RULES
· Round 2 is exclusive of round 1. Given budget is Rs. 1,00,000.
· If you expect market price to rise above the future price, buy the future.
· If you expect market price to remain below the future price, sell the future.
· In case you buy the future, Payoff = Contract Amount*(Settlement Price/Future Price)
· In case you sell the future, Payoff = Contract Amount*(Future Price/Settlement Price)
· It is necessary to trade in each commodity. And contract size in any commodity cannot exceed Rs.40,000.
PRICES
· Gold: Spot Price - 300, Future Price – 280
· Silver: Spot Price - 500, Future Price - 535
· Copper: Spot Price - 300, Future Price - 330
· Aluminium: Spot Price - 100, Future Price - 115
· Zinc: Spot Price - 600, Future Price - 650
· Nickel: Spot Price- 900, Future Price - 975
NEWS
· Modi government urges companies from China, Japan, Germany and US to lead investments of $100 billion to boost India’s solar energy capacity by 33 times. (Silver is used in photo voltaic cell) Foreign companies say that they are enthused by Modi’s personal interest in solar energy development.
· Consumer appetite for jewelry, which was dampened by the global recession, now appears more voracious in this festive season.
· Copper prices are expected to trade lower on signs of slow-down in China along with supply surplus that will hit the markets next year.
· Gold Near Futures February Contracts are trading at lower than the spot price with rising open interest.
· The US Equities benchmark index NASDAQ has been rising consistently for last two months over tapering and interest rate decisions .
· World primary aluminum production to increase in 2015 compared to the production in 2014, as a result of starting new smelters and restarting smelters that had been shut down in 2008 and early 2009,reports MCX.
· India and the Republic of Korea saw an increase in Zinc production of 8.9% and 8.2%, respectively, while India and Japan saw an increase in consumption of 15.6% and 12.2% in last month.
· World production of primary Nickel during 2014 was 1.612 million metric tonnes (MMT), up by 11.53% as compared with 1.446 MMT in 2013. Whereas, the world's consumption during 2014 was at 1.608 MMT vis-à-vis 1.465 MMT in 2013, up by 9.76%, according to latest report by WTO.
· Round 2 is exclusive of round 1. Given budget is Rs. 1,00,000.
· If you expect market price to rise above the future price, buy the future.
· If you expect market price to remain below the future price, sell the future.
· In case you buy the future, Payoff = Contract Amount*(Settlement Price/Future Price)
· In case you sell the future, Payoff = Contract Amount*(Future Price/Settlement Price)
· It is necessary to trade in each commodity. And contract size in any commodity cannot exceed Rs.40,000.
PRICES
· Gold: Spot Price - 300, Future Price – 280
· Silver: Spot Price - 500, Future Price - 535
· Copper: Spot Price - 300, Future Price - 330
· Aluminium: Spot Price - 100, Future Price - 115
· Zinc: Spot Price - 600, Future Price - 650
· Nickel: Spot Price- 900, Future Price - 975
NEWS
· Modi government urges companies from China, Japan, Germany and US to lead investments of $100 billion to boost India’s solar energy capacity by 33 times. (Silver is used in photo voltaic cell) Foreign companies say that they are enthused by Modi’s personal interest in solar energy development.
· Consumer appetite for jewelry, which was dampened by the global recession, now appears more voracious in this festive season.
· Copper prices are expected to trade lower on signs of slow-down in China along with supply surplus that will hit the markets next year.
· Gold Near Futures February Contracts are trading at lower than the spot price with rising open interest.
· The US Equities benchmark index NASDAQ has been rising consistently for last two months over tapering and interest rate decisions .
· World primary aluminum production to increase in 2015 compared to the production in 2014, as a result of starting new smelters and restarting smelters that had been shut down in 2008 and early 2009,reports MCX.
· India and the Republic of Korea saw an increase in Zinc production of 8.9% and 8.2%, respectively, while India and Japan saw an increase in consumption of 15.6% and 12.2% in last month.
· World production of primary Nickel during 2014 was 1.612 million metric tonnes (MMT), up by 11.53% as compared with 1.446 MMT in 2013. Whereas, the world's consumption during 2014 was at 1.608 MMT vis-à-vis 1.465 MMT in 2013, up by 9.76%, according to latest report by WTO.
Send in your responses latest by 11:59 PM today at the following link: http://goo.gl/E7LWGN
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