Crude Oil

Sell Crude (CMP-5280/- INR) with SL of 5307/- for the target below 5235/- INR

Comex Gold Weaker in Thin Holiday Trading

 Comex February gold futures prices are trading modestly lower in early U.S. dealings Tuesday, in quiet holiday trading conditions. The London markets are closed Tuesday. Look for the rest of this week to be a subdued trading affair for the precious metals and most other markets—barring any surprise geopolitical development. February gold last traded down $10.40 at $1,595.60 an ounce. Spot gold was last quoted down $12.80 an ounce at $1,594.75.  March Comex silver last traded down $0.224 at $28.86 an ounce.

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U.S. Stocks Rise on Consumer Confidence as Treasuries Erase Gain

U.S. stocks rallied, extending the year-to-date advance for the Standard & Poor's 500 Index, while oil rose and 10-year Treasuries erased gains after American consumer confidence beat projections. Copper and gold declined.

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WB predicts gloom in Kenya will end in 2012

This has been attributed to the rising cost of living largely driven by high cost of energy, food and a weak shilling. But all is not gloom for the economy next year.

The World Bank predicts that the economy will grow by 4.3 per cent this year, down from earlier predictions because of what experts have explained as prevalence of economic shocks.

However, next year is expected to have better performance with an estimated growth rate of five per cent if inflation and exchange rates are contained.

Senior economist Jane Kiringai said Kenya needs to urgently rein-in inflation and suppress growth in debtClick on the Link to Read Full Article

Bumper crop, lack of warehouses spell doom for farmers in UP

Distress is writ large across the faces of potato farmers in Uttar Pradesh. Their hopes of encashing the bumper crop year is likely to be crushed, thanks to low warehousing capacity and dearth of processing units in the country’s largest producing state of the commodity. Even as a fresh crop is near-ready to be harvested, around 8-9 lakh tonnes of carryover stock rotting in cold storages would have to be thrown out on the streets or burnt to vacate the warehouses to make space for the fresh stock


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(Note:-If this the Real News than why? the Rate of Potato has gone up from 590/-INR to 645/-INR, Is this Price Rigging artificial or what, Can anyone answer & what is the Exchanges role in this Hike.Farmer are force to dump Potato Crop on Road & prices on the platform of exchange is going up as the day passes)

5 Worst Performing Commodity ETPs Of 2011

Statistics show that the vast majority of commodity investors come away actually losing money; this was especially true for 2011. This year was a rough one on commodities as global instability created volatile trading, resulting in most of this asset class losing money. But of course with big losers comes a great opportunity to buy in while a fund is still cheap. Though, it may also be that you simply want to stay away from some of these bad-performing funds to protect yourself from more losses. Whatever may be the case, we outline the five worst performing commodity ETPs of 2011. Note that the list is a bit modified in that we only chose one fund from each commodity type and did not include any funds that launched this year

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Angry Punjab Farmer's to dump Potato on Road's

Fed up with the goverment apathy towards their demands, potato farmers today dumped their crop on the roads in Jalandhar. A potato glut had forced the farmers to seek government help. They were protesting againstthe fall in crop’s price to as low as Re 1 per kg.

While the Parkash Singh Badal government recently announced announced freight subsidy for transportation of potato crop in domestic as well as export markets, the growers turned down the offer. The government had offered freight subsidy of 0.50 paise per kg for marketing of potatoes within country and Rs 1.5 per kg for export.

However, farmers were demanding that the government must provide freightsubsidy of Re 1 per kg on marketing of old crop in domestic market and Rs 2 per kg for export

 

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Potato Trading Call

Sell Potato on every bounce ample crop, storage houses are almost full (Cmp-636/-INR)   

Due to Expiry of Contract the market will be little more Volatile during last hour of trading

Sell Potato (CMP-622/- INR, Base MCX) with SL of 626/- INR for the target 612/- INR

Disclaimer:
http://vaydavyapar.blogspot.com

Sell Silver (CMP-56545/- INR) with SL of 56635/- for target below 56000/- INR  

Gold and Silver Prices as Dollar Strengthens

Gold and silver prices have fallen sharply in trading today after a rise in the U.S. dollar. The dollar is strengthening as investors continue to asses Friday’s EU deal to tackle the euro zone debt crisis.

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Oil falls below $99 a barrel in Europe as traders eye eurozone worries

Oil prices fell below US$99 a barrel Monday as uncertainty grew over the impact of an EU deal to solve the debt crisis and traders looked to this week's OPEC meeting for clues about the cartel's future crude output.

By early afternoon in Europe, benchmark crude for January delivery was down 99 cents to $98.42 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.07 to settle at $99.41 on Friday.

In London, Brent crude fell 74 cents at $107.88 on the ICE Futures exchange.

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First Midwest Bank cutting 85 jobs

First Midwest Bank is cutting about 85 positions from its payroll.

The bank, which has about 1,800 workers, has laid off about 50 employees, mostly at its Itasca headquarters, a spokesman confirmed. The affected staffers work in such areas as loan restructuring and branch banking, which has seen consumers shift to other payment channels.

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Bank of China Seeks Foreign Acquisitions, President Li Says

Bank of China Ltd. “will pay attention to” merger and acquisition opportunities overseas as it follows Chinese corporate clients into new markets, President Li Lihui said after opening a branch in Japan.

China’s third-largest lender by total assets will also add branches in markets where it already has a presence, Li was quoted as saying in the transcript of an interview posted to the bank’s website today. Bank of China sees further opportunities in Japan arising from trade between the two countries, he said.

“Asia will be the major area where Bank of China wants to increase its focus,” Li said. “The bank will concentrate on areas where Chinese companies are expanding abroad. We will also pay attention to regions such as central and eastern Europe, areas where we didn’t have much coverage in the past.”

Bank of China, the only Chinese lender named last month as one of 29 systemically important global banks that must hold additional capital, has overseas operations in 31 countries, Hong Kong and Macau, Li said in the interview. Larger rival Industrial and Commercial Bank of China Ltd. agreed in August to buy assets in Argentina for $600 million, and the Financial Times reported last month that China Construction Bank Corp. was holding talks to buy a small Brazilian lender.

Chinese banks face “stress” in their home market as asset quality worsens and they are required to support weaker customers, Fitch Ratings said Dec. 2. Bank of China in October posted its slowest profit growth in nine quarters as government efforts to cool inflation curbed loan demand.

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Customers not happy with banks

DISPUTES between borrowers and their banks surged nearly 30 per cent last financial year, particularly after a series of natural disasters last summer put more customers at odds with their lenders.

Rising interest rates earlier this year also sorely tested relations with customers, with the number of disputes over home loans, credit cards and personal loans up sharply.

Disputes involving insurers spiked after the Queensland and Victorian floods and storms.

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Commercial International Bank Slumps on Moody’s Egypt Report

Commercial International Bank, the biggest publicly traded lender in Egypt, fell after Moody’s Investor Service said the country’s banks are increasingly vulnerable to sovereign credit risk because of their high exposure to government debt.

The shares of Commercial International Bank declined the most since Nov. 22, falling 4.4 percent to 21.37 Egyptian pounds, valuing the bank at 12.7 billion pounds ($2.1 billion).

Egypt’s political and financial instability is a “credit negative,” Moody’s said in an e-mailed statement today. The country’s new Cabinet is failing to address popular demands for transition to civilian rule from military rule, it said.

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RBI Caps Banks’ Investment In Non-Financial Services Firms

MUMBAI – India’s central bank Monday set limits on banks’ investment in non-financial services companies to ringfence their core operation from activities directly or indirectly not permitted to lenders.

As of now, there is no requirement for prior Reserve Bank of India approval for such investments, except in cases where the companies are involved in financial services.

“It is, therefore, possible that banks could, directly or indirectly through their holdings in other entities, exercise control on such companies or have significant influence over such companies and thus, engage in activities directly or indirectly not permitted to banks,” the RBI said in a notification.

The rules now limit the equity investment by a bank to 10% of the non-financial services company’s paid up share capital or 10% of the bank’s paid up share capital and reserves, whichever is less.

Further, overall equity investments of banks in subsidiaries and other entities engaged in financial services together with equity investments in entities engaged in non-financial services activities shouldn’t exceed 20% of its paid-up share capital and reserves.

The RBI will allow banks to exceed these limits if it is through restructuring, or acquired by them to protect their interest on loans or investments made in a company.

Banks have three months to abide by the new rules.

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Bank Stocks: Now Is The Time To Buy

Banking stocks have been among the worst performers within the market over the last four months. This fact is no secret to investors and is a result of financial turmoil in Europe and our lack of knowledge regarding the exposure of these banks to sovereign debt. Another reason that I believe these stocks have fallen is because the worst financial crisis in American history since the Great Depression was less than three years ago and investors are refusing to take the risk of losing there investments once again. However, with Europe seemingly stable, with a plan that could at least control the many nation's debt, I believe it's likely that banking stocks will now trade on fundamental progress during the next few weeks. I have watched the performance of the banking stocks during the last four months and I believe that now is the time to buy

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Lawmakers pitch plan to help revive economy: Issue revenue bonds

With jobless rates hovering near 9 percent in the Evergreen state, a few Washington lawmakers say they are zeroing in on a way to fire up the regional economy.

Their idea is a new way to pay for government construction projects. Sen. Derek Kilmer says the concept is simple: Issue revenue bonds, just like the state does now to pay for state highway and bridge projects with gas taxes.

But this construction package – which could be for $1 billion or more – would rely on the state’s toxics taxes, public works trust funds, and perhaps other streams of money that roll into the state’s capital budget.

“What we want to look at is a responsible approach that has the state making investments that make sense,’’ the Gig Harbor Democrat said.

The bonus: Unlike past jobs plans, this one would avoid adding debt payments to the state’s general fund, which already needs a $2 billion fix. It also could avoid a trip to the ballot, allowing work to get under way in the next construction season.

Kilmer, the capital-budget leader in the Senate, said the goal is to reduce joblessness in the economically gutted building-trades sector.

Also working on the package is House Capital Budget Committee Chairman Hans Dunshee, D-Snohomish – the architect of previous unsuccessful bond packages targeted at job creation.

So far, Republican leaders have not signed on, nor has Gov. Chris Gregoire. But they are not fighting it – at least not yet.

“There’s a skeleton proposal right now,” said Republican Sen. Linda Parlette of Wenatchee, who worked with Kilmer earlier this year to set up a debt commission to study problems with the state’s financial balance sheets.

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For state's banks, 2011 is a profitable year

Many Washington banks and thrifts are on track to make 2011 a profitable year — but experts say the industry needs more consolidation to be healthy.

After three unprecedented years of losses for the sector and the disappearance of more than two dozen institutions, Washington's banking industry posted a third-quarter profit of $116.9 million, double its profit in the previous quarter and a sharp contrast to the $88.7 million loss in the same period a year ago

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Sebi suspects price-rigging in stocks linked to IPOs, FCCBs

NEW DELHI: Suspecting price manipulation in shares of some newly-listed firms and of those having raised overseas loans, market watchdog Sebi is probing the role of at least 25 entities, which includes the company promoters, and certain brokers and merchant bankers.
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Copper News

China's production of most base metals fell in November due to reduced demand and low domestic prices with refined copper hitting its lowest level in 6 months.

The lower industrial metals output was in line with China's overall industrial output growth which hit its slowest pace in more than two years in November as economic conditions deteriorated.

Data from the National Bureau of Statistics showed that refined copper production fell 4.5% on the month to 448,000 tonnes in November the lowest level since May 2011. However, output rose 9.3% from a year earlier because smelters expanded capacity. In the January to November period, output rose 16.3% on the year to 4.778 million tonnes.

Mr Fu Bin analyst at Jinrui Futures said that "Falls in base metals production were not a surprise since prices were low last month. Spot copper prices CU 1-CCNMM in China fell more than 7% from end October to late November.

He said that copper producers in China usually conducted maintenances in the Q4 slowing production. Supply of raw material scrap was tight in the domestic market, cutting output from producers that used scrap as the main raw material. Supply of raw material copper concentrate to China had also fallen after strikes cut production in South America and Indonesia.

Mr Fu said that smelters had expected domestic demand to fall in December due to a seasonal slowdown and adjusted their production rates last month. Refined copper production was expected to decline in December from November.

He said that refined lead was the only base metal that rose in November as Beijing's crackdown on acid lead battery manufacturing plants was ending, allowing some battery plants to resume operations.

President Obama says he will need more than one term to revive an economy that began developing problems years agoObama: More than one term needed to revive economy

LAHORE: The performance of the economy and government was disappointing in 2011 as the rulers remained busy in protecting their government. Nothing would be improved in 2012 if the present situation continued. 

Govt accused of ignoring economy

Investment in Real Estate

Real estate is not a 'get rich quick' investment route. It pays off only when one invests in a property for at least 3-4 years. Even with a long-term investment horizon, one needs to have a clear exit strategy in mind before one buys real estate as an investment. During the peak of India’s real estate markets in early 2008, a number of investors would ‘flip’ their properties, that is buy a property, hang on for few months for the prices to go up and then sell it for an instant profit.
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