Sure Shot Mcx Tips ( Silver Trading )

Silver Trading & Investments get lucrative on Higher Gold Prices:

With Gold Prices at much higher levels & out of reach of most of the small investors & them essentially being the largest in Numbers, Silver Investment provides the next most lucrative option after Gold. Also added the fact that Gold Prices have been on a rampage for the last 11 years & with Silver being mostly on the sidelines with a sole, though an exceptional rally last year to around $50, the time for a sustained Silver Price Rally may just have come. Gold Prices are at their highest levels in India due to the sharp weakening of the INR – Indian Rupee against the US Dollar. Gold trading participation, Investments & Jewelry buying has lowered considerably by a 56% drop in demand in the Indian Markets due to the historically high Gold Prices.  Small Investors may in fact go to the extent of selling Gold to invest in larger quantities of Silver. Historically also, Silver follows a common path and responds similarly to its costlier cousin Gold. With higher Inflation expectations due to the dual factors of a severe drought in most countries & Economic stimulus efforts expected to be initiated anytime now on in the U.S. & Eurozone, Gold & Silver Trading or Investment is looked upon as a safe haven & is a natural hedge against Inflation. With lowered levels of risk appetite triggered due to recent meltdowns, traders may look towards Silver more than Gold as an option to hedge. Gold has declined only by a paltry 16% to the present $1620 level from its all time high if $1925 but on the other hand, Silver has slumped almost close to 50% to the present $27.50 levels from its high of $50 seen last year, providing a better opportunity of a faster upside recovery.

Gold futures traded comfortably above the psychological level of $1,600.00 yesterday when the U.S. dollar index came under selling pressure following some fresh, weak U.S.economic data. The Philadelphia Fed business survey was released Thursday morning and it came in weaker than expected. That followed a weak housing starts report for July.

MCX Tips

World Bureau of Metal Statistics (WBMS) showed that zinc market was in surplus by 217000 tonnes during January to August 2012 which compares with a surplus of 566000 tonnes recorded in the whole of the previous year. Reported stocks rose by 56000 tonnes in the first eight months of the year with almost all of the increase recorded at LME warehouses. LME stocks represented 75 percent of the global total.

Production of locally refined metal in China fell by 7.4 per cent compared with the previous year. According to Chinese customs data, imports remain at historically high levels. Much of the Chinese imports originate from other Asian countries. Exports reported by Japan, South Korea and Taiwan confirm the Chinese imports.

Global refined production fell by 3.1 percent and consumption fell by 0.9 per cent compared with the levels recorded one year earlier. Japanese demand was, at 291.9 kt, 12.6 per cent below the equivalent total for January to August 2011. In August 2012, slab zinc production was 1.036 million tonnes.

World demand was 74000 tonnes lower than corresponding period previous year to 8.11 million tonnes. Chinese apparent demand was 3.49 million tonnes, which is just over 43 per cent of the global total. Chinese demand rose by 1.7 percent compared with the first eight months of 2011. In August 2012, slab zinc consumption 1.063 million tonnes.

Weekly MCX Commodity Report By Advisory

CRUDE OIL UPDATES:-

The benchmark Light Sweet Crude Oil for November delivery on NYMEX settled at $ 91.86 per barrel on Friday 12 October 2012, up 2.2% in the week. The reports of rise in Crude oil supplies and slash of demand forecasts by Energy Information Administration brought some profit booking in Crude in the weekend. Crude Oil futures jumped after positive European sentiments pushed the prices forward.

The political tensions in Turkey and Syria continued to support the prices while news of OPEC production falling to 31.17 million barrels in September added as a catalyst. The production declined by 510000 barrels on account of sanctions on Iran that reduced the exports of Oil.

Rise in industrial production of Europe was helpful in underpinning the Crude Oil futures. The International Energy Agency slashed its 2012 and 2013 estimate of oil demand by 100000 barrels a day. The IEA estimates global oil demand of 89.7 million barrels a day in 2012 and 90.5 million barrels a day for 2013. EIA weekly Crude oil report showed that the US CrudeOil inventories moved up by 1.70 million barrels to 366.4 million barrels.

Crude oil futures rose on Middle East worries and a drop in OPEC production even as the International Energy Agency (IEA) cut its oil demand forecast. The commodity remained well bid above $92 per barrel in London trades amid mixed movement in equities. OPEC production fell 510,000 barrels a day to 31.17 million last month as Iranian sanctions reduced exports pressuring oil higher. Political tensions between Turkey and Syria are adding to the bullish fervor. WTI futures are placed at $92.15, up 8 cents per barrel on the day.

Weekly MCX Commodity Report

The prices of bullion's dropped sharply in the week due to heightened profit taking and some positive reports from US and Eurozone towards the end of the week. US consumer sentiments jumped to a five year high. Meanwhile, COMEX Gold futures for December delivery on NYMEX closed at $ 1759.7 per troy ounce, down 1.2% in the week. University of Michigan report showed that the consumer sentiment index for October came in at 83.1 compared to the final September reading of 78.3.

The weekly jobless claims of US fell to a four year low eradicating worries relating to economy. Initial jobless claims tumbled to 339000 from the previous week's revised figure of 369000. The drop surprised economists, who had expected jobless claims to edge up to 370,000 from the 367,000 originally reported for the previous month. This was the highest level of consumer sentiments since September 2007.

Industrial production in the euro zone rose unexpectedly last month. In a report, Eurostat said that Euro zone industrial production rose to a seasonally adjusted 0.6%, from 0.6% in the preceding month. US Dollar index that tracks the movement of Dollar against six major currencies settled at 79.69, up 35 pips against the close of 79.34 at the beginning of the week.