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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-24 SEPTEMBER 2012

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WEEKLY COMMODITY REPORT BY EPIC RESEARCH-24 SEPTEMBER 2012 Powered By Docstoc
					                 WEEKLY COMMODITY REPORT
                    24TH SEPTEMBER 2012




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                       HEADLINES

                         Global Gold market to grow 9% CAGR to $169.7
                          bn by 2016

                          Global gold market is expected to decelerate in the
                          coming years, but is still anticipated to record a
                          compound annual growth rate (CAGR) of 9% from 2011
   TRADING TIP:          to 2016, attaining a market value of US $169.7 bn by
                          end 2016, according to a new report titled ‘Gold Market
 Sell Silver Dec          Review’ of Merchant Research & Consulting.

 Below 63277              In 2011, the global gold market revenues were
                          estimated at US $ 110.1 bn, and market production
 TGTS-62850/62100         during the period was 2, 011.3 thousand metric tones.
                          China is the world largest gold producer for the third
 SL-63790                 time in history, holding around 13% of the total market
                          share. The US follows as the second largest producer of
                          gold with 9.1% share.

Sell Gold Oct             Copper prices bearish for next week on close
                          below Rs.448'
Below 31344
                          Tracking a firming trend in other base metals on global
                          cues, zinc futures traded 1.84% higher at Rs 113.45 per
TGTS- 31210/31010
                          kg today as participants enlarged their positionsAt the
                          Multi Commodity Exchange, zinc for delivery in
SL- 31460
                          September shot up by Rs 2.05, or 1.84%, to Rs 113.45
                          per kg, with a turnover of 4,798 lots.




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                       MCX WEEKLY GOLD CHART




ANALYSIS
OPEN: 31842
HIGH: 32095
LOW: 31455
CLOSE: 31506

      GOLD LOOKS DOWNWARD
      TREND: BEARISH
      STRATEGY: SELL ON RISE




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                 MCX WEEKLY SILVER CHART




ANALYSIS
OPEN: 64120
HIGH: 64840
LOW: 63111
CLOSE: 63277

      SILVER LOOKS DOWNWARD
      TREND: BEARISH
      STRATEGY: SELL ON RISE
                        MCX WEEKLY COPPER CHART




ANALYSIS
OPEN: 456.00
HIGH: 459.30
LOW: 445.20
CLOSE: 445.40

      COPPER LOOKS DOWNWARD
      TREND: BEARISH
      STRATEGY: SELL ON RISE




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                                                   9993959693
                       MCX WEEKLY CRUDE OIL CHART




ANALYSIS
OPEN: 5362
HIGH: 5384
LOW: 4980
CLOSE: 4998

      CRUDE OIL LOOKS DOWNWARD
      TREND: BEARISH
      STRATEGY: SELL ON RISE




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