Precious Metals As predicted in morning’s newsletter

PRECIOUS METALS: Precious metals has entered in bullish zone. From last 10 days, bullion is trading in bullish trend. This shall continue till mid-September. After 17th SEPTEMBER 2013, a very major fall is expected. By 17th September 2013, we expect Gold to cross 1,440 while Silver is expected to cross 25.00. However it should be noted that Sun is entering “Leo” tonight. On 20th August, Venus shall enter in “hastra” nakshatra, because of which, a sharp profit booking is expected between 20-23 August 2013. Your strategy should be to buy on dips (on 23rd August 2013). And then from 23rd August 2013, it shall again turn bullish. Also note that precious metals shall trade positive till this Monday (19th August 2013). Today’s view: Gold shall trade volatile to positive till US opening. And then, slight profit booking is expected.

Today’s Trading Range: GOLD:1,375-1,355 SILVER:23.50-22.30-As sent on 16th August 2013 (07.00 HRS IST).

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