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, February 05, 2014

Gold edges up after private-sector jobs data
Feb. 5, 2014: Gold for April delivery rose $2.10, or 0.2%, to $1,253.30 an ounce on the Comex division of the New York Mercantile Exchange. March silver added 34 cents, or 1.7%, to $19.76 an ounce.

Gold is “modestly rising after the under-whelming ADP employment number,” said Jeffrey Wright, managing director at H.C. Wainwright.

Last month the private sector added 175,000 jobs — the lowest result in five months — down from 227,000 in December, Automatic Data Processing Inc. reported.

“While not bad was less than anticipated, the ADP number puts a lot of pressure on the official U.S. employment number, another key indicator will be labor participation rates, released on Friday,” he said. “If this data point does not meet expectations, there is speculation the FOMC could examine the rate of ‘tapering’ or delay the next step down of $10 billion” to the Federal Reserve’s bond-buying program.

“Any delay or reduced impact of tapering would be a positive for gold in the coming weeks,” said Wright.

Still, some upbeat economic data caused gold to pare some of its earlier gains. The ISM services index rose to 54% in January, as expected, from 53% in December.

For now, David Govett of Marex Spectrum told clients to stay the course and that this isn’t a trending market.

“I am sure that at some point, it will break one way or the other and will catch most of us unawares, that is the way of the gold market,” he wrote. “But for the moment, stick with what works. Sell strength, buy weakness.”

Marshall Gittler, strategist at IronFX, said the market remains trendless from a technical perspective.

“I remain neutral on the precious metal, since a dip below the $1,235 support is needed to confirm that the advance [from Dec. 19 to Jan. 27] was just a retracement of the major downtrend,” he said, in a note. A violation, however, “of the previous high at $1,268 may turn the picture positive again. Both momentum studies lie near their neutral levels, confirming investors’ reluctance to choose the next trending direction of the metal.”

On Tuesday, gold prices closed 0.7% lower as the dollar edged higher and as stocks rose. Still, gold is up about nearly 5% this year after being down 28% last year, as the stock market continues to wobble its way through the early part of 2014.

Elsewhere in metals trading, April platinum PLJ4 +0.59%   gained $7.10, or 0.5%, to $1,380.50 an ounce, while March palladium PAH4 +1.56%   rose $11.50, or 1.6%, to $711.60 an ounce. High-grade copper HGH4 -0.08%   added less than a penny to $3.20 a pound. 

Courtesy: Market Watch