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Tuesday, July 9, 2013

Headlines Today

  • Washington Post launches religious site.
  • Obama: 2013 deficit will be lowest in 5 years and GDP Growth will be at 2%.
  • Tourists to Macau should declare cash.
  • The billionaire hedge fund manager of PFR Gold Fund, John Paulson , seeks to rebound from losses in bullion. The fund posted 23% decline last month.
  • China's June consumer prices rose 2.7% on YoY.
  • Eurozone finance minister  agreed conditionally unlock billions of Euro in fresh aid for Greece.
  • New Zealand Q2 business confidence rises to 32 from 23 on Q1
  • IMF: Full Banking union is necessary in Euro area
  • Schaeuble:  Greece made considerable progress.
  • Japan, Australia lead Asian shares higher.
  • China CPI within expectations.
  • Olympus fell in Tokyo after announcement to sell shares.
  • Gold up nearly US$ 18 in Asian trade and nearing its recent top around 1268. There are plenty of longs at this level and selling pressure will be seen again.
  • As US economy is improving, holdings in gold-backed traded products fell below 2000 metric tonnes which is lowest since May 2010.
  • IMF cuts 2013 Global growth forecast to 3.1% from 3.3% in April AND US growth forecast to 1.7% from 1.9% in April.
  • IMF urges advanced nations including US to continue monetary policy stimulus.
 
Package Performance of July Upto 08-07-13 Performance Yesterday (08-07-13) Subscription
Bullion - Energy +1,97,950 +28,400 7000/month
Base Metals +62,475 +14,550 5000/month
Copper-Crude +36,600 +11,200 4000/month
Premium Equity +1,05,825 +375 5000/month
Equity Tips By Email +62,850 +300 2000/month
Nifty - Bank Nifty +20,975 +5075 2000/month
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