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Friday, August 25, 2006

Market discussion

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We dont see much market reaction at the exchange, Very little volume.
As we mentioned, many would be sleeping today, everyone were watching the News Re: Bernake Speech
But nothing came re: Monetary discussion.
So we wont consider it much Mkt Moving.

And Gold is holding very good at its support all time this week, Which is Very wonderful. And it looks like next week we might have chances for rise, as 31st we have Iran presenting news Re: Nuclear, What do you expect, they will say ok we will talk, and not prepare Nuclear, there will be ofcourse some challenging news, which shall give boost to precious Metals

If we analyze Crude Oil for a moment, we are looking for a nice run on this Energy, Which supports precious Metals.

USD strength today is just short term,

And we can see, little movements today, due to very less Volume.

We see like 50% seller, 50% Buyers, so the prices will go up and down, in tight ranges.

Shall Advice further.

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