Commodities Weekly Research Report 20-11-17 To 24-11-17
Trend Sideways ⇒ Buy Gold MCX Between 29250 – 29350, Stop Loss – 28810 Target – 29830 ↔ 29944
Trend Sideways ⇒ Buy Silver MCX Between 39450 – 39550, Stop Loss – 38666, Target – 40080 ↔ 40330
Gold Recovers on Mild Demand in Mumbai, Silver Softens
Gold Silver Reports – Gold prices recovered marginally to close at Rs29,460 per 10 grams at the bullion market in Mumbai on Friday due to mild demand from stockists and retailers amid bullish global cues.
Bitcoin Emerges as Crisis Currency
Gold Silver Reports – Bitcoin Emerges as Crisis Currency – About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the cryptocurrency.
World’s First Bitcoin Short Notes Allow Bears to Ride Big Swings
Gold Silver Reports – Bitcoin bears now have another way to bet on price falls. Swiss structured products houses Vontobel AG and Leonteq Securities AG started separate products on Friday that allow investors to profit if the price of bitcoin tumbles. Not that it has tumbled much lately. Bitcoin is trading at a record high and has soared more than 700% this year.
Moody’s has Raised India Credit Rating From the Lowest Investment
Gold Silver Reports – Credit rating company Moody’s Investors Service on Friday upgraded India’s sovereign rating by a notch in a ringing endorsement of the Narendra Modi government’s reforms policy.
U.S. Stocks Decline With Dollar as Treasuries Rise
Gold Silver Reports – U.S. Stocks Decline With Dollar as Treasuries Rise – U.S. stocks edged lower after the best rally in two months, while Treasuries advanced as investors assessed the prospects for corporate tax cuts. The dollar dropped as the euro and yen gained.