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Saturday, 22 September 2018


BULLION:-

Gold prices edged up on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, keeping the yellow metal on track for its first weekly gain in four. "Higher gold prices are due to the fact that China-U.S. trade tensions have somewhat dissipated," OCBC analyst Barnabas Gan said. "Right now we have to tread very carefully on gold as any uptick in trade tension is bearish. U.S. tariffs should actually improve trade balance in the U.S and should give more strength to the dollar and push gold prices down." New U.S. and Chinese tariffs on each other's goods were set at lower rates this week than previously expected, raising hopes that hostilities between the world's two largest economies may be easing.

ENERGY:-

Oil prices rose on Friday ahead of a meeting of OPEC and other large crude exporters that will focus on production increases as U.S. sanctions restrict Iranian exports. OPEC and its allies are scheduled to gather in Algeria on Sunday to discuss how to allocate higher supply to offset the shortage of Iranian supplies. Brent is close to four-year highs, trading just below $80 a barrel, as investors bet that the Organization of the Petroleum Exporting Countries will be unable to compensate fully for the loss of oil from Iran, OPEC's third-biggest producer. But the meeting on Sunday is unlikely to be able to change production policy. Such a move would require OPEC to hold what it calls an "extraordinary meeting", which is not on the agenda. President Donald Trump increased pressure on OPEC on Thursday, calling on the organisation to "get prices down now!"



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Thursday, 20 September 2018



BULLION:-

Gold prices edged higher on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, with the yellow metal heading for its first weekly gain in four. Spot gold inched up 0.2 percent to $1,209.38, after touching its highest since Sept. 13 at $1,210.01. It has risen 1.3 percent so far this week. U.S. gold futures were up 0.3 percent at $1,214.30 an ounce. Investors are awaiting next week’s Federal Reserve meeting. The U.S. central bank is widely expected to raise benchmark interest rates and shed light on the path for future rate hikes. All 113 economists in the Reuters poll forecast the Fed would raise rates when it meets Sept. 25-26. It is expected to follow that up with one more before the end of this year, taking the fed funds rate to 2.25-2.50 percent. Higher rates dent demand for non-interest yielding gold and in turn boost the dollar in which it is priced. The dollar index was hovering near a ten-week low against a basket of major currencies. The dollar fell as resurgence in global risk appetite curbed safe-haven demand for the greenback. The U.S. economy will expand at a robust pace in coming quarters but slow to 2 percent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with China was bad economic policy.

METALS:-

London copper rose on Friday and was on track to post its biggest weekly advance in four weeks as investors viewed that trade tariffs would have a softer impact to global growth than earlier feared. London Metal Exchange copper rose 1 percent to $6,140 a tonne, up nearly 3 percent this week and close to its highest in more than one month. Shanghai Futures Exchange copper edged up 0.1 percent to 49,510 yuan ($7,235) a tonne. The Shanghai Futures Exchange will be closed on Monday for the mid-autumn festival. The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the Sino-U.S. trade conflict would be less damaging to global growth than initially feared.  

ENERGY:-

Oil prices eased on Friday, pulling back after U.S. President Donald Trump urged OPEC to increase production at its meeting in Algeria, and slowing bullish momentum that had previously propelled the market toward four-year highs. Brent crude oil settled down 78 cents at $78.70 a barrel. U.S. light crude was down 32 cents to settle at $70.80 a barrel after rising nearly 2 percent on Wednesday. Global benchmark Brent has been trading just below $80 a barrel, near its highest level in almost four years, on expectations that U.S. sanctions against Iran, OPEC’s third biggest producer, will reduce global supply. Trump has imposed sanctions in response to Iran’s nuclear program that are to go into full effect on Nov. 4. Many buyers have already cut Iranian purchases ahead of the new regulations. It is unclear whether producers such as Saudi Arabia, Iraq and Russia can compensate for lost supply.  



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.


Investors are disillusioned with Gold ETFs. In the first 5 months of the financial year 2018-19, investor has invested Rs 241 crore from Gold Exchange-traded funds (Gold ETFs), while in August, the fund has withdrawn Rs 45 crore. The investment has increased.

5 months Gold Funds AUM Rs 4445 Crore Minus

According to the figures released by the Association of Mutual Fund of India (AMFI), the assets of gold funds under the Financial Institutions (AUM) 7.5 percent in the first 5 months of FY 2018-19. By the end of August, the AUM has decreased by Rs 4,445 crore.
Gold ETFs are getting out of money in the past five years. However, in 2012-13, the fund had an investment of Rs 1,414 crore.

Investing in equities in place of gold in the stock market rally

According to industry experts, Indian investors have been disillusioned with Gold ETFs with better returns in the stock market. That's why money is being released from the Gold Fund for the last 5 years. Morningstar manager research director Kaushutha Belapurkar says that Indian investors prefer to buy gold in physical form instead of ETFs. Typically, investing 5-10% of the investor's portfolio is invested in gold. This is the reason why investors are investing in equity rather than investing in gold and elsewhere.
Look at the statistics
The advantage or loss in gold ETFs depends on the price of gold in the market. According to the data, 14 gold linked ETFs have been withdrawn from 45 crores in August, while in July this fund had generated 50 crores. In August last year, gold ETF was withdrawn from Rs 58 crores.

Increasing investment in tax saving schemes
On the contrary, money is being levied by Gold ETF, while investment in equity and equity linked schemes (ELSS) is increasing rapidly. Last month, the fund had invested Rs 7,700 crore.


Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Tuesday, 18 September 2018


BULLION:-

Gold The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 per cent. China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of US products to its import tariff list in retaliation for President Donald Trump's planned levies on $200 billion worth of Chinese goods. Asian stocks rose and US Treasury yields hovered near four-month highs on Wednesday, as investors looked past the latest escalation in the US-China trade conflict, seen by some market participants as less severe than expected. The US Senate voted overwhelmingly on Tuesday to pass a mammoth spending package including $675 billion for the Defense Department and a measure to keep the entire federal government open until Dec. 7, a step toward avoiding a Sept. 30 shutdown. 

METALS:-

London copper led the gains overnight and settled 2.36% higher at $6,091/mt when eased market worries buoyed most base metals. It broke resistance at the 40-day moving average as shorts exited, and may test pressure above at the 60-day moving average in the short run. The SHFE 1811 contract also closed higher at 49,610 yuan/mt after rising to a high of 49,730 yuan/mt. Spot premiums will remain firm at 250-310 yuan/mt today.   Both LME nickel and the SHFE 1811 contract closed slightly higher as investors reduced concerns over the China-US trade war. Fresh US tariffs imposed on Chinese goods are expected to cause limited impact on the downstream stainless steel sector as China barely exports such products to the US. We expect LME nickel to consolidate around $12,300/mt today with the 1811 contract trading at 101,500-103,000 yuan/mt. Spot prices are set at 101,500-108,000 yuan/mt today. 

ENERGY:-

Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in U.S. crude stockpiles. U.S. West Texas Intermediate (WTI) crude CLc1 fell 0.20 percent, or 14 cents, to $69.71 a barrel. U.S. crude inventories rose by 1.2 million barrels to 397.1 million in the week to Sept. 14, according to data released on Tuesday by the American Petroleum Institute (API). That compared with analyst expectations for a decrease of 2.7 million barrels. Stockpiles of distillate fuels, which include diesel and heating oil, rose by 1.5 million barrels, the API data showed, compared with expectations for a 651,000-barrel gain. U.S. crude build temporarily grabbed trader attention," said Chen Kai, head of commodities research at broker Shengda Futures.



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.



Monday, 17 September 2018



BULLION:-

Gold prices have declined over 12 per cent from April amid intensifying global trade tensions and under pressure from rising US interest rates. Hedge funds and speculators have swung sharply toward pricing in higher rates and yields at the short end of the curve, a sign that they are backing down and now think the Fed will stick to the pace and path of rate hikes it has long flagged. Bond traders are increasing bets the Federal Reserve will raise US short-term interest rates into 2019 as the jobs market tightens and with inflation seen climbing above its 2 per cent goal. Three South African unions have signed a three-year wage deal with AngloGold Ashanti, potentially inching the country's gold industry closer to ending a standoff over pay. 

METALS:-

LME copper opened at a low of $5,858/mt today as shorts surged on news that the US is on the cusp of implementing tariffs of 10% on $200 billion worth of Chinese goods. Spot premiums are expected to stay at highs on expectations of rising demand before the upcoming week-long National Day holiday. Premiums are set at 190-250 yuan/mt today. LME nickel faced resistance at the five- and 10- day moving averages overnight, and settled 1.13% lower, even though pressure from the US dollar eased. The SHFE 1811 contract also fell as spot products increased faster than demand amid opened import window. We expect LME nickel to hover around $12,300/mt today with the contract trading at 101,000-102,500 yuan/mt. Spot prices are set at 102,000-108,500 yuan/mt. 

ENERGY:-

  Oil markets fell on Tuesday as the latest escalation in the Sino-U.S. trade war clouded the outlook for crude demand from the two countries, which are the world's top two oil consumers. U.S. West Texas Intermediate (WTI) crude CLc1 was down 28 cents, or 0.4 percent, to $68.62 per barrel. U.S. President Donald Trump on Monday said he would impose 10 percent tariffs on about $200 billion worth of Chinese imports. growing trade dispute has hurt trading sentiment. The impact on economic growth is slowly dripping in, which again hurts oil prices," Wang Xiao, head of crude research at Guotai Junan Futures, said on Tuesday. Refineries in the United States consumed about 17.7 million barrels per day (bpd) of crude oil last week while China's refiners used about 11.8 million bpd in August, according to government data from the countries, the most among the world's countries.



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Sunday, 16 September 2018



BULLION:-

Gold prices were little changed in the morning session, after falling 0.6 percent in the previous session, as investors remained cautious on reports that the United States is set impose a new round of tariffs on Chinese imports. U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters. The tariff level will probably be about 10 percent, the Wall Street Journal reported, below the 25 percent the administration had said it was considering. The WSJ also reported Beijing may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with the tariffs. The dollar index was firm at 94.951, having bounced from over six-week lows of 94.359 hit last week. Gold prices have declined about 12.6 percent from April amid intensifying global trade tensions and under pressure from rising U.S. interest rates. The months-long trade rift between Washington and Beijing has prompted investors to buy the U.S. dollar in the belief that the United States has less to lose from the dispute.  

METALS:-

Base metals prices fell sharply in the morning session on reports that U.S. tariffs on $200 billion of Chinese goods could be imposed immediately. The tit-for tat trade row between the world's top two economies has left investors fearing that demand for industrial metals will soften. Three-month copper on the London Metal Exchange fell as much as 1.9 percent to $5,861.50 a tonne and stood at $5,890 a tonne at the time of writing, after shedding 1.4 percent on Friday. The most-traded November copper contract on the Shanghai Futures Exchange slipped 1.4 percent to 47,940 yuan ($6,977.86) a tonne. U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday. LME nickel fell furthest, tumbling as much as 3.2 percent overnight to $12,250 a tonne, its lowest since Sept. 12, before trimming losses to around 2 percent.  

ENERGY:-

Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran. Brent crude oil futures dipped 16 cents, or 0.2 percent to $77.93 a barrel at the time of writing. U.S. West Texas Intermediate (WTI) futures fell 20 cents or 0.3 percent, to $68.79 a barrel. U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday. The escalating trade row is raising concerns about the potential for slower growth in oil consumption, offsetting supply concerns stemming from upcoming U.S. sanctions on Iran over its nuclear program. Refiners in India, Iran’s second largest crude buyer will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year. Also weighing on oil prices, U.S. drillers added two oil rigs in the week to Dec. 1, bringing the total count up to 749, the highest since September, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday.



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Saturday, 15 September 2018


 The commodity trading is a commodity selling and buying through exchange. Where different commodities are online business Through this, most of the agricultural products and other raw products (like wheat, sugar, pulses, oil, cotton and metals) do business. If you want to do business yourself, then you have the facility of computer and internet.

Commodity trading is not like normal trading. All the trading here is done for the future. There are many commodity exchanges in India, through which the commodity turnover is done. Among these, MCX, NCDEX, NMCE and ICEX are prominent.


How to Start Commodity Business
To start a commodity business you must have a trading account with a computer and internet facility. Your trading account is to be opened with the same broker, who has subscribed to major commodity exchanges such as MCX, NCDEX etc. You will get a list of these brokers associated with these exchanges website.


How to open trading account
You must have a PAN card, address proof and bank account to open a trading account. Brokers charge you a fee for this account. But if you trade with the broker, then you can call it to call your call. After taking up all this, you increase understanding about commodity trading and make mock trading. After this you can start trading in commodity.



Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.