Gold may rise due to higher weight-age in Basel III Banks will be forced to BUY Gold.
Sensex ; 19424
vix[fear index]:-
-India - 14.96 ;-0.28; -1.84 %
Institutional Buying:-
i)Foreign Rs Crores - +648
ii)Indian " " - -798
BDI $ 966;-24; -2.42%
ABOVE 200 DMA of 932,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 1705 $/US Oz [ CME reduces margins in Gold($ 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 1065 $/kg
Copper 3.6229 $/lb
CCI or Reuters CRB Index US $ 295.91
Brent Crude 107.22 $/bbl
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Crude Oil (Indian Basket 6/12/2012
- In US Dollar ($/bbl) 106.45
- In Indian Rupees (`/bbl) 5798.33
- last fortnight " " 6010.22[November 16th to 30th,2012]
Exchange Rate (`/$) 54.47
----------------------
US Dollar Index 80.41
Re V Dollar 54.33
HSBC Markit Purchasing Manger's Index,rose, rapidly to 53.7 in November against 52.9,in October,,2012
Above 50 indicates growth.Applies only for production,but NOT Utilities.
Nifty Futures [Monthly] 22.7 points , PREMIUM,7/12/2012
P/C NIFTY-1.68
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