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MARKET WRAP

·         Silver dropped 36 percent in 2013

·         Gold futures, which reached a six-month low today

·         Gold prices fell 28 percent this year.

·         Nickel, which had the biggest drop at 19 percent

·         Zinc fell 1.2 percent this year, the smallest decline among the base metals

Gold futures, which reached a six-month low today, posted the biggest annual slump in three decades as an improving economy cut demand for wealth protection. Silver touched the lowest since July. The decline in gold in 2013, which pushed its price to $1,202.30, was the first annual drop since 2000 and the deepest since 1981. Gold futures in New York closed at a three-year low on Dec. 19, a day after the Fed said it would curtail stimulus as the U.S. economy strengthened and joblessness decreased.

 

Stock Cash Plus Tips For 01/01/2013

SELL BF UTILITIES(LCP-523.35) BELOW 522 TG-516-508

BUY AXIS BANK (LCP 1299.55) ABOVE 1300 TG-1310-1323

BUY DHANUKA (LCP 204.05) ABOVE 205 TG-209-215

BUY PVR (LCP-648.7) ABOVE 650 TG-657-667

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