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Showing posts from January, 2013

Is there really as much physical gold as sold on paper? -more and more countries repatriate their reserves of physical gold

15 Ton Gold Repatriation Hits JP Morgan London Vaults As more and more countries repatriate their reserves of physical gold held in bullion banks around the world, the supply of physical gold is under increasing pressure, calling into question whether all the gold held in ETFs or pledged as collateral can be redeemed. Ref: https://wealthcycles.com/features/15-ton-gold-repatriation-hits-jp-morgan-london-vaults?utm_medium=email&utm_campaign=THE+WEEKLY+CYCLE+1232013&utm_content=THE+WEEKLY+CYCLE+1232013+Version+B+CID_4cfd76993b7c87759fff63add6b9dc25&utm_source=Webmail%20Marketing&utm_term=read%20more To understand why countries are woried about their gols see: http://drkhalid.blogspot.in/2012/11/what-has-caused-non-gold-linked.html Forecast of Gold for 2013: http://drkhalid.blogspot.in/2013/01/gold-price-forecast-2013-gold-technical_6.html

In india, Diesel price hike will increase price of all goods through inflation: Bank of America merryl lynch

Bank of Amercia-Merrill Lynch (BofA-ML) today said the recent partial diesel price hike will inflict a 1.20% burden on the already sticky inflation and that the price index will remain elevated throughout the next fiscal.
http://www.business-standard.com/india/news/diesel-price-hike-may-add-120-bps-to-inflation-bofa-ml/203359/on

Russia is due to overtake the German economy by 2020, and the E7 club of emerging economies will take the reins of the world economy in another 30 years :PriceWaterhouseCoopers

Russia is due to overtake the German economy by 2020, and the E7 club of emerging economies will take the reins of the world economy in another 30 years according to a PriceWaterhouseCoopers report. “Russia could overtake Germany well before 2030 to become the largest European economy, but in the global rankings might then be overtaken itself by Brazil before 2050”,says PwC in its Beyond the BRICS report. Such emerging economies as Mexico and Indonesia could be larger than the UK and France by 2050, with Turkey outpacing Italy, the paper adds. Overall, among the seven largest emerging economies that make up the E7 club, Asian countries are expected to become the leading economic powerhouses.China is once again projected to become the number one world economy, pushing the US into second position, with India coming in third and Brazil taking the 4th place ahead of Japan by 2050. The E7 club includes China, India, Brazil, Russia, Indonesia, Mexico and Turkey. The collective GDP of the se…

Italy will need to find 8 billion euros to finance jobless schemes and faces a 6 billion-euro revenue shortfall

Italy may need at least 9 billion euros ($12 billion) in additional budget measures in 2013 to meet its deficit targets as the worsening recession hurts tax revenue and fuels unemployment costs, a Finance Ministry official said. Italy will need to find 8 billion euros to finance jobless schemes and faces a 6 billion-euro revenue shortfall from value- added and gambling taxes, Finance Undersecretary Gianfranco Polillo said in an interview in Rome. That will be partly offset by a bigger-than-expected take from a new property tax and falling debt financing costs that will add 5 billion euros in resources. The Bank of Italy today cut its forecast for the economy, predicting a contraction of 1 percent this year compared to a previous forecast of a 0.2 drop, saying the global slowdown and weak domestic demand were choking growth. That will make it harder for Italy to meet its goal of a 2013 deficit of 1.6 percent of gross domestic product, he said. This year “there will be some spillover fr…

Govt of India frees diesel pricing partially - all essential commodities will become more expensive

In a cabinet meeting presided over by Prime Minister Manmohan Singh, it was decided to partially decontrol pricing of diesel, giving the state-run oil marketing companies to "make small corrections in pricing from time-to-time".

In a related decision on India's petroleum sector, it was alsodecided to raise the annual allocationof subsidised cooking gas from six to nine cylinders per household.

The government had earlier limited the number of subsidised cylinders to six per annum. Thedecisions on diesel and cooking gastake immediate effect, officials said.

"Oil marketingcompanies have been given the freedomto make small corrections from time-to-time," Finance Minister P.Chidambaram said, even as officials said the oil marketing companies could revise prices by an amount less than Rs 1 per litre at one go.
"Diesel goes into the prices of all essential commodities. Whether it is food grains, vegetables, fruits, diesel becomes a component when price escalation tak…

News

1.Indian NGO funding is a multi-crore scam: ACHR

http://www.rediff.com/news/slide-show/slide-show-1-indian-ngo-funding-is-a-multi-crore-scam-achr/20130118.htm

2. Conditions in Roma settlements on the edges of town and villages rival Africa or India for their deprivation. And most Roma in eastern Europe (where the majority of Europe's Roma live) are now worse off than under communism

Much more needs to be done to help Europe's approximately 10m Roma effectively, say the authors of anew reportby the UNDP, the World Bank and the European Union Agency for Fundamental Rights (FRA). They conducted a survey in 84,000 households in 11 countries across the continent. What they found was grim: only 15% of young Roma adults surveyed finish upper-secondary general or vocational education, compared with more than 70% of the majority population living nearby. Less than 30% of Roma surveyed are in paid employment. And about 45% of them live in households lacking at least one of the following: …

News

LIC sells Cipla shares for Rs 665cr cuts stake to 6.21%The co has sold 1.7 cr shares representing 2.12% stake of the company between Aug 21, 2012 and Jan 1, 2013http://www.business-standard.com/india/news/lic-sells-cipla-shares-for-rs-665cr-cuts-stake-to-621/202500/on

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Black money estimated at 30% of GDPCalculation based on a global study indicates Rs 28 lakh-crore parallel economyhttp://www.business-standard.com/india/news/black-money-estimated-at-30gdp/498700/

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Rs.1,311 cr worth FDI proposals cleared A major proposal pertained to Mumbai-based Hindustan Port Ltd. which sought to induct foreign capital worth Rs.440 crore for investment in downstream companies. Pharmaceutical firm Aanhaneya Lifecare also received the government’s nod to raise funds worth Rs.405 crore through the issue of foreign currency convertible bonds. While U.S.-based Gavis Pharma LLC has been given permission to invest Rs.73.75 crore in an Indian company engaged in manufacturing injectable prod…

Spicejet throws discount BONANZA ! Any ticket at Rs 2013(including all taxes)-sells 2 lac tickets in 2 days!!

SpiceJet has slashed air fares substantially by offering a limited-period sale of 10 lakh seats across its domestic network for an all-inclusive fare of Rs 2,013. The promotional offer  is valid for sale till January 13 from Friday, for travel between February 1 and April 30.


http://ibnlive.in.com/news/spicejet-slashes-domestic-airfare-for-limited-period-other-airlines-may-follow/315313-3.html

To book login at: http://www.spicejet.com/
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 Spice jet CEO makes his airline penetrate to the heart of the market- SpiceJet sells two lakh discount tickets in one day'The airlines thought that instead of flying with empty seats it’s better to have them full.' Posted byAyyappa Prasadon January 12, 2013 inBusiness,Exclusive,Headlines,News·0 Comments Chennai, Jan 12 (TruthDive): SpiceJet sold two lakh tickets on Friday as it offered a consolidated Rs. 2,013 fare, including all taxes, on its routes from February to April 31. SpiceJet announced on Friday that one million one-way tickets we…

A good website of a company should not fool us

A good website of a company should not fool the job seeker as well as customer. A company which does not provide a professional environment to its employees will never meet customer expectations in quality and professionalism.

Look at the good looking website of http://www.spacomp.com/
Now read what the employees have to say: http://www.complaintboard.in/complaints-reviews/spa-computers-l78445.html

Dr. Richard Teo, who was a 40-year-old millionaire and cosmetic surgeon with a stage-4 lung cancer shares how to get true satisfaction in life

Recorded at the Dental Christian Fellowship , on 24 Nov 2011, 8 months after his diagnosis.

Richard would have liked to share this with you. We are doing this to continue his work. 

Please have a read and leave it behind for someone else to benefit from his sharing. 

If you would like a copy, please let any of his family or close friends know and we will be able to provide both the audio recording as well as the transcript.

Thank you, and may God bless you richly.

Below is the transcript of the talk of Dr. Richard Teo, who was a 40-year-old millionaire and cosmetic surgeon with a stage-4 lung cancer, sharing at a Dental Christian Fellowship Meeting. He would have liked to share this with you too.

HIS BACKGROUND

Hi good morning to all of you. My voice is a bit hoarse from the chemotherapy, so please bear with me. I thought I'll just introduce myself. My name is Richard, I'm a friend of Danny's, who invited me here.

I'd just begin to say that I'm a typical product of today&#…

Gold price forecast 2013, gold technical analysis for the non professional investors as well as for professional technical analysts

Click on the chart to enlarge. This is a Gold price chart of SPDR Gold Shares (GLD) which almost follows Gold price in USD.
Multiply its price by 100 to get price in USD oer ounce. Chart courtesy: yahoo finance. Gold has been in an uptrend for 3 years (late 2008 to around sep 2011). It roughly followed the blue trendline. The more times the price bounces from the trendline, the more important it is. Hence the blue trendline is the most important and the second most important being the red trendline. Whenever it touched the orange trendline, it could not cross above it the last case being the all time high in aug-sep 2011. since the time it has crossed below the green trendline, it has been in a sideways movement. It is thus advisable to buy gold for medium term gains only when it crosses and remains for at least 3 months above the black trendline which in actual price corresponds to about $1750. If the red trendline is broken, the price can see a fall of 10% or more. But this ap…

Silver price forecast 2013, silver technical analysis for the non professional investors as well as for professional technical analysts

Silver has strong case for a price target $33/ounce in a few months and at least $45/ounce in 1 to 2 years. So comapred to current price, we have a potential of 55% profit. Indian can convert the above price into INR. 1 Ounce=28.35 gram.

Click on the image to enlarge. This is a 5 year chart of Silver ETF which
almost follows silver price.

After crossing above the blue trendline
around $19, it quickly went to around $30 and bounced down. Then bounced back from
around $26 level. From that time, since almost 2 years,
silver has demonstrated a very strong support at around $26(points w,x,y,z). It
also faced resistance at the red trendline. Now is broke out above the red trendline
(point a) and also confirmed the breakout (point b). However we have another
trendline at around $33 (points c,d,e,f,g,h,i) which is acting as a strong
resistance to silver price.
Investent Strategy: Accumulate around $30 levels and buy more
if it dips to around $25 level.
Copyright:  M K Munir , technical a…

France plans savage 75% tax rate for top earners as the rich vow to desert country if it goes ahead

One Paris law firm says it has been inundated with calls from wealthy businessmen asking if they should leave France if the socilaist President Francois goes ahead with his promise to introduce a 75 per cent tax rate on income above one million euros. Vincent Grandil, partner of Altexis, which specialises in tax law, admitted his company has been receiving concerned calls from high earners since the French President's tax announcement. He told the New York Times: 'We're getting a lot of calls from high earners who are asking whether they should get out of France. Cracking down: France's President Francois Hollande plans to increase tax on earners over one million euros to 75% 'Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.'

Read more:http://www.dailymail.co.uk/news/article-2185231/High-earners-planning-leave-France-75-tax-rate-income-1million-euros-goes-ahead.html#i…