EIA Crude Inventories:
#Crude Rise 3.9M
#Distillates Rise 1.2M
#Gasoline Down 0.7M
www.SriPadma.com

Checking out "About Indian Heart Foundation" on Indian Heart Foundation: http://ping.fm/YljTB

Expecting Crude oil to trade higher today taking cues from positive sentiments on expectations that US economy will continue to improve further.

Commodity Market Analyst Report in Telugu

యూరోజోన్ లో నెలకొన్న సంక్షోభం వలన ఇన్వెస్టర్స్ ఇంకా గోల్డ్ & సిల్వర్ లోనే ఇన్వేస్ట్ చేయడానికి ఎక్కువ ఆస్కారం వుంది. గోల్డ్ మార్కెట్ ఫై 26 మంది అనలిస్ట్ లా అభిప్రాయం తెలుసుకోగ 20 మంది పెరుగుతుంది అని, నలుగురు తగ్గుతుంది అని, మరి ఇద్దరు మార్కెట్ ఎలా ఉండబోతుందో చెప్పలేము అని చెప్పారు. ఈ వారం రిలీజ్ కాబోయే "రిటైల్ సేల్స్" మరియు "ఇన్ఫ్లసేన్ డేటా" మరియు "కన్సుమేర్  ఇండిక్ష్". ఈ వారం లో ఇటాలియన్ ప్రధాన మంత్రి ఇల్విఒ బెర్లుస్కని రాజీనామా తో మార్కెట్ లో కొంత ఒడిదుడుకులు ఉండచ్చు.

గోల్డ్ మార్కెట్ $1798 బ్రేక్ అయితే $1822 - $1840 వరకు వచ్చే ఛాన్స్ వుంది.. అలానే సపోర్ట్ లెవెల్ $1752 బ్రేక్ అయితే $1718 వరకు వచ్చే ఛాన్స్ వుంది, లాంగ్ టర్మ్ కోసం ఇన్వేస్ట్ చేయడానికి ఇపుడు సరి ఆయన సమయం అని అనలిస్ట్ ల అభిప్రాయం.

మీ యొక్క అభిప్రాయం మాకు పంపండి..
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Use always branded items in life..
For Lips-Truth
Eyes-Sympathy
Voice-Prayer
Hands-Charity
Heart-Love
Face-Smile
-PrataP Kumar Kolagatla

Euro extends gains as Italy approves budget bill http://ping.fm/lNSIh

Euro extends gains as Italy approves budget bill http://ping.fm/YiTSz

Bargain hunters, beware: Seven reasons Italy may fall further http://ping.fm/pmfnX

BREAKING: Report: Earthquake with preliminary 5.7-magnitude collapses buildings in eastern Turkey.
-sQuareindia Advisory Pvt. Ltd.

Gold and Silver expected to trade higher today on account of a weaker dollar. But sharp gains will be capped due to upbeat market sentiments

Rupee weakened to its lowest in 2 weeks Today on strong dollar demand from corporates that offset a firm euro and positive local shares.

Oil hovers below $97 as China inflation eases.
-sQuareindia Advisory Pvt. Ltd.

IMF chief warns world economy risks 'lost decade' asks rich nations to shoulder the burden http://ow.ly/7nsRY

Chinese inflation sharply down to 5.5% in Oct.
-sQuareindia Advisory Pvt. Ltd.

Italy's president says Premier Silvio Berlusconi has promised to resign once parliament passes economic reforms demanded by the EU.

Greece Deal Won't Save Europe http://ping.fm/NIVdm

We expect Crude oil prices to continue upside on EU prospectus and later may see some correction paring speculative gains.
-SriPadma.com

U.S economy moving forward slowly. The latest jobs report shows the U.S is growing faster than it... http://bit.ly/ugxqZi

Gold targets $2350 as Wave 5 begins, $1680 critical http://ping.fm/Cvwo2

China says Europe will overcome debt crisis http://ping.fm/sAwC6

Today's Economic Data:
"Non-Farm Employment Change"
Actual:80K
Forecast:97K
Previous:158K
*Data Negative for Dollar
www.SriPadma.com

Crude expected to trade on a positive note today on account of upbeat sentiments in the global markets due to easing EuroZone debt concerns.

European economy is expected to be reinforced by today's final services PMI data from Germany, Italy, France and the Euro zone.
-sQuareindia

Today Gold expected to trade with a positive bias on account of a weaker dollar. Silver will also take cues and upside in base metals.

Today's Economic Data:
"ISM Non-Manufacturing PMI"
Actual:52.9
Forecast:53.7
Previous:53.0
*Data Negative for Dollar

European Central Bank cut interest rates by a quarter point to 1.25%
www.SriPadma.com
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Today's Economic Data:
"Unemployment Claims"
Actual:397K
Forecast:401K
Previous:402K
*Data Positive for Dollar
www.SriPadma.com

Gold prices expected to trade with a negative bias today as we expect the dollar to strengthen on account of weak global market sentiments.

Indian rupee down today on fresh demand for the American currency from banks and importers amid a stronger dollar in overseas markets.

Asia stocks down on Greek debt deal doubts.
-sQuareindia Advisory Pvt. Ltd.

Fed cuts growth outlook for 2012 http://ping.fm/iY1lU

MF GLOBAL LME POSITIONS BEING TRANSFERRED AND ROLLED FORWARD BY LCH.CLEARNET - EXCHANGE - http://bit.ly/94ggJj

Fed lowers economic growth projections, sees slow growth in jobs market. http://ping.fm/r5j1L

Bernanke: Fed discussing ways to provide more clarity about its outlook, no decisions made this meeting.
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"ADP Non-Farm Employment Change"
Actual:110K
Forecast:102K
Previous:116K
*Data Positive for Dollar

Expecting Crudeoil prices to trade down on gloomy economic outlook and lower demand taking cues with weak investment sentiment.
-sQuareindia

FOMC is expected to leave interest rates unchanged at 0.25% but its assessment of economy along with other measures would be keenly watched.

Moody's Says US Credit Rating is Mostly Safe for Now.
-sQuareindia Advisory Private Limited

Today's Economic Data:
"ISM Manufacturing PMI"
Actual:50.8
Forecast:52.1
Previous:51.6
*Data Negative for Dollar
www.SriPadma.com

Reserve Bank of Australia (RBA) cut interest rates in a bid to boost growth amid fears of a slowdown in the global economy.
-sQuareindia.com

Australia slashes interest rates http://ping.fm/PBRk3

Asian markets down on fresh Europe fears. Tokyo fell 0.75% by the break, Hong Kong opened 2.03% lower.
-sQuareindia Advisory Pvt. Ltd.

Gold is Down and some are Blaming MF Global http://ping.fm/C2KuJ

I am not saying buy every dip. I am saying the dips won't be deep so you can buy not sell... Not that unfathomable.
-JimCramer

Traders will turn their focus this week on FOMC's rate decision where some believe Fed could embark on another round of quantitative easing.

Positive GDP data from US along with easing worries over Europe's debt crisis acted as a positive factor for base metals.
-sQuareindia.com

European leaders are focusing more on China and IMF for the help rather than convincing each and every member of G20.
-sQuareindia Advisory

Analysis: Gold may target $1794-$1836 resistance on back of weak European economic data & a lower French GDP forecast.
-SriPadma.com

Newmont Mining Corp beat Wall Street's earnings estimates benefiting from a 39% jump in its average selling price for the Precious metal.

Gold trading lower today morning trade after a strong US Q3 GDP eased investor concerns of US slipping into a double-dip recession.

U.S. economy shows 2.5 percent growth. http://ping.fm/kAZkt

Euro zone leaders struck a deal with private banks and insurers Today for them to accept a 50% loss on their Greek government bonds.

Today's Economic Data:
"Unemployment Claims"
Actual:402K
Forecast:400K
Previous:403K
*Data Negative for Dollar
www.SriPadma.com

5.4 quake shakes southeastern Turkey http://ow.ly/7arQo

Join in http://ping.fm/OZR06

Euro zone strikes deal on second Greek package, agrees to scale up bailout fund http://ow.ly/7amgu

Food inflation rises to 11.43% for the week ended Oct 15.
-sQuareindia Advisory Pvt. Ltd.

US durable goods beat forecasts http://ping.fm/lViIV

"Festival of Lights" let us take pledge to avoid crackers, avoid air & Noise pollution.!
"HAPPY DIWALI"
-PrataP Kolagatla
MD,sQuareindia.com

Gold trades with a $1700 handle for the first time in 6-weeks.
-sQuareindia Advisory Pvt. Ltd.

Copper rallies 7% on Chinese manufacturing report.
-sQuareindia Advisory Pvt. Ltd.

Commodities Snapshot: Oversold For Now, Dollar Holds The Key http://bit.ly/tznobC

S&P 500 poised for its best monthly gain since 1991 http://ping.fm/JOsxp

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Google may also want to buy Yahoo, report says http://ping.fm/7XZ01

US rating likely to be downgraded again: Merrill http://ping.fm/AgHNm

Earthquake with magnitude of at least 6.6 hits eastern Turkey. More soon http://ping.fm/IZrSM

Gold down 10% while silver plunges 23% in 30 days http://ow.ly/1fgOCD

Bank lobbying head says banks, euro zone nowhere near deal to cut Greek debt http://ping.fm/OMG6g
-sQuareindia Advisory Pvt. Ltd.

We are the 1st in India to deliver 7am-11.30pm Bullion Market SMS Alerts. An ISO 9001:2008 Certified Company with World Class Technology.

Libyan official says elections coming soon. http://ping.fm/acq3v

Dow and S&P climb more than 1%, but Nasdaq dips 1.4%.
-sQuareindia Advisory Pvt. Ltd.

Dow up 267 points at close after rallying late on word of progress in Euro-debt negotiations.
-sQuareindia Advisory Pvt. Ltd.

BREAKING: White House official: Obama to announce complete troop withdrawal from Iraq by year's end.
-sQuareindia Advisory Pvt. Ltd.

President Obama is expected to announce at 12:45 p.m. ET that all U.S. troops will exit Iraq by the end of December, concluding the war.

Wall St. Opens higher ahead of euro summit.
-sQuareindia Advisory Pvt. Ltd.

NYMEX PALLADIUM RISES 6%, HEADS FOR BIGGEST GAIN SINCE NOV '10 -BLOOMBERG

European leaders confirmed that they will meet multiple times over the next week to approve a key plan to resolve Europe's debt crisis.

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Asian markets cautious ahead of Europe summit http://ping.fm/xU0qj

Rupee hits Rs.50/$ for the first time since April 2009 http://ping.fm/pj0Ek

Libyan doctor who traveled with Gadhafi's body says he died of 2 bullet wounds to the chest: "The tyranny is gone." -EF

Breaking: NTC to announce liberation of Libya by Friday. Gaddafi's one son dead, another being surrounded.
-sQuareindia Advisory Pvt. Ltd.

US Philly Fed index rebounded to 8.7 in Oct, well above market expectations of -9.0, vs -17.5 Sep.

FLASH: Libyan Prime Minister Jibril confirms that Muammar Gaddafi is dead http://bit.ly/rhnS55

U.S. stocks pressured at open as media reports cast doubt on weekend euro-zone summit http://ping.fm/rEW07

Flash nEws:Former Libyan leader Muammar Gaddafi died of wounds suffered in his capture near his hometown of Sirte on Thursday.
-SriPadma.com

Trend Line:
#Gold Down(-3.95) due to Strengthening of US Dollar
#Gold Down(-19.85) due to Predominant Sellers
#Finally Gold Losses-23.80$

RBI warns of another global financial crisis; liquidity a concern.
-sQuareindia Advisory Pvt. Ltd.

Sensex opens 1.1% lower; Tata Motors, ICICI, RIL down
-sQuareindia Advisory Pvt. Ltd.

Sensex opens on a low notes, Bajaj Auto in focus http://ping.fm/4LRl5

Japan Considering $13B Bond Sale: Officials http://ping.fm/MxuFK

Asian stocks down as Europe debt crisis festers.
-sQuareindia Advisory Pvt. Ltd.

Stocks finish lower after Fed report on economy disappoints investors. Dow slides 71 points, Nasdaq tumbles 2%, S&P dips 1.3%.
-sQuareindia

Millionaires now control 38.5% of the world’s wealth, up from 35.6% last year http://on.wsj.com/oZhlIJ

Europe Will Bring US Stocks And Precious Metals Down http://ow.ly/1fdtwc

Comex Gold Falls As Dollar Steadies -Wall Street Journal http://ow.ly/1fdtwa

US economy faces slow growth, Fed says http://ping.fm/MvUBM

EU bank recapitalization may see shortfall of under €100B -CNBC-TV

US Stocks Retreat as Financial Shares Drop, Euro Erases Gain. http://bit.ly/naZxVk

Today's Economic Data:
"Core CPI m/m"
Actual:0.1%
Forecast:0.2%
Previous:0.2%
*Data Negative for Dollar
www.SriPadma.com

U.S. Stock-Index Futures Climb on Europe http://ping.fm/FGgye

Today's Economic Data:
"Building Permits"
Actual:0.59M
Forecast:0.61M
Previous:0.63M
*Data Negative for Dollar
www.SriPadma.com

Gold Supported at 144 DMA and by Negative Real Interest Rates in US.
-sQuareindia Advisory Pvt. Ltd.

Comex Dec gold trades near steady in early US dealings. Weaker US DX is bullish for gold, but EU debt crisis uncertainty limiting buying.

Morgan Stanley posts increased quarterly profit of $2.2 billion; investment banking revenue declines 16%.

Stocks and euro advance on EU rescue hopes http://ping.fm/ixgbK

Stocks and euro advance on EU rescue hopes http://ping.fm/a6dE8

Stocks and euro advance on EU rescue hopes http://ping.fm/LMSoM

European commodities markets eye new regulations http://tinyurl.com/3d6re2e

World stocks rise on Europe debt plan hopes.
-sQuareindia Advisory Pvt. Ltd.

US alert for India holiday season http://ping.fm/hp2FZ

Gold prices held steady Today shrugged off the downgrade of Spain's sovereign credit rating as investors wait for clarity on Europe's plans.

Comex Gold Ends Lower But Up From Sharp Losses Seen Earlier http://bit.ly/p0adp6

Today's Economic Data:
"TIC Long-Term Purchases"
Actual:57.9B
Forecast:27.8B
Previous:9.5B
*Data Positive for Dollar
www.SriPadma.com

Today''s Economic Data:
"PPI m/m"
Actual:0.8%
Forecast:0.2%
Previous:0.0%
*Data Positive for Dollar
www.SriPadma.com

Bank of America reports $6.2 billion profit http://bit.ly/ozAHHL

Clinton in unannounced Libya trip http://ping.fm/GV3P0

Analysis: Gold $1632 acting as a reasonably Good support. However in the event of a breakout to downside, Support is not expected to hold.

France Risks Losing Top Grade on Bailout Fund http://ping.fm/lOhdl

India’s gold ETF demand likely to explode http://ping.fm/VBUaG

Industrial Production in U.S. Probably Rose Again http://ping.fm/yyE4O

JP Morgan cuts RIL's price target http://bit.ly/nWNInX

Analysis: Euro zone eyes yet another "comprehensive strategy" http://ping.fm/rCA9U

Rising export prices from China add inflationary pressure to India http://ping.fm/pfrrB

Gold recovers to Rs 27000, likely to stay bullish - http://ow.ly/1f9XeC

25 Analysts Survey about Next Week Gold:
21 Forecast Rise
3 Said Fall
1 Member Neutral
www.SriPadma.com
08922222222

U.S. Michigan Consumer Sentiment Index Fell to 57.5 in Oct from 59.4
-sQuareindia Advisory Pvt. Ltd.

Wall Street opens higher on euro zone optimism.
-sQuareindia Advisory Pvt. Ltd.

US business inventories +0.5%, just above market expectations of +0.4%; sales +0.3%.

Dow poised for longest weekly gain since April http://ping.fm/4BceS

Indian Rupee is expected to trade with a depreciation bias on account of weak sentiments in the global markets.
-sQuareindia Advisory PvtLtd

India Rupee may edge lower on dollar strength http://bit.ly/rgyveZ

Critical review of the RTI Act needed: PM http://ping.fm/OvI5I

Singapore slashes growth forecast http://ping.fm/oueXe

Nifty may rally 20% over the next 12 months: RBS http://ow.ly/6X1T8

Sensex volatile; metals banks down, IT FMCG gain http://ow.ly/1f89e5

Asia shares edge lower on caution over global growth http://ping.fm/9RUGl

FLASH: Quake magnitude 6.8 strikes Papua New Guinea, 62 miles east of Lae
-USGS

Today's Economic Data:
"Unemployment Claims"
Actual:404K
Forecast:406K
Previous:405K
*Data Positive for Dollar
www.SriPadma.com
08922222222

IMF cuts growth forecast for Asia http://ping.fm/z7kcb

Food inflation marginally falls from 9.41% to 9.32%
-sQuareindia Advisory Pvt. Ltd.

IMF says China has scope to respond to global risks http://ping.fm/KlQxv

Indian Rupee is expected to trade with an appreciation bias today taking cues from positive sentiments in global markets.
-sQuareindia.com

Chinese trade growth slows significantly http://ping.fm/g77Od

Sensex opens 0.6% higher; Infosys, HDFC Bank, ICICI Bank up http://ow.ly/6VNrH

Asia Stocks Rise on Europe Plan. http://ping.fm/Y824S

FLASH: Earthquake of 6.2 magnitude strikes off Indonesia's Bali
-U.S. geological survey

Recent rally is a good opportunity to sell crude, which is facing resistance around 84 levels and can come to 80-76 levels on downside.

Recent rally is a good opportunity to sell crude, which is facing resistance around 84 levels and can come to 77-76 levels on downside.

Germany, France reach agreement on Europe's banks http://bit.ly/qc3APv

Sterling Rescued by BoE Statement, Future Remains Unclear http://bit.ly/qhGXPj

If you are in Do-not-Disturb list, Still we offer Bullion Market Alerts from 7am-11.30pm. To Activate, sms SUB to 9440222223
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Hong Kong stocks rise, with exporters and many banks gaining; Hang Seng Index up 2%s

World stocks hit a 15-month low, euro down http://ping.fm/hQn86

Oil drops to lowest price since 2010 http://ping.fm/VIZpP

Gold rallies on fresh round of euro worries and other metals slip.
-sQuareindia Advisory Pvt. Ltd.

Gold & Silver Correction: It's Good For Markets http://ping.fm/ORpdL

Standard & Poor's cuts Newzland rating.
-sQuareindia Advisory Pvt. Ltd.

European Stocks Erase Gains as Mining Companies Drop With Metals... http://ping.fm/9zN1R

Offer Closing on 24th Sep:
Rs.1111 per month for MCX Buy & Sell Tips Pro+(Gold, Silver, Crude, Copper, Zinc, Lead, Nickel & NG)
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GLOBAL COPPER MARKET IN 130,000T DEFICIT IN FIRST HALF, VS 286,000T SHORTFALL YEAR AGO -ICSG

European stocks markets fell Wednesday, as a lack of a concrete solution to Greece's debt turmoil hampered the markets' enthusiasm.

Gold Stronger on Greek Worries http://bit.ly/nWazts

Gold and Silver Miners Beginning To Outperform Bullion http://bit.ly/oWBT9W

China And India Stoke Global Gold Demand http://bit.ly/r9Uw8K

Italy has debt rating cut by S&P http://ping.fm/Jcwow

Sensex rises by 180 points to regain 17K-level in opening trade. http://bit.ly/rkEOmu

Dell Announces Share Buyback Despite the Stock’s Under performance http://ping.fm/hEMWW

Technical analysis shows Commodities will drop about 8% by the end of 2011, market analyst Wang Tao said.
www.sQuareindia.com

China's stock market is at 52 week lows http://bit.ly/baHVq

Rupee is expected to appreciate in today trading session. However any negative news from the Euro Zone may lead bounce back in dollar.

Indian rupee remained lower against US dollar in noon trade Today as Europe's deepening debt crisis triggered a flight from riskier assets.

Silver is set for an even greater upward run than Gold http://bit.ly/pzMdB1

Pranab to attend IMF annual fund meet http://ping.fm/5z2i4

Germany Said to Ready Plan to Help Banks If Greece Defaults http://ping.fm/F4HDm

Euro Crisis Helps Gold Shine http://ping.fm/e7naT

Many injured in India explosion http://ping.fm/ToQBs

Bernanke Detailed U.S Bank Exposure to Europe http://ping.fm/WwaWD

G7 to seek ways to revive global growth http://bit.ly/oICXpy

World Bank expects slow US growth but no recession yhoo.it/oaH1Xv

Investors unable to see a quick resolution to euro zone crisis & the global economy at risk of slipping into another recession.
-sQuareindia.com

Gold surged to a record above $1,920 on speculation that Europe's debt crisis will worsen, damping economic growth & driving investors.

Silver market suggest at current prices that investing in silver could offer investors one of the single best long-term investments today.

Deutsche says Europe crisis could kill weak banks http://bit.ly/pqCk9R

Gold may Rise further on weak data http://bit.ly/pCVH9J

Indian companies raise money directly from bond market through public debt issues: Firms raised Rs.9,860 crore... http://bit.ly/rbk3or

Unsecured bond sales to test Europe’s banks: The region’s traditional August lull turned into an absolute fre... http://ping.fm/Xp4BA

Limited Offer:
Rs.1111 per month for MCX Buy & Sell Tips Pro+(Gold,Silver, Crude,Copper, Zinc,Lead, Nickel & NG)
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Gold Seen Rising Next Week As Economic Worries Persist http://bit.ly/n0EAlQ

Rupee off day's high as Euro slips http://bit.ly/pDbDnP

Markets dip ahead of US job data http://bit.ly/qKk4Dp

Medium to long term outlook continues to be EURO bearish and USD bullish ???

Today reports expected to show that US job market weakened further equities lower & boosting demand for the precious metal as haven.

FOMC dissenter Kocherlakota says Fed should stick to pledge http://ping.fm/C5msL

China Says Inflation Pressures Stay High http://ping.fm/5PDj6

Stocks, U.S. Futures Gain on Economic Outlook http://ping.fm/vxb6d

Kingfisher board approves Rs.2,000 crore rights share issue.
-sQuareindia Advisory Pvt. Ltd.

July GSM mobile addition slips to lowest since 2007.
-sQuareindia Advisory Pvt. Ltd.

Kiran Bedi: Anna will end fast after Parliament passes resolution.
-sQuareindia Advisory Pvt. Ltd.

Japan sees unexpected price rises http://ping.fm/Jzpzm

S&P Pushes Back at Blame for Rating Turmoil http://ping.fm/4QhQv

SP says market sentiment weakened before U.S. downgrade.
-sQuareindia Advisory Pvt. Ltd.

“Notice under Sec 193 means no voting on Lokpal”
-sQuareindia Advisory Pvt. Ltd.

Gold steady after bounce, Bernanke speech eyed http://bit.ly/qq7ovK

Americans Choose Gold as the Best Long-Term Investment http://bit.ly/qHcWTn

A Million Man March Against Israel? http://bit.ly/nIOSdf

Asia Stocks Swing Between Gains, Losses http://ping.fm/mxApH

Bank deposits hit record high of nearly $10 trillion: Americans have more money saved up in banks accounts than... http://bit.ly/nG1HdI

Federal Reserve Secretly Loaned Wall Street Elite more than $1 Trillion http://bit.ly/rcJn1h

Today's Economic Data:
"Unemployment Claims"
Actual:417K
Forecast:403K
Previous:412K
*Data Negative for Dollar
www.SriPadma.com

Libya's Gaddafi will try to sell Libyan Gold: ex-central banker

Citigroup cuts its global growth forecasts for this year with sharp reductions for US & UK as well as modest cuts for China & India.
-sQuareindia Advisory Pvt. Ltd.

US economic data & expectations of more Fed stimulus accelerated profit taking. Second hike in Gold's margin this month triggered sell of in metal.
-sQuareindia Advisory Pvt. Ltd.

Gold falls 5.6% to close at $1,757.30 in biggest one-day drop since March 2008.
-sQuareindia Advisory Pvt. Ltd.

Gold down sharply. No serious chart damage yet, but it appears bearish "key reversal" down confirmed.
-sQuareindia Advisory Pvt. Ltd.

Gold falls for a second day, down 4%, as investors cash out after recent record gains. http://on.wsj.com/n1A7BP

In 1982, In Singapore, LOKPAL BILL was implemented and 142 Corrupt Ministers & Officers were arrested in one single day.. Today Singapore has only 1% poor people & no taxes are paid by the people to the government, 92% Literacy Rate, Better Medical Facilities, Cheaper Prices, 90% Money is white & Only 1% Unemployment exists..!!

UBS bank also raised its 1month Silver forecast to $46 per ounce from $35 and its 3month forecast to $50 ounce from $33.
-sQuareindia.com

UBS said taking into account the possibility for a correction, it sees gold in a range of $1725-$2100 over the next 3months.
-sQuareindia.com

UBS raised its one-month gold forecast to $1950 per ounce from $1725 and its three-month forecast to $2100 per ounce from $1850.

Crude oil Inventory: -2.2M (Positive for crude oil)
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"Core Durable Goods Orders m/m"
Actual:0.7%
Forecast:-0.3%
Previous:0.6%
*Data Positive for Dollar
www.SriPadma.com

In 1980, Gold climbed to $835 completing a bull cycle that started at $34.95 in 1970... Gold to repeat 1980 climb?? http://ping.fm/316tg

Barclays Capital sees Gold prices to average $2000 in 2012. http://ping.fm/kvA7H

Moody’s Cuts Japanese Bank Ratings. http://ping.fm/Nlkyd

"Sensex provisionally closes down 1.4 %, SBI hits 52-week low"
-sQuareindia Advisory Pvt. Ltd.

"Kazakhstan Will Buy All Domestic Gold Production Starting January 1st, 2012"
-sQuareindia Advisory Pvt. Ltd.

Asia Gold buyers rush in on price dip; economy fears linger http://bit.ly/rqs4yX

Investors consider Gold over the yen and Swiss franc. www.sQuareindia.com

South African gold miner expects output for its 2012yr to rise 1.45m to 1.55m ounces adding capex is expected to rise 16% in coming year.
-sQuareindia.com

Sensex slips in noon trade, IT, telecom stocks under pressure. A benchmark index for Indian Equities markets.
www.sQuareindia.com

Japan Debt Rating Cut to Aa3 by Moody’s http://ping.fm/oggrc

Japan opens $100bn Yen-power fund http://ping.fm/J37C3

Indian Stock Market will fall further, but time to buy upon us. http://bit.ly/n1ZDSE

ALERT:
Citigroup forecasting Gold to decline during the 2013-2015 period.
Averages:
2012-$1650
2013-$1500
2014-$1350
2015-$1250
-sQuareindia.com
09333333333
08922222222
http://bit.ly/o5v0hh

Flash nEws: 5.8 earthquake in Virginia felt in Washington, New York City, North Carolina. www.sQuareindia.com

FLASH: Buildings shaking in Washington, DC area

Oil rallies, putting Libya on back burner http://ping.fm/sQqoa

S&P chief "to step down after US downgrade" http://ping.fm/qX2Bf

BREAKING: NY court denies request for special prosecutor; IMF chief Strauss-Kahn sex assault case dropped. www.sQuareindia.com

ALERT:
Citigroup forecasting Gold to decline during the 2013-2015 period.
Averages:
2012-$1650
2013-$1500
2014-$1350
2015-$1250
-sQuareindia.com

Federal Reserve Emergency Loans: Liquidity for Banks http://ping.fm/iZL0G

How Wall Street Invests Its Money in Hard Times http://ping.fm/c9dEN

FLASH: NY judge dismisses criminal sexual assault charges against from IMF chief Strauss-Kahn
-sQuareindia Advisory Pvt. Ltd.

Gadhafi is a blue chip investor - http://ping.fm/x37M6

World Stock markets rise amid hopes for Fed move http://ping.fm/UCO5Q

Libyan rebels seen firing into air inside Gadhafi compound in celebration -Reuters reporters

Swiss bank UBS announces big job cuts of 3500 - http://ow.ly/6ax3O

Analysts expect gains for Gold miners - http://ping.fm/cx4Ns

Analysts expect gains for Gold miners - http://ping.fm/tfPXT

Gold Declines From Record Above $1910 as Some Investors Sell - http://ping.fm/M5QLi

Positive bias to the Stock markets today. Mfg PMI economic data from China and Europe better than expected over-night.
-sQuareindia Advisory

Russia adds 100.000 ounces of Gold to Its Reserves in July - http://ow.ly/6a3c5

World stock markets rise amid hopes for Fed move http://ping.fm/mHHWW

Bank risk rises to record in Europe http://ping.fm/hzHDm

Base metals underpinned by Chinese data http://ping.fm/i5Cze

"Former Fed Chairman Greenspan says doesn't see a bubble in Gold"
-sQuareindia Advisory Pvt. Ltd.

FLASH: Russian official says spoke to Gaddafi by phone, quotes him as saying he is in Tripoli and will fight to the end.
-sQuareindia.com

New home sales fall to 5-month low in July http://ping.fm/rUATJ

U.S. Stock Futures Advance on Fed Speculation; Banks Pare Gains: U.S. stock futures rose, indicating the Stand... http://ping.fm/J98Rn

EUR/USD Up as Manufacturing Grows in Europe, Declines in US.

EUR/USD Up as Manufacturing Grows in Europe, Declines in US.

Today's Economic Data:
"New Home Sales"
Actual:298K
Forecast:313K
Previous:300K
*Data Negative for Dollar
www.SriPadma.com
Ph#08922222222

"According to Swiss Banks data there is $8.4 trillion from India"
-sQuareindia Advisory Pvt. Ltd.

Venezuela squeezes Gold, could create Bullish sentiment - http://bit.ly/p6fmeG

S&P 500 member stock correlations at the highest level since 1987 http://bit.ly/qx9nNI

It is only a matter of time before the Gold bubble bursts http://bit.ly/qprN2w

Outlook for Gold prices continues to be bullish. http://bit.ly/oCdozc

Sri Lanka gives Maldives credit http://ping.fm/EaWjX

Bank of Japan may ease monetary policy again http://ping.fm/wzAu8

U.S. Stocks Drop as Economy Concern Offsets Valuations; http://ping.fm/XiGwb

Gold surged to record highs 2day for 2nd consecutive session as investors reached 4r the safety of bullion amid a worsening economic outlook

Gold uncertainty surrounding the outlook for global growth is also very high, and that could further boost demand for safe haven.

Today's Economic Data:
"Unemployment Claims"
Actual:408K
Forecast:402K
Previous:399K
*Data Negative for Dollar

"Wholeseller Dhamaka"
Just pay Rs.600(+10.3%% Tax) per year for Every 3-5 minutes Live Bullion Market Rates Alert. *Limited Offer
-SriPadma.com
08922-222222

Outlook for Gold "Positive" following "Euro stagnation", Paulson hedge fund holds ETF position http://ping.fm/y70RV

Growth in China is expected to witness slowdown and this factor too will lead to pressure on oil prices today.
-sQuareindia Advisory Pvt.Ltd

Growth in China is expected to witness slowdown and this factor too will lead to pressure on oil prices today.
-sQuareindia Advisory Pvt.Ltd

Indian rupee opened in green against the US dollar on today aided by a firm euro and positive local shares.
-sQuareindia Advisory Pvt. Ltd.

India is thinking about setting up its own aid agency. Why should others give aid to India? http://ping.fm/xo5yk

Dubai Gold and Commodities Exchange volumes cross two million mark in 2011.
-sQuareindia Advisory Pvt. Ltd.,

Google to buy Motorola Mobility for $12.5 billion http://ping.fm/tA1kq

Dow Is Up Over 480 Points In The Final Hour Of the Trading Day.
-sQuareindia Advisory Pvt. Ltd.

Surprised Gold Prices Aren’t Markedly Lower On Margin Hike http://bit.ly/pRcL5m

Swiss May Have To Accept Strong Currency For Now http://bit.ly/pRcL5m

S&P 500 chart triggers "death cross" http://ping.fm/WaC9j

French banks at center of new funding crunch http://ping.fm/2CH9U

Italian market regulator CONSOB says there is no change to its short selling policy.
-sQuareindia Advisory Pvt. Ltd.

BREAKING: France Hit With Credit Downgrade Due to $1.3 Trillion Sexual Harassment Suit Against It.

Gold ETFs Weaken After Margin Hike: Gold exchange traded funds were moving lower Thursday after the Chicago... http://bit.ly/nDMTnj

Today's Economic Data:
"Trade Balance"
Actual:-53.1B
Forecast:-47.9B
Previous:-50.2B
*Data Positive for Dollar
www.SriPadma.com

Sensex opens in the negative, down 80 points.
-sQuareindia Advisory Pvt. Ltd.

Nikkei falls on European debt woes but US futures limit losses http://ping.fm/aIbIG

Gold dips but stays above $1,800 after CME margin hike http://ping.fm/Ft57t

Base metals are expected to receive downside cushion in near term as China is not expected to increase interest rates until 2012.

In May, Gold dropped $80 following an increase in the margin requirement. Again, If margin increased then we expect some drop in Gold.

Commerzbank Raises Gold Price Forecast, Cautions on Margin Calls http://bit.ly/oK6s6P

U.S 2-Year Notes Yield Falls to Record on Fed Move http://ping.fm/9Vnma

Markets down as Fed disappointed them; also Fed saying that economy is so bad that FF will stay at 0% till mid 2013 signals double dip risk.

Here's the Fed statement: http://ping.fm/prBIf

U.S. stock futures rally; Fed statement in focus http://bit.ly/nG1Q9y

Indian Markets turn volatile, sensex slips back into red after brief recovery.
-sQuareindia Advisory Pvt. Ltd.

Asian markets end lower with Hang Seng dropping 5.7% in last hour. Euro markets plummet in Tuesday morning trading. http://bit.ly/nqjkex

Asian Markets Recover From Day's Low. KOSPI Recovers 6%; Taiwan 5% From Day's Low
-sQuareindia Advisory Pvt. Ltd.

State Bank of Vietnam is watching closely the market situation & will allow Gold imports to prevent speculation & manipulation.
-sQuareindia

Flash nEws:
Morgan analyst sees gold at $2,500 by year-end http://bit.ly/oSKOWZ

Australian mkt in recovery mode was down 4% now 1.4%-ve australian index just 0.5% down and all asian mkts also recovering.
-sQuareindia.com

Morgan Stanley says downgrade could sting more http://ping.fm/wEKf3

"See Gold Rise... Silver Down... As we analyzed on sunday, Check our sunday postings"
-sQuareindia Advisory Pvt. Ltd.

"First time in 15 years, every single stock in the S&P 500 lost money today. That's Bears 500, Bulls 0"
-sQuareindia Advisory Pvt. Ltd.

Brent dives to 6-month low below $100, U.S. crude near $77 http://ping.fm/O3p7L

No Time to Panic, This Economy Can Hold Up http://ping.fm/IxXST

"A guy on CNBC just said he is short Gold. Good luck with that. -David Beahm"

Hong kong down 7%
Korea down 8%
Australia down 5%
Taiwan down 4%
Japan down 2%
US futures down 2.50%
-sQuareindia Advisory Pvt. Ltd.

Gold hits all-time high as equities tumble on U.S. downgrade.
-sQuareindia Advisory Pvt. Ltd.

Barack Obama says US will always be AAA country http://ping.fm/k4RcP

Japanese Finance Ministry said govt is ready to sell yen following last week's move if it sees speculative trades driving currency higher.

Physical buyers moved to the sidelines, keeping demand muted, as consumers awaited stability in prices.
-sQuareindia Advisory Pvt. Ltd.

Crude oil prices expected to come under pressure in near term on account of rising economic uncertainty has led to concern over demand.

Gold now $1699.99 only....

"FIIs in selling mode; sell shares worth $336.74 million last week"
-sQuareindia Advisory Pvt. Ltd.

What Next?
Gold Up, Silver down on next week???
-sQuareindia Advisory Pvt. Ltd.

"China ranks 2nd in the world in terms of Gold consumption"
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"Unemployment Rate"
Actual:9.1%
Forecast:9.2%
Previous:9.2%
*Data Positive for Dollar
www.SriPadma.com

We expect Gold to trade lower today on account of global stampede out of riskier assets on fears of spreading debt crisis & slowing growth.

Bank of Korea buys gold for first time in 12 years http://bit.ly/oJuDvg

Today's Economic Data:
"Unemployment Claims"
Actual:398K
Forecast:413K
Previous:422K
*Data Positive for Dollar
www.SriPadma.com

Gold Hits New High As Equities Tank On Debt Ceiling Stalemate.
-sQuareindia Advisory Pvt. Ltd.

"Crude prices are likely to fall further on profit booking in short term and may touch 95-93 levels"
-sQuareindia Advisory Pvt. Ltd.

Oil hovers above $98 as US debt deadline looms http://ping.fm/gAfEB

Nikkei holds gains around 10,000 before EU summit http://ping.fm/khSvN

Fed slaps Wells Fargo with record $85M fine. http://bit.ly/oAiJf1

Analysis: Crude Oil sustaining below short term moving averages & suggesting that prices may remain lower for the coming day also.

Launching www.LiveMarketRates.com for Comex, Nymex, Forex, NSE, BSE, Dowjones, Nasdaq, MCX, NCDEX & Local Bullion Market Rates.

Terrorists move to Skype, frustrate eavesdroppers http://ping.fm/uLFIn

Fed could keep rates low "much longer" http://ping.fm/dWNwb

Libya says Gaddafi govt held talks with US http://ping.fm/5zlf4

Launching www.LiveMarketRates.com for Comex, Nymex, Forex, NSE, BSE, Dowjones, Nasdaq, MCX, NCDEX & Local Bullion Market Rates
-SriPadma.com

China Raises Rare Earth Export Quota, EU Not Satisfied http://bit.ly/mOVDlE

Comex Gold Hits Another Record High amid European, U.S. Debt Concerns http://bit.ly/nXy3j5

South Korea sells Brazilian Oil leases http://bit.ly/oUCb17

"Wall Street extends losses; Nasdaq down 1%"
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"Retail Sales m/m"
Actual:0.1%
Forecast:-0.1%
Previous:-0.2%
*Data Positive for Dollar
www.SriPadma.com

Today's Economic Data:
"Unemployment Claims"
Actual:405K
Forecast:413K
Previous:418K
*Data Positive for Dollar
www.sQuareindia.com

"Mexico's leading Miner Fresnillo expect to produce 50,000 ounces of Gold & 10 million ounces of Silver from its new Saucito mine by 2013"

IEA says oil demand will rise by 1.5 mln barrels a day in 2012. The body stands by its decision to release oil and says the emergency sale added liquidity and flexibility to the market. it warns on OPEC output capacity.

Fed officials believe further monetary policy easing could be needed if recovery remains too sluggish to cut stubbornly high US jobless rate

Crude oil rallied more than 1% traded above $97 paring previous losses on bullish inventory data expectation supported by weaker dollar.

Analysis: Global Gold mining supply would kick in strongly from around 2014. Gold may hit $ 4,869/oz in 2020.
-sQuareindia.com
09333333333

Obama says cannot guarantee social security checks will go out August 3 if debt ceiling issue not resolved -CBS interview

Obama says cannot guarantee social security checks will go out August 3 if debt ceiling issue not resolved -CBS interview

The fate of the Italian bond-market is crucial to euro's future. http://bit.ly/raptlV

"Euro Falls to Four-Month Low"
-sQuareindia Advisory Pvt. Ltd.

EIA says Oil price outlook remains "uncertain"
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"Trade Balance"
Actual: -50.2B
Forecast: -44.1B
Previous: -43.7B
*Data Positive for Dollar
-sQuareindia.com

Euro hit record low against Swiss franc as doubts lingered even European financial officials offered steps to tackle sovereign debt problems

Fed Can Manipulate Markets, But Can't Reverse Economy http://bit.ly/rl7H2p

Gold Up, Silver Stumbles On Debt Woes & China's Inflation Signals http://bit.ly/opJKVM

"Rising dollar put pressure on Crude Oil and helping boost Gold & Silver"
-sQuareindia Advisory Pvt. Ltd.
www.sQuareindia.com

Fed on Hold Longest Since 1940s http://ping.fm/yLkXt

"Russia Sells Gold as World Prices Rise" http://ping.fm/rptZp
-sQuareindia Advisory Pvt. Ltd.
Dial: 9333333333

*S&P futures down 1.1% on the disappointing jobs report.
*Oil is down $2 a barrel.
*Gold is up $10 an ounce.
-sQuareindia Advisory Pvt. Ltd.

Today's Economic Data:
"Non-Farm Employment Change"
Actual:18K
Forecast:97K
Previous:54K
*Data Negative for Dollar
-SriPadma.com
08922222222

Investors awaited key US non-farm payrolls data later in the global trading day for signs of economic recovery.

Canadian Dollar Surge on Positive Employment Data.

Gold Prices Soften as Silver Miners Move Higher on EU Rate Hike http://bit.ly/nsVagj

Today's Economic Data:
"ISM Non-Manufacturing PMI"
Actual:53.3
Forecast:53.9
Previous:54.6
*Data Negative for Dollar

Oil Drops on China Rate Hike.
-sQuareindia Advisory Pvt. Ltd.

Euro Hit by Global Market Concerns http://ping.fm/ahTw7

Market will maintain its bearish slant while the metal holds below $1,518 but will shift neutral on a close back above level.
-sQuareindia

China's central bank raises interest rates http://ping.fm/Xnjh7

World stocks lower as investors focus on Europe http://ow.ly/1dDVCx

Lakshmi Mittal plans mega-mine to get iron ore in the Arctic Circle.
-sQuareindia Advisory Pvt. Ltd.
www.sQuareindia.com

Base metals are expected to come under pressure on account of a stronger dollar coupled with increasing concerns over Euro Zone debt crisis.

Investors watching ongoing strike in Freeport McMoran's Indonesia mine as well as threat of a strike in South Africa's main Gold mines.

Nikkei ends above 10,000, highest since March 11.
-sQuareindia Advisory Pvt. Ltd.

Sensex choppy; Sesa Goa, Bharti, DLF, Cairn up: Benchmarks were witnessing a sluggish session due to lack of buy...

Asian Stocks Rise as Hyundai Heavy Jumps; Chinese Banks Plunge: Asian stocks rose, reversing earlier declines.. http://ping.fm/51KFd

Japan's Nikkei at post-quake high http://ping.fm/kGoXl

Former IMF chief Dominique Strauss-Kahn, accused of charges of sexual assault, released from house arrest by a New York court.

Base metals might find profit taking pressure in today's session, Greek austerity vote & also fall in US job claims supporting the gains.

Going into the holiday weekend today(Canada Day) & next week(Independence Day) we should naturally get a lift in the market.-sQuareindia.com

Gold, Silver & Oil move lower with the dollar and this tells me there is a short term relief in the way trades are feeling about the economy

Base metals rallied so far on Thursday, amid Greece austerity plan approval, Interest rates hike by European central bank & weak US dollar.

IMF warns to hike debt limit to avert further possibility of global shock may support yellowmetal, weakness in dollar further supports metal

German Unemployment Fell Again in June http://ping.fm/lv8qf

We expect further rise in Gold on account of a weaker dollar overseas. However easing tensions from euro zone may prompt profit taking.

Gold risen as investors parked their money in a traditionally safe investment, fearful about volatility in US stock market & global economy.

Greek citizens withdrawing savings and buying gold http://bit.ly/juBsjo
-sQuareindia Advisory Pvt. Ltd.

U.S. Stocks Fall on Concern Debt Crisis in European Nations Will Intensify http://ping.fm/1VWpT

Iran condemns IEA decision to release oil stocks http://ping.fm/8kiTv

Draghi Appointed to Succeed Trichet at ECB http://ping.fm/UYJGP

China to cut import duty for oil products from July 1st.
-sQuareindia Advisory Pvt. Ltd.

Bullion continued loosing ground on back of stronger dollar after Fed comment as well as profit booking by investors after a hefty rise.

Gold edged down, ahead of the outcome of a US Federal Reserve meeting, which could squeeze the dollar but worries that Greek debt crisis.

Rupee opens positive against dollar on Today supported by Asian equities & currencies, traders expecting US Federal Reserve to hold rates.

Gold gave up early gains on Monday but still supported by eurozone debt woes after ministers delayed a decision on emergency loans to Greece

Greek PM seeks referendum on 'changes to the political system' including nation's constitution: http://ping.fm/2ooSp

Euro zone finance ministers meet today in Luxembourg http://ow.ly/1tUC2j -sQuareindia Advisory Pvt. Ltd.

Comex Gold, Silver Rally on Safe-Haven Buying, Further Weakness in U.S. Dollar Index http://bit.ly/jcJXpz

CME Group Announces 10% Decline In Margins For Comex Gold http://bit.ly/kkBrGH

IMF cuts U.S. growth forecast, warns of crisis - (Reuters) The International Monetary Fund cut its forecast for U.S... http://ow.ly/1dijR2

Gold futures eased Today on a drop in overseas market, but a weak rupee limited downside, spot demand was weak. -sQuareindia Advisory

Today Oil expected to trade in negative bias taking cues from dollar strength coupled with choppy sentiments in global equity markets.

Reserve Bank of India in its mid quarter policy review today raised the repo and reverse repo rates by 25 bps.

Gold falls as Fed stays quiet on monetary policy http://bit.ly/lRAaUK

Investors expect European Central Bank will be quicker to raise interest rates than Fed, so the euro has risen nearly 10%on dollar this year

Crude continued to slip Asia today with traders waiting OPEC decision in which expected to raise production quotas when it meets in Vienna.

OPEC's meeting focus is expected to turn to weekly inventory. Report is expected to show a 400,000 decline in US oil stockpiles.

OPEC could decide 2 push oil prices lower by increasing production.OPEC officials said prices r too high &threaten global economic recovery.

There are increased expectations that the ECB at its meeting Thursday could signal an interest rate hike of 25 basis points in July.

Gold consolidating sideways between $1515 & $1562. Daily RSI is pointing higher, but is not characteristic of a strongly trending market.

Analysts said the yellow metal is likely to extend gains during the day as its safe haven appeal climbing on Mid East and euro zone crisis.

Gold & Silver should continue higher this week as dollar weakness & continued geopolitical uncertainty will support the precious metals.

Dollar is looking like it will slide to new low then reverse sharply to upside in next 2-3 months sending stocks & commodities to lower.

IMF Reaches Staff Level Agreement with Egypt on a US$3 Billion Stand-By Arrangement http://bit.ly/liltL7

17 Analysts survey about Next week Gold:
15 forecast Rise
1 said Fall
1 member Neutral

Gold ends higher oil falls sharply in New York http://bit.ly/kvLM84

U.S stocks open with steep declines after disappointing jobs report http://ping.fm/4Ww1v

Today's Economic Data:
"Unemployment Rate"
Actual:9.1%
Forecast:9.0%
Previous:9.0%
*Data Slightly Negative for Dollar

Today's Economic Data:
"Non-Farm Employment Change"
Actual:54K
Forecast:161K
Previous:244K
*Data Negative for Dollar

Crude Oil is hovering above $100 amid mixed movement in Asian stocks as traders maintain caution ahead of the all-important US nonfarm data.

Analysis:
"Gold & Silver immediate Support at $1522 & $35.42 levels"

S&P and sector percentage of stocks above their 50-day moving averages: http://tinyurl.com/6x3l628

EIA Crude Inventories:
#Crude Rise 2.9M
#Distillates Down 0.5M
#Gasoline Rise 1.6M

Today's Economic Data:
"Unemployment Claims"
Actual:422K
Forecast:416K
Previous:424K
*Data Positive for Dollar

We expect prices to move after EIA report release, but if pessimism continues to dominate investors, we should expect crude oil to drop.

Downside looks limited for Gold as the bad economic data, the downgrade of Greece by Moody's are keeping the metal supported.

Stock index futures signal higher open http://ping.fm/jgg16

Euro at three-week high vs. dollar, Japan data lifts Nikkei http://ping.fm/Skq5i

Japan’s Unemployment Rate Rises to 4.7% in April http://bloom.bg/j5Fr26

Some unspoken truths about Japan’s security relationship with America http://ping.fm/nn8uY

No Surprise Again… Ireland Needs More Cash & Greece Ready To Sink further: The Fundamental View http://bit.ly/jsZY32

Shanghai Gold Exchange trades 6051 tons of gold in 2010 http://bit.ly/jiBhmm

Silver turnover on COMEX has tripled this year against 2010.

Peru mining union federation suspends nationwide strike http://ping.fm/tJvC2

Peru Miners Call Off May 30 Strike Ahead of June 5 Election: http://ping.fm/HvD5v

Cooling facility stops at Fukushima No.5 nuclear reactor http://ping.fm/nCQrn

China's Gold Demand Seen Rising by 17% in 2011 -Forbes http://ow.ly/1cUIqw

Dollar weakened for a second day against the euro and yen before reports that economists said will show US consumer spending slowed.

IMF May Withhold Greek Aid: Juncker http://ping.fm/yTds8

Sensex rises 1.1%; Reliance Industries, ONGC lead.

China gold output at 400 T this year - China National Gold Group: http://bit.ly/lZHCco

China oil demand expected to hit almost 560 mln T by 2015

Oil off highs as euro slips on euro zone debt fears http://ping.fm/CMn7B

Silver premiums fall as retail investors exit market http://ping.fm/ClTzM

Peru's Buenaventura Says Workers Start Strike at Gold Mine http://ow.ly/1cQQmf

We expect that the ongoing loss of Libyan Crude oil production and disappointing non-OPEC production will continue to tighten the oil market

Investors ditched the euro and turned to Gold as a safe haven after 5th cut Greece's debt ratings by three notches.

Gold and Silver at Stronger Positions in the Global Market http://bit.ly/lYr3X6

Crude have dropped sharply & US dollar index is posting strong gains, which are working to pressure precious metals markets.

Euro breaking / Dollar rising ahead of Spain elections; macro-mkts soft.

Dollar gains on Euro and the market dips...!!

Russia's largest gold miner Polyus Gold plans to merge with an international gold mining com... http://tinyurl.com/3snaoxe

U.S. crude oil steadies below $99 as dollar rises http://ping.fm/bP6UT

Central bank Governor said China's foreign exchange reserves were excessive, so PBOC may set up precious metals fund to diversify investment.

"China's gold demand grew largely because its central government has a positive view on Gold"

Gold eased in Europe as Euro surrendered early gains to soften,but trade was muted as investors awaited firmer direction from currency markets.

Silver is likely to take cues from the direction of dollar and release of important economic data from across the globe.

Crude oil is expected to trade higher today mainly tracking weakness in the dollar and supply disruptions from Canada.

Riposte to Warren Buffet's views on Gold http://ping.fm/upSI4

Oil jumps back above $100 a barrel; Gas prices down http://ping.fm/MpBoJ

Indian rupee ended higher against dollar, but upside is seen limited on concerns of cash dollar shortage & strong defence related payments.

Hong Kong Mercantile Exchange Begins Trading http://ping.fm/L1NKr

Commodities to Extend Rebound on Gold, Oil http://ping.fm/aCeU2

US Treasury Secretary calls for new leadership of IMF http://bit.ly/l8mh3b

Comex gold, silver posting solid gains in early U.S. trading, as crude oil firmer, U.S. DX weaker. Trading has turned choppy in the metals.

IMF chief on suicide watch in jail: report: International Monetary Fund chief Dominique Strauss-Kahn, who is faced... http://bit.ly/mp0i95

Logo

Sensex in red; RInfra, Tata Motors, SBI, RIL down http://ping.fm/5k0aW

Chinese Largest Gold Coin Sold for 7.70 million Yuan http://ping.fm/ggY7p

Rupee remained higher against dollar in noon trade mainly on firmer regional peers but upside is seen limited concerns of cash dollar shortage strong defence-related payments.

"If Chinese growth slows down in the 2nd half of the year, then perhaps some of the shine in commodities is going to come off in medium term"

"World's 2nd largest energy consumer China said it will gradually increase production & usage of non fossil fuels to nearly 12% by 2015"

www.MCXindia.in - Multi Commodity Exchange Tips, nEws & Recommendations hub..!!

Join @ www.MCXindia.in

Rupee could depreciate by 20% in two years

NEW DELHI: The Indian Rupee may depreciate by around 20 per cent during next two years on account of dip in confidence about the domestic economy leading to outflow of funds.

According to a report by financial and business reserach firm Evalueserve, there will be pressure on the Rupee unless steps are taken to fix certain structural issues like high current account deficit and dwindling investments.

"During the next two years the probability of the INR (Indian Rupee) to depreciate is the highest (about 50 per cent) as compared to an appreciation or a status quo scenario," Evalueserve said, adding that the depreciation could be in the range of around 20 per cent.

During the past 12 months, the INR has traded in a relatively narrow range between 47.33 and 43.99 to the USD.

"However, the pressure on its stability seems to become more evident," it said.

Evalueserve said INR's depreciation could be fuelled by exit of FII money and lack of investor confidence on account of governance issues, besides high current account deficit (which is the net flow of income out of the country, barring capital movements).

"Even a relatively orderly outflow of USD 15 billion of FII money over a year could result in the INR depreciating by 22-30 per cent. This could imply an exchange rate in the range of INR 55-60 to every USD," it said.

The situation could be even worse in case the outflow in more faster.

Foreign funds have pulled out nearly Rs 3,400 crore from the Indian stock market during the first half of May as interest rate pressures continue to mount.

"This risk (outflow) is also heightened by the fact that India's capital markets are very shallow and do not have the capacity to absorb even moderate external shocks," it said.

Evalueserve pointed to structural factors like the high inflation, which has been blamed on supply side challenges, problems of governance as shown by recent scams, and high deficits.

"Inflation is at an all-time high... The monetary policy changes undertaken by the government to control inflation have been ineffective," the report said, attributing inflation to supply side challenges including lack of infrastructure.

It said that India is the only BRIC economy where Foreign Direct Investment (FDI) has shown a fall. FDI fell to USD 19.4 billion in 2010-11 from USD 25.8 billion in 2009-10.

"This is troubling as FDI is an important indicator of investors' faith in a country's long-term prospects. Foreign Institutional Investment has been buoyant, but these funds are volatile by nature and are prone to 'flight risk' at the first signs of trouble, something that happened during the financial crisis," Evalueserve said.

It also blamed the recent scams -- as highlighted by the 2G spectrum and CWG case -- for creating a perception of governance deficit in India.

"This, combined with regulatory and tax uncertainty, will deter many foreign investors," the report said.

While the government has not been able to liberalise sectors like insurance for foreign players, the Goods and Services Tax had to be postponed due to lack of consensus among political parties.

Evalueserve also said the ongoing political crisis in part of Middle East and North Africa can seriously hurt remittances. The MENA region contributes to a substantial chunk of USD 55 billion remittance received annually from Indians residing abroad.

Regarding deficits, it said: "The government finances are in a bad shape and the combined central and state government deficit has stubbornly stayed around 10 per cent of GDP."

The RBI had earlier this month said it expects India's current account deficit to be around 2.5 per cent of GDP in 2010-11.

The report said that while such a rate is normal for growing economies, in India's case it bodes ill due to lack of government savings.

"Moreover, given India's rising import bill and threat to remittances, the deficit will remain high in the near future, creating pressure on the INR," it said.

Source: http://economictimes.indiatimes.com/markets/forex/rupee-could-depreciate-by-20-in-two-years-report/articleshow/8394512.cms

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