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.

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