Saturday, August 15, 2009

Review: Commodity and Bullion Predictions Aug 10-14

1. Gold: likely to rise after a mid week correction ( International market)
Gold hit a low of $940 approx on wednesday before rising to about $ 957 on intra day basis ( edited -but declined ot $947 towards end of day on aug 14)

2. Silver: Gain likely after a correction and overall for the week

Silver followed gold trend for week and went above Rs 15000.(on intra day basis but declined to lower levels-possibly lower than last week's closing by end of the day-edited)

3. Black Pepper ( on NCDEX) short futures as Black Pepper is likely to correct till mid week at least
Black pepper after gain of Rs 600 on monday crashed till thursday losing more than rs 1000


4. Turmeric( on NCDEX): Gain likely in beginning of week and overall for the week
Turmeric gained on most days stratinmg Monday and went over Rs 8000 before closing about Rs 7600- net gain for the week

disclaimer: These category of predictons are not tested over large sample and also use a highly truncated prediction model using tarot cards( unlike stock market predictions)

 
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