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.

Tuesday, March 18, 2014

Bullion counter may extend its upside momentum amid ongoing tensions between Russia and Ukraine, which resulted in safe haven buying.

Escalating tension in Ukraine will remain in focus for the bullion investors in the near term. Global ETF demand along with strong Chinese demand is also lifting the prices. Gold advanced 14% this year on demand for a safe haven as turmoil in Ukraine hurt emerging market assets already weakened by cuts to U.S. stimulus, while growth slowed in China, the largest consumer. Recently, President Barack Obama and Chancellor Angela Merkel have warned the ballot has no international legitimacy. Gold may move in the range of 30000-31200 in MCX while white metal silver can hover in the range of 45500-49500. 

The gold/silver ratio has moved up from 60 to 64.5 which showed that gold outperformed Silver recently. This ratio can hover in the range of 62-66 in the near term. Holdings in the SPDR Gold Trust increased to 813.3 metric tonnes yesterday the most since Dec. 20. 

The yellow metal rebounded this year, even as the U.S. Federal Reserve, which next meets March 18-19, announced reductions of bond buying in each of its past two meetings. Last year, COMEX gold slumped by 28 percent, the most since 1981, amid a U.S. equity rally to a record, muted inflation and speculation that the Federal Reserve would taper monetary stimulus. Meanwhile, physical buying, particularly out of Asia, has been subdued at best for the past few weeks.