Tag «umesh shanmugam»

Gold Update: Umesh Shanmugam

  But since gold has plummeted 17.5% dropping from $1600 down to $1320 per ounce with silver and gold stocks falling also they are now headline news once again. This move has caused some serious damage to the charts when looking at it from a technical analysis point of view. Below are some basic analysis …

Physician heal thyself – Umesh Shanmugam

A renowned physician Dr B M Hegde has shown how a large number of doctors working in five-star hospitals short change patients in order to keep their management happy and enrich their own pockets. Here is what Dr B M Hegde writes : “Most of these observations are either completely or partially true. Corruption has …

SILVER UPDATE – Umesh Shanmugam

The $26 level has acted as silver’s support for over two years now. And after a 10% slide over the past three weeks, including Friday’s 6% drop, we’re once again challenging this all-important line in the sand. Will $26 hold this time? Maybe not… yet I remain a long-term silver bull and see lower prices …

SOROS: Gold Has Been Destroyed As A Safe Haven

There’s a new interview with George Soros out in the popular Hong Kong newspaper the South China Morning Post. A lot of the interview is about the Chinese development model, Chinese stocks, real estate, etc. There’s also an interesting section about gold. Q: What is your view on gold? A: That’s a complicated question. It …

India likely to get normal monsoon – Umesh Shanmugam

India is likely to get normal monsoon rains this year, bringing relief to large parts of the country that are in the grip of drought, D. Sivananda Pai, head of long-range monsoon forecasting at India’s Meteorological Department, said Monday.….“So far, there is no worry signal,” Mr. Pai said. He said there was no threat from …

Titans face gold battle – Umesh Shanmugam

‘Some of the mugs have taken extreme bets on a falling gold price,” says one precious metal retailer. “Never have the money managers become so convinced that gold is about to fall heavily.” “It could actually mean that the gold price is about to rise strongly “as they must buy back these positions”, the seller …

Tips for fixed income investors – Umesh Shanmugam

For the bond market, the important takeaway from the Budget is the proposed government borrowing programme for the next year as well as the efforts on fiscal consolidation. The former indicates the expected supply of government bonds in the market, which impacts existing bond investors. The latter shows the government’s resolve to stitch together its …