Wednesday, November 10, 2010

 GOLD :Watch $ 1390 and 20175 !!

10 November 2010
Yesterday after hitting a high of $ 1424.40 it crashed to close at $ 1392.90 level.
101% Still some steam is left on Upperside ,My Rising Wedge target is $1479
Just u all Watch :$ 1390 very carefully !!
Decisive break below this level will take to 1370—1363 level in PANIC.
(Will Update more ….Tomorow )
U have to watch :20254-20175 level !!

SILVER :Below 42723 …Problem for Bulls ?

10 November 2010
-As expected its on Fire and Yesterday in MCX it kissed 43174 and closed at 42652 level.
Yesterday in COMEX -Cash Segment it had formed GRAVESTONE DOJI !!
(I think if it works………then Yesterday’s High will be major Hurdle for Timebeing )
95% Traders in MCX are Short & not able to sleep whole Night !
(By the God Grace ,Not a single Subscriber of mine is short in any Metal )
Not crossing Yesterday High of 43174 & trades below 42723 with volumes then ??
Nonstop PANIC upto Rs.41370-40919 level in hrs only.
& There after More Panic !!
-Pls Don’t trade Blindly………………For God sake -
From 29500 to 43174……We had never written (That u go short in Silver )
101% Will Update more to our Subscribers during trading hrs
As EXPECTED on Fire………..Still Looking Hot only.
(Will Update more to our Subscribers )
Three Days back written in Password Protected zone to Buy and FORGET !
My TARGET intact of Rs.189–194.50
Once crosses and closes above 194.50 for 3 Consecutive days then watch Nonstop rally upto 211——-216.50 level very soooooon !!
Will Update more to our SUBSCRIBERS !

CME To Raise Margin Requirements For Silver From…

10 November 2010
And if that doesn’t work, there is always confiscation.
“CME confirmed silver margins raised from $5000 to $6500 (30%) effective 11/10 settl – no other metals effected”
Presumably, this affects the maintenance margin. And is a lovely way to kill paper longs…. but not shorts, of course.
This is also the last remaining self-regulating way for the market to tell the genocidal lunatic in the Eccles building to go fornicate himself, and his excess liquidity.
Yes ,Today it will crack in MCX very heavily !!
Will Update shortly

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