1. REPORT
23RD
MAY 2013
COMEX
REPORT

2. 8
Gold slips after Bernanke hints at slowing bond buys
Gold fell for a third straight session on Thursday after U.S. Federal Reserve
Chairman Ben Bernanke hinted at reducing an $85 billion bond-buying
programme that has increased the metal's appeal as a hedge against inflation.
Spot gold dropped 0.3 percent to $1,363.96 an ounce, holding near a two-year
low of $1,321.35 reached in April. The metal hit a one-week high of $1,414.25 on
Wednesday after Bernanke told Congress that the U.S. economy needs further
traction before it scales back monetary stimulus. But the price slipped after he
said a decision to cut back may come at one of the central bank's "next few
meetings" if the economy looked set to maintain momentum.
Copper higher as no end seen to Grasberg closure
Worries about tighter supplies pushed up copper prices to a six-week high as a
production outage at Indonesia’s Grasberg, one world’s largest copper mines,
looked set to continue. Operations at Grasberg, the mine owned by Freeport-
McMoRan Copper and Gold in the province of Papua, were suspended last week
after a tunnel collapsed in an underground training centre, leading to 28
fatalities. Richard Adkerson, chief executive of the Arizona-based miner, landed in
Indonesia this week, with the company announcing that it was too early to say
when production would resume.
NEWS RADAR

3. S1 S2 R1 R2
1360 1348 1382 1401
GOLD HOURLY CHART
GOLD LOOKS BULLISH ABOVE 1374.00 LEVEL IS
SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 1385.00 LEVEL AND MAINTAINING
SL OF 1365.00

4. S1 S2 R1 R2
22.09 21.90 22.58 22.80
SILVER HOURLY CHART
SILVER LOOKS BULLISH BUY ABOVE 22.46 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 22.70 LEVEL AND MAINTAINING SL
OF 22.24

5. S1 S2 R1 R2
3.2939 3.2750 3.3320 3.3548
COPPER HOURLY CHART
COPPER LOOKS BEARISH SELL BELOW 3.3050
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 3.2800 LEVEL AND
MAINTAINING SL OF 3.3250
3

6. S1 S2 R1 R2
96.43 95.89 97.48 98.50
CRUDE OIL HOURLY CHART
CRUDE LOOKS BULLISH BUY AROUND 97.20 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 98.20 LEVEL AND MAINTAINING SL
OF 96.20

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