14/12/2012

Import tariff value of Gold reduced to US $ 550/10 grams,due to low Global prices.

For the nth time.Silver and Gold prices are being suppressed.

Sensex      ;                +88;          19317
 vix[fear index]:-
India  -                                      14.23 ;-0.48; -3.26 %
Institutional Buying:-      
i)Foreign Rs Crores      -         +574
ii)Indian    " "                  -         -512
BDI   $                                             784;-15; -1.88%
Sharp fall below  200 DMA of 935,.It is worth noting that Coal Stocks are piling up in China 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       1696 $/US Oz  [ CME reduces margins in Gold($ 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      1038 $/kg
Copper   3.6486 $/lb  
CCI or Reuters CRB Index US $ 294.89
Brent Crude    108.40  $/bbl
----------------------
Crude Oil (Indian Basket  13/12/2012
-     In US Dollar ($/bbl) 106.90
-    In Indian Rupees (`/bbl)    5797.19
-     last fortnight      "   "         6010.22[November 16th to 30th,2012]
Exchange Rate  (`/$) 54.23
----------------------
US Dollar Index 79.66 [Massive QE . Interest rate kept "NEAR ZERO" by the US Federal Reserve,on 12/12/2012]
US Dollar Index 79.56
Re V Dollar          54.43
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]     38.80 points , PREMIUM,14/12/2012
P/C  NIFTY-       1.41

Will be updated......