COMEX
REPORT
REPORT 30 JANUARY 2013 TH
NEWS RADAR Gold gained on Tuesday as weaker U.S. economic data shifted speculation as to how much support the Federal Reserve would voice for its current stimulus program. Gold prices have fallen for four consecutive sessions, as some investors moved to the sidelines ahead of this week's Federal Reserve policy meeting. This month's release of minutes from the central bank's December gathering slammed the gold market, as the details showed some policymakers favored pulling the plug on its stimulus efforts before the end of the year. Signs of improvement in the U.S. economy have bolstered doubts on the duration of the Fed's stimulus. But separate reports on Tuesday showing that U.S. consumer confidence in January and home prices in November fell drew buyers back to the gold market. Gold's gains on Tuesday came as "the market grew more optimistic that the Fed would stay the course," Standard Bank analyst Marc TRADING EXPERT OPINION Ground said in a TIPS note. The most actively traded contract, for February delivery, was recently up $10.30, or 0.6%, at $1,663.20 a troy ounce on the BUYdivision GOLD ABOVE 1660 TGS York Mercantile Exchange. Comex of the New 1668/1678 SL 1655 BUY GOLD ABOVE 1660 TGS 1668/1678 SL 1655 BUY GOLD ABOVE 1660 TGS 1668/1678 SL 1655 BUY GOLD ABOVE 1660 TGS 1668/1678 SL 1655
GOLD HOURLY CHART
S1
S2
R1
R2
1651
1643
1675
1684
GOLD LOOKS BEARISH ,SELL AROUND 1663.00 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 1659.00 LEVEL AND MAINTAINING SL OF 1667.00
SILVER HOURLY CHART
S1
S2
R1
R2
31.10
30.80
31.45
31.80
SILVER LOOKS BEARISH ,SELL AROUND 31.35 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 31.05 LEVEL AND MAINTAINING SL OF 31.65
COPPER HOURLY CHART
S1
S2
R1
R2
3.7000
3.6800
3.7300
3.7600
COPPER LOOKS BULLISH ,BUY AROUND 3.7250 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 3.7450 LEVEL AND MAINTAINING SL OF 3.7050
CRUDE OIL HOURLY CHART
S1 97.40
S2 96.90
R1 96.10
R2 95.70
CRUDE LOOKS BULLISH ,BUY AROUND 96.50 LEVEL IS SUGGESTED AND RECOMMENDED TO BOOK PROFIT NEAR 96.90 LEVEL AND MAINTAINING SL OF 96.10
MARKET STATISTICS OPEN
HIGH
LOW
CLOSE
GOLD SILVER CRUDE COPPER NGAS ALUMINIUM LEAD NICKEL ECONOMIC CALENDAR DATE Jan 31 Jan 31 Jan 31
CURRENCY USD CAD USD
FORECAST PREVIOUS FOMC Statement GDP m/m Unemployment Claims
0.2% 362K
0.1% 330K
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