Daily Commodity Report by www.epicresearch.co –– 31 January 2013

Gold assets set for biggest monthly fall since December 2011.Gold holdings in exchangetraded products (ETP) are poised for the biggest monthly decline in more than a year as global economic recovery curbed demand for the metal.

ListFree.org (Press Release) - Thursday, January 31st, 2013

HEADLINES

Gold assets set for biggest monthly fall since December 2011.Gold holdings in exchangetraded
products (ETP) are poised for the biggest monthly decline in more than a year as global economic recovery curbed demand for the metal. Assets contracted 0.8% so far in January, the
largest decrease since December 2011, according to data compiled by Bloomberg. The holdings, which reached a record in December, dropped to a two-month low of 2,610.272 tonne on Monday. Analysts from Credit Suisse Group to Goldman Sachs are calling for gold to peak in 2013 after a 12-year rally as the global economy rebounds. Copper Exports From Japan at 3-Year High as Local Demand FallsCopper exports surged 27 percent last year to the highest level since 2009 amid a decline in domestic demand as users from Sony Corp. (6758) to Toyota Motor Corp. (7203) increased production overseas.Shipments climbed to 512,277 metric tons from 402,114 tons in 2011 and compared with a record 589,260 tons in 2009, according to finance ministry data today.

 TRADING TIP:
Sell Copper Feb
Above 438.50
TGTS-435/432
SL-441

Buy Nickel Feb
Below 953.40
TGTS-959/965
SL- 948

ANALYSIS
OPEN: 30349
HIGH: 30381
LOW: 30215
CLOSE: 30234
• GOLD LOOKS DOWNWARD
• TREND: BEARISH
• STRATEGY: SELL ON RISE

ANALYSIS

OPEN: 57795

HIGH: 58030

LOW: 57711

CLOSE: 57906

• SILVER LOOKS DOWNWARD

• TREND: BEARISH

• STRATEGY: SELL ON RISE

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