Wednesday, March 08, 2006

::: Gold Consolidates :::

As again i say to touch dollar 610-625 it will take few months as i recommended people not to enter the bear market .I See Gold to be in a range or consolidation for some time hope.......Profeesional people are seeking to double top the charts which wont happen it wil consolidate upto next week after 19th i see rise in gold but see a bear close by month end ....

Yes, I still see gold to fall over 25% and silver too 25% before MID 2006. This is a great opportunity to sell metals (Spot silver at 10.15 and gold 568.90) Also all other metals.Gold, silver and copper will sharply fall from Tuesday and may have a fall of more than five percent during the week.I don't see any thing which can convince that metals are in bull now

As i said u earlier it has made the ABC wave now it will conclude with X1 -X2 mode i feeeel in tech charts ,bcos there is pending rally upside which shld be done to see metals to return there base with natural & technical aspects This & next week gold may trade between 522.50-559.50 ...Silver will fall heavily after 2nd half of this month i see planets are strengthening the base temporraily which will change after 10th MArch It will be in raneg of 998-913 cents

Shortterm Gold can be seen at 490-550 lvls Silver i c 8.56 to 9.83 lvls

::: Thanks & God Bless :::

::: Sunil S Jain :::
March 8th 2006

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