Sunday, April 16, 2006

:::GOLD 5000 SILVER 500$ heading for value :::

Gold is finding the value which wanna to go step by step feels lack of time spending out .Much more the Yellow metal which was considered as dirty in 20th centurey will turn "bright lusture "for 21st centurey .......Gold needs technicals to upright which it can fly to higherprices ...it has short time & long run simultaneously silver is climbing the same movements
Gold & silver etf will cause much more panic when listed investors will crowd like ants lineup for jaggery ..............Precious metals will teach a lesson to fundmanagers investors banks & leading institutions its value & its demand ....Investors willl watch for more investments in both metals as they know its still deadly cheap for long term
Gold wanna to cry for 850$ by next year & silver wannna saying i m sitting below the table as i said u the gold & silver will be at 720$ & 18.5$
Technicals aspect for the week 16th Avril to 21st April
I feel gold has to make some retracements as i said u the technicals have been overbought RSI is near to 70 , stochastics & other technical indicators looks for somretracements we can see this week its possible .......But i feeeel any possible retracements will give us good buying oppurtunity
Monday afternoon it will look for some fall but it wont tuesday can give some beats to pullback which again no effects Monday Tuesday likely to see in range wednesday & thursady it will carry up & might take market to 612 & silver 13.20-13.62 by weekend
we can expect a fall or correctioin for the rallly & oppurtunitry for buying on friday ...................after 19th some market weakness will be there upto 23rdapril watch on to it
Thanks & God bless
::: Sunil S Jain :::
Disclaimer: There is risk of loss in all commoditiestrading. I do not guarantee profits or pre-determined loss points, and are not held monetarily responsiblefor the trading losses of others::

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