Daily Commodity Report By www.epicresearch.co - 21 November 2012

HEADLINES: Gold steady; eyes on US fiscal woes, Mideast tension

Indore, India (prHWY.com) November 21, 2012 - Daily Commodity Report by www.epicresearch.co - 21 NOVEMBER 2012


HEADLINES:
Gold steady; eyes on US fiscal woes, Mideast
tension

Gold traded steady lacking conviction to move out of its
recent trading range as investors eye truce talks over
Gaza and discussions on how to avert a fiscal crisis in
the world's top economy. An exchange of fire between
Palestinians and Israelis continued as U.S. Secretary of
State Hillary Clinton held talks in Jerusalem seeking a
truce. A failure to reach a cease-fire may support gold's
safe-have appeal.


Base metals are little changed on LME.

LME three-month copper was down 0.3 per cent at
$US7,782 a metric ton. Tin, meanwhile, was up just
0.02
per
cent
at
$US20,800/ton.
Last
night's
downgrade of France by Moody's has been ignored with
an appropriately Gallic shrug, since it doesn't exactly
spell doom for the French economy," said Epic
Research. Investors Services late Monday cut France's
Sell Crude Oil Dec credit rating to Aa1 from triple-A, keeping a negative
Below 4795 in on the finance ministers meeting of the euro zone,

outlook on the rating. Instead, investors were zeroing
centreing on the payment of Greece's next aid tranche.

Trading tip:

Sell Zinc Nov
Below 105.20
TGTS-104.60/103.90
SL-105.70
Previous Performance

Sell Crude Oil
Below 4795 ,
TGTS-4760/4720
SL-4830
DAILY MCX GOLD ANALYSIS:
OPEN: 31714
HIGH: 31869
LOW: 31692
CLOSE: 31744
GOLD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
DAILY MCX SILVER ANALYSIS:
OPEN: 61516
HIGH: 61971
LOW: 61425
CLOSE: 61536
SILVER LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
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