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COMEX-REPORT-DAILY BY EPIC RESEARCH 1 FEBRUARY 2013

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COMEX-REPORT-DAILY BY EPIC RESEARCH 1 FEBRUARY 2013 Powered By Docstoc
					COMEX
    REPORT



  REPORT
    1 FEBRUARY 2013
     ST
              NEWS RADAR
Gold futures climbed sharply higher in the US on Wednesday after a
report showed that the country’s advance GDP contracted by 0.1
percent in the fourth quarter, the first drop since 2009.Gold for April
delivery on the Comex division of the New York Mercantile
Exchange was last up $17.80 at $1,680.50 per ounce, which is
about $14 higher than before the GDP figure was announced.“This
number is really shocking – it’s a huge disappointment considering
the massive stock rally that we’ve seen over the past couple weeks.
I guess it’s safe to say that economy isn’t quite as strong and the
some equity bulls would lead you to believe,” a US-based gold
trader said.Gold's gains on Tuesday came as "the market grew
more optimistic that the Fed would stay the course," Standard Bank
analyst Marc Ground said in a note.The most actively traded
contract, for February delivery, was recently up $10.30, or 0.6%, at
$1,663.20 a troy ounce on the Comex division of the New York
Mercantile Exchange.



     TRADING TIPS                            EXPERT OPINION
                                          GOLD LOOKS BEARISH
   SELL GOLD BELOW 1673 TGS              SILVER LOOKS BULLISH
     1667/1661 SL 1679                    CRUDE LOOKS BEARISH

   BUY SILVER ABOVE 32.10                  COPPER LOOKS BEARISH
     TGS 32.35/32.60 SL 31.85             NGAS LOOKS BEARISH
   SELL COPPER BELOW 3.7250              LEAD LOOKS BEARISH
     TGS 3.7050/3.6850 SL                 NICKEL LOOKS BEARISH
     3.7450                               ALUMINIUM LOOKS BEARISH
   SELL CRUDE BELOW 97.30                ZINC LOOKS BEARISH
     TGS 96.90/96.50 SL 97.70
          GOLD HOURLY CHART




S1            S2              R1             R2
1669         1663            1681           1687


       GOLD LOOKS BEARISH ,SELL AROUND 1673.00
       LEVEL IS SUGGESTED AND RECOMMENDED TO
          BOOK PROFIT NEAR 1667.00 LEVEL AND
                MAINTAINING SL OF 1680.00
             SILVER HOURLY CHART




 S1                S2              R1               R2
31.70            31.40            32.30           32.60




        SILVER LOOKS BULLISH ,SELL AROUND 32.10 LEVEL
          IS SUGGESTED AND RECOMMENDED TO BOOK
         PROFIT NEAR 32.35 LEVEL AND MAINTAINING SL
                           OF 31.85
         COPPER HOURLY CHART




 S1            S2             R1              R2
3.7215      3.7015          3.7615          3.7815



         COPPER LOOKS BEARISH ,SELL AROUND 3.7250
         LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 3.7050 LEVEL AND
                   MAINTAINING SL OF 3.7450
        CRUDE OIL HOURLY CHART




 S1           S2              R1             R2
97.30        96.90           98.10          98.50


         CRUDE LOOKS BEARISH ,SELL AROUND 97.30
        LEVEL IS SUGGESTED AND RECOMMENDED TO
            BOOK PROFIT NEAR 96.90 LEVEL AND
                  MAINTAINING SL OF 97.70
                     MARKET STATISTICS

               OPEN            HIGH            LOW           CLOSE
  GOLD        1663.73          1683.66        1662.57        1657.63

 SILVER           31.35         32.26          31.22          32.01
 CRUDE            97.34         98.22          97.32          97.99

 COPPER        3.6790          3.7440          3.6723         3.7360

  NGAS            3.256         3.339          3.256          3.333

ALUMINIUM     2061.13          2107.76        2059.63        2098.01

  LEAD        2407.25          2456.38        2404.63        2443.88
 NICKEL       17855.00        18381.00        17807.50       18328.00


                   ECONOMIC CALENDAR


 DATE     CURRENCY                                       FORECAST     PREVIO
                                                                        US
 Feb 1      GBP                Manufacturing PMI           51.0         51.4
 Feb 1      USD           Non-Farm Employment Change       161K        155K
 Feb 1      USD              Unemployment Claims           7.8%        7.8%
 Feb 1      USD             ISM Manufacturing PMI         50.8          50.7
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