ACQUIRE CAPITAL MARKETS

20/11/2012

GOLD
R Levels:
$ 1739.9 - $ 1748.7 - $ 1762.0
S LEVELS:
$ 1717.8 - $ 1704.5 - $ 1695.7
STRATEGY:
Neutral
Silver
R Levels:
$ 33.42 - $ 33.78 - $ 34.35
S LEVELS:
$ 32.49 - $ 31.92 - $ 31.56
STRATEGY:
Neutral
Crude Oil
R Levels:
$ 90.26 - $ 91.37 - $ 92.95
S LEVELS:
$ 87.57 - $ 85.99 - $ 84.88
STRATEGY:
Buy on Dips
AUD / USD
R Levels:
$ 1.0425 - $ 1.0451 - $ 1.0488
S LEVELS:
$ 1.0362 - $ 1.0325 - $ 1.0299
STRATEGY:
Buy on Dips
GBP / USD :
R Levels:
$ 1.5914 - $ 1.5936 - $ 1.5951
S LEVELS:
$ 1.5877 - $ 1.5862 - $ 1.5840
STRATEGY:
Sell on Strength
EURO / USD :
R Levels:
$ 1.2807 - $ 1.2850 - $ 1.2881
S LEVELS:
$ 1.2733 - $ 1.2702 - $ 1.2659
STRATEGY:
Neutral

13/11/2012

TODAY'S TECHNICAL

GOLD
Resistance Levels:
$ 1736.0- $ 1743.4 - $ 1748.8

SUPPORT LEVELS:
$ 1723.2 - $ 1717.8 - $ 1710.4

STRATEGY:
Sell on Strength

Sell below $1730, targeting $1724, using a stop loss of $1739.


Silver
Resistance Levels:
$ 32.70 - $ 33.00 - $ 33.27

SUPPORT LEVELS:
$ 32.13 - $ 31.86 - $ 31.56

STRATEGY:
Sell on Strength

Sell below $32.70, targeting $32.00, using a stop loss of $33.40.


Crude Oil
Resistance Levels:
$ 86.35 - $ 87.08 - $ 87.62

SUPPORT LEVELS:
$ 85.08 - $ 84.54 - $ 83.81

STRATEGY:
Sell on Strength

Sell below $86.39, targeting $84.56, using a stop loss of $87.49.

06/11/2012

NEWS IN LIME LIGHT

Most Asian stocks dropped amid low trading volume, with HSBC Holdings Plc sliding after saying it may face charges tied to money-laundering, as investors await the results of the U.S. presidential election.

Gold prices rose on Tuesday in somewhat choppy trading as investors bought and sold ahead of U.S. elections, which could have major implications on the metal going forward.

On the day of the U.S. presidential elections, the Labor Department may say job openings in the U.S. rose in September for the first time in three months.

Service industries in the U.S. kept growing in October; a sign the biggest part of the economy is withstanding a global slowdown.

The U.S. Institute for Supply Management's non-manufacturing index declined to 54.2 last month from 55.1 in September.

Data this month showed China's services industries rebounded from the slowest expansion in at least 19 months, indicating the world's second-biggest economy is recovering from a seven-quarter slowdown.

With benchmark rates near record lows, the U.S. Federal Reserve, European Central Bank and Bank of Japan (8301) have expanded their balance sheets since 2008 to try to resuscitate growth.

The Bank of Japan's new unlimited lending program may further weaken the yen by reviving the carry trade after the currency sank to a six-month low last week, a senior central bank official said.

The central bank unveiled a program of low-interest loans last week in a bid to boost demand for credit and spur growth as the nation's economic recovery flags.

The euro languished near a two-month low versus the dollar on Tuesday, with its outlook clouded by uncertainty over a Greek parliamentary vote on austerity steps needed for Athens to secure international aid.

But a bailout deal to keep near-bankrupt Greece afloat is unlikely to be struck next week when euro zone finance ministers meet in Brussels, a senior EU official said on Monday, as the euro zone still had to find a formula to make Greek debt sustainable and several countries, including Germany, had to discuss the matter with their parliaments.

Australian home prices rose for a second straight quarter, the first back-to-back increase since 2010, led by gains in the capitals of states at the center of the nation's mining boom.

The Australian government has pressed the central bank to loosen monetary policy as it bids for a A$44 billion ($46 billion) swing in the budget back to the black in time for an election later next year.

Australia's central bank unexpectedly kept its benchmark interest rate unchanged at a developed-world high as the global economy stabilizes, driving the local currency to a five-week high.

Oil traded near the highest level in two days as deliveries resumed on the U.S. East Coast after Hurricane Sandy. Gains were limited before presidential elections in the U.S., the world's biggest crude consumer.

06/11/2012

TODAY'S TECHNICAL

GOLD
Resistance Levels:
$ 1690.9 - $ 1695.9 - $ 1705.2

SUPPORT LEVELS:
$ 1676.6 - $ 1667.3 - $ 1662.3

STRATEGY:
Buy on Dips

Buy at $1676, using a stop loss of $1658, targeting $1698.


Silver
Resistance Levels:
$ 31.39 - $ 31.60 - $ 31.97

SUPPORT LEVELS:
$ 30.81 - $ 30.44 - $ 30.23

STRATEGY:
Buy on Dips

Buy at $30.50, using a stop loss of $30.18, targeting $31.48.


Crude Oil
Resistance Levels:
$ 86.27 - $ 86.84 - $ 87.80

SUPPORT LEVELS:
$ 84.74 - $ 83.78 - $ 83.21

STRATEGY:
Buy on Dips

Buy at $84.20, using a stop loss of $83.00, targeting $87.49.



CURRENCIES

AUD / USD
Resistance Levels:
$ 1.0395 - $ 1.0413 - $ 1.0444

SUPPORT LEVELS:
$ 1.0346 - $ 1.0315 - $ 1.0297

STRATEGY:
Buy on Dips

Buy at $1.0380, using a stop loss of $1.0280, targeting $1.0450. A good resistance is 1.0320.


GBP / USD :
Resistance Levels:
$ 1.6028- $ 1.6074 - $ 1.6110

SUPPORT LEVELS:
$ 1.5946 - $ 1.5910 - $ 1.5864

STRATEGY:
Buy on Dips

Buy at $1.5980, using a stop loss of $1.5920, targeting $1.6079.


EURO / USD :
Resistance Levels:
$ 1.2837 - $ 1.2877 - $ 1.2912

SUPPORT LEVELS:
$ 1.2762 - $ 1.2727 - $ 1.2687

STRATEGY:
Sell on Strength

Sell at $1.2808, targeting $1.2730, using a stop loss of $1.2860

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06/11/2012

TODAY'S TECHNICAL:

GOLD
Resistance Levels:
$ 1690.9 - $ 1695.9 - $ 1705.2

SUPPORT LEVELS:
$ 1676.6 - $ 1667.3 - $ 1662.3

STRATEGY:
Buy on Dips

Buy at $1676, using a stop loss of $1658, targeting $1698.


Silver
Resistance Levels:
$ 31.39 - $ 31.60 - $ 31.97

SUPPORT LEVELS:
$ 30.81 - $ 30.44 - $ 30.23

STRATEGY:
Buy on Dips

Buy at $30.50, using a stop loss of $30.18, targeting $31.48.


Crude Oil
Resistance Levels:
$ 86.27 - $ 86.84 - $ 87.80

SUPPORT LEVELS:
$ 84.74 - $ 83.78 - $ 83.21

STRATEGY:
Buy on Dips

Buy at $84.20, using a stop loss of $83.00, targeting $87.49.

26/10/2012

http://www.kitco.com/kgs/goldsurvey_images/bullish-bearish-survey83.jpg

17/10/2012

http://www.kitco.com/reports/KitcoNews20121017JW_pm.html

Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst, Jon Nadler. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.

26/09/2012

http://www.kitco.com/reports/KitcoNews20120926JW_am_2.html

Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst, Jon Nadler. With thorough analysis, get a sense of today's market as well as where it may be heading. Be in the lead.

13/08/2012

TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1632.8 - $ 1642.8 - $ 1655.9
Support Levels: $ 1609.7- $ 1596.6 - $ 1586.6
Strategy:
Buy on Dips
Long above $1608-$1615, put stop loss at $1600, target $1630 & $1640. A fall below $1605 may call for $1595 & $1585.

Silver:
Resistance Levels:
$ 28.41 - $ 28.75 - $ 28.19

Support Levels:
$ 27.60 - $ 27.10 - $ 26.80

Strategy:
Sell on Strength

Short below $28.20-$28.40, put stop loss above $28.50, target $27.60 & $27.30. A break above $27.50 may call for $28.80 & $29.20.
Crude Oil:
Resistance Levels:
$ 91.7 - $ 90.6 - $ 89.6

Support Levels:
$ 93.9 - $ 94.9 - $ 96.1
Strategy:
Neutral

Good levels to sell: $94.20 & $94.80.
Good levels to buy: $92.86 & $91.70.
CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0605 - $ 1.0635 - $ 1.0690
Support Levels: $ 1.0520 - $ 1.0465 - $ 1.0435
Strategy:
Sell on Strength

GBPUSD :
Resistance Levels:
$ 1.5732 - $ 1.5778 - $ 1.5856
Support Levels:
$ 1.5608 - $ 1.5530 - $ 1.5488
Strategy:
Range Trade

EURUSD :
Resistance Levels:
$ 1.2322 - $ 1.2357 - $ 1.2398
Support Levels:
$ 1.2246 - $ 1.2205 - $ 1.2170

Strategy:
Sell on Strength


Risk warning: Please note commodity futures, forex, & foreign exchange products are leveraged products and may not be suitable for everyone as it is possible to lose more than the funds you deposit. Please ensure that you fully understand the risk involved.

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13/08/2012

GOOD AFTERNOON
NEWS IN LIME LIGHT
• Gold prices extended Friday's gains into Monday on sentiment that central banks around the world will stimulate their economies to battle increasing headwinds.
• Japan's preliminary second-quarter growth figures were the latest in a series of disappointing indicators pointing to inbound intervention from central banks across the world.
• Investors stuck with gold betting that stimulus remains a very real possibility.
• Asian shares steadied on Monday but gains were limited by further evidence of slowing global growth, while the bleaker economic outlook kept hopes alive that authorities around the world will embark on more stimulus measures.
• Silver for September delivery was up 0.12% and trading at USD28.095 a troy ounce, while copper for September delivery was down 0.21% and trading at USD3.395 a pound.
• The U.S. will release data on retail sales Tuesday and inflation data on Wednesday, which kept investors spending Monday morning in a wait-and-see holding pattern.
• The dollar traded steady to higher against most major global currencies on Monday after Japan reported preliminary second-quarter gross domestic product numbers that fell short of expectations.
• Soft Chinese trade data also had the market on edge.
• Last week, China reported that its trade surplus narrowed unexpectedly in July, dropping to USD25.1 billion from a USD31.7 billion surplus.
• Crude oil futures traded higher in Asian trading on Monday on talk Iran may be stepping up its nuclear program, which sent investors buying on possible supply concerns and ignoring otherwise bearish Japanese growth data.
• Concerns that the standoff between Israel and its western allies against Iran will reheat and spark supply concerns brought in the buyers on Monday, with investors shrugging off soft economic indicators.
• The euro dipped against the dollar on Monday as investors sought the safety of the greenback ahead of Tuesday's unveiling of European growth figures as well as U.S. retail sales data.
• Last week in Europe, the European Central Bank trimmed its forecast for economic growth to 0.6% in 2013, down from 1% previously.
• The euro zone will release preliminary second-quarter gross domestic product data on Tuesday followed by industrial production figures, and investors snapped up dollar positions ahead of time as a safety play.
• The British Pound was lower against the U.S. Dollar on Sunday.
• Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.7838 and GBP/JPY falling 0.08% to hit 122.68.
• Australian dollar held near a four-month high of $1.0615 hit last week, underpinned by hopes that major central banks will soon act to stimulate their economies.
• Australian dollar held near a four-month high of $1.0615 hit last week, underpinned by hopes that major central banks will soon act to stimulate their economies.
• China's economy grew in the second quarter 7.6 percent from a year earlier, down from 8.1 percent in the first quarter.

09/08/2012

TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1621.0 - $ 1627.0 - $ 1634.6
Support Levels: $ 1607.4- $ 1599.8 - $ 1593.8
Strategy:
Buy on Dips
Long above $1605-$1608, put stop loss below $1594, target $1618-$1629. A fall below $1594 may show $1585. If it breaks $1600, market may target & $1594 & $1585.

U.S. Trade Balance & Unemployment Claims @ 1800 (GMT+5) hours.
Silver:
Resistance Levels:
$ 28.25 - $ 28.51 - $ 28.80

Support Levels:
$ 27.70 - $ 27.41 - $ 27.15

Strategy:
Buy on Dips

Long above $27.80, put stop loss below $27.60, target $28.15 - $28.40. A fall below $27.60 may show $27.30 & $27.05.
Crude Oil:
Resistance Levels:
$ 94.51 - $ 95.57 - $ 96.41

Support Levels:
$ 92.61 - $ 91.77 - $ 90.71
Strategy:
Neutral

Oil is expected to trade in the range of $92.10 - $95.00. if it breaks $95.00 on the above side, market may show $98.00. and if it breaks $92.10 on the down side, it may call for $90.60 & $88.80.


CURRENCIES:

AUDUSD :
Resistance Levels:
$ 1.0588 - $ 1.0611 - $ 1.0640
Support Levels: $ 1.0536 - $ 1.0507 - $ 1.0484
Strategy:
Neutral
GBPUSD :
Resistance Levels:
$ 1.5696 - $ 1.5739 - $ 1.5801
Support Levels:
$ 1.5591 - $ 1.5529 - $ 1.5486
Strategy:
Neutral

Trade Balance @ 1200 (GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2402 - $ 1.2439 - $ 1.2478
Support Levels:
$ 1.2326 - $ 1.2387 - $ 1.2250

Strategy:
Neutral
ECB monthly bulletin @ 1330( GMT+5) hours.