Gold Silver Reports – The chart for Spot Gold is bearish on many counts. First there is the PMO with its “bear kiss” of the signal line and continued decline. The chart pattern that is forming is a bearish double-top. The pattern will be confirmed when price breaks down below the neckline.
Month: February 2018
MCX Copper Below 452 Sell Sell Sell Target 440—434 – Goldman Neal Bhai Reports
Gold Silver Reports – MCX Copper Below 452 Sell Sell Sell Target 440—434 – Technically MCX Copper is getting support key at 440 and below same could see a test of 434 levels and resistance key is now likely to be seen at 452, a move above could see prices testing 462
India’s Economy Continues To Rebound :Q3 GDP Data
Gold Silver Reports – India’s Economy Continues To Rebound :Q3 GDP Data — India’s economy picked up pace in the October-December period as it continues to recover from the twin disruptions of demonetisation and a nationwide goods and services tax.
Gold Prices Plunge by Rs 460 on Weak Global Cues, Fall in Demand
Gold Silver Reports – Gold Prices Plunge by Rs 460 on Weak Global Cues, Fall in Demand — Gold prices tumbled by Rs460 to Rs31,390 per 10 grams at the bullion market on Wednesday, snapping their four-day rising streak due to subdued global cues amid slump in local jewellers’ demand. Silver also fell by Rs250 to Rs39,300 per kg owing to reduced offtake by industrial units and coin makers.
Global Gold Prices Edge Up as Outlook for Faster US Interest Hikes Weigh
Gold Silver Reports – Global Gold Prices Edge Up as Outlook for Faster US Interest Hikes Weigh — Gold prices up slightly on Wednesday, extending the decline from the previous session, as investors interpreted comments from Federal Reserve chairman Jerome Powell to mean that the US may raise interest rates more frequently than anticipated this year.
Block Deal Alert – INDIA – February 28, 2018
Block Deal Alert – Punjab National Bank: About 12 lakh shares changed hands in a block deal.
Jeweler Files for Bankruptcy as PNB Fraud Rises to $2 Billion
The international jewelry business that’s part of the empire controlled by Nirav Modi, a billionaire accused of masterminding India’s biggest bank fraud, has filed for bankruptcy in the U.S. just as the Indian lender at the heart of the scam revised up its fraud estimate.