The commodity prices in India are not allowing traders to make much money because of the rupee

It is very difficult to go short on gold, silver, crude and any other commodity which is influenced by currency fluctuation because you don’t know what effect is the slide on rupee going to have an impact

So if silver is down 4 % in the international market it is only down 1% in the Indian market so it becomes very difficult to take short position

My view that the commodities are going to go down from here remains intact one can expect further downside in the European market and consequently one can expect commodities to go down

But as i said rupee has spoiled the party and one cannot expect much gain because of that

So i would not advise you to go short as of now, you need big slide in the commodities market to have effect on their prices in India otherwise there is always a chance of getting trapped

So let’s wait and watch as to how the rupee behaves and how the European situation shapes up

But internationally the trend is down but how much of that translates in Indian terms depends on the rupee