Bullion Reports for the Week

8/9/2019 Bullion Reports for the Week

1/9

12th Jul 2010 to 17th Jul 2010

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talvia.com

Base Metals Up On Higher Equities, Euro!

WEEKLYCOMMODITY REPORT

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R E S E A R C H
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2/9

R E S E A R C H

Weekly Commodity Report1st March to 6th Mar 2010

R E S E A R C HR E S E A R C H

Date Time Currency Economic Data Forecast Previous

ECONOMIC DATA

7:30pm Fed Chairman Bernanke SpeaksUSDMonJul 12

Weekly Report Commodity12th Jul to 17th Jul 2010

2:45am

6:00pm

11:30pm

FOMC Member Duke Speaks

Trade Balance

Federal Budget Balance

USD

USD

USD

TueJul 13

-40.3B

-135.9B

-39.4B

-81.6B

6:00pm

6:00pm

6:00pm

7:30pm

8:00pm

11:30pm

Core Retail Sales m/m

Retail Sales m/m

Import Prices m/m

Business Inventories m/m

Crude Oil Inventories

FOMC Meeting Minutes

USD

USD

USD

USD

USD

USD

WedJul 14

-1.1%

-1.2%

-0.6%

0.4%

-5.0M

-0.1%

-0.1%

-0.1%

0.4%

6:00pm

6:00pm

6:00pm

6:00pm

6:45pm

6:45pm

7:30pm

7:30pm

8:00pm

PPI m/m

Unemployment Claims

Core PPI m/m

Empire State Manufacturing Index

Capacity Utilization Rate

Industrial Production m/m

Fed Gov Nomination Hearings

Philly Fed Manufacturing Index

Natural Gas Storage

USD

USD

USD

USD

USD

USD

USD

USD

USD

ThuJul 15

-0.3%

454K

0.2%

19.6

74.1%

1.3%

8.0

78B

-0.2%

453K

0.1%

18.9

74.2%

0.0%

11.4

6:00pm

6:00pm

6:30pm

7:25pm

7:25pm

Core CPI m/m

CPI m/m

TIC Long-Term Purchases

Prelim UoM Consumer Sentiment

Prelim UoM Inflation Expectations

USD

USD

USD

USD

USD

FriJul 16

0.1%

-0.2%

83.0B

76.0

2.8%

0.1%

0.1%

73.7B

74.1

www.capitalvia.com | 2


3/9

R E S E A R C H




U.S. Gold futures finished Friday at their highest close in four days, but gains were held in check by

light volumes and sellers at $1,210 an ounce. Gold briefly rose 1.5 percent to four-day highs above

$1,210 an ounce on Friday, but selling around that level kept price gains capped. Uncertainty

surrounds the global economy and slow summer trading sessions kept prices, both in precious

metals as well as correlated markets such as equities in check. Spot Gold advanced to $1,209.05 an

ounce from previous session's late quote in New York at $1,196.48 an ounce. Earlier, it touched $1,213.35, its highest since July

5 against $1,196.48 late Thursday trade. U.S. gold futures for August delivery firmed $13.70 to settle at $1,209.80 on the New

York Mercantile Exchange's COMEX division, and earlier hit a four-day high at $1,214.10. Holdings of the world's largest gold-

backed exchange-traded fund, New York's SPDR Gold Trust, slipped again on Thursday, dipping 0.445 tonnes to 1,316.036

tonnes. The fund's holdings have retreated 4.4 tonnes from the record 1,320.436 tonnes they stood at in late June, as the safe

haven-related inflows seen in recent months dried up.

Oil prices topped $76 per barrel on Friday on demand optimism, posting the biggest

weekly increase since late May after a choppy low volume trading session. U.S. Crude for

August settled up 65 cents or 0.86 percent to $76.09 per barrel in a volatile session,

closing the week with a 5.5 percent gain -- the biggest weekly jump since the week to

May 28. Prices jumped as much as $1 to $76.48, the highest intra-day price since June

30, slipping in and out of negative territory before settling up. Trading volumes for the front-month contract were at

their lowest levels since early last week. U.S. equities markets closed up as investors eyed corporate earnings season

that unofficially kicks off on Mondays. The S&P 500 index closed up 0.72 percent while the Dow Jones Industrialaverage rose 0.58 percent, helping the principal U.S. stock indices post an increase of more 5 percent for the week --

their best week in a year. Investors often see rising equities markets as a sign of economic growth, which generally

spurs demand for oil. U.S. Crude was still below a 19-month peak above $87 reached in early May, having

rebounded sharply from a trough below $65 on May 20. Crude inventories in the United States dropped 5 million

barrels last week, more than twice as much as expected, the Energy Information Administration said. Markets

awaited Chinese trade data, to be published on Saturday, for further price direction. Year-on-year import and export

growth probably slowed last month from the sizzling pace set in May, in large part reflecting a higher base of

comparison as the global recovery gained strength around the middle of last year.

U.S. copper futures closed up a two-week top on Friday, driven by improving economic

sentiment and expectations that demand from China, the world's biggest consumer,

remained robust in June. Copper for September delivery rose 3.80 cents, or 1.3 percent,

to finish at $3.0535 per lb on the COMEX metals division of the New York Mercantile

Exchange. Market momentum additionally fueled by expectations of rising copper

imports into China before scheduled release of data on Saturday. London Metal Exchange metal stocks fell by 2,100

tonnes to 436,900 tonnes, their lowest since November 2009. Deliverable copper inventories in warehouses

monitored by the Shanghai Futures Exchange fell 6 percent to 117,459 tonnes from 124,558 tonnes a week earlier.

Copper stocks on warrant down 1,226 tonnes to 26,245 tonnes. COMEX Copper inventories declined 47 short

tons to 101,235 short tons as of Thursday. Copper gains buck weaker tone in euro versus dollar, after round ofprofit-taking in the single currency from more than 2-month peak. LME copper for three-month delivery closed at

$6,769 per tonne from Thursday close at $6,610 a tonne.

GOLD RISES 1.5

PCT, CONSISTENT

SELLING

CAPS HIGH

Fundamental Market Overview


OIL TOPS $76 IN

CHOPPY TRADING,

POSTS WEEKLY

GAIN

US COPPER ENDS AT

2-WK TOP, EYES

CHINA IMPORT

DATA


4/9

R E S E A R C H




COMEX Gold is in consolidation phase. Last week COMEX Golddid a low of 1185$ and bounced back. In the coming week 1165$/1145$ an ounce will act as a good support in COMEX Gold, below1165$/1160$ an ounce it can slightly correct and could test the

levels of 1150 $/ 1125 $ an ounce and above 1215$ an ounce itcan touch the level of 1225$/ 1240$ 1260$. Long Term trend ofCOMEX Gold is bullish.

For the next week traders can use buy on lower level strategy if

COMEX Gold sustains above 1185$ an ounce by keeping the strict

stop losses.Major support for COMEX Gold in the coming week would be

1165$ and 1120$.Major resistance for COMEX Gold in the coming week would be

1270$ and 1295$Major support in MCX Gold is 17900 and 17350Major resistance in MCX Gold is 18900 and 19300

Market Overview Strategy

Weekly Chart

Technical Analysis

GOLD

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

GOLD 1293 1263 1233 1221 1203 1191 1173 1143 1113

Weekly Pivots



5/9

R E S E A R C H



COMEX Silver is in upward consolidation phase. Last weekCOMEX Silver sustained above 1750$ an ounce. For the upcomingweek 1700$ and 1650$ are crucial supports and 1890 $ is a crucialresistance in COMEX Silver. In the coming week if COMEX Silver

fails to sustain above 1890$/ 1900$ then below 1740$/ 1750$ anounce it can come slightly downward and might test the level of1700$ and 1650$/ 1660$ an ounce.

For the next week traders can use sell on higher level strategy ifSilver sustains below the level of 1850$/1880$ an ounce, bykeeping the proper stop losses.


StrategyMarket Overview

Weekly Pivots


SILVER 1997 1930 1863 1835 1795 1768 1728 1661 1595

SILVER

Weekly Chart



6/9

R E S E A R C H



CRUDE OIL

NYMEX Crude is consolidating on charts and moving in rangebetween 70$ to 80$ a barrel. For the coming week 71$/68$ willbe a major support and 80.50$ to 81.40$ a barrel will be a majorresistance. Crude is in consolidation phase and in the coming

week if Crude sustains above 80.50 $ a barrel then it can furthergo upward. And below 70.50 $ a barrel if NYMEX Crude sustainsthen a slight correction can come.

For the next week traders can use the sell on higher level strategy ifNYMEX Crude does not sustain above the level of 80$ a barrel bykeeping the proper stop loss.



Weekly Pivots


CRUDE 90.72 85.33 79.94 78.02 74.55 72.63 69.16 63.77 58.38

Weekly Chart



7/9

R E S E A R C H



COPPER

Last week COMEX Copper was moving in an upward tradingchannel and we saw some good buying coming at lower levels. Forthe coming week traders should use the strategy of buy on lowerlevels until COMEX Copper sustains above 300 level. If COMEX

Copper sustains above 313 we can see Copper near 328 level.

For the upcoming week 328 and 342 will act as major resistance inCOMEX Copper and 285 and 268 will act as major supports. ForMCX Copper major resistance would be 327 and 340 andSupports would be found at 294 and 280.



Weekly Pivots


COPPER 350.60 334.05 317.50 311.50 301.00 294.90 284.40 267.90 251.30

Weekly Chart



8/9


Weekly Pivots

R E S E A R C H



GOLD

COPPER

NATURAL GAS

ZINC

ALUMINUM

18958.00 18750.67 18580.33 18402.67 18232.33 18054.67 17884.33

327.55 323.90 319.90 312.25 308.25 300.60 296.60

253.70 240.87 223.83 213.97 196.93 187.07 170.03

90.90 89.95 88.65 86.40 85.10 82.85 81.55

96.65 96.02 94.58 92.52 91.08 89.02 87.58

Scripts R3 R2 R1 PP S1 S2 S3

SILVER 29641.00 29361.00 29129.00 28817.00 28585.00 28273.00 28041.00

CRUDE 3755.00 3697.33 3625.67 3496.33 3424.67 3295.33 3223.67

LEAD 89.40 88.40 87.00 84.60 83.20 80.80 79.40

NICKELNICKEL 945.40 937.30 924.10 902.80 889.60 868.30 855.10



9/9


R E S E A R C H



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Bullion Reports for the Week

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