PRECIOUS METALS

We had said that bullion shall have a U turn from 16^th July 2014. This bullish trend shall continue till 25^th August 2014.

Gold can cross 1,500$/Oz while Silver can cross 25$/Oz.

Positional traders should try to buy bullion on dips.

Bullion is positive with volatility for the day.

In next week, with ups and downs, till 24^th July 2014, some weakness may be observed. These shall be opportunities to buy precious metals on dips.

After 24^th July 2014, bullion shall move in highly positive trend.

In this rally, 1,280 wont be breached for Gold & 20.00 wont be breached for Silver.

So your strategy should be to buy bullion on dips.

By 25^th August 2014, you can have a big profit!

At the year end, Gold will cross $2,000/Oz while Silver will cross $35/Oz.

This bull rally of bullion will last till 2020 and we may see a rise of at least 200%-300% in price of Gold and Silver.

The stop loss for positional traders {those who wish to hold position for 3 years} is 1,180 (GOLD), 18.00 (SILVER).

By the year end, when Gold reaches 2,000$/Oz, you can book 50% position, so that the remaining position remains in good health!

NOTE: This is our astrological view.

INTRA-DAY VIEW

Gold and Silver shall be supportive for the day. On Monday, some weakness may be observed.

Around Monday’s US time, 3-4 hours of positiveness may be seen. Tuesday and Wednesday are positive for bullion.

For further details, wait for next weekly letter.

TRADING RANGE:

– GOLD : 1,300-1,326

– SILVER:20.85-21.25

Stock Markets Around the globe

Today, global markets have opened on a weak note.

From 11.00 HRS IST, markets shall start moving upward. 

After US market opening, market shall turn bearish.

On Monday as well, weakness shall be observed.

With stop loss of 1,945 buy S&P500 SEPT FUT for target 1,965-1,970.  Around 1,970 make short position with stop loss 1,982 for target 1,945-1,950 (and hold for Monday).

TRADING RANGE:

-DOW FUT: 16,900-17,020

-S&P500 FUT(SEP): 1,947-1,970

-NASDAQ FUT(SEP): 3,860-3,905

-FTSE FUT: 6,640-6,700

-CAC FUT : 4,275-4,340

-DAX FUT: 9,670-9,730

-HANG SENG:23,200-23,480

-AEX:400-403