the prices of gold and all the other  commodities have fallen sharply and a positive correlation is now being seen between the equity markets and gold and silver prices which is diametrically opposite from the negative correlation that gold had with the equity markets .

as the equity markets in Europe and US rise you see gold also is  touching highs which is something that does not bode well for a trader because you are not sure which way to trade when would gold again resume its correlation with equity markets and then again would decide to go down when the markets are up is not sure 

so in these times i would say that one should stay away from gold 

crude in that sense is much better bet because its correlation with the world markets is still intact so its better to trade in crude than in gold 

with the new margin requirements now in place it seems that speculative activity is will now come down an that's the aim with which these requirements have been put in place but in whatever short time i have seen the commodity market i have seen them having that effect so there would be big movements in gold and crude watch out for them 

keep a strict stop loss and never never take a overnight position you never know which side of the trade you wake up to 

so happy trading and keep your  comments coming 

the US fed has given its announcement  and the markets have reacted to it

the long  positions in gold which were based on the possibility of a QE3 have unwinded and gold have fallen from its levels yesterday but frankly it has not fallen to level that i had expected

that would mean that gold fundamentals are still intact and it is still the currency that people would flock to when there is uncertainty and the climate looks uncertain

all the markets are down including a sharp fall in the European markets

all these are ideal conditions for gold to go up

yes gold fall when dollor is strengthing but i think that move is done and from here on gold should behave on fundamental basis

so i would advise to take  along position in gold as i think there is upside in gold that would play over the next few days 

THE GOLD MARKET IS IN AN UPTURN THE REASON IS NOT HARD TO GUESS

THE MARKET IS EXPECTING A QE3 FROM THE FED AND ALL COMMODITIES ARE RALLYING ON THAT EXPECTATION

WILL THIS CONTINUES WELL IT CAN BUT THEN GOLD IS ALREADY NEAR ITS HIGH AND TO GO ANY  FURTHER IT REQUIRES A GREAT PUSH

BUT TO FALL IT REQUIRES A LITTLE PUSH SO IF THERE IS NO QE3 THAN AND STILL THE US MARKET RALLIES GOLD CAN FALL VERY SHARPLY

SO I WONT ADVISE LONG POSITIONS ON GOLD WATCH IT IF IT COMES TO 1830 -1840 ON THE COMEX

I AM MORE COMFARTABLE AT THIS POINT TO SHORT GOLD ON RALLIES THAN BUYING IT ON DIPS

SO LETS SEE WHAT COMES OUT OF THE FED MEET 

hello friends

gold went down yesterday but today it has  recovered a bit

dolor is strengthing against all curriensies and that could be one reason for the rise in gold

but European markets are strong and are gaining momentum

the US futures are also pointing to positive start

if the US  market  opens in an uptrend and Europe continues its upward momentum we can see gold coming off somewhat

so i would advise to go short on gold for 200 -300 point profit on the mcx

regards
vishal arora 

hi friends this is first time that i am writing on commodity trading i have been following gold and crude i am sharing my views so hope you like it

the European markets have opened with deep red and seems like that there are new concerns on the banking sector which is keeping the markets down

downward bias in Europe mean that gold is going up but whatever move that had to come down from this opening has come and now the markets would wait for the ques from the american market

the futures are  pointing downwards but remember they are not good indicator  as they change very fast and are not a reliable indicator as to how the US markets are  going to open

if Europe slide further from here you can see a uptick on gold prices but remember gold is trading at around 28200  on the mcx gold has sided from the 283300 to 28400 level every time that it has gone there so unless and until there is major down slide i don't see prices going up much but if the US markets recover you can see gold going down fast

so basically its a shorting opportunity if gold reaches 28400 and thereabouts

well my first views on gold hope somebody finds it useful

and yes if you read my blog do write some comment on whether you like it or not 

this is my new blog  in this i would focus on commodity trading especially gold and crude i write a lot on blogs basically it helps me in summarizing my thoughts and gathering my thoughts sharing this means that anyone else with a view can put forth their views .

but whatever i write should be taken with a large dose of salt as i am not an expert i juts try to put forward what i know hopefully it is useful for someone