iCharts Discussions

[rk_a2003]

Wow ! Look at the spike in December volumes of the gold Chart. It is poised for a break out in a big way .Which side?!

May be the upside.

[ajayhkaul]

Is India again the 'sone ki chidiya'???

India's GDP is equal to 2.6% of the world's GDP, though we own 11% of the world's gold stock.

The total value of the gold present in India is just under USD 1 trillion, or Rs. 50,00,000 crores.

The average person owns gold equal to approximately half of their annual income.

India is the largest consumer of gold in the world.

[ajayhkaul]

Recently Uncle Warren bought into Santa Fe Railroad and everyone wondered why....now we know ... and why rich get richer - they are 'insiders':

'Peak Oil' means we're running out of oil.

Peak Oil means we've run out of cheap, easy-and-inexpensive-to-extract oil.

It's happening now. The United States admitted to it. Germany and England agree .

What about all that oil in the Canadian tar sands... and heavy oil and oil shale in other parts of the world?

It's expensive to get to and hard to extract.

And this oil is not the same light, sweet crude we've been pulling from the ground for the last several decades.

New discoveries will not lower the price of oil.

This is why US is forced to look elsewhere to meet demand for crude... why they're now tapping the shale that lies under the feet in areas like the Bakken...

But it's an expensive venture.

Friends in High Places

Obama is halting progress on the Keystone XL Pipeline for two reasons: to get votes he'll need, and to hand easy money to his billionaire buddy, Warren Buffett.

You see, as oil production explodes in the Bakken, we can't use the pipeline to transport it — and bring more fuel online. As a result, Bakken oil producers have no choice but to rely even more on Buffett's Burlington Northern Santa Fe railroad.

How convenient.....

Now ....Recently Warren bought a huge stake in IBM ...he has kept away from tech stocks ...not anymore ...wonder why ?

[vinay28]

May be he had inside info on IBM's buying of DemandTec?

[ajayhkaul]

So Rajaratnam cannot do it , but Warren can? ie insider trading?

[ajayhkaul]

What the Foreign analysts are saying : this with ref to FII flows:

''India has a government that can't stop spending, inflation over 10% and huge corruption.

Furthermore, its stock market is still pretty inflated. I wouldn't put much money there until the government changes. Contrary to what you read in the media, almost all the real liberalization progress came under the Vajpayee government of 1998-2004, which the Indian electorate then ungratefully threw out.

I'd want an Indian government without the corrupt socialist Congress Party before I'd invest; only then could I be sure that Indian gains would not be poured down a rat hole.''

[rk_a2003]

[ajayhkaul]

You said it RK

[ajayhkaul]

Are we coming or going ? Fake it till you make it ???


The recent downward revision of the country's export figures has created a $7.2-billion difference between the shipment data collected by the commerce department and the export income inflows compiled by the Reserve Bank of India (RBI) during the same period, posing another uncomfortable riddle for the government and raising the possibility of a second round of data revision.

Last week, the government lowered the April-October export numbers by $8.8 billion to $171 billion from $179.8 billion, citing human and computer errors for the original overstatement.

Read more :
http://economictimes.indiatimes.com/news/economy/foreign-trade/now-exports-create-7-2-billion-headache-for-centre/articleshow/11112649.cms

[amitkbaid1008]

[amitkbaid1008]

Hi Ajay

I cannot open your blog.

I want to read your posts Markets on Steriods - I & II and also Banks are a Ponzi Scheme

Will you post them in forum


Thanks

[ajayhkaul]

[codered]

The following are 50 economic numbers from 2011 that are almost too crazy to believe....

#1 A staggering 48 percent of all Americans are either considered to be "low income" or are living in poverty.

#2 Approximately 57 percent of all children in the United States are living in homes that are either considered to be "low income" or impoverished.

#3 If the number of Americans that "wanted jobs" was the same today as it was back in 2007, the "official" unemployment rate put out by the U.S. government would be up to 11 percent.

#4 The average amount of time that a worker stays unemployed in the United States is now over 40 weeks.

#5 One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers.

#6 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.

#7 Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

#8 According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million.

#9 A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed.

#10 According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.

#11 Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

#12 Back in 1969, 95 percent of all men between the ages of 25 and 54 had a job. In July, only 81.2 percent of men in that age group had a job.

#13 One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.

#14 The Federal Reserve recently announced that the total net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.

#15 According to a recent study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.

#16 As the economy has slowed down, so has the number of marriages. According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married. Back in 1960, 72 percent of all U.S. adults were married.

#17 The U.S. Postal Service has lost more than 5 billion dollars over the past year.

#18 In Stockton, California home prices have declined 64 percent from where they were at when the housing market peaked.

#19 Nevada has had the highest foreclosure rate in the nation for 59 months in a row.

#20 If you can believe it, the median price of a home in Detroit is now just $6000.

#21 According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida are sitting vacant. That figure is 63 percent larger than it was just ten years ago.

#22 New home construction in the United States is on pace to set a brand new all-time record low in 2011.

#23 As I have written about previously, 19 percent of all American men between the ages of 25 and 34 are now living with their parents.

#24 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#25 According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980. Today they account for approximately 16.3%.

#26 One study found that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.

#27 If you can believe it, one out of every seven Americans has at least 10 credit cards.

#28 The United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

#29 It is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars.

#30 The retirement crisis in the United States just continues to get worse. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

#31 Today, one out of every six elderly Americans lives below the federal poverty line.

#32 According to a study that was just released, CEO pay at America's biggest companies rose by 36.5% in just one recent 12 month period.

#33 Today, the "too big to fail" banks are larger than ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

#34 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

#35 According to an analysis of Census Bureau data done by the Pew Research Center, the median net worth for households led by someone 65 years of age or older is 47 times greater than the median net worth for households led by someone under the age of 35.

#36 If you can believe it, 37 percent of all U.S. households that are led by someone under the age of 35 have a net worth of zero or less than zero.

#37 A higher percentage of Americans is living in extreme poverty (6.7%) than has ever been measured before.

#38 Child homelessness in the United States is now 33 percent higher than it was back in 2007.

#39 Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

#40 Sadly, child poverty is absolutely exploding all over America. According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty.

#41 Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

#42 In 1980, government transfer payments accounted for just 11.7% of all income. Today, government transfer payments account for more than 18 percent of all income.

#43 A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.

#44 Right now, spending by the federal government accounts for about 24 percent of GDP. Back in 2001, it accounted for just 18 percent.

#45 For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped one trillion dollars.

#46 If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

#47 Amazingly, the U.S. government has now accumulated a total debt of 15 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars.

#48 If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt.

#49 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

#50 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

[ajayhkaul]

Thanks amitkbaid1008 for your inputs...amazing data !

I welcome your posts in this blog ..so pls feel free to contribute.

However ... some readers and site admin do not like fundamental data and I recently got a rude note from Site admin in another thread that's been closed
( thread by psalm which started by giving the levels of european indices- wherein I said that technical analysis maybe confusing for most to follow under highly volatile conditions and TA wont work. It was interpreted as being anti-TA )

I was presumed to be 'campaigning' , discouraging TA lovers , ranting , posting stuff not fit for this website etc...and it was suggested that I take my custom elsewhere. I have not been 'banned' or 'punished' (yet!)

And I am basically a Technical Analyst !

I talk about the big picture (fundamentals) since I combine a set of fundamental indicators for my kind of trading.

Anyways , this thread may also get slammed and locked ... i dont know .In that case ..adios Amigo!

If it is there , we will surely keep posting and I will look forward to your postings also.

Bye for now !

[SwingTrader]

Glad to see you got the message

One more thing.....stick to your thread and don't hijack somebody else's thread.