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.....👍✌

Wednesday, September 25, 2013

PRECIOUS-Gold rises on bargain hunting, snaps 3-day drop
  • Bargain hunting helps gold reverse early loss     
  • Barrick Gold CEO in talks on further asset sales     
  • SPDR inflows drop again, physical demand weak
NEW YORK/LONDON, Sept 24 - Gold rose on Tuesday as physical buying at lower prices and technical support helped bullion snap a three-day losing streak.
Earlier in the session, the precious metal was down after U.S. economic data showed slowing growth in U.S. home prices in July and a dip in consumer confidence this month.

Gold later turned higher on bargain hunting and technical buying after bullion rebounded from a session low near $1,300 an ounce.

"Buyers have been stepping in each time gold holds support down near $1,300 an ounce, which looks like a short-term bottom for now," said Michael Matousek, head trader at U.S. Global Investors, which has about $1.2 billion in mutual-fund assets.
"Investors are now adjusting positions against the uncertainty on Fed tapering," he said.     Spot gold was up 0.2 percent at $1,323.70 an ounce by 3:13 p.m. EDT (1913 GMT).

U.S. gold futures for December delivery settled down $10.70 an ounce at $1,316.30, with trading volume in line with
its 30-day average, preliminary Reuters data showed.

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

Gold is falling because markets are now expecting an improvement in the next U.S. labour market next week, which could lead to the Fed tightening, as the Fed's decision is data dependent," Quantitative Commodity Research owner Peter Fertig

Gold premiums across Asia remained weak due to subdued physical demand ahead of what is typically a strong buying 
period for top consumers India and China as they head into wedding and festival seasons.

Moves by India to cut gold imports as it wrestles with its ballooning current account deficit have been keeping buyers at bay.

In gold mining news, Barrick Gold Corp is in talks on further asset sales, with the focus on divesting smaller, higher-cost mines, Chief Executive Jamie Sokalsky told Reuters on Tuesday.

As a gauge of investor interest, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund,
fell 0.1 percent on Monday from Friday, having shed another tonne last week. That has brought its total outflow for the year to 440 tonnes.

In other precious metals, silver gained 0.6 percent to $21.72 an ounce. Platinum rose 0.6 percent to $1,423.49 an ounce and palladium climbed 0.9 percent to $718.75 an ounce.

Courtesy: Reuters