Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌



Tuesday, September 24, 2013

Gold firms after three-day drop, Fed uncertainty persists
SINGAPORE: Sep 24, 2013: Gold edged up on Tuesday after dropping for three sessions, but gains were limited as uncertainty over when the U.S. Federal Reserve would begin tapering its stimulus dented bullion's appeal as a hedge against inflation.

The Fed shocked markets last week by deciding not to reduce its asset purchases from the current $85-billion monthly pace, contrary to expectations for a $10 billion cut from September in its bond buying -- which is tantamount to printing money.

New York Fed President William Dudley however said on Monday that the U.S. central bank should still be able to reduce its support for the economy later this year, while St. Louis Fed President James Bullard earlier said that stimulus could be scaled back in October depending on economic data.

"As long as this backdrop remains, we can expect gold prices to remain volatile," said OCBC Investment Research's Lim Siyi, who tracks exchange-traded funds.
"Most investors have a wait and see attitude right now because it is very hard to predict the upside, especially with all the speculative positions."

Spot gold rose 0.4 percent to $1,326.36 an ounce by 0252 GMT, while silver gained 1 percent. Gold shed 3.2 percent over the past three sessions.

Worries that central banks' money-printing to buy assets will stoke inflation have been a key driver in boosting gold, which rallied to an 11-month high last October after the Fed announced its third round of aggressive economic stimulus.

Speculators slashed bullish bets in futures and options of U.S. gold and silver markets, a weekly report by the Commodity Futures Trading Commission showed on Friday.

PHYSICAL DEMAND STILL WEAK

Gold premiums across Asia remained weak due to lacklustre physical demand ahead of what is typically a strong buying period for top consumers India and China, which are headed into a wedding and festival season.

But the Fed uncertainty and India's attempt to cut gold imports as it tries to wrestle down its ballooning current account deficit are keeping buyers at bay.

"Physical demand is not strong enough to support prices," Lim said.

Gold importers in India are hoping stocks lying at airports would get customs clearance by Tuesday, following a meeting with government officials last week, before they ship more for exporters ahead of the Christmas season.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, have been falling again after a brief burst of inflows in August.

(Editing by Himani Sarkar)

Courtesy: Reuters