Chintan Karnani

Chintan Karnani Articles

Price of all gold, silver and copper hinges on US economic data releases (other than jobs) and various US September jobs numbers. A slightly better number has already been factored in by the traders. There will be massive short covering...
In the short term expectations of higher interest rates next year and reduced money supply next year has resulted in increase in bearish bets in gold.
Irrespective of whether “taper” is early or later, I will prefer to use the September crash (if any) in gold to invest for Diwali and Christmas. Normalization (maskless world) after the booster dose of the coronavirus vaccine will be the...
Overall gold, silver, and copper are trading in a range. Apart from the central bankers meeting at Jackson Hole, there is US Q2 GDP and Q2 real consumer spending. There will be very sharp two-way price moves in all metals and forex. Crude...
The last two weeks of the American summer vacation will be full of twist and turns. Twist in gold, silver, copper and crude oil have already been faced in the form of August crashes. Except for natural gas, every metal has sold off in...
Another Federal Reserve speaker speaks to manipulate gold price and bring it down. Boston Federal Reserve Bank President Eric Rosengren said yesterday that one more month of strong job gains could satisfy the U.S. central bank’s...
Metals are volatile over renewed fears of new variants of covid. Some traders are sitting on cash or exiting quickly on their trades on the uncertain economic impact of covid. Gold is firm and copper and crude oil sold off yesterday due to...
Let’s talk gold. The Federal Reserve meeting will be over today. Gold price has risen this quarter on the back of rising inflation and very high probability of sustained hyper-inflation. A weaker US dollar Index. Bond yield forming a long...
Price moves in all-metal futures will be two-way. Reasons are (a) Gold June's future expiry. (b) Base metals futures expiry. (c) US first-quarter GDP number of Thursday can reverse the current trend of precious metals and base metals. (d)...
Sell off in bitcoin and crypto currencies suggest gold and silver will now be able to break past key resistances of $1878 and $28.00. There will be a very quick rise on a break of these resistances.
Nearly 40 percent of all gold ever mined was recovered from South African rocks.

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