Gold and dollar are making us gasp. A day back dollar was on the rise,gold fell to $865. Now gold is on the move-$887.Twists and turns beyond one’s comprehension.
Dollar has been artificially strenghthened.
U.S. tried to contain oil and gold’s upward trend,by nourishing dollar.
Financial reporting was at its height,very much similar to weather forecasts.
Their verbosity could only bring in temporary glory to dollar.
In spite of Saudi increasing its supply,oil has targeted record high of $140.
Inflation is spreading its wings in such velocity, that the world at large is apprehensive of the future.
The G 8 summit has ended in a fiasco. Keats would call it as”fever and fret”of the human race.
Let me conclude with Shakespeare’s tag All is well that ends well.
Three cheers to Gold.To Dollar Better luck next decade
A trip to cameron Highlands ,this weekend,was an eye opener.I chanced to meet a chinese entrpenur.He is into flower exports.He has a patented a particular green tulip like flower in Holland.His 6 acre flower garden is bubbling with activity. It is mini Asia, as people from Bangladesh ,Nepal.India,and Indonesia are working. This man ,let we call him as MR .Chong,employs 60 workers.Right from seedlings,transplanting,rearing ,manuring,irrgation,sizing,packing are done under his meticulous care. The packed flowers,find market in Japan ,Australiaand Hongkong.The flowers are a feast to the eyes. The man is an embodiment of hard work Mr Chong ,is humility and success put to together.-a rare combination.
Watch the market Follow the financial reporting.View the snapshots.
Draw a graph. It will resemble an Electro cardiogram graph of aptient with a massive heart thrombosis.
The rise and fall are so swift,so frequent,so deep.
Cardiologists tell us to wait for anothr 24 hours or 48 hours .They buy time to announce the stability of the patient.
Analysts rush to announce that the dollar is strenghtening,retail sales are picking up,euro has fallen against dollar,in the G8 summit dollar will not be allowed to fall.
Dollar is being pampered,cajoled and assuaged,so that oil and gold will loose their sheen.
How long can they devolve such manipulation?
Why is U.S up to such pranks?
Gold is arm twisted,oil is knocked to satiate the thirst of US economy.
Mmarket gurus take the cue from the cardiologists.Practise patience.
The pandora’sbox is wide open.Gasoline price hike,commodities price rise,oil price surge,bank rate up.All have jumped out simultaneously.The world is shocked. There is anger ,disillusionment and panic .How to come out of thos serious mess? This is what is written large ,which blinks outrageouslyon us
Market analysts, . Management gurus, chiefs of Reserve Banks have thrown their hands in exasperation.
All have faltered in their predictions and predicaments.They are advocating sluggishness and slow down..Their advice provokes the commoner.He yells “what were you doing all this time?’
A question most appropriate.It is like driving a nail into a bolt.
It is best,if all the sophisticated officials keep mum.The juggelery will come to a close.Inflation will come down, Allow nature to take its own course.Shun the intra players ,the corrupt officials,and monitor the day to day activities scruplously
Dollar rises high against all major currencies.A piquant situation..
This surprise move has stifled gold and silverOil accompanied the precious metals inthe fall.
Go back to the nursery rhyme Jack fell down and Jill came tumbling after.
Bernanke’s hawkish comments have stimulated a negative trend.
An hour ago oil is ranging forward.Gold and silver will rush above 900$,in no time.
Dollar’s movement should be watched
Gold is offbeat today.Dollar is masquerading,as if it is rising.it is not so. a ploy played ,to wean away the traders,projecting a low profile of the metal.gold is staggering. Do not get panic. do not fall a victim to the middlemen’s ruse. By agitating the market,the middlemen try to acquire gold in a discounted price. Withhold .watch,win
The G8 summit has decided to look inwards regarding oil inflation.
when we are at fault,we try to seek remedy elsewhere. It is nothing but human weakness.Many ways are there to cut inflation .The supply and demand is not proportional in the case of oil. India and china are fast riding economies. There is much requirement of oil.Russia and Us,are reluctant to release their oil deposits,targetting the prize catch, The OPEC ,feel that they are not the force behind oil hike. Decarbonising the power sector is one essential factor that countries have to pay attention to. Strengthening the public transport system is the other factor that will help to solve the problem.Prudent management of energy is the chief agenda that countries need to focus.
Inflation will be contained by delivering good governance,It is hard to find a country sans political corruption; bribery, cheating,,ill gotten wealth,scams,
Leaders are garrulous.
less talk ,more action,should be our motto .