DAILY COMMODITY REPORT BY EPIC RESEARCH-19 NOVEMBER 2012Document Transcript
DAILY COMMODITY REPORT 19TH NOVEMBER 2012WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Gold, silver prices fall on profit taking, global cues. Gold prices encountered further selling pressure and dropped at the domestic bullion market on consistent profit taking by stockists and traders driven by bearish global trend. In Europe, gold declined on investor TRADING TIP: selling amid lower equities and continued uncertainty over global economic growth as well US fiscal worries.Sell Aluminium Nov London copper eyes first week of gains in 6 onBelow 107.20 China prospects.TGTS-106.50/105.80 London copper climbed and was set to log its first week of gains in six as signs top consumer Chinas slide inSL-107.80 economic growth has bottomed out helped to firm sentiment towards base metals. October figures showing Chinas economy was finally on the mend after 7 quarters of slowing growth have turned some banks more optimistic over the red metals demand outlook. But bulging inventories in China, a modest pick up at best in demand next year and improving supply haveSell Lead Nov kept hopes for a sizzling rally in check.Below 119.85TGTS- 119.20/118.50SL-120.40WWW.EPICRESEARCH.CO +91 9752199966
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