WEEKLY COMMODITY REPORT BY EPIC RESEARCH-24 SEPTEMBER 2012
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WEEKLY COMMODITY REPORT 24TH SEPTEMBER 2012 WWW.EPICRESEARCH.CO 9752199966 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. WWW.EPICRESEARCH.CO 9752199966 MCX WEEKLY GOLD CHART ANALYSIS OPEN: 31842 HIGH: 32095 LOW: 31455 CLOSE: 31506 GOLD LOOKS DOWNWARD TREND: BEARISH STRATEGY: SELL ON RISE WWW.EPICRESEARCH.CO 9752199966 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 WWW.EPICRESEARCH.CO WWW.EPICRESEARCH.CO 9752199966 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 www.epicresearch.co 9752199966 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. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research 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 epic research 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 equity & bullion 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 epic research 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.