Gold & Silver Update

Dear Friends




Gold & Silver are trading in a small range for past two days.. 


Today expect high volatility & Profit booking may be seen by evening session..


Gold resistance seen @ 1256$ Silver @ 19.7-8$


Expecting 1245-35$ in gold &  19.2-3$ in silver.






Happy Trading :)


Jai Jinendra!!

US Jobless Claims Data Update

Initial jobless claims fell by 6,000 to 472,000 in the week ended Aug. 28, in line with the median forecast ---Productivity in U.S. Falls More Than First Estimated, Labor Costs Increase. The measure of employee output per hour dropped at a 1.8% annual rate, twice the 0.9% decrease initially calculated & the biggest decline in almost 4 years. Unit labor costs were projected to rise 1.2%.

ECB Update

ECB kept interest rates at a record low today and President Trichet may signal the bank will stay in crisis mode into next year. ECB will probably raise its growth forecasts today after Europe's economy expanded at the fastest pace in four years in the second quarter.