DAILY COMMODITY REPORT 17TH JANUARY 2013

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 HEADLINES

Bull run in gold prices to continue. Investment demand is set to drive gold in the first half of the current calendar year, on loose monetary policies and burgeoning sovereign debt across global

TRADING TIP:

economies. in its latest Gold Survey 2012, forecast average gold price to rise to $1,800 an oz for the first half-year ending June 2013. According to Kitco.com, the forecast consists of a 6.7 per cent rise from the $1,686.85 an oz average recorded in the second half of 2012 and of a nine per cent rise from $1,650.80 an oz recorded in the comparable period last year. Global broking firms, including Barclays Capital, have already forecast gold to hit $1,900 an oz this year on strong investment demand. Base metals close mostly lower. BASE metals have closed mostly lower on the London Metal Exchange (LME), pressured by fresh concerns over global growth, and expected to remain relatively directionless until key economic data are released from China, LME three-month copper was 0.6 per cent lower at $US7,946/ton. Tin held up the best, ending the session 0.5 per cent higher at $US24,995/ton.

Sell Zinc Jan Below 107.50 TGTS-106.80/105 SL-108.50

Sell Nickel Jan Below 950.50 TGTS-942/935 SL-958

Weak Chinese direct foreign investment data combined WWW.EPICRESEARCH.CO with a cut to the World Bank's global economic growth +91 9752199966 forecasts to damp sentiment toward industrial metals Wednesday, said analysts and traders.

PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 0.37 42435 -0.49 781.3 4315 0.44 4540 0.07 1282 -0.80

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 5150.00 0.11 953.20 -0.2 0.28 59718.00 -2.66 30892.00 2.89 124.10

DAILY MARKET STATISTICS

1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS

Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

21-Jan-13 42300 42555 31-Jan-13 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Feb-13 1251 31-Jan-13 1282

5131.00 42250 42390 957.90 777.4 782.85 4265.5 59459.00 4303 4518 4664 30869.00 1251 124.10 1246

Zinc

31-Jan-13

108.60

-0.51

108.05

Copper

28-Feb-13

441.30

-0.61

438.60

Aluminium

31-Jan-13

111.15

-0.31

110.80

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 DAILY MCX GOLD CHART

ANALYSIS
OPEN: 30897 HIGH: 30934 LOW: 30821 CLOSE: 30892

GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 59584 HIGH: 58787 LOW: 59174 CLOSE: 59718

SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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