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Chat Transcript
19 Jul 2012 - 12:00hrs hrs
Gnanasekar T |
The hottest commodities to bet on
Chat Transcript
| kavitatambi: what is ur viwe on gold |
| Gnanasekar T: IS range bound presently. Building itself for the next move. With hopes of a QE looks like a gradual upside can be expected. But, failure to sustain and rise higher and a decline below 1525 could result in a huge sell-off. |
| 777.com: hello sir, good to see you on moneycontrol. Now a days gold is not moving anywhere. Is it good time to buy gold now. or should i prefer any other commodity. Please suggest. thks |
| Gnanasekar T: After rising in one direction for 11 years it is taking a breather. It is still looking good for long-term and can buy on any major dips. |
| balirams: How much upside left in silver? where do you see resistance for silver? |
| Gnanasekar T: One one side due to a indisutrial metal it is affected by less demand and as a bullion too it is not doing well along with gold. However, beliwve $25-26 is a strong support area for Silver. While this level holds, we can still anticipate a rise to $35-38 by the year-end hopefully. |
| mumbai.com: Will crude go above USD 100/ bbl in coming weeks? |
| Gnanasekar T: Looks unlikely. With very negative fundamentals such a move looks very unlikely. High supplies and poor demand could cap upside attempts near $92-92 range. |
