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.....👍✌

Monday, October 07, 2013

Gold rises even as U.S. shutdown carries on
Gold futures traded higher in the early part of Monday’s Asian session even as the U.S. government shutdown stretches on, applying pressure to riskier assets in the process. 

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 0.24% to USD1,313.10 per troy ounce in Asian trading Monday. The December contract settled lower by 0.58% at USD1,309.90 per ounce last Friday. The yellow metal dipped almost 2.2% last week. 

Gold futures were likely to find support at USD1,278.20 a troy ounce, the low from October 2 and resistance at USD1,344.40, the high from September 27. 

Bullion was boosted a bit Monday as the U.S. dollar traded lower against some of its major rivals. Although gold had recently shown signs of a possible rebound in August, September proved to be rough month. Worse yet, October is traditionally a dreadful for gold bulls. Since the 1980s, October is no better than the tenth-best month of the year for gold, on average. 

Markets were also mulling over how the political deadlock in Washington will impact on negotiations to raise the U.S. debt ceiling, which the U.S. Treasury Department has estimated will be reached by October 17. 

The shutdown prevented the release of September’s non-farm payrolls report last Friday and speculation is increasing that if the shutdown runs into the debt-ceiling deadline, the U.S. could see its sovereign credit rating lowered. 

Elsewhere, Comex silver for December delivery added 0.31% to USD21.820 per ounce while copper for December delivery gained 0.28% to USD3.309 an ounce.