Gold prices rose to a two-week high as weaker-than-expected US economic data reduced expectations that the Federal Reserve would taper its monetary stimulus program in the near future. Copper prices also increased on hopes of improved demand from China and tighter supply following production issues in Chile.

1. REPORT
31ST
MAY 2013
COMEX
REPORT

2. 8
Gold hits two-week high as U.S. data quells Fed taper talk
Gold rose to a two-week high buoyed by a fall in the dollar after weaker-than-
expected U.S. economic data boosted prospects the Federal Reserve will keep its
monetary stimulus in place. Speculation the U.S. central bank could start reining
in its $85 billion in monthly asset purchases as early as the summer had sparked a
sell-off in gold and a rally in the dollar last week. Prices rose over 1.5 percent to
$1,417.81 an ounce after data on Thursday showed the U.S. economy grew at a
slower pace than initially expected in the first quarter. Separately, weekly initial
jobless claims unexpectedly rose last week and pending home sales increased less
than expected.
Copper up on China demand prospects, tighter supply
Copper rose almost 1 percent on Thursday as investors bet on improved imports
by the biggest consumer China and as data from top producer Chile showed April
output fell from a year earlier due to strikes and production problems. Three-
month copper on the London Metal Exchange closed at $7,320, almost 1 percent
up, reversing losses. Lending copper some support, premiums for bonded copper
in Shanghai were heard as high as $150 a tonne, according to China price provider
SMM, a sign demand for delivery of the metals has improved.
NEWS RADAR

3. S1 S2 R1 R2
1402 1386 1423 1440
GOLD HOURLY CHART
GOLD LOOKS BULLISH BUY ABOVE 1422 LEVEL IS
SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 1432 LEVEL AND MAINTAINING SL
OF 1412.00

4. S1 S2 R1 R2
22.65 22.32 23.02 23.31
SILVER HOURLY CHART
SILVER LOOKS ABOVE BUY ABOVE 22.90 LEVEL IS
SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 23.15 LEVEL AND MAINTAINING SL
OF 22.70

5. S1 S2 R1 R2
3.2942 3.2705 3.3280 3.3364
COPPER HOURLY CHART
COPPER LOOKS BEARISH SELL BELOW 3.2950
LEVEL IS SUGGESTED AND RECOMMENDED TO
BOOK PROFIT NEAR 3.3150 LEVEL AND
MAINTAINING SL OF 3.2700
3

6. S1 S2 R1 R2
93.25 92.64 94.51 95.20
CRUDE OIL HOURLY CHART
CRUDE LOOKS BEARISH SELL AROUND 94.00 LEVEL
IS SUGGESTED AND RECOMMENDED TO BOOK
PROFIT NEAR 93.00 LEVEL AND MAINTAINING SL
OF 95.00

7. Disclaimer
The 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 to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained
herein is based on analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The
report does not provide individually tailor-made investment advice. Epic research recommends that
investors independently evaluate particular investments and strategies, and encourages investors to
seek the advice of a financial adviser. Epic research shall not be responsible for any transaction
conducted based on the information 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
information herein, together with all estimates and forecasts, can change without notice. Analyst or any
person related to epic research might be holding positions in the stocks recommended. It is understood
that anyone who is browsing through the site has done so at his free will and does not read any views
expressed as a recommendation for which either the site or its owners or anyone can be held
responsible for . Any surfing 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 loss incurred whatsoever for any financial profits or loss which may arise from the
recommendations above epic research does not purport to be an invitation or an offer to buy or sell any
financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to
forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is
received directly or indirectly by them. If found so then Serious Legal Actions can be taken.