Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Thursday, September 19, 2013

Investor sentiment on gold sees upswingSentiment is expected to remain bullish
[Editor: Till yesterday, this financial daily was asking all not to invest in GOLD; but today suddenly their views changed....Huh!! Now will this paper pay for the losses of those who shorted GOLD, reading the outlook of their analysts? But, on the flip side, some investors/ traders never learn from their mistakes of trusting a financial daily blindly. Once they see, a news they jump to either sell or buy the scrip, without understanding what it actually means--this is the irony. This blog  has been maintaining BULLISHNESS on GOLD, since the last few weeks]
The US Federal Reserve’s decision to continue bond-buying has lifted investor sentiment for gold and silver. After the Fed announcement, both metals went up over five per cent in the US market. In Indian market also, both metals rose, but the rise was capped because of appreciation in the dollar value of the rupee.

In the Mumbai spot market, gold climbed 0.9 per to Rs 30,280 per 10g, while silver moved up 1.8 per cent to Rs 51,815 a kg. Spot gold internationally was trading at $1,367.51 per ounce, up 0.2 per cent, while spot silver was trading flat at $22.97 per ounce. Gold on MCX in day trade stood at Rs 30,424 per 10 g, compared with Wednesday’s close of Rs 29,990 per 10g. Silver was at Rs 51,185 a kg, compared to Wednesday’s close of Rs 49,577 a kg.

Market participants say by continuing bond-buying, the Fed has ensured the dollar remains weak, which means money will flow to risker assets like equities and gold.

“Large part of liquidity will go towards equities in the US, but investors will also buy gold as it has been trading lower and international gold could go up to $1,450,” says Gnanasekar Thiagarajan, director-Commtrendz Research. “In India, however, weaker dollar means stronger rupee, which will cap the rise in gold prices.”

He believes base metals are expected to see offtake and hence prices will remain high which will also benefit silver. Because of the rising rupee, the gold price in the Indian market might not go up fast. Gnanasekar puts the Indian price target at Rs 31,000 per 10g.

Reena Rohit, an analyst with the Angel Commodities says: “Easy liquidity has been good for gold price and that was reflected today after yesterday’s (Fed) announcement. Investors are back to the market.”

While from domestic demand side, inauspicious fortnight (pitru paksha) for gold buying is beginning from Friday, retail customers will stay away from the market for the time being. However, “traders have started buying gold to remain prepared for the upcoming demand season,” says Rajiv Popley, director, Popley Group.

On the other hand, base metals traded on a negative note on Indian markets despite commodities moving up internationally, due to appreciation in the rupee.. 

Courtesy: Business Standard