Gold,Silver,Platinum,Rhodium and Crude [depends on the economy,which is in a bad shape.Recession expected till 2022], may rise in, 2013.
Sensex +168 ; 19340
vix[fear index]:-
-India - 13.96;-0.71;-4.84%
Institutional Buying:-
i)Foreign Rs Crores - +1611
ii)Indian " " - -799
BDI $ 1088;-9;-0.88% ABOVE 200 DMA of 925,but too low.It is worth noting that Coal Stocks are piling up in Chi;n as some Steel Mills have been closed..
BDI unable to breach the PREVIOUS TOP...........
GLOBAL ECONOMY in trouble.Fiscal Deficits and Debts of many nations,ARE VERY HIGH.
2015:-Bond Redemption of the Nations having the HIGHEST Debts,led by Japan.HUGE QEs expected.Currencies will crumble.Commodities will dominate.Land too.
Gold 1715 $/US Oz [ CME reduces margins in Gold($ 1700 per contract),Silver about $4300 per contract,Silver and Copper($500),on 16/11/2012.
Shorting Gold and Silver are,reportedly,aided by the various Agencies,and turn a blind eye or look the other way. ]
Silver 1075 $/kg
Copper 3.6168 $/lb
Reuters CRB Index US $ 298.98
Brent Crude 111.15 $/bbl
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Crude Oil (Indian Basket 29/11/2012
- In US Dollar ($/bbl) 108.24
- In Indian Rupees (`/bbl) 5974.85
- last fortnight " " 5797.53[November 1 st to 15th,2012]
Exchange Rate (`/$) 55.20
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US Dollar Index 80.23
Re V Dollar 54.20
HSBC Markit Purchasing Manger's Index,was 52.9,in October,compared to 52.8, in September,2012
Above 50 indicates growth.Applies only for production,but NOT Utilities.
Nifty Futures [Monthly] 26.30 points , PREMIUM,30/11/2012
P/C NIFTY-1.37
Will be updated.......
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