Author: syed arif

Yesterday Germany imposed ban on short selling of Euro Bonds as well as shares of German Banks. Because of this there was a big dip of all currencies against dollar as well as we see huge selling in Gold both due to profit...

Yesterday Gold was highly volatile as news coming from Europe and Asia were not satisfactory. Market went up towards US$ 1227 then goes back towards US$ 1210 then close uptowards US$ 1224. Now today we will see further selling...

Yesterday we see some profit taking and Gold’s high was US$ 1242 and then it goes towards US$ 1228. NY closing was US$ 1233. Today we see support @US$ 1228 before it goes to as high as US$ 1254

My yesterday’s forecast again came true and the market did touch intra day high of US$ 1250. The NY closed at US$ 1237 and the Asian market today open with positive approach. SPDR holdings is again at record high which...

Yesterdays forecast of mine was too good to be true. It shattered all time high of US$ 1226 and at 3 pm NY time it stood at the highest US$ 1234 before closing of US$ 1229. Today we see support @ US$ 1226 and then it will pass...

We did see selling @US$1200 and then it goes way down US$ 1183. After getting support and fresh buying due to again uncertainity in Euro Zone it climbs back @US$ 1200. Today we see support @US$1200 and it goes uptowards US$ 1226...

EuroZone agreed to support Euro by purchasing the euro bonds. Today we see the Stocks are moving higher in Asia and Gold is declining. So now this week we see more of selling of Gold rather than buying. We see selling @US$1200...

Yesterday due to uncertainity in Euro Zone, the stocks, currencies all fell to record low in a day since 1987. Due to this people invest in Gold and the Gold reached US$1212 which is the highest since 4th December of US$ 1226....