Wednesday 4 June 2014

CAPITAL STROKE UPDATE 5-June-2014 : MCX SILVER




SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-42500 R1-41000 S1-38000 S2-36500
Silver settled flat as prices faced a risk of more losses if the European Central Bank meets expectations to cut ratesPayroll processing firm ADP said non-farm private employment rose by 179,000 in May, below expectations for an increase of 210,000.
ECB is widely expected to cut all of its interest rates, which would push the deposit rate into negative territory for the first time.

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