Bullions Tips for the Week

8/9/2019 Bullions Tips for the Week

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10th May 2010 to 15th May 2010

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talvia.com

Metals On Sticky Wicket As Europe Reels

WEEKLYCOMMODITY REPORT

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R E S E A R C H
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2/9

R E S E A R C H

Weekly Commodity Report1st March to 6th Mar 2010

R E S E A R C HR E S E A R C H

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Date Time Currency Economic Data Forecast Previous

ECONOMIC DATA

10:00am

10:00am

IBD/TIPP Economic Optimism

Wholesale Inventories m/m

USD

USD

Wed

May 12

TueMay 11

-39.9B

-21.5B

0.5%

48.9

-39.7B

2.8M

-65.4B

0.6%

48.4

8:30am

10:15am

10:30am

1:15pm

2:00pm

Trade Balance

FOMC Member Rosengren Speaks

Crude Oil Inventories

FOMC Member Bullard Speaks

Federal Budget Balance

USD

USD

USD

USD

USD

Weekly Report Commodity10th May to 15th May 2010

ThuMay 13

440K

0.8%

444K

0.7%

83B

8:30am

8:30am

9:00am

10:30am

12:30pm

Unemployment Claims

Import Prices m/m

FOMC Member Kohn Speaks

Natural Gas Storage

Fed Chairman Bernanke Speaks

USD

USD

USD

USD

USD

FriMay 14

0.5%

0.3%

73.8%

0.6%

73.5

0.4%

0.9%

1.9%

73.2%

0.1%

72.2

2.9%

0.5%

8:30am

8:30am

9:15am

10:30am

9:55am

9:55am

10:00am

Core Retail Sales m/m

Retail Sales m/m

Capacity Utilization Rate

Industrial Production m/m

Prelim UoM Consumer Sentiment

Prelim UoM Inflation Expectations

Business Inventories m/m

USD

USD

USD

USD

USD

USD

USD


3/9

R E S E A R C H




Gold rallied on Friday to near a record high, posting its biggest three-week gain since

November as investors cut exposure to risks stemming from Greece's debt crisis and

tumbling global stock markets. Gold futures rallied in afternoon trade to the firmest since

Dec. 4 as volatile equities and currencies prompted nervous anxious investors to buy

gold. Investors piled into gold exchange traded funds and coins and bars, with bullion holdings in the biggest gold-

backed ETF rising 20 tonnes on Thursday, the biggest one-day gain since February 2009.

Commodities ended Friday with their sharpest weekly loss in 17 months as global market

jitters pressured oil and a few other commodities even after data showing a better-than-

expected recovery in U.S. jobs. The 19-commodity Reuters-Jefferies CRB index settled

with a weekly decline of nearly 6 percent as its main component, U.S. crude oil, neared a

three-month low in prices. The CRB's previous biggest weekly loss was for the week of Dec. 7, 2008 when it fell 13.9

percent. Since Tuesday, the debt woes of Greece have caused the dollar to rally against the euro, sparking one of the

year's worst sell-offs in commodities and other financial markets. The U.S. Labor Department said on Friday the

nation's employers added 290,000 non-farm jobs in April -- about 90,000 more than forecast by Reuters in a poll --

while the overall jobless rate grew to 9.9 percent from 9.7 percent in March. The data briefly lifted equity marketsand oil before the sell-off resumed. Crude oil's benchmark front-month contract in New York settled down 2.6

percent at $75.11 a barrel after falling to a session low of $74.51. The dollar, which hit 14-month highs against the

euro this week, gained on the single European currency in early trading before a rescue package approved by

German lawmakers lifted the euro. Any strength in the dollar naturally raises costs for those using other currencies

to buy dollar-denominated commodities.

U.S. copper futures ended up in extremely volatile business on Friday, as buyers moved in

near the $3.00 per lb level, a key technical area that will remain a challenge as Europeandebt contagion fears linger, analysts said. Copper for July delivery firmed 2.75 cents to

settle at $3.1445 per lb on the New York Mercantile Exchange's COMEX division.

Ranged from $3.0620 to $3.1790. COMEX estimated copper futures volume at 51,365 lots. Final volume Thursday

hit 64,417 lots. Open interest down 2,275 lots at 137,123 contracts open as of May 6. Muted market reaction to

upbeat U.S. labor market data showing employment grew at its fastest pace in four years in April. Jobs data shows

U.S. economy on upswing, but real question is how much European debt crisis will slow global economic recovery

Copper additionally buoyed by recovery in euro from 14-month low against the dollar after German lawmakers

approved rescue for Greece.

OIL DOWN AGAIN;

CRB IN WEEKLY

US COPPER ENDS

UP IN 'REFLEXRALLY', FEARS

PERSIST

GOLD RISES

TOWARD RECORD

ON FLIGHT FROM

RISK

Fundamental Market Overview



4/9

R E S E A R C H




COMEX Gold is strong on charts and sustain above 1200 $ anounce. Last week COMEX Gold sustained above 1180$ an ounce,in the coming week 1226$ /1230$ an ounce will be a majorresistance in Gold. If COMEX Gold breaks and sustains above

1230$ an ounce then it can move slightly upward and could comenear 1240 $/ 1250$ an ounce. And below 1180$ an ounce canmove slightly downward.

For the next week traders can use the buy on lower level strategy if

COMEX Gold sustains above 1174 $ /1180$ an ounce by keeping

the strict stop losses.Major support for COMEX Gold in the coming week would be

1175$ and 1150$Major resistance for COMEX Gold in the coming week would be

1230$ and 1250$Major support in MCX Gold is 17540 and 17100Major resistance in MCX Gold is 18180 and 18400

Market Overview Strategy

Weekly Chart

Technical Analysis

GOLD

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

GOLD 1367 1309 1252 1231 1193 1173 1135 1077 1019

Weekly Pivots



5/9

R E S E A R C H



Last week COMEX Silver did not break the level of 1900$ an ounceand for the upcoming week 1900 $ is a crucial resistance in ComexSilver. In the coming week if COMEX Silver sustains above 1900 $an ounce then it can move slightly upward and touch the levels of

1940/1954/ 1975$ an ounce.

For the next week traders can use buy on lower level strategy ifSilver sustain above the level of 1900$ an ounce, by keeping theproper stop losses.


StrategyMarket Overview

Weekly Pivots


SILVER 2357 2176 1995 1920 1814 1739 1633 1452 1271

SILVER

Weekly Chart



6/9

R E S E A R C H



CRUDE OIL

Last week NYMEX Crude did not sustained above the level of 87$a barrel and close below 80 $ a barrel. Crude is weak on charts andin the coming week if crude sustains below 74$ a barrel then it canfurther go downward.

For the next week traders can use the sell on higher level strategy ifNYMEX Crude sustains below 74$/73$ a barrel by keeping theproper stop loss.



Weekly Pivots


CRUDE 116.84 104.20 91.56 83.34 78.92 70.70 66.28 53.64 41.00

Weekly Chart



7/9

R E S E A R C H



COPPER

As we mentioned last week COMEX Copper below 300 did a lowof 300.55, for the upcoming week 290 $/285 level can act as agood support for COMEX Copper, if it breaks this level andsustains below it we can see 270 level.

Copper is still bearish and for the next week one should use thestrategy of sell on higher levels.For the next week COMEX Copper has important support of 300and 285 and resistance of 341 and 356.

MCX Copper has support at 291 and 282 and resistance at 334and 350.



Weekly Pivots


COPPER 424.50 388.70 352.90 333.70 317.10 297.90 281.30 245.50 209.70

Weekly Chart



8/9


Weekly Pivots

R E S E A R C H



GOLD

COPPER

NATURAL GAS

ZINC

ALUMINIUM

18826.00 18569.67 18251.33 17676.67 17358.33 16783.67 16465.33

346.25 345.03 331.27 316.28 302.52 287.53 273.77

193.90 192.27 187.33 180.77 175.83 169.27 164.33

107.10 107.53 101.42 95.73 89.62 83.93 77.82

101.45 102.32 98.43 95.42 91.53 88.52 84.63

Scripts R3 R2 R1 PP S1 S2 S3

SILVER 30817.00 30339.00 29458.00 28099.00 27218.00 25859.00 24978.00

CRUDE 3902.00 4036.33 3740.67 3579.33 3283.67 3122.33 2826.67

LEAD 106.65 106.35 99.20 91.75 84.60 77.15 70.00

NICKELNICKEL 1253.20 1282.13 1149.37 1045.53 912.77 808.93 676.17



9/9


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Bullions Tips for the Week