DAILY COMMODITY REPORT BY EPIC RESEARCH- 17 OCTOBER 2012

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DAILY COMMODITY REPORT BY EPIC RESEARCH- 17 OCTOBER 2012

  1. 1. DAILY COMMODITY REPORT 17TH OCTOBER 2012WWW.EPICRESEARCH.CO +91 9752199966
  2. 2.  HEADLINES Comex Gold gains on rise in US inflation Comex Gold prices is racing ahead after briefly falling to $1730 per ounce as US consumer prices rose on the back of increased cost of gasoline in September. Comex Dec Gold gained $5 at $1742.8 per ounce on Tuesday electronic trading. Support levels are seen at $1730, $1720 per ounce  TRADING TIP: while resistance levels are seen at $1760, $1780.Inflationary trends in the economy support gold Buy Crude Oil Oct and US Federal Reserve’s recently announced QE 3 could stoke inflation. Above 4860 Epic Research raises 2013 Gold, Silver price TGTS-4880/4910 forecasts. SL-4837 Epic Research raised its 2013 price forecasts for gold and silver by 14.7% and 11.4%, respectively. The European Central Bank’s intentions to purchase sovereign debt and a new round of quantitative easing by the Federal Reserve that suggests “continued negative real interest rates and appeal for precious metals as a store of value. They continued that, “for both metals, long-term prices haveBuy Gold Dec been increased to account for escalating capital andAbove 31060 operating costs.TGTS-31100/31150SL-31002WWW.EPICRESEARCH.CO +91 9752199966
  3. 3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE NAME CHANGE CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61 DAILY MARKET STATISTICS CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99 GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46 JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68 Symbol Expiry Date PCP % Change LTP KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76 Crude Oil 19-Oct-12 4832 0.56 4859 PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11 Nickel 31-Oct-12 912.40 -2.07 893.50REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2SOY BEAN Silver 7/19/2012 4309 5-Dec-12 4330 4265.5 59959 4303 4315 0.12 12 0.28 60031TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66 Gold 5-Dec-12 30977 0.20 31040 WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89 Lead 31-Oct-12 112.10 0.00 112.10 Zinc 31-Oct-12 100.45 -0.85 99.60 Copper 30-Nov-12 434.55 -0.05 434.35 Aluminium 30-Oct-12 104.15 -0.96 103.15 WWW.EPICRESEARCH.CO +919752199966
  4. 4.  DAILY MCX GOLD CHART ANALYSISOPEN: 30962HIGH: 31060LOW: 30862CLOSE: 31040 GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
  5. 5.  DAILY MCX SILVER CHART ANALYSISOPEN: 59919HIGH: 60218LOW: 59761CLOSE: 60031 SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPSwww.epicresearch.co 9752199966
  6. 6. DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable,but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right tochoose the product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information containedherein is based on analysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The reportdoes not provide individually tailor-made investment advice. Epic research recommends that investorsindependently evaluate particular investments and strategies, and encourages investors to seek the advice ofa financial adviser. Epic research shall not be responsible for any transaction conducted based on theinformation given in this report, which is in violation of rules and regulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The informationherein, together with all estimates and forecasts, can change without notice. Analyst or any person related toepic research might be holding positions in the stocks recommended. It is understood that anyone who isbrowsing through the site has done so at his free will and does not read any views expressed asa recommendation for which either the site or its owners or anyone can be held responsible for . Anysurfing and reading of the information is the acceptance of this disclaimer.All Rights Reserved.Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any lossincurred whatsoever for any financial profits or loss which may arise from the recommendations aboveepic research does not purport to be an invitation or an offer to buy or sell any financial instrument. OurClients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS orReport or Any Information Provided by us to/with anyone which is received directly or indirectly by them. Iffound so then Serious Legal Actions can be taken.

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