Gold Silver Reports — Turmeric futures (May) is likely to take support near 8470 levels. Spot turmeric prices increased at Erode markets on Monday due to quality arrivals and upcountry demand. Good quality turmeric arrived and traders also received some fresh upcountry demand.
Good things come to people who wait, but better things come to those who go out and get them.
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Gold Silver Reports — The recent spike in speculative trading in commodities in China has stunned global markets, according to Morgan Stanley, which cited a jump in local activity for steel, iron ore and cotton as well as eggs and garlic.
Gold Silver Reports — Nickel prices ended flat as LME nickel ended unchanged at $9,100 a tonne after moving as high during the day to $9,360 a tonne as market sentiment turned more upbeat despite persistent oversupply.
Gold Silver Reports — Copper on MCX settled up 1.19% at 334.5 amid optimism that demand is improving in China, the world’s biggest user.
Gold Silver Reports — Silver is now up 25% year to date, versus gold at 18%. Think the momentum could carry silver as high as $20/oz in the near term.