The December 2013 MCX newsletter highlights a drop in gold prices to a five-month low and discusses changes in commodity forecasts, including expectations for U.S. crude oil stockpiles and monetary policy adjustments. It emphasizes the challenges facing gold and silver investments due to limited positive catalysts and suggests strategies for various commodities. Additionally, the document includes disclaimers regarding investment advice and the reliability of the information presented.

1. DAILY MCX NEWSLETTER
DEC. 2013
05-DEC. -2013
THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED
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2. BULLION
BASE METAL
ENERGY
Gold prices dropped to a five month low in
The Transaction comprises a farm-in,
Tracking a slight up-tick in US crude oil futures,
London on fears that the signs of economic
funding and toll treatment agreement with
India crude oil prices edged up on Tuesday.
recovery in the United States would result in US
Sandfire to advance Ventnor’s
Firm manufacturing data from the United
stimulus tapering. Gold futures for February
Thaduna/Green Dragon Project (Project) to
States and China may have supported the
delivery on Globex platform of Comex was seen
production, utilising Sandfire’s modern
prices while concerns over likely drop in US
trading with a loss of $5.8 at $1215 per troy
production facilities at its DeGrussa Copper
crude oil stock-piles were seen supporting the
ounce as of 15.59 IST on Wednesday.
Project.
oil futures in the global market.
In the global market, the yellow metal is all set
Sandfire has now acquired a 35% interest in
American Petroleum Institute (API) is
for the first annual decline in 13 years.
the Project following the receipt of an
scheduled to release its data on weekly US
Analysts expect that US Federal Reserve may
upfront payment of $3 million which has
crude oil stock-piles at 03.00 IST on Wednesday
start to reduce its monetary stimulus at its
been used by Ventnor to discharge
and traders may get further clues on crude oil
March meeting.
outstanding loans secured over the Project
stock-piles in the world's largest economy.
Swiss bank also cut its average silver price
and fees. This followed the shareholder
forecast for 2015 from $24 previously to
approval for the deal at the Ventnor AGM
$21per ounce and they left the 2015 and more
held 28 November, 2013.
distant gold forecasts unchanged from
Sandfire will now manage and sole fund the
previous calls.
development of the Project and may earn up
“The struggle for gold not only rests with the
to 80% interest in consideration for further
predominant selling interest amongst
expenditure of $6 million.
investors currently, but with limited positive
catalysts looking forward; gold is unlikely to
regain its former appeal,” said UBS Analyst
Joni Teves and Strategist Edel Tully.
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3. BULLION
GOLD (5 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: -CONSOLIDATE
: - 29850, 30000
: - 29200, 29000
: - SELL ON HIGH
SILVER (5 MAR.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
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: - CONSOLIDATE
: - 45400, 45800
: - 44500, 44100
: - SELL ON HIGH HIGH

4. ENERGY
CRUDEOIL (18 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 6100, 6150
: - 5980, 5930
: - SELL ON HIGH
NATURAL GAS (26 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
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: -CONSOLIDATE
: - 251.00, 254.50
: - 244.00, 240.00
: - BUY ON DIPS

5. BASE METAL
COPPER (28 FEB.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: -454.50, 458.00
: - 446.00, 441.00
: - SELL ON HIGH
LEAD (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
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: - CONSOLIDATE
: - 130.00, 131.00
: - 127.50, 126.50
: - SELL ON HIGH

6. ZINC (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 117.50, 118.70
: - 115.50, 114.50
: - SELL ON HIGH
ALUMINUM (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
: - CONSOLIDATE
: - 110.00, 111.00
: - 107.00, 105.80
: - SELL ON HIGH
NICKEL (31 DEC.)
OUTLOOK:
TREND
RESISTANCE
SUPPORT
STRATEGY
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: - CONSOLIDATE
: - 856.00, 862.00
: - 842.00, 836.00
: - SELL ON HIGH

7. GOLD
SILVER
COPPER
CRUDE OIL
NATURAL GAS
PALLADIUM
PLATINUM
1238.41
19.605
03.225
97.36
03.979
723.70
1364. 10
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USDINR
EURUSD
USDJPY
USDCHF
GBPUSD
USDCAD
62.0750
01.3585
102.380
00.9023
01.6373
01.0676

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