Commodity Trade Mantra

Posts Tagged ‘Narendra Modi’

Regarding Gold - You Should Think Like an Indian

All Indians own gold & keep it as close as possible, as jewellery, since “wearing wealth” means that it can be kept very close. Throughout the ages, there have always been governments that have attempted to part people from their wealth. It may well be that the first step for each of us succeeding in retaining our wealth might be to think more like an Indian.

The World’s Next Big Trading Block May Be India

A new Common Market is being formed. It has a bigger economy than the whole of sub-Saharan Africa, more states than the EU has members & twice the population of North America. It’s called India. Given the size of its 29 states & a predicted growth rate of at least 7.5%, potential benefits of integration are huge.

What The World Bank Actually Does

What is the World Bank, what does it do & why is it important for the BRICS to challenge its hegemony in the development & poverty reduction arenas? For answers, we need to examine both – the official history that it touts to the outside world & real history of its part in plundering the developing world that it is supposedly there to help.

Russia & India Begin Negotiations To Use National Currencies, Bypassing Dollar

Suddenly India is now the great Asian wildcard. India agreed with Russia to create a task group to work out a mechanism for using national currencies in settlements. Another major bilateral arrangement is set up that completely bypasses the dollar. Japanese companies are also looking to shift to India due to political problems in China.

Gold and Silver versus the Petrodollar Peril

The record flows of gold and silver into private hands, as well as public entities over the last few years is an indication people have that all is not well with the petrodollar. The change in reserve currency status of the US dollar has been underway for several years & it’s now picking up speed with a deal that Russia & China signed.

Modi the new hope for Gold, but may disappoint: Clyde Russell

Gold bulls tend to flit from one thing to the next in search for a reason for gold to rally, with the latest hope being Modi’s election victory in India. Modi is likely to be reluctant to give a signal that it’s “game on” for gold imports again, as he won’t want the current account deficit to start heading the wrong way once more.

Rising Strength in the Rupee will take Gold off the Indian Investors’ Radar

Indian stock markets got off to a roaring start with the rupee rising to its strongest in 11 months against the dollar after the Modi led BJP swept India’s elections to a thumping victory. With so many reasons for the dollar to fall & the Indian rupee to gain and rise; Why would gold prices in rupee terms, rise further?

Will BJP's Win Boost Gold Prices In India?

Irrespective of India’s election outcome or BJP’s win and whatever happens to India’s gold policy then in the coming weeks and months, it’s highly unlikely to boost gold prices either way. The root cause of India’s huge gold demand meanwhile remains unaddressed.

RBI may keep Interest Rates Elevated on More than Estimated Inflation

While economic growth has almost halved to below 5% for the past 2 years, the worst slowdown for India since the 1980s, retail inflation has been averaging around 10%. Adding to inflation woes are damaged crops from recent non-seasonal heavy hail and rains & a possible El Nino weather threat.

Stock Index At Record High And Rupee Strength Makes Analysts Like India Now

Despite India’s troubles over the past few years, more recent economic data indicate that India is heading in the right direction. India has a very good future. All we need is to make some reforms to allow growth at the pace that it should be growing. This is an economy that should be growing at 6%.

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