Category Archives: Commodities

INDIA NIFTY – Has 5400/5420 in view. This guy is not falling!

The last few sessions in the markets have been breath taking, Just a few days ago on FRIDAY, HOPIUM rose and the markets became once again happy go lucky!. Despite the geo political arena getting hotter, American Ships in the straits of Hormuz, plus IRAN completing their war cry exercise and demonstrating its war capability, and selectively saying, “Don’t mess with me, I have the fire power”, its possible, the USA now discounts the IRANIANS for all their empty threats.

Last year IRAN warned “No ships shall pass my seas” and a US SHIP turned back and headed further away, with that, IRAN said “IF YOU COME THIS WAY AGAIN!, I SHALL TAKE CARE OF U!.  A week later, when the SHIP returned, IRAN did nothing.

A whole lot of empty promises and lack of management displinary skills of IRANs arm forces, indeed raises many doubts, but then again, they have shown more than once, their inefficiencies, an example how they were not able to handle the naughty behavior of STUXNET or when their mililary depots blew up, due to “improperly of storage weapons” techniques.

A whole lot of questions are always raised, when it comes to IRAN, the sabre rattling has started to become boring, this could be the underestimation both parties could make, leading up to the escalation in world war three.

The USA may just push it further and strangle the IRANIAN even more, before the IRANIANS make the first move, due to fear attack.

indeed escalate world war 3, and the IRANIANS will indeed give them a tough fight, which will solve USA’s economic problems and the Industrial War Complex will once again have their way.

 

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Malaysia’s Felda surges 20 percent in debut of world’s No.2 IPO

(Reuters) – Malaysian palm oil firm Felda Global (FGVH.KL) surged 20 percent in its trading debut on Thursday, as investors cheered on the world’s second largest IPO after Facebook’s (FB.O) botched float and the company pledged stronger profits in the coming months.

The firm raised $3.1 billion in Asia’s biggest initial public offering of this year, running against the global gloom in IPO markets and giving the government a political dividend ahead of what is likely to be a closely fought election.

http://www.reuters.com/article/2012/06/28/us-malaysia-felda-ipo-idUSBRE85R07S20120628

 

Gold Poised for Worst Week This Year as Silver Drops to 2012 Low

Gold was set for its worst week this year after the U.S. Federal Reserve didn’t resume a debt purchase program even as the economy showed signs of slowing. Silver fell to the cheapest since December and platinum declined to a two-week low.

Spot gold fell 0.2 percent to $1,562.88 an ounce at 2:03 p.m. in Singapore and is down 4 percent this week, the most since the five days to Dec. 16. Bullion dropped 2.6 percent yesterday, the most since Feb. 29, tumbling with other commodities as the Standard & Poor’s GSCI Spot Index of 24 raw materials slumped 22 percent from this year’s closing high, entering a bear market.

http://www.bloomberg.com/news/2012-06-22/gold-poised-for-worst-week-this-year-as-silver-drops-to-2012-low.html

Oil Near Nine-Month Low on Economy; Heads for Weekly Drop

Oil Near Nine-Month Low on Economy; Heads for Weekly Drop

Oil fell for a third day to the lowest level in almost nine months and headed for a second weekly decline amid signs of a global economic slowdown that may curb fuel demand.

Futures slid as much as 0.8 percent after decreasing 4 percent yesterday, the biggest drop this year. The Federal Reserve Bank of Philadelphia’s economic index signaled the biggest contraction in manufacturing in almost a year, adding to data that showed factory output shrinking in Europe and China. Prices rebounded as much as 1 percent earlier after a storm started to form in the Gulf of Mexicoand prices approached a technical support level.

http://www.bloomberg.com/news/2012-06-21/oil-trades-near-nine-month-low-amid-signs-growth-slowing-.html