Courtesy: The Business Standard
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, January 13, 2014
Gold rallies to highest in a month as U.S. jobs growth slows
Reuters | SINGAPORE January 13, 2014
Gold extended gains to a third session on Monday to hit its highest in a month after a surprisingly weak U.S. jobs report stoked expectations that the Federal Reserve could temper the pace of its stimulus wind-down.
A weaker U.S. dollar also supported prices, although physical demand in China - the world's biggest bullion consumer - dropped off due to the rally in prices.
Spot gold was up 0.4 percent at $1,251.60 an ounce by 0313 GMT, after hitting $1,254.05 earlier - its highest since December 12. "Prices may continue to rise till $1,267," said Joyce Liu, an investment analyst at Phillip Futures. "As it's earnings season for U.S. equities, large disappointments in company earnings may also direct some funds back to gold."
"However, the general macroeconomic sentiment and outlook continue to weigh on gold, especially as bond yields continue to rise and prospects for USD remain upbeat. As such, we would consider gold prices this week to be largely supported but vulnerable to end the recent rally."
Gold lost nearly 30 percent of its value in 2013 as strong U.S. economic data prompted the Fed to scale back its stimulus. In January, however, gold prices have been supported by weaker equities and robust demand in China ahead of the Lunar New Year.
A slowdown in outflows from SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, has also helped.
Prices were given a renewed boost by Friday's U.S. nonfarm payroll data which showed that U.S. employers hired the fewest workers in nearly 3 years in December.
Markets believe the weak jobs report could prompt the Fed to proceed with caution in tapering its historic monetary stimulus. The Fed last month announced its first cut to the $85 billion monthly bond purchases. Other data on Friday showed that hedge funds and money managers raised their net long positions in gold futures and options for a second straight week.
On the Shanghai Gold Exchange, premiums for 99.99 percent purity gold fell to about $15 from Friday's $18 as the price gain deterred some buyers.
Buying from China was strong last week due to new year purchases but have now slowed, traders said.
Courtesy: The Business Standard