GOLD-Near term target forecast $1570….good level to buy: -Umesh Shanmugam (Purely my view)
For all you gold diggers and gold fingers and seekers of gold. Its all there in the charts. Done right, it may provide the key to another golden dawn!
Tag «umesh shanmugam»
Big Wall Street Houses Are Predicting.Where The S&P 500 Will End This Year – Umesh Shanmugam
No one knows for sure what will happen next in the stock market.But there is no shortage of people who get paid to make a prediction Fourteen of Wall Street’s best sell-side equity strategist have published their 2013 year-end targets for the S&P 500. Some calls were bearish, like Wells Fargo’s Gina Martin Adams who …
Cement prices fall 10% in two months – Umesh Shanmugam
Cement prices across the country are under pressure. Even as the peak construction period has set in, poor demand and inactivity in the construction space have hit prices. The average price of a 50-kg bag of cement has slipped 10 per cent through the last two months to Rs 270, compared with Rs 267 in …
2013 Will Be The Year Of The Dollar, End Of ‘Risk On/Off’ – Umesh Shanmugam
After a week of tense political negotiations, the US has managed to avoid going over the fiscal cliff. But where does this leave the US dollar? In fact, investors and analysts are tipping dollar strength this year – and not because it will benefit from haven demand in a faltering global economy. Instead, they argue …
Switzerland best place to be born in; India a lowly 66th – Umesh Shanmugam
The tourist paradise of Switzerland has emerged as the best place to be born in 2013, in a new global survey that ranks India among the last 15 nations a baby should start a life in. The violence hit oil-rich African nation of Nigeria was rated as the worst place to be born in in …
Tips for Idle Gold – Umesh Shanmugam
A working group set up by the Reserve Bank of India has recommended ways to monetise the massive cache of idle gold stocks in the country and harness it for productive purposes within the economy. At the same time, it has suggested a cocktail of demand reduction and supply management measures to moderate surging …
The Success Indicator – Umesh Shanmugam
2012 – I barely knew you. Another year has passed and another one is ahead. This is the single best of time year when you can begin to think about all the things you want to improve or achieve in the upcoming year. Time management and goal achievement is all about planning. If you’re not …
The 10 Hottest Stock Markets In The World – Umesh Shanmugam
1. Venezuela IBC: 302.8% Venezuela’s abysmal inflation rate, which stood at 19.9 percent, is helping to juice stocks. A massive increase in government spending in the run-up to October’s presidential elections spurred consumption. 2. Turkey XU100: 53.3% Hot inflows of $15 to $20 billion in foreign direct investment have fueled this market’s growth. As well, …
Equities are ready for some major moves – Umesh Shanmugam
S&P CNX Nifty (5,908.35): It was yet another week of range-bound action for the Nifty in the week-ended 28 December. The bullish and bearish trigger levels of 5,966 and 5,838 remains intact and a break of either of these levels would determine the next major move.While a fall below 5,838 would indicate that the index …
A-Z of 2012 in the business world – Umesh Shanmugam
A is for arithmetic – a skill that deserted two of our listed companies, retailer SuperGroup and taxi manufacturer Manganese Bronze. Both companies had to restate accounts after their numbers failed to add up; both companies saw their share price punished for their failings. Things weren’t so bad for SuperGroup but the wheels really came …