Gold Traders Stay Away

Gold traders in India moved to the sidelines as prices consolidated in the vicinity of their highest level in three weeks.

Gold imports into India, the world's biggest buyer of the metal, fell about 81 percent in June from the previous month after the government raised import duty and stopped consignment imports.


http://www.moneycontrol.com/news/commodities/gold-traders-stay-away-as-prices-near-three-week-high_919373.html

 

Gold Correction May Have 'Already Occurred'

Market Nugget: Deutsche Bank: Majority Of Gold Correction May Have 'Already Occurred'


Deutsche Bank says much of the downward price correction in gold may have already occurred. “Lessons from history suggest that although gold price losses have been extreme, the extent of the price correction…is still some way short of the percentage declines that occurred in 1980-1,” the bank says in a weekly commodities report. “However, we would classify events over 30 years as significantly different since at that time U.S. short-term interest rates rose to 20% with real interest rates also rising rapidly. As a result, while we still view Fed policy as a strong headwind to gold returns, it is possible that the major part of the gold price correction has now already occurred.” Deutsche Bank looks for $1,350 gold in the third quarter, $1,300 in the fourth and then $1,350 again in the first quarter of 2014.


http://www.kitco.com/news/2013-07-08/kitcoNewsMarketNuggets20130708-kitco-market-nugget.html

NBC News: Obama's War on Climate Change Is a Boon for Natural Gas

NBC News: Obama's War on Climate Change Is a Boon for Natural Gas

Read Latest Breaking News from Newsmax.com http://www.moneynews.com/Economy/Obama-coal-natural-gas-Pickens/2013/07/08/id/513833#ixzz2YQcY5ATO
Urgent: Should Obamacare Be Repealed? Vote Here Now!

Chile cuts copper output and price forecasts for 2013

UPDATE 1-Chile cuts copper output and price forecasts for 2013


http://www.reuters.com/article/2013/07/08/chile-copper-cochilco-idUSL1N0FE0XM20130708

Gold Imports to INDIA, fell 80.56 percent to 31.5 tonnes

இந்தியாவின் தங்க இறக்குமதி, முந்தைய மாதத்தில் இருந்து ஜூன் மாதம் 31.5 டன்கள் 80.56 சதவீதம் சரிந்தது


http://in.reuters.com/article/2013/07/08/india-gold-imports-idINDEE96706520130708

குஜராத் தங்க இறக்குமதி 90% சரிவு

ஒரு மாதத்தில் குஜராத் தங்க இறக்குமதி 90% சரிவு - 37 தொனியில் இருந்து 3.73 தொனி

COMEX / NYMEX விடுமுறை

ஜூலை 04 2013 சுதந்திர தினம்(USA) COMEX / NYMEX விடுமுறை

Copper

Sell Copper 410.5 Sl 412.05 Target 407.5

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