DAILY COMMODITY REPORT 20th SEPTEMBER 2012

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 HEADLINES
China to surpass India in Gold consumption this year: Deutsche Bank Mainland China is poised to overtake India as the world’s largest consumer of gold, said Deutsche Bank in a special report. Asian demand in particular has grown dramatically, where China is expected to become the world’s largest buyer of gold as soon as this year, the German bank added. “We would argue that China’s long-term strategy on trade and finance likely includes a definitive position on gold. Given the possibility that China’s could be the world’s largest economy in the second half of the century we expect that at some point over the longterm the RMB may be in a position to challenge the USD as the world’s reserve currency,” the German bank added.

 TRADING TIP:

Buy Copper Nov Above 459.20 TGTS-461/463 SL-457.40
 PAST PERFORMANCE

Silver climbs 211% in less than 4 years: Silver Institute The silver price has risen more than 20% since the beginning of this year and significantly, from January 2009 through September 19, 2012, the silver price has increased an astounding 211%. Factors leading to the price increase include a desire by investors to diversify their portfolios with hard assets, the diminished value of key currencies and continued global economic uncertainty, said Silver Institute in a press release.

Buy Lead Oct Above 122.90 TGTS-123.50/124.20 SL- 122.20
TARGET ACHIEVED

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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 Zinc 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 1.29 42435 0.65 781.3 4315 0.45 4540 0.23 1282 0.12

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

-0.61 -1.99 -0.46 -1.68 -0.76 113.80 0.11 457.95 -0.2 0.28 964.3 -2.66 32018 2.89 122.45

DAILY MARKET STATISTICS
1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS PEPPER

28-Sep-12 42300 42555 30-Nov-12 780.5 783.6 4309 28-Sep-12 4330 4600 4676 5-Oct-12 1251 28-Sep-12 1282

112.35 42250 42390 777.4 455 782.85 4303

Copper REF SOYA 7/19/2012 SOY BEAN Nickel 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

4265.5960

4518 4664 31945 1251 122.30 1246

Silver

5-Dec-12

64469

0.02

64480

Aluminium

28-Sep-12

115.70

-0.56

115.05

Crude Oil

19-Sep-12

5181

-4.13

4976

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 DAILYMCX GOLD CHART 

ANALYSIS
OPEN: 31990 HIGH: 32095 LOW: 31905 CLOSE: 32018

GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 64599 HIGH: 64726 LOW: 64132 CLOSE: 64480

SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS

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