MCX Advisory ( Silver Trading )

Silver Trading & Futures Price movements have been relatively stable in a price range that many would consider cheap. Most traders & investors in the Precious Metals Markets would miss out on investing in Silver and also the potential wealth creation opportunity that Silver Trading presents currently because of uncertainty and lack of constructive concrete information. The recent surge of increased investor interest in Silver Trading indicates that Silver Prices are due for a strong rebound. Investors with a long term outlook should remain patient for returns to bloom.

Quantitative Easing or Economic stimulus efforts expected to be initiated anytime now on in the U.S. & Eurozone have a very strong potential of increasing Inflation levels sharply. Silver could perform stronger and be a better investment than most of the other investment avenues available currently. Silver & Gold will always be worth more than paper commodities (Currency) because they are a physical asset and also finite in supply, but always high in demand due to their inherent preciousness value. The margins for Silver Trading have also been considerably lowered thrice this year from the high margin slabs imposed last year & this may also make Silver Trading sweeter. Silver Trading is currently seen moving in the upper boundary of its trading range of late, suggesting a Silver Prices Breakout on the upside is possible soon.

MCX Gold News

MCX Gold News :-
Both the precious metals, gold and silver, rebounded today on fresh buying by stockists and retail customers for the ongoing festive season, amid a firm global trend.

While gold surged Rs 240 to Rs 31,500 per 10 grams after losing Rs 540 in last three sessions, silver climbed by Rs 370 to Rs 60,300 per kg, after losing Rs 1470 in the previous four sessions.

Traders said the sentiment turned better on rising demand on beginning of 'Navratri', an auspicious week in Hindu mythology for purchasing new things, particularly precious metals.

Also read: Gold prices recover in India, importers retreat

They said  gold  gaining in global markets, before European Union leaders summit this week amid speculation that Spain may accept credit from a rescue fund, weakening the dollar, which rising precious metals demand.

In Singapore, gold rose by 0.3 per cent to USD 1,753.53 an ounce and silver by 0.6 per cent to USD 33.15 an ounce. On the domestic front, gold of 99.9 and 99.5 per cent purity surged by Rs 240 each to Rs 31,500 and Rs 31,300 per 10 grams, respectively, while sovereigns gained Rs 50 to Rs 25,450 per piece of eight grams.

In line with a general firming trend, silver ready shot up by Rs 370 to Rs 60,300 per kg and weekly-based delivery by Rs 350 to Rs 60,250 per kg. Silver coins too spurted by Rs 1,000 to Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces on upsurge in demand due to festive season.

MCX Advisory

MCX Advisory :-

Xstrata third quarter results showed that total nickel production for the third quarter of 2012 was in line with the prior period. The total nickel production for the first nine months of the year increased by 2% to 79,474 tonnes compared to the same period last year, driven by a 16% increase in nickel in ferronickel production from Falcondo following the restart of mining activities in February 2011 to 50% of installed capacity.

Mined mcx nickel production from Integrated MCX Nickel Operations (INO) during the third quarter was lower compared to the previous year, primarily due to the winding down of mining activities at Xstrata Nickel Australasia's Cosmos mine following our decision during the quarter to initiate a care and maintenance schedule in response to adverse market conditions. In Sudbury, mined nickel and copper production were both lower due to a planned 16-day electrical maintenance shutdown. Current run-rates at Sudbury mines indicate a strong fourth quarter.

Despite the reduction in mined output, nickel in matte production from the Sudbury smelter increased 11% in the third quarter of 2012 compared to the same period last year. This increase was achieved by drawing down existing feed inventory, and acquiring and processing additional third party feed. Copper in matte production from the smelter increased by 2%. Refined nickel production from Nikkel verk refinery in Norway remained in line with its nameplate capacity of 92,000 tonnes per year.