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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.

Friday, 14 September 2018

BULLION:-

Gold edged higher on Friday, lifted by a weaker dollar, but gains were tempered by expectations of a U.S. rate hike later this month. pot gold XAU= was up 0.4 percent at $1,206.01 an ounce by 1000 GMT, having hit its highest since Aug. 28 at $1,212.65 on Thursday. It has risen 0.9 percent so far this week, on track for its first weekly gain in three. Gold has shown a close correlation to the currency of China, the biggest gold consuming nation, analysts say. Investors widely expect another 0.25 percentage point interest rate hike when the U.S. central bank meets on Sept. 25-26, and there is a strong chance of another increase in December. rates make gold less attractive since it does not pay interest but costs money to store and insure.  

ENERGY:-

Oil rose on Friday, clawing back some territory after prices fell by the most in a month in the previous session, as the focus returned to supply concerns ahead of a November deadline for U.S. sanctions on Iranian crude. Price rises were capped after U.S. Energy Secretary Rick Perry said Saudi Arabia, other members of OPEC and Russia were to be admired for trying to prevent a spike in global oil prices. think the oil market will have another go at pushing Brent above $80 a barrel," Harry Tchilinguirian, oil strategist at French bank BNP Paribas. The United States is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran and world powers.  



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.


BULLION:-

Gold prices traded marginally down Friday morning as investors purchased riskier assets instead of seeking a safe haven in gold, amid hopes for a new round of U.S.-China trade talks. Spot gold declined 0.3 percent to $1,202.30 per ounce, after earlier hitting its highest level since Aug. 28 at $1,212.49. Bullion gained 0.7 percent in the previous session in its biggest single-day rise since Aug. 24. U.S. gold futures for December delivery settled down $2.70, or 0.2 percent, at $1,208.20 per ounce. The dollar index declined against a basket of major currencies after data showed U.S. consumer prices increased less than expected in August, paring traders’ outlook that domestic inflation is accelerating. A weaker dollar typically makes dollar-priced gold less expensive for holders of other currencies, but the correlation broke on Thursday. The CPI data came after soft U.S. wholesale price data undermined the case for a faster pace of policy tightening by the Fed. The U.S. central bank is widely expected to raise benchmark interest rates at its September meeting. Higher rates make gold less attractive since it does not pay interest and costs to store and insure. In trade talks, senior U.S. 

METALS:-

London copper edged lower on Friday, pulling back from a two-week high reached in the prior session, as investors exercised caution ahead of possible trade talks between the United States and China to resolve an escalating tariff war. China will not buckle to U.S. demands in any trade negotiations, the major state-run China Daily newspaper said in an editorial on Friday, after Chinese officials welcomed an invitation from Washington for a new round of talks. Investors were also eyeing a slew of Chinese data due out this morning for trading cues, including industrial output and retail sales. Three-month copper on the London Metal Exchange was down 0.3 percent at $6,015 a tonne. The industrial metal has gained 1.4 percent so far this week, having hit a two-week top of $6,074 on Thursday. The mosttraded November copper contract on the Shanghai Futures Exchange rose 0.7 percent to 48,560 yuan a tonne.  

ENERGY:-

Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, as concerns about oil supply are countering worries that emerging market crises and trade disputes could dent demand. Brent crude was up 8 cents, or 0.1 percent, at $78.26 a barrel, after falling 2 percent on Thursday. The global benchmark rose on Wednesday to its highest since May 22 at $80.13. U.S. West Texas Intermediate (WTI) futures were up 18 cents, or 0.2 percent, at 68.76 a barrel, after dropping 2.5 percent on Thursday. Brent is heading for a 1.8 percent gain this week, while WTI is on track for a 1.5 percent increase. The International Energy Agency on Thursday warned that although the oil market was tightening at the moment and world oil demand would reach 100 million barrels per day (bpd) in the next three months, global economic risks were mounting. 



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, 13 September 2018


India is the world's largest gold consumption country. In this way, to meet its needs, every year 900-1000 tonnes of gold is imported. Whose negative impact is on the economy of the country. Whereas, about 20,000-24,000 thousand tonnes of gold is lying idle in homes, temples and trusts across the country. The government wants to get rid of this gold reservoir in the economy and put it in the economy. For this, the government is in the process of getting the gold monetization scheme and its draft note has been prepared. This scheme is expected to get cabinet approval soon.

Under the Gold Monetization scheme, the customer has to deposit his gold, jewelery and coins at the centers set by the government. After scrutinizing it, the customer will be issued a certificate equal to the quantity of gold after melting. On the basis of which the customer will be able to get interest by opening a Gold Savings account in the bank. The government will reduce the import of gold through this scheme, which can reduce its import by 10-20%. At the same time, the government expects that this scheme will reduce the import bill of gold. Which can be used to improve the economy and improve development. Gold Monetization Scheme will increase circulation of gold reserves in the country. Apart from this, the inclusion of Gold in CRR, SLR will increase the cash flows in the market.

Higher interest in gold monetization scheme

The government is preparing to launch the gold monetization scheme. His announcement was made by Finance Minister Jaitley in the Budget 2015-16. In fact, the government is going to resume the failed Gold Savings Scheme in 1999. Because at that time the scheme could not run due to low interest rate. The special feature of the new scheme is that people will get more interest on this. While the cost of sleep maintenance will also be left. At the same time, there is a plan to provide interest up to 2-3% for 1.5% and above for less than one year in the scheme. Apart from this, the customer depositing the gold in this scheme will start receiving interest from the same day on which he has taken it. Also, those who take the scheme will not have to give information about where the money has been raised to buy gold. For this, the maximum limit of gold has been fixed at 500 grams.

This is the proposal of Gold Monetization Scheme

Under this scheme, customers will have to deposit at least 30 grams of gold. In this, the customer will be able to keep gold coins and jewelery with the banks. Instead, it will be given the equivalent certificate of gold. On the basis of that certificate, the customer will be able to obtain interest by opening his Gold Savings account in the bank. The customers who will be associated with this scheme, by melting gold and jewelery in the other way, the government will re-use it to the market for its use. Whereas under this scheme, the customer has to deposit his gold with the bank for a minimum of one year. This scheme will also benefit the jewelers, they can also take a loan on their metal account.

How to get interest under this scheme

According to the draft of Gold Monetization Scheme of the Government, if the customer deposited 100 grams of gold and got interest of one per cent on it. So he will get the same price as 101 grams of gold. At the same time, it will be exempt from income tax, wealth tax, capital gains tax etc. on the earnings it earns. If a customer wants to get out of this scheme before time, then the amount will be paid according to the market price. While customers will also have the right to get paid gold as a gold or cash deposit under the scheme.


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, 11 September 2018


BULLION:-

Gold at COMEX continued to trade below $1200/Oz with a downward pressure as the likelihood that the Federal Reserve will announce and implement an interest rate hike on September 27 at the end of this month’s FOMC meeting, traders and investors are beginning to focus on what comes after that. Currently, the CME’s FedWatch tool predicts a 99% probability of a rate hike this month, followed by a 60% probability that the Fed will implement another rate hike in December. This action could continue to weigh heavily on gold prices as higher interest rates will certainly be supportive of the U.S. dollar. Last week’s jobs report is certainly supportive of a rate increase this month. Concerns continue to grow as the United States and China continue to be deeply immersed in a trade dispute that seems more and more like it will become a full-blown trade war.  

METALS:-

Base metals were trading mixed on Tuesday morning as an intensifying trade dispute between the United States and China raised concerns over demand for industrial metals. China will respond if the United States takes any new steps on trade, the foreign ministry said on Monday, after U.S. President Donald Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States. Trump said on Friday he was ready to levy additional taxes on practically all Chinese imports, threatening duties on $267 billion of goods over and above planned tariffs on $200 billion of Chinese products. Wood Mackenzie estimates the expansion of the tariff list could raise the impact to around 1 percent of total Chinese copper demand, as many copper intensive goods are included in the extended list. 
ENERGY:-

Oil was steady on Tuesday, supported by looming U.S. sanctions against Iran's petroleum industry. But prices were capped by signs that increased supplies by other major producers, including the United States and Saudi Arabia, could make up for the disruptions from Iran. Washington is putting pressure on other countries to also cut Iran imports, with close allies like South Korea and Japan, but also India, showing signs of falling in line. US Energy Secretary Rick Perry met with Saudi Energy Minister Khalid al-Falih on Monday in Washington, the US Energy Department said, as the Trump administration encourages big oil-producing countries to keep output high ahead of the renewed sanctions. Perry will also meet with Russian Energy Minister Alexander Novak on Thursday in Moscow. Russia, US and Saudi Arabia are the world's three biggest oil producers by far, meeting around a third of the world's almost 100 million barrels per day (bpd) of daily crude consumption. Combined output by these three producers has risen by 3.8 million bpd since Sept.  



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.