1. WEEKLY COMMODITY REPORT
22TH OCTOBER 2012
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2.  HEADLINES
Copper concentrate demand from China
reportedly strong.
LME week in London has framed the backdrop for the
base metals complex. While prices across the complex
generally softened ahead the annual jamboree last
 TRADING TIP: week, trading in and around the meetings has been
generally range-bound. This reflects to some extent the
Sell Silver Oct sentiment we have noted at the majority of meetings;
namely, a lack of conviction based on uncertainty about
Below 59600 the economic outlook and, in particular about how
growth conditions in China, as well as domestic metal
TGTS-59300/59000 markets, are set to evolve. However, it would be wrong,
in our view, to characterize the feedback from market
SL-59892 participants as bearish.
US Gold, Silver production falls, rising demand
pushes up industry revenues.
Sell Aluminium Oct US gold and silver production is declining having
reached the lowest point in almost 20 years in 2011. But
Below 105.50 the industry is happy having achieved high revenues in
the past five years to 2012 as rising global demand and
TGTS-104/102 higher prices make mining more attractive, according
to a report by IBIS +World titled Gold and Silver Ore
SL- 106.40 Mining in the US industry release of the weekly storage
report. The storage injection for the week in reference
narrowed the storage overhang over last year’s level to
228 Bcf,
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3. MCX WEEKLY GOLD CHART
ANALYSIS
OPEN: 31251
HIGH: 31438
LOW: 30862
CLOSE: 31287
GOLD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
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4. MCX WEEKLY SILVER CHART
ANALYSIS
OPEN: 61066
HIGH: 61066
LOW: 59623
CLOSE: 59841
SILVER LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE

5. MCX WEEKLY COPPER CHART
ANALYSIS
OPEN: 434.20
HIGH: 444.40
LOW: 432.15
CLOSE: 435.05
COPPER LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
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6. MCX WEEKLY CRUDE OIL CHART
ANALYSIS
OPEN: 4855
HIGH: 4999
LOW: 4785
CLOSE: 4914
CRUDE OIL LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
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7. COMEX WEEKLY SILVER CHART
ANALYSIS
OPEN: 33.39
HIGH: 33.39
LOW: 31.91
CLOSE: 32.05
COMEX SILVER LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
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8. COMEX WEEKLY GOLD CHART
ANALYSIS
OPEN: 1752.65
HIGH: 1753.28
LOW: 1716.13
CLOSE: 1721.34
COMEX GOLD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
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