The U.S. Department of Energy recently released a message stating that in 2012 oil production in the country will increase by seven percent. America is opening up its resources and reviewing its energy policy
Indians are buying gold again, stocking up on jewelry during the festival season thanks in part to prices that have come off record levels, said the chairman of the country's largest gold importer, state-run MMTC Ltd Click on link to read full article:
Crude-oil futures rose gently Monday as traders continued to assess energy demand following Hurricane Sandy and anxiously awaited the U.S. presidential election and a meeting of China’s leadership Click on Link to read full article:
Heritage Bank of Florida, Lutz, Florida, was closed today by the Florida Office of Financial Regulation and the FDIC was appointed as receiver. The failed bank was taken over by Centennial Bank, Conway, Arkansas, under a purchase and assumption agreement with the FDIC Click on Link to read full article:
Heritage Bank of Florida, Lutz, Florida, was closed today by the Florida Office of Financial Regulation and the FDIC was appointed as receiver. The failed bank was taken over by Centennial Bank, Conway, Arkansas, under a purchase and assumption agreement with the FDIC
International oil prices and rupee exchange rate have been moving in opposite directions, thus denying the benefit of drop in rates of crude in the international market to the Indian consumers, revealed an Assocham study
Hold buying in Crude Oil avoid fresh buying but make sure to create buying Position If, Crude Oil trades above 5560/- INR with S/L of 5520/- INR (CMP-5504/- INR)
You might see rally in crude oil as the landing cost in India is very close to 110$ per barrel & in Nymex it is trading around 105$ per barrel so, we are at the premium of 5$ per barrel So, holding buy call with strict S/L is needed if the spread ranges in between 5-10$ per barrel but if spread moves towards discount then exit all buy calls
Gold is hovering around 28,000/- from last few days So, you might find uni-directional trend in Gold. Sell on rise is the policy which is to be adopted for Long term investment plan.