HAD STRONG RESIS@1625 NOW IF BREAK TGT 1650 OTHERWISE RANGE BOND 1605 TO 1625 CMP 1623
Jmsquare Nifty: INTRADAY PLAYERS BOOK PROFIT IN GOLDM DEC @26300 BUY CALL FROM 26170 OTHERS HOLD THE TGT 26500
Last message received on 9/30 at 10:04 PM
2011-09-29
Today Calls updated(Enjoy with profit) 29.09.2011
Jmsquare Nifty: POSITIONAL TRADERS ADD BUY GOLDM DEC@25975 STOP & TGT LATER
Jmsquare Nifty: POSTIONAL TRADERS BUY SILVERMIC AGAIN @51150 STOP & TGT LATER
Jmsquare Nifty: NIFTY INTRADAY ALERT STRONG FEVICOL SUPPORT@4904 STRONG RESIS@4952 IF ANY LEVEL 50 TO 75 POINTS MOVE
Jmsquare Nifty: SILVE MIC MCX ALERT: STRONG SUPPORT @60600 STRONG REISI@51900 IF BREAKS ANY LEVEL 2000RS MOVE WILL BE THERE BASED ON INTRADAY PLAYERS TRADE
Jmsquare Nifty: SILVE MIC MCX ALERT: STRONG SUPPORT @50600 STRONG REISI@51900 IF BREAKS ANY LEVEL 2000RS MOVE WILL BE THERE BASED ON INTRADAY PLAYERS TRADE
Jmsquare Nifty: BUY ALUMINI@106.75 STOP BELOW105.5 TGT 109
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM@26975 BOOK PROFIT NOW @26150 OTHERS POSITIONS HOLD
Jmsquare Nifty: NIFTY MADE AHIGH 5025 I ALERT NIFTY INTRADAY ALERT STRONG FEVICOL SUPPORT@4904 STRONG RESIS@4952 IF ANY LEVEL 50 TO 75 POINTS MOVE
Jmsquare Nifty: LOW RISKTRADERS CAN BOOK PROFIT IN ALUMINI@108 BUY FROM 106.75 OTHERS HOLD THE TGT
Jmsquare Nifty: COMEX GOLD TRADING IN TIGHT RANGE 1610$ TO 1635$ IF ANY LEVEL 25$ MOVE WILL BE THERE CMP@1618
Jmsquare Nifty: POSITIONAL CALL IN DEC GOLDM AGAIN BUY @25910 STOP & TGT LATER
Jmsquare Nifty: POSITIONAL TRADERS AGAIN BUY GOLDM DEC@25960 STOP & TGT LATER
Jmsquare Nifty: IGNORE POSITIONAL CALL IN DEC GOLDM AGAIN BUY @25960 STOP & TGT LATER
Jmsquare Nifty: DONT EXCEPT THE SAME PRICE WHT I AM GIVING ANY CALL BECOZ VOLATILE +- 20 RS WILL BE THERE BASED ON U WILL TRADE
Jmsquare Nifty: BUY ALUMINI@108.6 STOP BELOW@107.1 TGT 111
Jmsquare Nifty: BUY ALUMINI@108.6 STOP BELOW@107.1 TGT 111 OCT MONTH
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM DEC@25910 INTRADAY PLAYERS BOOK PROFIT@26170 POSITIONAL HOLDERS HOLD WITH STOP 226050
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM DEC@25910 INTRADAY PLAYERS BOOK PROFIT@26170 POSITIONAL HOLDERS HOLD WITH STOP 226050
Jmsquare Nifty: COMEX GOLD STRONG REISI @1635$ IF BREAKS ONLY TGT 1675 OTHERWISE AGAIN RANGE BOUND GOING ON 1605 TO 1635$
Jmsquare Nifty: POSITIONAL CALL BUY GOLDM@26030 STOP 7 TAGT LATER
Jmsquare Nifty: POSITIONAL CALL BUY DECGOLDM@26030 STOP 7 TAGT LATER
Jmsquare Nifty: You are not allowed to send Group SMS between 9PM to 9AM SORRY FOR NOT SENDING SMS
Jmsquare Nifty: 9PM TO 9AM I AM NOT ALLOWING SEND SMS
Last message received on 9/29 at 9:03 PM
Jmsquare Nifty: POSTIONAL TRADERS BUY SILVERMIC AGAIN @51150 STOP & TGT LATER
Jmsquare Nifty: NIFTY INTRADAY ALERT STRONG FEVICOL SUPPORT@4904 STRONG RESIS@4952 IF ANY LEVEL 50 TO 75 POINTS MOVE
Jmsquare Nifty: SILVE MIC MCX ALERT: STRONG SUPPORT @60600 STRONG REISI@51900 IF BREAKS ANY LEVEL 2000RS MOVE WILL BE THERE BASED ON INTRADAY PLAYERS TRADE
Jmsquare Nifty: SILVE MIC MCX ALERT: STRONG SUPPORT @50600 STRONG REISI@51900 IF BREAKS ANY LEVEL 2000RS MOVE WILL BE THERE BASED ON INTRADAY PLAYERS TRADE
Jmsquare Nifty: BUY ALUMINI@106.75 STOP BELOW105.5 TGT 109
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM@26975 BOOK PROFIT NOW @26150 OTHERS POSITIONS HOLD
Jmsquare Nifty: NIFTY MADE AHIGH 5025 I ALERT NIFTY INTRADAY ALERT STRONG FEVICOL SUPPORT@4904 STRONG RESIS@4952 IF ANY LEVEL 50 TO 75 POINTS MOVE
Jmsquare Nifty: LOW RISKTRADERS CAN BOOK PROFIT IN ALUMINI@108 BUY FROM 106.75 OTHERS HOLD THE TGT
Jmsquare Nifty: COMEX GOLD TRADING IN TIGHT RANGE 1610$ TO 1635$ IF ANY LEVEL 25$ MOVE WILL BE THERE CMP@1618
Jmsquare Nifty: POSITIONAL CALL IN DEC GOLDM AGAIN BUY @25910 STOP & TGT LATER
Jmsquare Nifty: POSITIONAL TRADERS AGAIN BUY GOLDM DEC@25960 STOP & TGT LATER
Jmsquare Nifty: IGNORE POSITIONAL CALL IN DEC GOLDM AGAIN BUY @25960 STOP & TGT LATER
Jmsquare Nifty: DONT EXCEPT THE SAME PRICE WHT I AM GIVING ANY CALL BECOZ VOLATILE +- 20 RS WILL BE THERE BASED ON U WILL TRADE
Jmsquare Nifty: BUY ALUMINI@108.6 STOP BELOW@107.1 TGT 111
Jmsquare Nifty: BUY ALUMINI@108.6 STOP BELOW@107.1 TGT 111 OCT MONTH
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM DEC@25910 INTRADAY PLAYERS BOOK PROFIT@26170 POSITIONAL HOLDERS HOLD WITH STOP 226050
Jmsquare Nifty: THOSE WHO R BOUGHT GOLDM DEC@25910 INTRADAY PLAYERS BOOK PROFIT@26170 POSITIONAL HOLDERS HOLD WITH STOP 226050
Jmsquare Nifty: COMEX GOLD STRONG REISI @1635$ IF BREAKS ONLY TGT 1675 OTHERWISE AGAIN RANGE BOUND GOING ON 1605 TO 1635$
Jmsquare Nifty: POSITIONAL CALL BUY GOLDM@26030 STOP 7 TAGT LATER
Jmsquare Nifty: POSITIONAL CALL BUY DECGOLDM@26030 STOP 7 TAGT LATER
Jmsquare Nifty: You are not allowed to send Group SMS between 9PM to 9AM SORRY FOR NOT SENDING SMS
Jmsquare Nifty: 9PM TO 9AM I AM NOT ALLOWING SEND SMS
Last message received on 9/29 at 9:03 PM
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