Commodity Daily - A World of Possibilities

GLOBAL MARKET PIVOT POINTS - MONTHLY - FEBRUARY 2012

2012-02-03T15:32:00.001+08:00

Dear Members/Investors,

Please find attached Global Market Pivot Points for your ready reference.

Thanks,
Happy Investing.

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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

These 8 Analysts See Gold Going to $3,000 - $10,000 in 2012

2012-01-12T15:22:00.001+08:00

These 8 Analysts See Gold Going to $3,000 - $10,000 in 2012

Lorimer Wilson

Many financial analysts, economists, academics and commentators believe it is only a matter of time before gold reaches a parabolic peak price well in excess of the prevailing price. Eight of them, listed below with the rationale for their beliefs, think gold will reach its parabolic peak price in the next 12 months—even as early as February, 2012.

Arnold Bock ($10,000—sovereign debt defaults, bankruptcies of too-big-to-fail banks, currency inflation and devaluation, rampant price inflation).

Porter Stansberry ($10,000—the Greenspan Guidotti rule says if a nation can't pay off all foreign debts in the next 12 months, it's a terrible credit risk. Speculators will target your bonds and currency. A default is assured. This rule means the US is likely to have a severe currency crisis within the next two years).

Taran Marwah ($6,000—excess money printing, debasing of the dollar, hyperinflation).

Goldrunner ($3,000-plus—fractal analysis indicates a 'gold tsunami' realizing an approximate 100% rise that will crest at $3,000-plus in mid-2010).

Bob Chapman ($2,500-$3,000—debt monetization will lead to higher inflation, and explains the systemic problem of many nations which have nowhere to turn except the creation of money and credit to temporarily keep their economies going).

Ian McAvity ($2,500-$3,000—gold is like life insurance in the current economic climate, and one of the most critical factors for the gold price currently is the return on risk-free capital, which is currently negative in real terms).

Kurtis Hemmerling ($2,500-$3,000—recession, convoluted Eurozone problems and inflationary stimulus).

Mary Anne and Pamela Aden ($2,000-$3,000—in today's historically extreme economic situation, we could see much higher prices for a longer period of time, well beyond 2012).

www.gold-eagle.com/editorials_12/wilsonl010412.html

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Thanks,
Happy Investing.

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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

GLOBAL PIVOTS MONTHLY - JANUARY 2012

2012-01-11T11:40:00.001+08:00

Dear Members/Investors,

Please find attached Pivot point analysis for the month of JANUARY 2012.

Nifty 4600 target achieved today - Descending triangle - Update 20 Dec 2011

2011-12-20T17:35:00.001+08:00

Dear Members/Investors,

The NIFTY TARGET of 4600 predicated @ 5500 in early July 2011 reached today. Kindly see my below update and attached charts, where I did point out the trend change on every bounce back.

Hope the updates were useful and profitable.

Best Regards,

Happy Investing !!!

InvestBourses

---------- Forwarded message ----------

Date: Thu, Jul 21, 2011 at 1:53 PM
Subject: Nifty Daily Chart update - 21 July 2011 (double bottom-descending triangle)

Dear Members,

Hope you have enjoyed the rally and booked the profit as well, Nifty moved exactly the same as mentioned in my earlier updates on 23 & 30 June 2011. Nifty did bounce back from possible double bottom formed in June 2011 and on positive diversions in momentum indicators but failed to cross the 50% Retracement level @ 5767 (Nov10 to June11).

Nifty currently ranging between 50% and 23.6% Retracement levels 5767 and 5466 respectively, watch this range carefully for any sharp break up/down.

Happy Trading.

Thanks,

Commodity Daily

---------- Forwarded message ----------

Date: Thu, Jun 30, 2011 at 4:59 PM
Subject: Nifty Daily chart update - 30 June 2011

---------- Forwarded message ----------
Date: Thu, Jun 23, 2011 at 6:28 PM
Subject: Nifty Daily chart update - 23 June 2011

Dear Members,

As you can see in the attached chart Nifty topped @ 6338.50 on 05-Nov-2010. Nifty was trading in range of 6200-5800 for a while before it breakdown below the triangle formed between this period on 11-Jan-2011 @ 5698 and completed our (600 point) expected correction by making bottom @ 5177.7 on 11-Feb-2011. As nifty was oversold it did break through the resistance level of 5600 on 25-Mar-2011 with gap and surged to 5944 level on 06-Apr-2011, which is near the 61.8% retracement level @ 5902 (Movement of 1160 point correction from Nov-2011 Top to Feb-2011 Bottom, also a trend line resistance - green line in the attached chart) and plummeted dramatically to 5328 level on 25-May-2011 as nifty failed to cross 61.8% level. After 600 point dramatic correction nifty rose 300 points to 5600 level again in first week of June 2011(the same resistance level faced in early Feb-Mar 2011 period) but failed to sustain at that level and made another bottom of 5195 on 20-June-2011. (which is nearby the earlier bottom formed @ 5177.7 on 11-Feb-2011, Possibly a double bottom )

In the period of 8 months (Nov-2010 to June-2011) nifty made three LH (Lower High) @ 6338.5 on 05-Nov-2010, @ 6181.05 on 04-Jan-2011, @ 5944.45 on 06-Apr-2011 and made possible double bottom @ 5177.7 on 11-Feb-2011, @ 5195 on 20-June-2011. Nifty 50% and 38.2% retracement levels are 5767,5632 respectively for the above said 8 Months of movement of Nifty from Nov-2010 to June-2011, Nifty must cross and close above this two levels to validate this possible double bottom. However, if Nifty fail to do so and break below this two bottom, it may correct up to 4600 level in coming moths. (Another view is forming from the chart is Nifty either forming big Triangle with 8 months time frame or Head and shoulder pattern with 6 month time frame, which is yet has to be confirmed)

Thanks,

Happy Investing.

BLOGS : http://investbourses.blogspot.com , http://investbourses.wordpress.com,
Twitter : Investbourses, Facebook : Inv Bou

Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

GLOBAL PIVOTS - MONTHLY - DECEMBER 2011

2011-12-12T11:57:00.001+08:00

Dear Members,

Please find attached GLOBAL PIVOTS for the month of DECEMBER 2011.

Alf Field Sees Gold Going to $4,500 – Here’s Why !!

2011-12-02T18:47:00.001+08:00

Alf Field Sees Gold Going to $4,500 – Here's Why

The Elliott Wave Theory (EW) gives superb results in predicting the gold price. While it is a complicated system with many difficult rules which I explain in simple terms in this article, I have determined that once this present correction in gold has been completed it should undergo the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way.

So said Alf Field in a 6,500 word speech that he came out of retirement to give at the recent Sydney Gold Symposium. The speech has been edited into this 2000 word article and a second 1400 word article entitled Alf Field is Back! The "Moses" Generation and the Future of Gold which is posted here.

The portion of the speech entitled "ADDENDUM: Update of the Elliott Wave Gold Analysis" has been edited ([ ]), abridged (…) and reformatted wherever deemed necessary to ensure a fast and easy read. Field's views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

As Field said in his speech:

On 31 December 1974 the largest and wealthiest nation on Earth allowed its citizens to buy and own gold…and the obvious conclusion was that it was necessary to resort to technical analysis to find a way to predict movements in the gold price. I experimented with a variety of technical systems and then got lucky. I discovered that the Elliott Wave Theory (EW) gave superb results in predicting the gold price [although] I couldn't get the same great results using EW in other commodities or markets.

How the Elliott Wave Theory Works

EW is a complicated system with many difficult rules, but I will try and explain it in simple terms. The technique is to concentrate on the corrections. In terms of EW, the sequence in a bull market is as follows. The market rises, has a 4% correction, rises, has a 4% correction and rises again. At this point the next correction jumps from 4% to a larger degree of magnitude, say 8%. The market then repeats the sequence: a rise, a 4% correction, a rise, a 4% correction, a rise and another 8% correction. When the market is eventually due a third 8% correction, the magnitude of that correction jumps from 8% to 16%. This sequence is repeated until two 16% corrections have occurred when the size of the next big correction jumps to 32%.

Applying the Elliott Wave Theory to the Progression in the Price of Gold

The beauty of EW is that the corrections in gold are remarkably regular and consistent. Early in 2002 I picked up the 4%, 4%, 8% rhythm in the gold market which convinced me that a new bull market had started in gold. Another feature of EW is that once one is confident that these percentages have been established and one has some idea of the approximate size of the up moves, simple arithmetic allows one to calculate a forecast of the future price trend.

Using this method I calculated that the gold price should rise from the $300 ruling in 2002 to at least $750 without having anything worse than two 16% corrections on the way. That was valuable information at that time. Furthermore, from the $750 target a big 32% correction could be expected to about $500. Then the bull market would resume, rising to perhaps $2,500 before another 32% correction occurred. The final up-move would take the gold price to much higher levels, possibly $6,000. Once again, a valuable insight when gold was $300 in 2002.

The gold price actually got to a shade over $1000 in March 2008, a four-fold increase instead of the expected three-fold rise to $750. That was the point at which the 32% correction was due. Over the next seven months the gold price in the spot market declined from $1003 to $680, an exact 32% correction. Using PM gold fixings, the numbers were slightly different. The high was $1011.0 and the low $712.5, making the correction slightly less than 30%, but quite adequate.

The above chart depicts the monthly spot gold prices since the start of the gold bull market in April 2001 when gold was $255. The 32% correction in terms of spot gold is clearly shown. The high at $1003 and the low at $680 established the extremities of the first two major waves of the bull market, shown in the chart as Major ONE and Major TWO. The gold bull market is in the process of working its way upward through Major THREE, often the longest and strongest wave in the bull market. There have been a number of interesting and unusual developments in Major THREE which will be discussed later.

[Below I] reveal some interesting things about the EW moves in gold since the $681 low in October 2008. That low was the start of the Major THREE wave. In Major ONE I mentioned that the corrections were 4%, 8%, 16% and then 32%. We know that Major THREE will likely be longer and stronger than the prior Major ONE up wave. It is logical to expect that the corrections in major THREE will be a larger percentage than those experienced in Major ONE.

This is how the first Intermediate wave of Major THREE developed in terms of London PM fixings:

Intermediate Wave I in London PM fixings:

Oct 08 to Feb 09 $712.5 to $989.0 + $276.5 +38.8%

Feb 09 to Apl 09 $989.0 to $870.5 -$118.5 -12.0%

Apl 09 to Dec 09 $870.5 to $1212.5 +$342.0 +39.3%

Dec 09 to Feb 10 $1212.5 to $1058.0 -$154.5 -12.7%

Feb 10 to Jun 2011 $1058.0 to $1549.0 +$491.0 +46.4%

[The above] are typical of the beautifully consistent sizes of EW waves in gold. There are two up waves of about 39% and two corrections of about 12%. Several things can be determined from these numbers. In February 2010 it was possible to pencil in a target for wave 5 of $1470, being a 39% rise from the wave 4 low of $1058. The 12% corrections are larger than the 8% for the equivalent waves in Major ONE, which was expected. One can deduce that the correction to follow wave 5 will be one degree larger than 12%, possibly double this figure. The target for wave 5 of $1470 was exceeded mainly because this became an extended wave. It reached a high of $1549 for a gain of 46.4%…Extended waves are simply waves that subdivide into an additional 5 waves. It happens mainly to 5^th waves and generally makes life difficult for EW analysts. [It is] difficult yes, but not impossible.

The analysis of the first extension, the extension of wave 5, is set out below:

Wave 5 of Intermediate Wave I – based on London PM fixings:

1. 1058 to 1261 +$203 +19.2%

2. 1261 to 1157 -$104 – 8.2%

3. 1157 to 1421 +$264 +22.8%

4. 1421 to 1319 -$102 – 7.2%

5. 1319 to 1549 +$230 +17.5%

Wave 5 1058 to 1549 +$491 +46.4%

NOTE: From the $1319 start of wave (5) above, the target price was $1319 + 19.2%, the same gain as wave (1), giving a target of $1572. The high price for gold in wave (5) in the spot market was $1576 on a day (2 May 2011) when the UK had a public holiday and there was no London PM fix available. Thus the gain for wave (5) was stunted in terms of PM fixes. This is not satisfactory and it became necessary to revert to analysing the waves in spot gold prices to get accurate readings. This was also required in order to pick up the minor waves in the final two extensions which were explosive in nature.

[A complete understanding of how the current global financial crisis is unfolding (Alf Field's 7 "D's" of the Developing Disaster Revisited), its cause (America's Current Account Deficit Causing World's Financial Crisis! Here's Why) and where it is headed (Where Is This Unprecedented Global Financial Crisis Headed? A Retrospective from Alf Field) can be attained in the aforementioned links to extremely insightful earlier articles by Mr. Field. Therefore,if you have the time to read any other articles on the on-going global financial crisis and what it means for the future price of gold (and silver and platinum by extension), then the above 3 articles are an absolute must read. You will not be disappointed.]

To illustrate how to analyse gold using EW through this difficult period, it is best to work through the time line as it actually happened. As noted above, the expectation was that following the completion of the extended wave 5, a correction one degree larger than 12% would occur from the peak of wave (5) at $1576.

Gold had a minor correction to $1478 in the spot market and then started a sharp upward move. When gold went to a new high above $1576 the probability of the big 24% (give or take 3%) correction occurring at that time receded. The stronger probability was that a new 5^th wave extension was underway. This was the first of the explosive series of extensions in gold. It became an historic sequence of four 5^th wave extensions in declining orders of magnitude.

At the end of each extended wave, the spectre of the bigger correction (21% to 27%) came into focus. With each new high, the bigger correction was delayed and a new extended wave was born. At $1814, after three 5^th wave extensions, the probability that $1814 was THE high was about 80%. Another extension at an even smaller degree was accorded only a 15% probability. The remaining 5% covered the possibility that the wave count was wrong and that a completely different outcome was evolving.

From $1814 gold had a minor correction to $1723, then blasted through $1814 to new all time high prices. The odds of a fourth 5^th wave extension at the smallest degree changed from a meagre 15% to a 90% certainty. The wave count at this smallest degree helped to determine in real time that at a price over $1910 gold was in serious danger of an important top, with the bigger correction certain to follow. [See the table below outlining a detailed analysis.]

(Both charts [above were] updated to 7 October 2011 and illustrate the wave counts described.)

Understanding the Magnitude of Gold's Correction From Its $1913 Top

We can now consider the possible magnitude of the current correction from the $1913 top. The correction [should] be one degree larger than the prior corrections [of] 12% in PM fixes and 14% in spot gold [for] an average of 13% [i.e down to somewhere between $1645 and $1664]. That compares with 8% in Major ONE. Both 8 and 13 are Fibonacci numbers, so it may be that the next correction could be 21%, the next Fibonacci number.

In Major ONE, the corrections tended to double when they moved up a degree in magnitude, so one must consider 26%, double 13%, as a possibility. A 21% correction from the peak of $1913 gives a target of $1511. A 26% correction would target $1416. There is one further possible target and that is $1478, the point at which the explosive extensions commenced. The price of an item will often retrace the full amount of the explosive extension. There was a recent example in silver of such a full retracement of the explosive extension… [as shown in] the chart below:

This analysis was prepared on 27 September 2011, the day after spot silver reached a low price of $26.59. The start of the extension was at $26.50 on 28 January 2011. A mere 3 months later, at the end of April, silver topped at $49.50, a very obvious explosive advance. Silver then traced out an A-B-C correction where the A and C waves were declines of similar size at $17 each, a typical EW relationship. At that low point of $26.59 on 26 Sept 2011 – the silver price had exactly retraced the full gain achieved in the explosive extension. The conclusion was that there was at least an 80% probability that the silver correction had bottomed at $26.59.

If gold retraces the exact gain achieved during the explosive advance from $1478 to $1913, which occurred in just seven weeks, it will represent a decline of 22.8% [to $1477]. That is nicely within the above anticipated range of 21% to 26% for the current decline in gold.

There is a possibility that the spike drop to $1531 on 26 September marked the low point of the correction in gold. The midpoint of the correction from $1576 to $1478 is $1527, close to $1531. If $1531 was the low, it was a decline of 20%. This is slightly below expectations, but it still qualifies as one degree larger than 13%.

At the date of writing (7 Nov 2011), gold has recovered to $1767, which is a 61.8% retracement of the loss from $1913 to $1531 (-$382), a typical size for this type of recovery. That leaves open the possibility (40% probability?) that gold will have another dip to test the target areas mentioned [above]. The higher the price goes above $1767, the greater the probability that the low was in at $1531.Once this correction has been completed, Intermediate Wave III of Major THREE will be underway. This should be the largest and strongest wave in the entire gold bull market.

Projected Future Price for Gold

The target for the Intermediate Wave III of Major THREE should be around $4,500 with only two 13% corrections on the way.

*The entire speech is available here

Lorimer Wilson (follow via FACEBOOK and/or TWITTER ) is editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and publisher of a daily FREE Financial Intelligence Report which can be subscribed to here.

European Union Doomed to Fail

2011-11-04T16:09:00.001+08:00

European Union Doomed to Fail

By Forrest Jones

The European Union is doomed to fail, at least as a monetary bloc, because the cultural differences between northern and southern countries are just too vast to allow for one monetary policy, says former Federal Reserve Chairman Alan Greenspan.

"At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't," Greenspan told CNBC.

"Instead, northern Europe fell into subsidizing southern Europe's excess consumption, that is, its current account deficits."

Eventually, southern European nations will no longer be able to import northern European goods.

"The effect of the divergent cultures in the eurozone has been grossly underestimated," Greenspan says.

"The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren't, it simply can't continue to work."

Others share Greenspan's dim view of the European crisis.

Nobel Prize-winning economist Joseph Stiglitz said the euro currency could dissolve "any time now," and that the nations of the euro area are unlikely to "really" solve their sovereign debt crisis.

Speaking to reporters in Toronto on Tuesday, the Columbia University economics professor said a big crisis in Europe would likely spread around the world, Bloomberg reported.

Stiglitz also said austerity is a "suicide pact" for the world's major economies.

"The only way we're going to make it through, restore economic growth, is by stimulating the economy," he said. "The austerity that is going on in Europe, America and so forth is effectively a suicide pact for our economies."

U.S. stocks, meanwhile, will continue on their wild swings while Europe works through its debt woes, which stem from fears that Greece will default and send shockwaves across the Atlantic.

"Today, there is one single integrated global stock market," Greenspan says.

Some companies in the U.S. say the European debt crisis is beginning to cut into demand and is now bruising corporate profits, which have been strong this year despite a sluggish economy.

"The quarter turned out to be a very different one than what we expected," says George Buckley, CEO of 3M, according to Reuters.

"Cause No. 1 was worries about European sovereign debt and the European economy. Cause No. 2 was the rapid contraction of the electronics end markets."

Read more: Greenspan: European Union Doomed to Fail

--
Thanks,
Happy Investing.

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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

Global Pivots Monthly - November 2011

2011-11-02T16:55:00.001+08:00

Dear Members,

Please find attached GLOBAL PIVOTS for the month of NOVEMBER 2011 for your reference.
--
Thanks,
Happy Investing.

BLOGS : http://investbourses.blogspot.com , http://investbourses.wordpress.com,
Twitter : Investbourses, Facebook : Inv Bou

Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

10 Essential Fiscal Charts Demonstrating America's Disastrous Condition

2011-10-24T11:55:00.001+08:00

10 Essential Fiscal Charts Demonstrating America's Disastrous Condition

Submitted by Tyler Durden on 10/16/2011 21:28 -0400

By now nobody should have any doubts as to just how disturbing America's fiscal debacle is. For those naive and innocent few who still think there is a Hollywood ending with a pot of gold awaiting everyone at the end of the rainbow, we present the following "10 essential fiscal charts" from the Pew Policy Institute. To be sure, these are all charts summarizing data that has appeared on Zero Hedge repeatedly over the years in some way shape or form. Pew does, however, have a flair for dramatic visual presentation. In Pew's own words: "Since April 2010, the Pew Fiscal Analysis Initiative has published several reports explaining the medium-and long-term fiscal challenges facing the federal government. With stagnating economic conditions and the passage of new legislation, especially the Budget Control Act of 2011, the outlook for the deficit and debt has changed considerably over the past six months. We have created 10 charts that illustrate how the choices made over the last 10 years contributed to our nation's debt and the challenges currently facing the Joint Select Committee on Deficit Reduction." So without further ado...

PLEASE FIND ATTACHED FILES FOR MORE INFORMATION.

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Thanks,
Happy Investing.

BLOGS : http://investbourses.blogspot.com , http://investbourses.wordpress.com,
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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

GLOBAL PIVOTS - MONTHLY - OCTOBER 2011

2011-10-05T12:06:00.001+08:00

Dear Members,

Please find attached Global Pivots for your kind reference.

The Periodic Table of Commodity Returns - 2001 to 2010

2011-09-16T10:31:00.001+08:00

Dear Members,

Please find attached 'The Periodic Table of Commodities Returns for Decade - 2001 to 2010" , Nickel is on top with 133% Return in 2003 and 154.45% Return in 2006 ( which is best in Decade). Second top performer is Copper with 153.14% Return in 2009. 2010 topper was Palladium with 96.6% Return.

Please find attached file showing Periodic Returns on Diverse Commodities for 2001-2010. (source www.usfunds.com)

GLOBAL PIVOTS - MONTHLY - SEPTEMBER 2011

2011-09-15T17:07:00.001+08:00

Dear Members,

Please find attached Global Pivots for the month of September 2011 for your reference.

ADP Shows Decline To 91K Jobs Added In August

2011-09-01T00:33:00.001+08:00

ADP Shows Decline To 91K Jobs Added In August

Gus Lubin|Aug. 31, 2011, 8:16 AM

The ADP jobs report showed 91K jobs added in August, down from 109K-revised in July. Market estimate was 110K.

This miss is not causing a huge move in the markets.

Some reasurring comments from ADP's Prakken: The likelihood that we're actually in recession right now "is really very small."

Private-sector employment increased by 91,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report^®released today. The estimated advance in employment from June to July was revised down modestly to 109,000, from the initially reported 114,000. According to today's ADP National Employment Report, employment in the nonfarm private business sector rose 91,000 from July to August on a seasonally adjusted basis. Employment in the private, service-providing sector rose 80,000 in August, down from increases that averaged 115,000 per month over the prior two months. Employment in the private goods-producing sector rose 11,000 in August, while manufacturing employment slipped by 4,000.

A Bloomberg survey expected 110k jobs added in August, down from 114k last month.

Traders will look to this report, the ISM manufacturing index tomorrow and the NFP report on Friday to determine whether there will be more easing by the Fed. The possibility of QE means the data could have a big impact on the dollar and a mixed effect on stocks.

Earlier this morning Challenger showed a 23% decrease in layoffs from July.

Read more: http://www.businessinsider.com/august-adp-report-2011-8#ixzz1WcmEpqqC

--
Thanks,
Happy Investing.

BLOGS : http://investbourses.blogspot.com , http://investbourses.wordpress.com,
Twitter : Investbourses, Facebook : Inv Bou

Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

Nifty Daily Chart update - 21 July 2011 (double bottom-descending triangle)

2011-07-21T13:53:00.000+08:00

Dear Members,

Nifty currently ranging between 50% and 23.6% Retracement levels 5767 and 5466 respectively, watch this range carefully for any sharp break up/down.

Happy Trading.

Thanks,

Commodity Daily

---------- Forwarded message ----------

Date: Thu, Jun 30, 2011 at 4:59 PM
Subject: Nifty Daily chart update - 30 June 2011

Dear Members,

Hope you have enjoyed the rally in Nifty as per my last update on 23 June 2011, below.

Nifty did bounce back 8% from possible double bottom as expected (Nifty update on 23 Jun 2011), now watch for 50% retracement level @ 5767 and Trend line resistance @ 5700 (If nifty able to cross and close above 38.2% retracement level @ 5632 today or tomorrow).

Happy Trading.

Thanks,
Commodity Daily

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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

---------- Forwarded message ----------
Date: Thu, Jun 23, 2011 at 6:28 PM
Subject: Nifty Daily chart update - 23 June 2011

Happy Trading.

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Commodity Daily

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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

GLOBAL PIVOTS – MONTHLY – JULY 2011

2011-07-14T13:06:00.000+08:00

Dear Members,

GLOBAL PIVOTS – MONTHLY – JULY 2011

** P M HIGH = Previous Month High, P M LOW = Previous Month Low, S = Support , R = Resistance

COMEX

COMMODITY

P M HIGH

P M LOW

P M CLOSE

PIOVT

+ / -

GOLD SPOT

1558.25

1490.85

1500.35

1310.15

1377.55

1444.95

1466.45

1512.35

1533.85

1579.75

1647.15

1714.55

-35.45

SILVER SPOT

38.53

33.39

34.69

19.90

25.04

30.18

32.12

35.32

37.26

40.46

45.61

50.75

-3.83

CRUDE AUG 11

103.88

89.61

95.42

53.20

67.47

81.74

88.14

96.01

102.41

110.28

124.55

138.82

-7.85

LME

ALUMINIUM 3 M

2695.00

2482.00

2532.00

1921.00

2134.00

2347.00

2425.00

2560.00

2638.00

2773.00

2986.00

3199.00

-143.00

COPPER 3 M

9430.15

8864.75

9430.00

7578.78

8144.18

8709.58

9119.80

9274.98

9685.20

9840.38

10405.78

10971.18

215.00

NICKEL 3 M

23610.00

21337.00

23425.00

16111.50

18384.50

20657.50

22251.00

22930.50

24524.00

25203.50

27476.50

29749.50

-170.00

TIN 3 M

27950.00

24510.00

26050.00

15783.75

19223.75

22663.75

24257.50

26103.75

27697.50

29543.75

32983.75

36423.75

-1890.00

ZINC 3 M

2378.00

2157.50

2365.00

1649.38

1869.88

2090.38

2243.75

2310.88

2464.25

2531.38

2751.88

2972.38

99.00

LEAD 3 M

2685.00

2384.75

2684.00

1703.19

2003.44

2303.69

2522.88

2603.94

2823.13

2904.19

3204.44

3504.69

163.00

CURRENCIES

USDINR

45.1450

44.5750

44.6981

43.0652

43.6352

44.2052

44.4053

44.7752

44.9753

45.3452

45.9152

46.4852

-0.3619

USDSGD

1.2447

1.2263

1.2285

1.1768

1.1952

1.2136

1.2193

1.2320

1.2377

1.2504

1.2688

1.2872

-0.0049

EURUSD

1.4697

1.4074

1.4502

1.2575

1.3198

1.3821

1.4191

1.4444

1.4814

1.5067

1.5690

1.6313

0.0106

GBPUSD

1.6496

1.5911

1.6053

1.4373

1.4958

1.5543

1.5761

1.6128

1.6346

1.6713

1.7298

1.7883

-0.0395

SGDINR

36.5975

36.0938

36.3858

34.8546

35.3583

35.8620

36.1340

36.3657

36.6377

36.8694

37.3731

37.8768

-0.1462

DOLLAR INDEX

76.0150

73.5060

74.3030

67.0298

69.5388

72.0478

73.0985

74.5568

75.6075

77.0658

79.5748

82.0838

-0.3350

USDJPY

81.5700

79.7000

80.5600

74.9900

76.8600

78.7300

79.6300

80.6000

81.5000

82.4700

84.3400

86.2100

-0.9600

ASIAN & AMERICAN MARKETS

BSE

18873.39

17314.38

18845.87

13825.12

15384.13

16943.14

18130.91

18502.15

19689.92

20061.16

21620.17

23179.18

342.59

NSE

5657.90

5195.90

5647.40

4165.74

4627.74

5089.74

5445.58

5551.74

5907.58

6013.74

6475.74

6937.74

87.25

STRAITS TIMES

3181.53

2999.19

3120.44

2561.21

2743.55

2925.89

3034.92

3108.23

3217.26

3290.57

3472.91

3655.25

-39.49

DOW

12569.49

11862.53

12414.34

10193.73

10900.69

11607.65

12059.73

12314.61

12766.69

13021.57

13728.53

14435.49

-155.45

NASDAQ

2834.05

2599.86

2773.52

2043.06

2277.25

2511.44

2657.21

2745.63

2891.40

2979.82

3214.01

3448.20

-61.78

NIKKEI 225

9849.69

9318.62

9816.09

8122.56

8653.63

9184.70

9581.86

9715.77

10112.93

10246.84

10777.91

11308.98

122.36

This research report is prepared for general information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

COMEX	Technical Information
COMMODITY	52W H	52W L	20D MA	50D MA	100D MA	RSI 14D	ADX
GOLD SPOT	1577.57	1157.03	1523.95	1520.61	1486.69	59.06	15.81
SILVER SPOT	49.79	17.31	35.31	35.92	37.45	45.99	15.78
CRUDE AUG 11	115.52	76.56	94.78	98.88	102.78	43.93	20.48

LME
ALUMINIUM 3 M	2803.00	1947.50	2539.75	2584.17	2597.73	39.71	16.83
COPPER 3 M	10190.00	6470.00	9265.60	9099.66	9330.45	61.59	22.05
NICKEL 3 M	29425.00	18700.00	22638.75	23359.90	25163.65	52.01	26.16
TIN 3 M	33600.00	17350.00	25709.75	27053.70	29279.00	52.73	29.58
ZINC 3 M	2638.75	1776.00	2295.93	2241.92	2323.46	50.98	20.70
LEAD 3 M	2904.00	1755.50	2597.78	2503.41	2564.58	60.36	21.26

CURRENCIES
USDINR	47.3850	43.9750	44.7362	44.8317	44.8401	48.81	18.75
USDSGD	1.3870	1.2177	1.2319	1.2353	1.2465	46.21	15.75
EURUSD	1.4940	1.2523	1.4311	1.4335	1.4279	34.01	17.34
GBPUSD	1.6747	1.4965	1.6056	1.6223	1.6248	32.47	25.52
SGDINR	36.6515	33.6904	36.3161	36.3030	35.9395	53.65	9.55
DOLLAR INDEX	84.5570	72.6960	75.1049	74.9358	75.2486	63.79	19.17
USDJPY	89.1100	76.2500	80.6100	80.7800	81.5300	37.31	14.38

ASIAN & AMERICAN MARKETS
BSE	21108.64	17295.62	18351.71	18338.10	18551.45	55.96	22.68
NSE	6338.50	5177.70	5508.76	5501.32	5565.28	55.71	22.61
STRAITS TIMES	3313.61	2910.21	3079.49	3111.57	3097.66	52.98	18.73
DOW	12876.00	9936.62	12241.30	12375.85	12302.95	56.93	23.38
NASDAQ	2887.75	2099.29	2722.92	2762.64	2760.84	56.64	23.60
NIKKEI 225	10891.60	8227.63	9730.54	9659.73	9800.31	66.37	25.18

This research report is prepared for general information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

--
Thanks,
Commodity Daily

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Note- Members express their own view & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell advise, please use your own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.NEW INVESTORS SHOULD BE VERY CAREFUL.

Nifty Daily chart update - 30 June 2011

2011-06-30T16:59:00.001+08:00

---------- Forwarded message ----------
Date: Thu, Jun 23, 2011 at 6:28 PM
Subject: Nifty Daily chart update - 23 June 2011

Nifty Daily chart update - 23 June 2011

2011-06-23T18:28:00.001+08:00

Over The Counter Gold And Silver To Be Illegal Beginning July 15

2011-06-21T13:50:00.001+08:00

Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15

Zero Hedge
June 19, 2011

One small step toward Executive Order 6102 part 2, and one giant leap for corruptcongressmankind.

Important Account Notice Re: Metals Trading

We wanted to make you aware of some upcoming changes to FOREX.com's product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011.

In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET.

We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated.

We sincerely regret any inconvenience complying with the new U.S. regulation may cause you. Should you have any questions, please feel free to contact our customer service team.

Sincerely,
The Team at FOREX.com

So far we have only received this warning from Forex.com. We are waiting to see which other dealers inform their customers that trading gold and silver over the counter will soon be illegal.

It appears that Forex.com's interpretation of the law stems primarily from Section 742(a) of the Dodd-Frank act which "prohibits any person [which again includes companies]from entering into, or offering to enter into, a transaction in any commodity with a person that is not an eligible contract participant or an eligible commercial entity, on a leveraged or margined basis."

Some prehistory from Hedge Fund Law Blog:

The Dodd-Frank Wall Street Reform and Consumer Protection Act ("Act") has changed a number of laws in all of the securities acts including the Commodity Exchange Act. Two specific changes deal with certain transactions in commodities on the spot market. Specifically, Section 742 of the Act deals with retail commodity transactions. In this section, the text of the Commodity Exchange Act is amended to include new Section 2(c)(2)(D) (dealing with retail commodity transactions) and new Section 2(c)(2)(E) (prohibiting trading in spot forex with retail investors unless the trader is subject to regulations by a Federal regulatory agency, i.e. CFTC, SEC, etc.). According to a congressional rulemaking spreadsheet, these are effective 180 days from the date of enactment.
We provide an overview of the new sections and have reprinted them in full below.
New CEA Section 2(c)(2)(D) – Concerning Spot Commodities (Metals)
The central import of new CEA Section 2(c)(2)(D) is to broaden the CFTC's power with respect to retail commodity transactions. Essentially any spot commodities transaction (i.e. spot metals) will be subject to CFTC jurisdiction and rulemaking authority. There is an exemption for commodities which are actually delivered within 28 days. While the CFTC wanted an exemption in which commodities would need to be delivered within 2 days, various coin collectors were able to lobby congress for a longer delivery period (see here).
It is likely we will see the CFTC propose regulations under this new section and we will keep you updated on any regulatory pronouncements with respect to this new section.
New CEA Section 2(c)(2)(E) – Concerning Spot Forex
The central import of new CEA Section 2(c)(2)(E) is to regulate the spot forex markets. While the section requires the CFTC to finalize regulations with respect to spot forex (which were proposed earlier in January), it also, interestingly, provides oversight of the markets to other federal regulatory agencies such as the CFTC. This means that in the future, different market participants may be subject to different regulatory regimes with respect to trading in same underlying instruments. A Wall Street Journal article discusses the impact of this with respect to firms which engage in other activities in addition to retail forex transactions. The CFTC's proposed rules establish certain compliance parameters for retail forex transactions, requires registration of retail forex managers and requires such managers to pass a new regulatory exam called the Series 34 exam. We do not yet know whether the other regulatory agencies will adopt rules similar to the CFTC or if they will write rules from scratch.

Next, from Henderson & Lyman:

The prohibition of Section 742(a) does not apply, however, if such a transaction results in actual delivery within 28 days, or creates an enforceable obligation to deliver between a seller and a buyer that have the ability to deliver, and accept delivery of, the commodity in connection with their lines of business. This may be problematic as in most spot metals trading virtually all contracts fail to meet these requirements. As a result, although the courts' interpretation of Section 742(a) is unknown, Section 742(a) is likely to have a significantly negative impact on the OTC cash precious metals industry. Here too, it is essential that those who offer to be a counterparty to OTC metals transactions seek professional help to discuss possible operational and regulatory contingency plans.

The actual rule language exempts a transaction if it "results in actual delivery within 28 days or such other period as the Commission may determine by rule or regulation based upon the longer period as the Commission may determine by rule or regulation based upon the typical commercial practice in cash or spot markets for the commodity involved;" Alas, the commission has decided not to intervene and keep the exemption status window so small as to affect virtually all exchanges which transact in the gold and silver spot market.

More here:

Elimination of OTC Forex

Effective 90 days from its inception, the Dodd-Frank Act bans most retail OTC forex transactions. Section 742(c) of the Act states as follows:

…A person [which includes companies] shall not offer to, or enter into with, a person that is not an eligible contract participant, any agreement, contract, or transaction in foreign currency except pursuant to a rule or regulation of a Federal regulatory agency allowing the agreement, contract, or transaction under such terms and conditions as the Federal regulatory agency shall prescribe…

This provision will not come into effect, however, if the CFTC or another eligible federal body issues guidelines relating to the regulation of foreign currency within 90 days of its enactment. Registrants and the public are currently being encouraged by the CFTC to provide insight into how the Act should be enforced. See CFTC Rulemakings regarding OTC Derivatives located at the following website address, under Section XX – Foreign Currency (Retail Off Exchange). It is essential that OTC forex participants seek professional help to discuss possible operational and regulatory contingency plans.

Elimination of OTC Metals

As for OTC precious metals such as gold or silver, Section 742(a) of the Act prohibits any person [which again includes companies]from entering into, or offering to enter into, a transaction in any commodity with a person that is not an eligible contract participant or an eligible commercial entity, on a leveraged or margined basis. This provision intends to expand the narrow so called "Zelener fix" in the Farm Bill previously ratified by congress in 2008. The Farm Bill empowered the CFTC to pursue anti-fraud actions involving rolling spot transactions and/or other leveraged forex transactions without the need to prove that they are futures contracts. The Dodd-Frank Act now expands this authority to include virtually all retail cash commodity market products that involve leverage or margin – in other words OTC precious metals.

Small Pool Exemption Eliminated

Pursuant to Section 403 of Act, the "privateadviser" exemption, namelySection 203(b)(3) of the Investment Advisers Act of 1940 ("Advisers Act"), will be eliminated within one year of the Act's effective date (July 21, 2011). Historically, many unregistered U.S. fund managers had relied on this exemption to avoid registration where they:

(1) had fewer than 15 clients in the past 12 months;

(2) do not hold themselves out generally to the public as investment advisers; and

(3) do not act as investment advisers to a registered investment company or business development company.

At present, advisers can treat the unregistered funds that they advise, rather than the investors in those funds, as their clients for purposes of this exemption. A common practice has thus evolved whereby certain advisers manage up to 14 unregistered funds without having to register under the Advisers Act. Accordingly, the removal of this exemption represents a significant shift in the regulatory landscape, as this practice will no longer be allowable in approximately one year.

Also an important consideration, the Dodd-Frank Act mandates new federal registration and regulation thresholds based on the amount of assets a manager has under management ("AUM"). Although not yet underway, it is possible that various states may enact legislation designed to create a similar registration framework for managers whose AUM fall beneath the new federal levels.

Accredited Investor Qualifications

Section 413(a) of the Act alters the financial qualifications of who can be considered an accredited investor, and thus a qualified as eligible participant ("QEP"). Specifically, the revised accredited investor standard includes only the following types of individuals:

1) A natural person whose individual net worth, or joint net worth with spouse, is at least $1,000,000, excluding the value of such investor's primary residence;

2) A natural person who had individual income in excess of $200,000 in each of the two most recent years or joint income with spouse in excess of $300,000 in each of those years and a reasonable expectation of reaching the same income level in the current year; or

3) A director, executive officer, or general partner of the issuer of the securities being offered or sold, or a director, executive officer, or general partner of a general partner of that issuer.

Based on this language, it is important to note that the revised accredited investor standard only applies to new investors and does not cover existing investors. However, additional subscriptions from existing investors are generally treated as requiring confirmation of continuing investor eligibility.

On July 27th, 2010, the SEC provided additional clarity regarding the valuation of an individual's primary residence when calculating net worth. In particular, the SEC has interpreted this provision as follows:

Section 413(a) of the Dodd-Frank Act does not define the term "value," nor does it address the treatment of mortgage and other indebtedness secured by the residence for purposes of the net worth calculation…Pending implementation of the changes to the Commission's rules required by the Act, the related amount of indebtedness secured by the primary residence up to its fair market value may also be excluded. Indebtedness secured by the residence in excess of the value of the home should be considered a liability and deducted from the investor's net worth.

Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/trading-of-over-the-counter-gold-and-silver-to-be-illegal-beginning-july-15/

Scotia Mocatta Loses 60% Of Its Physical Silver In One Month To "Reclassification".....

2011-06-14T18:35:00.001+08:00

Scotia Mocatta Loses 60% Of Its Physical Silver In One Month To "Reclassification", Total Comex Registered Silver Now Under 30 Million Ounces

By Tyler Durden

Created 06/01/2011 - 17:57

About a month ago [1]we indicated that Comex depository Scotia Mocatta "lost" 25% of its Registered (aka Physical) silver after the vault encountered a "reporting reclassification" which saw 5,287,142 ounces of silver moved from Registered to Eligible status, dropping the vault's true holdings from 11.8 million ounces to 6.5 million. Naturally, the response from the peanut gallery was that this was a tempest in a teacup and it was "temporary" and a-ha, any minute it would reverse, and all shall be well, everyone would live happily ever after, and the Comex would actually have silver available for delivery purposes. We decided to not hold our breath. Which after pulling today's most recent Comex warehouse data appears to have been a prudent decision, because for the first time ever total registered silver has dropped below 30 million ounces, after experiencing a 5% overnight drop across the board, primarily driven by yet another 1,456,488 ounce "adjustment" of warehoused silver from Registered To Eligible at Scotia Mocatta. As of last night, total Scotia physical silver was now 4,740,447 ounces, a 24% drop overnight, and a massive 60% drop from the total which we captured on April 20. Still think it's temporary?

Oh, and Scotia was not alone: there were comparable reclassifications at both HSBC and Delaware. But the kicker: total silver at Scotia Mocatta has barely budged. The only thing that has changed is the shift from real silver to "Eligible", or that which has no warehouse receipt issued against it, or as was described previously "a private arrangement" which has nothing to with the Comex. This is non-deliverable silver! Thus, starting with a ratio of 11.8MM to 8.8MM ounces of Registered/Eligible (or 57%/43%) a little over a month ago (on April 19), the most recent Scotia Moccata physical silver now just 23.4% of the "total." And just as troubling is that the total amount of silver available for dlivery has just fallen to a fresh all time low. Luckily, we have margin call driven liquidations such as today which will probably buy a few more days before registered Scotia silver hits 0 (but don't worry: it's only temporary).

Silver – Time to buy

2011-05-19T16:23:00.001+08:00

Silver – Time to buy

Puru Saxena
Posted May 14, 2011

Only two weeks ago, the price of silver was rapidly appreciating in a parabolic advance. Back then, sentiment towards the white metal was extremely bullish and its price was approximately 78% above its 200-day moving average. Furthermore, on the 25th of April, silver registered a key reversal whereby its price tested the all-time high recorded in 1980 but failed to hold on to its intra-day gains.

You will recall that after observing all of the above conditions, we sent out an alert advising investors and speculators to take some money off the table. As it turns out, our caution was warranted and what has recently transpired can only be described as a rout in the silver market.

It is notable that although we were looking for a big medium-term correction in silver, even we were taken aback by the force of the decline. It is astounding that within two weeks, the price of silver fell by approximately 35% and today, the white metal is trading at just US$34 per ounce. It goes without saying that the recent price action in silver is yet another reminder that commodities are extremely volatile and parabolic moves always end in tears.

Now, we are aware that many manipulation theories are currently doing the rounds whereby the affected parties are claiming that silver's plunge was due to an orchestrated takedown by the banks. Obviously, there is no way to prove this but it pays to remember that when any asset appreciates by 190% in 8 months, most of the buyers have already bought into the bullish thesis. Therefore, after the buying has exhausted itself, profit taking and short-selling bring about the reversal and the price retraces a large portion of the gains. This is how the world's financial markets have operated since the beginning of time and 'this time is different' are the four most expensive words in an investor's dictionary.

Turning to the present situation, the price of silver is currently trading around US$34 per ounce. Moreover, it is noteworthy that on two occasions, the price of the white metal briefly dipped below US$34 per ounce, however on both days, it closed above that level. This price action leads us to believe that silver is finding some support in the US$32-34 per ounce area and it is conceivable that most of the selling is now behind us.

In terms of the technicals, silver is currently trading only 17% above its 200-day moving average and its daily chart reveals a double bottom formation. Moreover, investor sentiment towards the white metal has changed dramatically and euphoria has been wrung out of the market. Thus, bearing in mind the possibility of a base formation and the negative investor sentiment, this is the time to start accumulating positions in silver.

Look. We do not possess a crystal ball and have no divine powers to accurately predict the future. However, we believe that the risk/reward for silver is now favourable and barring a deflationary meltdown, the downside is limited.

Our analysis suggests that under the worst case scenario, the price of silver could decline to US$30 per ounce but even that level is less than 15% below the current price. So, this is the time to re-allocate capital to the silver market but investors should bear in mind the possibility that silver will not climb to a record high anytime soon. Instead, the probability favours a lengthy base formation which will then act as a launch pad for silver's next rally.

Finally, it is our contention that during the next rally in precious metals, silver will not be the leader. After all, the recent plunge has devastated investor sentiment and it is unlikely that the party goers will show up at the same ball again.

If our assessment is correct, the precious metals sector will experience a rotation, whereby investors and speculators will now turn to gold. Accordingly, we believe that during the next big advance, the yellow metal will provide leadership and appreciate more than silver.

email: puru@purusaxena.com
website: www.purusaxena.com