Sunday 22 June 2014

CAPITAL STROKE UPDATE 23-June-2014 : MCX SILVER



SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47500 R1-46000 S1-43000
S2-41500
Silver settled up lifted by technical buying and as stronger copper prices lifted the grey metal's industrial appeal.
Lower US 2014 growth forecast by Fed and lingering geopolitical tensions in Iraq rekindled investors' interest in bullion.

Fed left benchmark interest rates unchanged at 0.00-0.25% and cut its monthly bond-buying program to $35 billion.

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