Gold Silver Reports – Keep a bias toward long volatility on U.S. stocks before their earnings reports, JPMorgan Chase & Co says.
The options market is expecting earnings-related volatility to be roughly in line with the historical average, but a larger-than-normal risypremium is justified by “the important and idiosyncratic tax reform data point accompanying companies’ earnings reports,” JPMorgan strategists Shawn Quigg, Marko Kolanovic and Bram Kaplan wrote in a report.
Gold Silver Reports – CrudeOil MCX Sell on Rise, Downside Target 3960—3890 — Technically Crude Oil market is under fresh selling as market has witnessed gain in open interest by 77.33% to settled at 15690.
Gold Silver Reports – Copper MCX Sell on Rise, Downside Target 449—444 – Technically Copper market is under fresh selling as market has witnessed gain in open interest by 6.85% to settled at 12282 while prices down 2.25 rupees.
Trend Up ⇒ Buy Gold MCX Between 29450 – 29550, Stop Loss (CBSL) – 29019 Target – 29860 ↔ 30060 ↔ 30255
Trend Up ⇒ Buy Silver MCX Between 38750 – 38450, Stop Loss – 37910 (CBSL), Target – 39430 ↔ 40440 ↔ 41220
Gold Silver Reports – `Disastrous’ Deals Sideline Gold-Mining M&A as Metal Rises — Stung by some lousy investments that led to billions of dollars in losses a few years ago, the world’s major goldproducers have cut way back on mining deals — even as metal prices posted their biggest rally since 2010.