Bullish for the medium term in Gold, Silver & Copper. Silver looks for new high towards $50.35 and then $52.20
-sQuareindia Advisory

What Next?
Gold Major Resist at $1588, it could fall back $25-40 on profit-taking, but we don't expect it going below $1490 for near-term.

Live Tele Conference with Mr.PrataP Kolagatla, MD, sQuareindia Advisory on Commodity Market Trend, Today 2-4pm @ 08922-277777

"Strong up trend in Gold & Silver seen this week is likely to spill over into next week's trade as markets remain concerned about inflation"

"Strong upward trend seen this week is likely to spill over into next week’s trade as the markets remain concerned about inflation"
-Debbie

US stocks open higher on positive results - US stocks were mixed in morning trade with Dow blue chips.

Dollar is so weak, it's masking the euro's weakness. Change the denominator to the Swiss Franc & you can see the impact of the debt crisis.

Indian Bank shares slip ahead of RBI’s policy review.

UK's market is closed in honor of the Royal Wedding; other world markets are mixed this morning http://bit.ly/eGFjmK

Hong Kong to launch new gold futures trading platform next month

Supreme Court suspends mining operation in 19 mines in Bellary region of Karnataka.

Euro zone inflation up, economic sentiment weakens http://ping.fm/FePLp

Crude is heading for rise of 5.7% in April, marking its 8th consecutive month of gain, longest run of monthly increase since 1983.

Silver is a good buy at current levels. it has opened with a very high gap, but still there is a scope of prices going high, may be to $50.

Chinese shares were slightly higher in early trade Friday as gains in gold miners outweighed losses in financial companies..

Fed has kept the rates unchanged, the GDP1 forecast is substantially down from 3.1% to say about 2%, dollar index is below 73 and euro is about 1.4850 and above. So, one thing that can be arrived from this is that dollar is weak and continue to be weak.

Silver a good buy but, Gold a safer bet.....???????

Gold hit record highs as the dollar's three-year low against a basket of major currencies attracted non-US investors.

Gold Bull's next near-term upside technical objective is to produce a close above resistance at $1,546.

Pending Home Sales m/m:
Actual: 5.1%
Forecast: 1.6%
Previous: 2.1%
-sQuareindia Advisory Pvt. Ltd.

What Next??
Gold might continue going up, next resistance level is $1546 and Silver resistance level is $50. -sQuareindia Advisory Pvt. Ltd.

Economy in U.S. Grew 1.8% in First Quarter, Less Than Forecast http://bloom.bg/j6334I

But a Labor Department analyst said only one state reported auto-related layoffs and the increase was modest in Jobless claims.

Economists predicted that auto factory shutdowns, stemming from supply disruptions in Japan, would cause Jobless claims to rise.

Unemployment Claims:
Actual: 429K
Forecast: 392K
Previous: 403K
-sQuareindia Advisory Pvt. Ltd.

Americans quick to forget Asian role in precious-metals markets. Indian profit taking could trigger Silver price correction.
-Nicolas

Federal exchange-rate policy hoping weaker US$ will stimulate economy activity & employment growth..

Silver 47.54 (+1.52). Well over half of recent correction has already been retraced.
-sQuareindia Advisory Pvt. Ltd.

Dollar Closer to 2009 Highs as FOMC Plans No Rate Hikes.

Fed hold rates near 0%. Economic conditions "likely to warrant exceptionally low levels for the federal funds rate for an extended period."

"Core Durable Goods Orders m/m"
Actual: 1.3%
Forecast: 1.7%
Previous: -0.3%
-sQuareindia Advisory Pvt. Ltd.

Crude may also force Chinese and US governments to keep tight monetary policy to control inflation.

Crude oil futures are trading on a very flat note as traders await US FOMC meet and weekly US inventories report.

Euro area still suffering from fiscal imbalance while US was warned with negative outlook & UK remains one holding firm to its top rating.

Gold advances again on concerns dollar to depreciate further as Risk Appetite again take hold of market overnight spurring demand.

Investors & traders are awaiting for change in Fed policy of keeping interest rates at extremely low levels in attempt to stimulate economy.

Standard and Poor's lowered the outlook for Japan's sovereign rating to negative. (long-term rating at AA minus) -sQuareindia Advisory Pvt. Ltd.

Asian Stocks Rise on U.S. Consumer Confidence; http://ping.fm/DbM9m

Gold & Silver recovering nicely from brief correction. Altho trend is up & away, significant 10-20% correction could occur anytime. -Nichols

Indian Stock Market moves southwards; selling seen across board: Sectorally, all 13 BSE indices were trading in the negative..

Pay Rs 3/litre more for petrol after May 15

Black money comes mainly from India: Assange: WikiLeaks founder Assange pulls up the Indian government for not b... http://bit.ly/huxTnI

Rupee down 12 paise against US dollar, Indian rupee depreciated by 12 paise to Rs 44. 60 against the US dollar. -sQuareindia Advisory Pvt. Ltd.

Fed chief Ben Bernanke faces decision on inflation http://bit.ly/eg6DlI

Indian markets open the session on the negative note on the back of unsupportive global markets. All the sectors are trading lower.

hmmm... MCX Silver started nearly -3000 at Opening.. -PrataP Kolagatla @ sQuareindia Advisory Pvt. Ltd.

INTERNATIONAL SILVER CRASHES AFTER REPORTS OF CME (CHICHAGO MERCINTALE EXCHANGE) INCREASES SILVER CONTRACH MARGIN FROM 6% TO 9%

Sensex down 0.4%, Reliance Industries leads losses.. -sQuareindia Advisory Pvt. Ltd.

Crude Oil, Gold and Silver Set Sights on US Yields Ahead of 2-Year Bond Sale http://bit.ly/fQ7Ybq

Sony says to launch its first tablet PC based on Android 3.0 OS, to release two types of tablet.

Dow, S&P fall on inflation concerns. -sQuareindia Advisory Pvt. Ltd.

What is success??
"Success is when your signature become an autograph..!!"
-Pr@t@P Kol@g@tl@
MD, sQuareindia Advisory Pvt. Ltd.

New home sales up, inventory at 43-1/2 year low. market still seen weak. http://ping.fm/S2oYV

Silver Falls as Much as 3% After Rally to Record. Earlier, the metal rose to a record $49.79. -sQuareindia Advisory Pvt. Ltd.

Jim Rogers reiterated his plan to short US Treasuries and Buy Commodities, Especially Silver in an interview with The Economic Times.

Swiss Franc Sets New Records on Continued Positive Sentiment http://bit.ly/heo3FG

Oil slips as silver retreat spurs profit taking http://ping.fm/KIbL8

FX markets may be stuck in a holding pattern ahead of Wednesday’s FOMC decision and press conference, but ultimately we doubt the meeting will stand in the way of the dollar decline.

US Federal Reserve will be slower to end its easy monetary policy than most other major regions, with the exception of disaster-hit Japan.

Australian dollar supported by rising commodity prices, continued its gains to hit a fresh 29-year high against the greenback.

Dollar continued its decline against major currencies with trading expected to remain thin & volatile as many global markets were closed for the holiday.

Oil falls in volatile trading, Gas pump prices up

Sales of New Homes in US Rose 11.1% in March to 300,000 Rate http://bloom.bg/fu3h6U

China Stocks Drop to 3-Week Low as Rising Oil Prices Boost Inflation Risk -sQuareindia Advisory Pvt. Ltd.

Silver succumbs to profit taking after nearly reaching $50, dragging Gold lower as well. Tuesday's options expiration is a factor too

MCX Silver hit Lower circuit..... FREE FALL

New Home Sales Data: Actual:300K Forecast:280K Forecast:280K -sQuareindia Advisory Pvt. Ltd.

FII's stake in banking stocks come down at March-end http://ow.ly/1cjT7e

NSE Gold ETF turnover more than doubles in 2010-11
-sQuareindia Advisory Pvt. Ltd.

China, S.Korea rebuff Japan on import restrictions after quake http://ping.fm/MpFSo

Ben Bernanke to hold Federal Reserve's first news conference Wednesday, April 27 http://bit.ly/gWgmoL

Prime Minister's Office terms as 'false' media reports that Manmohan Singh contacted Pakistan Army chief Gen Parvez Kayani, says PM's Media

Eight of top 10 firms add over 35K crore in M-cap last week. -sQuareindia Advisory Pvt. Ltd.

Toyota expects to have all models back to normal production levels by Nov or Dec 2011 -sQuareindia Advisory Pvt. Ltd.

"Wedding purchases drop by 80% as gold and silver rates soar" http:// bit.ly/giVJgW -sQuareindia Advisory Pvt. Ltd.

Dollar remains weak and Tokyo stocks hit http://ping.fm/uBM5F

FLASH: Obama has approved use of armed drones in Libya, missions are starting -U.S. Defense Secretary Gates

Japan Stocks Gain for Second Day as US Earnings Signal Economic Recovery

Is the Bank of England preparing to raise interest rates? http://ping.fm/fpasM -sQuareindia Advisory Pvt. Ltd.

EIA Crude Inventories: Crude Down 2.3M Distillates Down 2.5M Gasoline Down 1.6M -sQuareindia Advisory Pvt. Ltd.

Gold holding at $1500 on Silver strength & weaker US$. Long trend is up & away - but ShortTerm gold could trade sideways awaiting fresh news

Existing Home Sales: Forecast: 5.02M Previous: 4.88M Actual: 5.10 Million

Hang Seng was up 1.6% to 23,896, while stocks in Shanghai were up a quarter of a percent. -sQuareindia Advisory Pvt. Ltd.

Nasdaq's profit up 70 percent, amid buyout battle http://ping.fm/DeVsF

Gold moves decisively above $1500 as the dollar plunges to new 16 month lows.

Sales of Existing Homes in U.S. Probably Increased in March http://ping.fm/YXbo7 $KBH

Prime Minister Manmohan Singh congratulates ISRO scientists and engineers for successful satellite launch.

Today "555" Package offer is closing.. few more hours left...!! -sQuareindia Advisory Pvt. Ltd.

'Indians Not Looking To Buy Gold' The Morgan Stanley Alphawise survey suggests that only 37% of consumers are likely to buy gold in 2011.

Silver is still in a clear bull trend that targets $50 next, said Taso Anastasiou a USB Technical strategist.

Technical analysis also points to a further rally in gold targeting $1,518 according to Reuters market analyst Wang Tao.

SILVER HITS A FRESH 31-YEAR PEAK OF $44.50 ON CONTINUED INVESTMENT DEMAND

Silver has outperformed gold this year, up more than 40% so far against gold's 5% rise. The gold/silver ratio slipped to a 28-year low below 35 on Monday.

India Rupee opens higher on weak dollar. -sQuareindia Advisory Pvt. Ltd.

"Increase in the silver price is exaggerated. Expect a marked correction in the short term" -sQuareindia Advisory Pvt. Ltd.

Geopolitical tensions in the Middle East & North Africa, eurozone sovereign-debt concerns, US budgetary strife and global inflationary worries all heighten the need for investing in a store of value like gold and silver.

Gold hit an all-time high at $1,500 underpinned by a weaker dollar and investor worries about lingering sovereign debt problems in Greece.

US Gold futures hit record $1,500 on dollar drop

General Motors plans to more than double its sales in China to around 5million units by 2015, unveiling the company's 5year plan.

University of Texas Investment Management Co invested 5%($1 Billion of Gold Bars Taken Delivery) of the pension fund into gold bullion. (which manages the endowment for the Texas teachers pension fund One of the largest pension funds in the world)

Gold leapt closer to the $1,500 level after ratings agency Standard & Poor's downgraded its outlook on the US economy.

German government sources told in Berlin that they did not believe Greece, which sealed a $157.7 billion bailout from the EU and IMF last year, would make it through the summer without restructuring

Gold eased from record highs as the dollar rose 1% versus the euro, but prices took support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.

Tokyo stocks dipped in light trade, but held above key support. Nikkei was heading for another sharp decline now...

Gold jumps to fresh record high above $1497 on US Outlook Downgrade...

Many negative factors coming together that give me a negative outlook on stocks and commodities for the next 2-4 months

sQuareindia Advisory Started Nodal Desk.. If you have any issues regarding our services, please mail to Nodalofficer@sQuareindia.com

China raises bank reserves again for the 4th time this year, extending the fight against excessive liquidity and stubbornly high inflation.

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