Thursday 31 July 2014

CAPITAL STROKE UPDATE 1-August-2014: MCX SILVER



SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-47000 R1-46000 S1-43000 S2-41500
Silver dropped as hopes that Friday's U.S. jobs report will come in solid chipped away at the precious metal's safe-haven appeal.

The Federal Reserve's reduced bond-buying stimulus and a better undertone in the U.S. economy decreased the metal's appeal as a hedge.

Bullion continued to slide as the dollar continued to see support from Thursday's upbeat U.S. gross domestic product report.

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