GOLD AND SILVER DAILY REVIEW



U.S. gold futures finished stronger on Tuesday, as a rating downgrade of Greece late in the previous session drew some investors to the yellow metal as a safe-haven play and bullish technical signals extended those gains.

IN FOCUS
- The world's largest gold-backed exchangetraded fund, SPDR Gold Trust, said its holdings stood at 306.137 tonnes as of June 15, unchanged from the previous business day.

- The world's largest silver-backed exchange-traded fund, the iShares Silver Trust, said its holdings stood at 9,208.83 tonnes as of 15th June, unchanged from the previous business day.

- Gold and gold receivables held by eurozone central banks fell by 1 million euros to 286.691 billion euros in the week ending June 11, the European Central Bank said on Tuesday.

- Gold miners in the first quarter kept cutting back on hedging against possible declines in the gold price, but they did so at a much slower pace than in the fourth quarter of 2009, when Barrick Gold Corp eliminated its entire hedge book.

Precious metals are trading firm on COMEX today. Today we have CPI data to be released by the euro zone, this may lend some support to the prices. But we expect profit taking to continue in this counter thus, Selling on rise is the strategy for the day.

MCX Tips provided by me are source of knowledge and trading strategies for its clients and visitors. Free Commodity tips benefits the traders from the Live Markets commodity calls provided by us, and thus make huge money from the strategies we provide them. FREE MCX Tips are also provided by us on a one two trial days basis for the visitors to our website. MCX Commodities are a great and huge source of profit from Indian commodities traders. There are various commodities being traded on these exchanges ranging from Gold, Silver, Copper, Crude, Nickel, Aluminum, Zinc, Lead, and many more. We provide Daily MCX Reports, Daily Gold Reports, Daily Silver Reports, Daily Copper Trend,Gold reports, Silver reports and Copper Reports, Technical/fundamental Reports on Gold, Silver, Copper, Aluminium,Zinc, Nickel, Crude Oil and Natural Gas with a host of Agri Commodities like Mentha Oil, Cardamom, Potato, Potato Tarkeshwar, Chana, Guarseed, Jeera, Pepper as well as Trading Calls for all commodities on MCX and NCDEX . Apart form Commodity We have other services for Intraday Stock Tips, Free Share Tips, Nifty Tips, Nifty Future Tips, Nifty Option Tips, Free Nifty Tips, Equity Tips, Stock Cash Tips, Free Trading Tips. Register Today to Get Free Trial Stock Commodity Trading tips for Intra-day, Short Term & Long Term Investment on Mobile from Today 23rd December to Tomorrow 24th December 2013.

Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
Disclaimer: The usage of this blog confirms to the policy that the investment in stock market has inherent risks and author or his clients may or may not be following the recommended tips.This Blog is not responsible for any errors, omissions or representations on any of our pages or on any links on any of our pages. Blog does not endorse in anyway any advertisers on our web pages. Please verify the veracity of all information on your own before undertaking any alliance.The author will not be held responsible for any loss incurred by following the advice.
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms