Gold futures rose as central banks continue easy monetary policies. The ECB cut interest rates as expected due to ongoing economic struggles in the eurozone. Lower rates make gold more appealing as it yields no interest. Some investors see gold as a hedge against inflation from accommodative monetary policies. The most active gold contract rose 1.4% on expectations of continued low rates in Europe and the US supporting gold prices.

1. REPORT
6TG
MAY 2013
COMEX
REPORT

2. 8
Gold futures pushed higher as investors bet that central banks would
continue to deploy easy-money policies and draw buyers to the
precious metal. The European Central Bank said Thursday it would cut
its benchmark interest rate by 0.25 percentage point, a move widely
expected as the euro-zone economy continued to struggle. Gold, which
yields no interest, tends to appeal to investors more when rates are low
and central banks are moving to push more cash into the financial
system. Some investors also buy gold as a hedge against the inflation
that can follow accommodative monetary policy. The most actively
traded contract, for June delivery, was recently up $20.60, or 1.4%, at
$1,466.80 a troy ounce on the Comex division of the New York
Mercantile Exchange.
Gold bulls are "encouraged by the continued easy money policies
suggested by the U.S. Federal Reserve and European Central Bank at
their meetings this week," Kitco Metals analyst Jim Wyckoff said in a
note.
NEWS RADAR
TRADING TIPS EXPERT OPINION
 SELL GOLD BELOW 1460 TGS
1440/1415 SL 1475
 SELL SILVER BELOW 23.70
TGS 23.40/23.00 SL 24.95
 BUY COPPER ABOVE 3.3200
TGS 3.3500/3.3800 SL
3.3000
 BUY CRUDE BELOW 96.00
TGS 97.00/98.50 SL 95.00
 GOLD LOOKS BEARISH
 SILVER LOOKS BEARISH
 CRUDE OIL LOOKS BULLISH
 COPPER LOOKS BULLISH
 NGAS LOOKS BEARISH
 LEAD LOOKS BULLISH
 NICKEL LOOKS BULLISH
 ALUMINIUM LOOKS BULLISH
 ZINC LOOKS BULLISH

3. S1 S2 R1 R2
1454 1440 1482 1496
GOLD HOURLY CHART
GOLD LOOKS BEARISH SELL BELOW 1460.00
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 1440.00 LEVEL AND
MAINTAINING SL OF 1472.00

4. S1 S2 R1 R2
23.80 23.50 24.26 24.52
SILVER HOURLY CHART
SILVER LOOKS BEARISH SELL BELOW 23.70 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 23.50 LEVEL AND MAINTAINING SL
OF 23.90

5. S1 S2 R1 R2
3.2880 3.2600 3.3248 3.3500
COPPER HOURLY CHART
COPPER LOOKS BEARISH SELL BELOW 3.3200
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 3.3500 LEVEL AND
MAINTAINING SL OF 3.3000
3

6. S1 S2 R1 R2
94.80 94.00 96.00 96.90
CRUDE OIL HOURLY CHART
CRUDE LOOKS BEARISH BUY AROUND 96.00 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 97.00 LEVEL AND MAINTAINING SL
OF 95.00

7. OPEN HIGH LOW CLOSE
GOLD 1467.05 1487.80 1456.02 1468.83
SILVER 23.79 24.38 23.42 24.08
CRUDE 93.95 96.01 93.55 95.41
COPPER 3.1055 3.3130 3.1048 3.3058
NGAS 4.038 4.065 3.973 4.054
ALUMINIUM 1821.63 1888.01 1821.13 1887.38
LEAD 1951.75 2047.38 1946.25 2046.88
NICKEL 14780.00 15202.00 14745.00 15145.50
DATE CURRENCY FORECAST PREVIOUS
MAY 6 EUR ECB President Draghi Speaks
MARKET STATISTICS
ECONOMIC CALENDAR

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