Hi Hitesh,,
This is my response to your querry related to Crude, Gold and Silver....
Factors influencing price
Crude:
1. US inventory data: Today, there is enough reserves wrt Crude, Gasoline. Though there was a decrease in production due to Hurricane, it is well above than previous year...
2. Geo Political Tensions: Russia & IRAN talks ( result shall come anytime) and Visit of China to Iran ( Iran is the largest supplier to China)....
3. Decision of OPEC, to lessen the production might lead to consolidate at 60 - 62 $ per barrel...Wait for a direction...
Gold:
1. There is strike going on in one of the worlds leading Gold & Copper prodution houses....
2. Japan Govt. decided to curtail the deflation and is planning to increase the interest rate... This will control the inflation.....which means lesser pressure on Gold..
3. The demand for GOLD is decreasing from Consumers....
4. Dollar has stregthened..
So you can expect a short term price of $ 525......CMP is around $ 553..
Again, I am NOT suggesting you to go SHORT....But I can surely tell you to wait for some time before Going LONG......Cos.....I am bullish in the Long Run.... JUST WATCH IT