DAILY MCX NEWSLETTER

24-DEC. -2013

THE EQUICOM PROFIT UPDATE: PLEASE CLOSE YOUR POSITION IN COPPER, OUR SL TRIGGERED www.TheEquicom.com 09200009266

www.TheEquicom.com +919200009266 1

BULLION

BASE METAL

ENERGY

The best time to buy gold is when the market hates it, especially when it comes to junior explorers with market caps under $1 billion, asserts Ralph Aldis, senior mining analyst with U.S. Global Investors. In this interview with The Gold Report, Aldis shares his main modeling themes and companies that fit the bill. He also explains the win-win-win advantages of flow-through stock issuance, a technique allowed by some noteworthy Canadian provinces. The Gold Report: At the New Orleans investment conference, U.S. Global Investors CEO Frank Holmes reminded investors that gold is not a means to get rich quick, but should act as a diversifier in a portfolio, a form of insurance. Do you have to remind investors of that? Ralph Aldis: We do. We always stress that no more than 10% of a portfolio should be exposed to precious metals. Given gold's poor performance in the last two or more years, the trend has been to chase the market and the S&P 500. This is exactly when investors should be using gold plays to diversify and provide a bit of insurance. If they made good money in the market, they could take 5% or 10% off the table and deploy it in gold plays.

India apex industry body ASSOCHAM has urged the country's central government to impose 30 percent export duty on iron ore pellets, fines and lumps with immediate effect to discourage circumvention of export duty and increase iron ore availability for domestic steel industry. “The iron ore production in India has plummeted significantly by 14 per cent to 70 million tones (mt) in the first half (H1) of 2013-14 from the level of 82 mt in the corresponding period last year,” said The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in a communication addressed to the union finance minister, P. Chidambaram. “The rampant exports of iron ore from India have made it a rare commodity for the domestic iron and steel industry as exports of iron ore surged by a whopping 129 per cent to 5.33 mt in the second quarter (Q2) of the ongoing financial year 2013-14 from 2.33 mt in the first quarter (Q1),” said ASSOCHAM. “Ironically, while the domestic iron and steel industry is facing severe shortage of iron ore and is operating at very low capacity utilization, at the same time the exports of iron ore are registering a triple digit growth on sequential quarter basis.”

Libya’s eastern crude oil terminals failed to reopen this past Sunday, underscoring some of the key challenges in restoring crude oil output to pre-war levels on a consistent basis in 2014. As long as the core grievances of the east remain unaddressed and the security services weak, Libyan exports will remain at risk, said London based Barclays in its latest weekly market report. Talks between Prime Minister Ali Zeidan’s government and Ibrahim Jathran – the former head of the Petroleum Facility Guard whose forces seized the Ras Lanuf, Zueitina and ElSider ports over the summer – reportedly foundered over Tripoli’s refusal to give the eastern region a larger share of the oil revenue and greater control over the energy sector, the bank noted. As long as the core grievances of the east remain unaddressed and the security services weak, Libyan exports will remain at risk, in Barclays view. The United States and several European countries have initiated training programs to help build up the capabilities of the Libyan army and the police force, but it will likely take some time for those security gains to be realized, Barclays said.

www.TheEquicom.com +919200009266 2

BULLION
GOLD (5 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -CONSOLIDATE : - 28550, 28750 : - 28150, 28000 : - SELL ON HIGH

SILVER (5 MAR.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 44250, 44600 : - 43550, 43100 : - SELL ON HIGH HIGH

www.TheEquicom.com +919200009266 3

ENERGY
CRUDEOIL (20 JAN.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 6200, 6250 : - 6120, 6060 : - SELL ON HIGH

NATURAL GAS (26 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : -BULLISH : - 281.00, 284.50 : - 273.50, 270.00 : - BUY ON DIPS

www.TheEquicom.com +919200009266 4

BASE METAL

COPPER (28 FEB.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : -461.50, 465.50 : - 455.00, 450.00 : - SELL ON HIGH

LEAD (31 DEC.)

OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 137.50, 138.50 : - 135.00, 133.00 : - SELL ON HIGH

www.TheEquicom.com +919200009266 5

ZINC (31 DEC.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 129.00, 130.50 : - 125.50, 123.00 : - SELL ON HIGH

ALUMINUM (31 DEC.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 108.00, 109.00 : - 105.00, 104.00 : - SELL ON HIGH

NICKEL (31 DEC.)
OUTLOOK:
TREND RESISTANCE SUPPORT STRATEGY : - CONSOLIDATE : - 888.00, 896.00 : - 875.50, 869.00 : - SELL ON HIGH

www.TheEquicom.com +919200009266 6

GOLD SILVER COPPER CRUDE OIL NATURAL GAS PALLADIUM PLATINUM

1198.72 19.354 03.313 98.66 04.472 694.20 1326.20

USDINR EURUSD USDJPY USDCHF GBPUSD USDCAD

61.9000 01.3682 104.342 00.8947 01.6352 01.0629

www.TheEquicom.com +919200009266 7

www.TheEquicom.com +919200009266 8

DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. TheEquicom does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

www.TheEquicom.com +919200009266 9