Trading with PT style

[praveen taneja]

today silver is the best commodity to trade was watching equity mkt it was like dead mans couffin

 

[timepass]

Here's more on gold.. PT, seems like you slowed down on gold during Apr-Jun

India Q1 gold consumer demand slides 29 pct: WGC
ReutersReuters 1 hour 58 minutes ago

By Rujun Shen

SINGAPORE (Reuters) - China's gold demand hit a record high in the first quarter on investor worries over inflation and property market curbs, the World Gold Council said on Thursday, bucking a lower trend in global consumption driven by higher gold prices.

Global gold demand fell 5 percent on the year to 1,097.6 tonnes in the first three months of 2012, as jewellery and technology sectors bought less gold with average prices up 22 percent from a year earlier, but investment demand and central bank buying helped cushion the fall, the industry group said.

China remained the world's top gold consumer for the second quarter in a row, with its gold consumer demand up 10 percent to 255.2 tonnes, beating India's 207.6 tonnes, which was a 29 percent decline on the year.

"Further growth is expected (in China): investors remain wary of high inflation rates; and property market restrictions continue to drive demand for gold among investors seeking access to real assets," said the WGC in its quarterly Gold Demand Trends report.

China's physical gold bars and coins demand rose 13 percent on the year to a quarterly record of 98.6 tonnes, while jewellery demand climbed 8 percent to 156.6 tonnes and accounted for 30 percent of the world's gold jewellery market, the WGC data showed.

The WGC said investment demand in China going forward will depend on price expectations, and the performance of other assets such as property and the domestic stock market, but inflation will continue to be a concern to investors.

The country's gold jewellery demand is likely to remain on a more moderate growth path as the market matures and economic growth cools, it said.

Spot gold averaged $1,690 an ounce in the first quarter, up from $1,387 a year earlier. Prices have declined to below $1,550 this week.

DISRUPTIVE QUARTER FOR INDIA GOLD MARKET

India's vast gold jewellery market suffered a 19 percent drop in demand in the first quarter of the year, and investment demand tumbled 46 percent, pressured by a weak and volatile rupee among other factors.

A three-week nation-wide strike among jewellers after the government announced plans to double import tax to 4 percent on bullion and double the duty on non-standard gold and gold jewellery to 10 percent hit retail demand.

"It is likely that this impact will reverse to some extent in the second quarter, as the supply chain readjusts following the three-week shutdown," said the WGC.

The group said the sharp drop in investment demand is partly indicative of considerable stock depletion by bullion dealers, given the uncertainty surrounding the potential impact from hikes in the import tax and excise duty.

The 10 percent excise duty on non-branded jewellery was later withdrawn by the government.

"Expectations are for Indian investment to recover during the current quarter as the market adjusts to the new legislation and tax structure, particularly if prices dip," said the WGC.

CENTRAL BANKS KEEP BUYING; INVESTMENT JUMPS

The official sector remained a net gold purchaser in the first quarter, although the volume at 80.8 tonnes showed a 41 percent decline from the first quarter of 2011 which witnessed an exceptional level of central bank buying, said the WGC.

Russia, Mexico, Kazakhstan, the Philippines, Belarus, Ukraine and Tajikstan all added to their official gold reserves in the quarter.

The WGC expected the trend of net central bank buying to continue this year as the main driving factors remain in place, as some countries seek to diversify their foreign reserves and others try to increase gold holdings to maintain the ratio of gold to their foreign reserves.

Global investment demand in gold grew 13 percent on year to 389.3 tonnes, as exchange-traded products recorded a 51.4-tonne inflow while demand in bars and coins recorded a 17-percent decrease from a year earlier.

http://finance.yahoo.com/news/india-q1-gold-consumer-demand-051133765.html

 

[praveen taneja]

Here's more on gold.. PT, seems like you slowed down on gold during Apr-Jun

:rofl::rofl::rofl::rofl:

when you were posting this I was reading this

Fear Could Spur Flight Out Of Treasuries, Into Gold And Silver

Article Around the year 1650 A.D. the word highwaymen entered our language. It referred to robbery committed on a public road against travelers. Now we use the phrase highway robbery for which we pay the tolls to travel on modern day roads. The highwaymen alas are among us and we have elected them. At such times it would not take much more in the destruction of mining equities to make investors feel as if they have been seduced by sweet talk and abandoned to the wolves of Wall Street by latter day highwaymen.
Simply put it has been one in which the elites have shrugged their collective soldiers, leaving the rest of us bewitched, bothered and bewildered. There are no safe havens unless one reaches for the carrot dangled on a stick in the form of treasuries (TLT) and dollar bills (UUP).

It is as if investors who have played the game fairly are uneasily realizing they have been dealt a series of sucker blows from the elites who in essence have fixed the game. Investors believe that Treasuries and cash will protect their capital. This may be a conclusion founded on quicksand.

 

[timepass]

Fear Could Spur Flight Out Of Treasuries, Into Gold And Silver

The heading is ok, lekin baki ka article bouncer gaya

The Greeks, it seems, are taking their money out of the banks, having withdrawn more than 700 million Euros !!! Seems that they are more interested in cash than in other forms of liquidity. There was sort of a run on the Greek banks.

 

[praveen taneja]

The heading is ok, lekin baki ka article bouncer gaya

The Greeks, it seems, are taking their money out of the banks, having withdrawn more than 700 million Euros !!! Seems that they are more interested in cash than in other forms of liquidity. There was sort of a run on the Greek banks.

Do you think they would hold $ in hand which is ready to go down to hell?????????

Or create there own currency other then Euro soon??

no they would pump and make commodities to top and book there so insolvency and country both saved

 

[Sultaan]

Gold is highly oversold due for a substantial bounce... Similar to our nifty...:thumb:

howssszat ! :thumb:

 

[praveen taneja]

howssszat ! :thumb:

Nifty Jumping down:rofl::rofl::rofl:

howssszat!!!!!!!!!!!!!!!!!!!!!!!!:rofl::rofl:

Gold is still not out of woods and booked all long in gold and silver today waiting for a dip or a close above 1580:thumb:

 

[Sultaan]

Nifty Jumping down:rofl::rofl::rofl:

howssszat!!!!!!!!!!!!!!!!!!!!!!!!:rofl::rofl:

Gold is still not out of woods and booked all long in gold and silver today waiting for a dip or a close above 1580:thumb:

Turn by turn hota hai sir, I expect gold to eventually pull back to main break down pt. 1620/30...

 

[praveen taneja]

16000 bhi gaya ab analyst kah rahe hain 14k support:rofl::rofl:

Nifty F&O Call: Buy with 2-3 day targets of 4850-4890 (spot level) and stop loss of 4777 (spot level), says Prabir Kumar Sarkar, technical analyst, on CNBC Awaaz.

Nifty F&O Call: Sell with 1-2 day targets of 4770-4750 (spot level) and stop loss of 4845 (spot level), says Nirav Vakharia of Globe Capital on CNBC Awaaz

Nifty F&O Call: Sell with 2-3 day targets of 4730-4705 (spot level) and stop loss of 4815 (spot level), says Manoj Sachdeva of Hem Securities on CNBC Awaaz

Nifty F&O Call: Sell with a 1-2 day target of 4740 (spot level) and stop loss of 4860 (spot level), says Hitesh Sheth of Prabhdas Lilladher on CNBC Awaaz.

Nifty F&O Call: Sell with a 4-5 day target of 4600 (spot level) and stop loss of 4871 (spot level), says Somil Mehta of Sharekhan on CNBC Awaaz.

:rofl::rofl::rofl: Main sochta tha akela main hi tukka trader hoon:lol:

 

[vssoma]

16000 bhi gaya ab analyst kah rahe hain 14k support:rofl::rofl:

Nifty F&O Call: Buy with 2-3 day targets of 4850-4890 (spot level) and stop loss of 4777 (spot level), says Prabir Kumar Sarkar, technical analyst, on CNBC Awaaz.

Nifty F&O Call: Sell with 1-2 day targets of 4770-4750 (spot level) and stop loss of 4845 (spot level), says Nirav Vakharia of Globe Capital on CNBC Awaaz

Nifty F&O Call: Sell with 2-3 day targets of 4730-4705 (spot level) and stop loss of 4815 (spot level), says Manoj Sachdeva of Hem Securities on CNBC Awaaz

Nifty F&O Call: Sell with a 1-2 day target of 4740 (spot level) and stop loss of 4860 (spot level), says Hitesh Sheth of Prabhdas Lilladher on CNBC Awaaz.

Nifty F&O Call: Sell with a 4-5 day target of 4600 (spot level) and stop loss of 4871 (spot level), says Somil Mehta of Sharekhan on CNBC Awaaz.

:rofl::rofl::rofl: Main sochta tha akela main hi tukka trader hoon:lol:

14K ke baare mein bol nahi sakte hain....but 18-20K quite possible lag raha hain bahi...what do your TA says...