Morgan Stanley's best picks for 2013: Gold, Silver !!!

Gold, silver and corn will outperform other raw materials next year as a weaker dollar and rising investor demand bolster precious metals while supply curbs aid grains, Morgan Stanley said, listing top picks for 2013. Silver will track gold, which is poised to gain on low real interest rates, buying by central banks and geopolitical uncertainty, analysts including Peter Richardson and Hussein Allidina wrote in a report on Thursday, reiterating an October call. Corn and soya beans should benefit from harvest delays in South America, they said. The bank is bearish on aluminum, sugar, nickel and uranium as supplies are set to outpace demand. Morgan Stanley joins Goldman Sachs Group in predicting the so-called super-cycle isn't over. "Higher prices in recent years have brought both a supply and demand response, bringing many to call for the end" of the super-cycle, they wrote. Gold may average $1,853 an ounce in 2013, while silver may be $35 an ounce, Morgan Stanley said. That compares with gold's average of $1,668 so far this year and $31.1542 for silver. Soya beans may average $15.70 a bushel in 2012-2013, it said.

SILVER LEVELS

SILVER 05DEC2012 CLOSE-62047 .Positionally Support for the Silver is 60960-60500-60450. Immediate resistance for Silver is 62411.

SILVER TREND

The Silver is in perfect uptrend .BUY signal For short term The current position is BUY .Positionally Support for the Silver is 60750-60550-58904.Immediate resistance for Silver is 61917

Gold, silver bounce back on low-level buying

Snapping a two day losing trend, both the precious metals, gold and silver, today bounced back on buying by retailers at existing low levels for the ongoing wedding season amid a firm global trend. While gold rebounded by Rs 175 to Rs 32,175 per 10 grams, silver gained Rs 100 to Rs 61,100 per kg. Traders said emergence of buying at existing lower levels to meet the wedding season demand amid a firm global trend, mainly pushed up the precious metals prices. They said the gold in overseas markets rose following an escalating conflict in the Middle East spurred demand for a investment haven. Gold in New York, which normally sets the price trend on the domestic front, rose by 0.1 per cent to USD 1,714.70 an ounce. On the domestic front, gold of 99.9 and 99.5 per cent purity staged a sharp recovery of Rs 175 each at Rs 32,175 and Rs 31,975 per 10 grams, respectively. The metal had lost Rs 485 in last two sessions. Sovereigns remained steady at Rs 25,500 per piece of eight grams. Silver ready also recovered by Rs 100 to Rs 61,100 per kg while weekly-based delivery shed Rs 55 to Rs 60,900 per kg. The metal had lost Rs 1,100 in last two days.

SILVER TREND

The Silver is in perfect uptrend .The open interest is not increasing with trend.Cautious point is buying at higer levels seems decreasing.Positionally Support for the Silver is 60700-60594-60340-59700.Immediate resistance for Silver is 61824.

SILVER INTRADAY LEVELS

Buy is advised above 61586 with a stop at 60512 Below 60236 go for sell Intraday Resistance of SILVER are 61414/61832/61325/61449 Intraday Support of SILVER are 60405/59987/60339/60216

SILVER INTRADAY LEVELS

Currently Silver is in BUY position In short term Silver is in strong up trend so hold with stop at 60650. Intraday Resistance of SILVER are 61233/61589/61415/61538 Intraday Support of SILVER are 60374/60018/60427/60304

SILVER TREND

Currently Silver is in strong uptrend with good momentum and the trend is supported with good volume.Positionally Support for the Silver is 60305-59457-59398-59391.Resistance for the Silver is 61383

SILVER TREND

The Silver is in long- short-medium- short- term bull phase .Currently Silver is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 60111-59431-59211-59177-58330-.Resistance for the Silver is 61539

Intraday Level Of Silver........

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 59199 The Silver is now trading is approaching overbought level. The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 61957.7 with a stop at 60139.9 Below 59616.5 go for sell with a stop at 61432.2 Intraday Resistance of SILVER are 61101.1/61417.2/61941.9/61135.8/61259.5 Intraday Support of SILVER are 60468.9/60152.8/59628.1/60150.8/60028.3

Short Term and Intraday Level Of Silver.....

Trend updated for-Nov/10/2012.CMP-60785 The Silver is in long- short-medium- short- term bull phase .Currently Silver is in downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 60010-59448-59084-59026-58249-.Resistance for the Silver is 61587- Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 59199 The Silver is now trading is approaching overbought level. The Silver is now trading is approaching overbought level.