Friday, December 17, 2010

Free Intraday Stock Trading Tips

Sure Shot Gold Tips:
Gold retreated to trade below $910 as strong dollar reduced the demand for the yellow metal. The dollar index gained as much as 0.7 percent on safe haven buying in the dollar and US treasuries, which reduced gold’s appeal as an inflation hedge. Asian markets fell and the benchmark MSCI Asia Pacific Index was little changed at 100.65 levels.

Assets in the SPDR Gold Trust were unchanged for the second day at 1,109.81 metric tons on July 09. India gold futures edged lower on Friday weighed by a strong rupee locally, making the imported yellow metal cheaper. The Indian rupee extended gains for a second day on Friday as domestic stock markets rose and investors waiting for quarterly earnings of companies for cues on economic outlook.

Sure Shot Crude oil Tips:
Crude oil declined more than 1 percent to trade below $60 a barrel on prolonged concern of global recession and strong dollar. Crude oil is on course to end the week down 11 percent and its longest weekly fall since late January. The IEA monthly report, which is released today have estimated that oil demand to rebound 1.7% in 2010 after 2 yr decline and also raises 2009 oil demand estimates by 430,000. Royal Dutch Shell Plc said on Thursday it was conducting a strategic review of its Montreal East refinery, which may lead to a closure or sale as the
industry struggles with weak profit margins. Nymex July month contract was trading at $60.09 losing more than 0.58 percent. Crude oil mcx July contract was trading at Rs 2941 gaining more than 0.51 percent.

Sure Shot Base Metals Tips:
Copper futures fell down nearly 1 percent on weak demand and strong dollar reducing the appeal for the metal. Shanghai copper retreated more than 1 percent gains after the Chinese exports figures fell for an eight-month in the row. Chinese overseas sales dropped 21.4 in June from a year earlier. LME copper inventories fell by 3400 metric ton and LME’s trading volume increased 1.8 percent in the first half of the year.
Copper mcx Aug month contract was trading at Rs 238.80 losing nearly 0.78 percent. All the other base metals trading in the MCX lost nearly 1 percent except Aluminium, which lost only 0.5 percent.

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