MCX GOLD GURU

An Update :Silver and Gold !

05 November 2010

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From 15th Sept ’10 ,I was Bullish in this Metal.

Forecasted it will zoom to kiss $1748

Just see ,Yesterday made high of $ 1788 in cash segment and closed at 1780 level.

(From 1586 to 1788 in less then 2 months )

101%……….Still Looking Hot only and will zoom to kiss $ 1900-1996 level very soon.

-As expected Fire work started in this Metal too-

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Just 3 days back only ,I had written to Buy Palladium and already caught fire.

(Yesterday made high of $685 )

Yes ,I written many times…..I love SUGAR-SILVER very much !!

(Not seen anybody forecasted or written Bullish note about these two things )

On 1st November ,I had written about SILVER-COMEX

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My Short Term Targets were :37082-37518….Both achieved and Yesterday it blasted upto 38443 to close at 38192.

Many Traders are short and Many Traders are ready to commit Suicide too …Yes with out levels if u trade and if u are rigid….then nobody will save u !!

(Above 37663……………..My Target was of  38099-38244 )

-Yesterday made high of 38443-

Yesterday close Rs.38192.

Watch Triangle of Rs 2324

MCX Silver ….Heading towards …..39922-40000

(Now ,Above 37500,No worry @ all )

Short Term Traders ,just watch :38244 level.

Crossover and close above this level will take to 38680–38825 level in hrs only.

GOLD COMEX :$ 1383

Triangle Breakout at $1265 indicated price level of $ 1448

Rising WEDGE will take to $ 1470+ level maximum

Short Term Traders……………..Just watch :

Above $1392 ,will zoom to kiss $1406-1410.

Last close Rs.19878

Short Term Traders ,Just watch :19884.

Above this level…..will zoooooooom to kiss 20028-20076 level in hrs only.

Rising Wedge indicates it can flare upto 20800+ level very soon.