GOLD SPECIAL REPORT

 GOLD OUT LOOK 2011-12

Gold has nothing much positive going for it. US not seeing even contraction activity forget about recession. ISM manufacturing Index for August came at 50.6 much much better than expectation of contraction activity. August suppose to be the worst performing month for US due to US debt downgrade but no much impact.

Also, look at the production level of Gold, the supply for Gold is quite strong & outpaces demand in fact, this is due to much better prices manufacturers are getting at this level.

Libya crisis is done.

Look at Platinum supposed to be costliest precious metal now almost close to gold prices. platinum used to be almost 3 times costlier than Gold. So see Gold coming down to below USD 1100 an ounce in some years.

After yesterdays data ..today job claims data will be a key factor and pull trigger..

WE EXPECT GOLD TO TEST $850 - $950 within 2014 ...IF TAKES SUPPORT THERE ..ALONG WITH THAT ECONOMIC CONDITION SUPPORTS GOLD PRICE @ THOSE LEVELS..THEN WE SHALL BE HEADING TOWARDS $4000 IN LONG RUN... IN THE NEAR TERM THOUGH GOLD IS TARGETING $2350..THAT WILL BE INTACT ONLY IF GOLD PRICES CORRECT TILL 1670 OR 1630 LEVELS..IF IT MOVES HIGHER FROM CURRENT LEVELS 1800 WITHOUT CORRECTING.. THEN THE UPSIDE WILL BE SHORT LIVED & GOLD WILL TAKE A TURN TOWARDS SOUTHWARD DIRECTION FROM 1990$/$2042

IN THE NEXT TRADING WEEK IF SILVER TESTS 45.06 AND GOLD IS TRADING @ 1903 TO 1916 LEVELS THEN TRADERS SHOULD BE VERY CAUTIOUS WITH THEIR LONG POSITIONS AS GOLD PRICES ARE LIKELY TO CORRECT FROM 1916(VERY CRUCIAL LEVEL)

                            

                                                         NEAR TERM OUT LOOK

AS SAID EARLIER GOLD IF BREAKS 1856 THEN UPSIDE TGT 1882 AND ABOVE 1886 ITS ALL SET FOR A NEW HIGH 1916 (VERY CRUCIAL LEVEL) TAKEN OUT THEN1990/2042(POSITIONAL BASIS)

GOLD IS TRADING IN A VERY TIGHT RANGE AND ABOVE 1800$ DUE TO SENTIMENTS,,IF AT ALL GOLD BREAKS OUT 1882-1886 BEFORE FILLING THE GAP @ 1670 THEN UPSIDE IS SHORT LIVED AND ONCE AGAIN IT TURNS NEGATIVE FROM 1916/1990/2042$..1670/1630/1580 IS ACHIEVED BEFORE MAKING A N EW HIGH THEN NOTHING CAN STOP GOLD TILL 2350$

                                             WWW.ADVISORYBAZAAR.COM

                                                             07275311503