Banarasi Dass Bhawan shop nos 344-345 choura rasta
Jaipur, Rajasthan 302003

ph: 01412568292
alt: 09414056705

Home

Will this be continue..?? for subscribers only
Will this be continue in stock market? for subscribers only
05th-Feb 2010Sell Tata motors s/L 695 tgt 675,670,665
sell Icici bank with s/L 835 tgt 820,815,810
Buy  Uttam Galva Steels with s/L 118 tgt 112,111,110
Sell Jai Corp Ltd.with s/L 288 tgt  280,278,277
Sell  Mercator Lines with s/L 58 tgt 55,55,54
 
3rd Feb 2010Buy Ifci (cmp 51.80) with s/L Rs 51 tgt 52,52.50,53
Buy STC india (507.90) with s/L 500 tgt 515,520,521
Buy  Hindalco Industries Ltd (151.05) with s/L 149 tgt 153,154
Buy Dr. Reddy's Laboratories Ltd.(1165.60) with s/L 1155 tgt 1170,1175,1178
Buy  TIL Ltd (370.70) with s/L 365 tgt 373,375,378 
 29th-Jan -2010Sel MTNL with s/L 77 tgt74,73,73.50
Sell Sterlite with s/L 772 tgt 758,755,750
Sell City Union Bank with s/L 30 tgt 27.50,27,26.50
Sell Nelco Ltd.with s/L 104 tgt 100,99,98
Sell Oudh SugarWith s/L 67 tgt 64,63, 62.50
Timely profit booking is strongly recommended   
Lots of technical analysts and astrologers are copy our web site that is why we update between 0945 to 0950am
Beware from Them
Technical analysts, Funds mangers, stock brokers  Investors Research analysts are joining and you ?
Are you confused by technical  who always talk both side or with if and but
Know well in advance market movement , sector to move, stock to move up and down
who make money or loose money in stock & commodities market
Subscribers for weekly news letter, daily sms services on mobile
speak on 0141-2568292, 09887056704
Subscribe weekly news letter for  15% to 25% monthly return on investment
In Just Rs 15000 yearly
Gold is safe investment for 2009 written in Jan 2009 supported by world leading news paper , Tv channels and web sites  Australia, Thiland, financial express, moneycontrol.com
web sites click links given below
http://www.moneycontrol.com/india/news/commodities/goldsafe-investment-ajay/362068
http://www.moneycontrol.com/india/news/commodities/goldsafe-investment-ajay/362068
http://www.financialexpress.com/news/2009-road-ahead/403646/3
http://www.hotcopper.com.au/post_single50.asp?fid=1&tid=804644&msgid=4467691&getPrevious=1
http://jeffrey-thai.blogspot.com/2009/01/astrology-gold-will-be-safe-investment.html

when technical has no answer astrology works

On line Financial astrology short course (2 months)
Learn about stock market ups and down movement, bullion and metal energy ups and down
who make profit or loss in trading, lots more. Class on Sunday/Holidays online
 batch starting soon
Fee Rs 8000
Selection for selected candidates only 
(Admission in Financial astrology course )
speak for  details at phone 0141-2568292 or  09414056705 or 09887056704
watch daily Us stock market predictions around 7pm
20-Jan-2010(US stock market)
Sell  MTE
Live show on CNBC Aawaz on 30th Dec 2009 at 09:30am
Live show on Zee business on 29th Dec 09 (Tuesday) at 7pm
yearly prediction
Keep visiting for special predictiosn for 2010
29th-Jan-2010
Sell MTNL with s/L 77 tgt74,73,73.50
Sell Sterlite with s/L 772 tgt 758,755,750
Sell City Union Bank with s/L 30 tgt 27.50,27,26.50
Sell Nelco Ltd.with s/L 104 tgt 100,99,98
Sell Oudh SugarWith s/L 67 tgt 64,63, 62.50
Book timely profit on given levels
28th-Jan -2010
Buy Cadila Healthcare Ltd. (695.80) with stop loss Rs 688 target Rs 702,706,710

Buy Cummins India Ltd. (Rs 445.45) with stop loss Rs 440 target 450,450,452

Profit in short in nifty and timely profit booking

27th-Jan-2010
Sell Shobha developers, Icici bank, India cement but book profit when ?

Happy Deepawali

Watch Col Ajay  live at India's largest business Tv channel  CNBC AWAZ on Diwali (17th Oct 2009) at 5.30pm

16th-Oct-2009

watch exclusive interview of Col Ajay on world largest Tv channel Bloomberg UTVi at 10.15am on 16th Oct 09

watch Col Ajay on Zee business Live show on 15thOct at 5.15pm on stock & commodities

Big profit in short in gold

Col Ajay on Budget 2010
at money control.com 30 days well in advance  100% correct advance  prediction
After Oscar Now Film fare award
Film fare award to Hrithik Roshan  for best actor was predicated well in advance by Col Ajay on 28th Dec 2008
 in The Financial express and Yahoo news  web sites click link given below
The Financial express, www.maoneycontrol.com  , www.ndtvprofit.com   and Yahoo finance on Budget 2008
Click link given below
Col Ajay at Thailand and Russian web site click link given below
 Lt  Col Ajay (First Indian)  at  biggest International financial news paper( publish from 19 countries
Col Ajay is at world biggest financial news paper click link given below
IB TIMES (International Business Times)( USA)
Check every expert was bearish in bullion, crude oil and metal for 17thAgust on ward but we were bullish for 18th August to 22 august 2008, India biggest finical web site www.moneycntrol.comhas publish our research well in advance on 18th august 08 result one sid upward movement in crude, metal and bullion check link given below for this unique advance predictions
Click link for you only
Biggest predictions about US president Mr obama  well in advance in Feb 2008 click link of video
 Thanks  receieved from Mr Obama for unique predictions to col Ajay

jones , Dow jones, Dow jones predictiosn , Dow Jones advance forcast, Dow jones 2010, Will Dows cross 11000? to know click , Us economy is not so bad now, Time to rebound Us economy, Asian economy will come back, India golden period is just head, Indian economy and us economy will go in hand in hand , Time to enter new golden era, Us economy back India , U.S. Markets - Dow Jones, Nasdaq, S&P 500 -comComplete financial market predictions , stock market free tips etc coverage with breaking news, analysis, stock quotes, before & after hours market data, research and earnings.stock market predictions, Indian stock market predictiosn, share marker predictiosn, advance predictiosn of gold , Bullion forcast, investment in bullion is safe ?, bullion associations, bullion traders, gold traders, gold dealers, gold bullion, predictions 2010, astro predictiosn 2010, stock market 2010, bullion 2010, gold yearly predictiosn 2010,Bullion 2010, Us stock market 2010, Copper predictiosn 2010, zinc predictiosn 2010, Col Ajay astromoneguu, www.5trades.com, Zee business , zee business, zee business ,bloombergutv, dowes, dowes, nifty astrology, Nifty astrology, Nifty 2010, market astrology,dollar astrology, zee business, Perfect predictions on stocks, predictions on stocks, predictions on stock market, predictions on world stock market, predictiosn on stock market 2010, 10 predictions on stock , Ajay is world fame astrologer living in jaipur , Col Ajay the financial astrologers predicit stock market from Jaipur , Jaipur Famour for astrology ,
market for 2010, auto sectors and 2010, metal and 2010, sugar and 2010,astrology 2010, profit 2010,stock watch for 2010,sharemarket2010, Col Ajay astromoneyguru, predictions on gold , Bullion predictions , silver out look, market out look, nifty out look, futurer market out look, daily market predictions, market astrology, super market astrology, astrology and market, profit astrology, stock market astrology, Nifty astrology, Jones, dowes jones out look, daily free tip, stock market tip, free tip on stock market, market reserch , reserch report on stock market, daily reserch on stock market, reserch on stocks, mutual funds reserch , commodities reserch, majormoney.astromoneyguru, astromoneyguru, ajay, Ajay, col ajay astromoneyguru, Nifty trend, Nifty out look, Daily market out look, Jaipur astrology, Jaipur, Jaipur famous astrologers, perfect forcast on Indian stock narket, BSE Nse stock tip, Nsc , Bse stock tip, Bse and nse future trend , Bse and nse stock intraday tip, Mcx trading tip, Bse and Nse stock reserch, Nse levels, Bse levels, Bullion daily price levels, crude oil price levels,  Will market see down trend in Indian stock market ?,  will you earn in stock market ? Metal stock may give you surprice, US stock market is ready to see down trend now?  Film stars 's astrologers, Col Ajay is celebraity astrologer for stock brokers, commodity delaers, polictical leaders, Do you want to know your  FATE . LOG ON
www.astromoneyguru.com , value notes.com, value notes .com, way2 gain, 3mteam,5trades .com, Money market and astrology, money and astrology, money watch, money guru, stock market analysis, daily Indian share bazar predictions, share bazar daily tip, Free tip on stock market, solar eclipse Jan 2010 and stock market, Solar eclipse may lead stock market 180 degree turn ? Nifty Bhavishwani, market bhavishwani, nifty up and down , market levels, Sensex predictions , Sensex astrology, Sensex levels, Bombay stock exchange , National stock exchange, moneyguru, poweryour trade through astrology, Astro out look on market, Solar eclipse Jan 2010, Longet surya garahan, Market bhavishya,astrology and you, make fortune through stock market,Fortune and money, Nifty out look for 2010, daily nifty out look, Nifty predictions , Nifty levels, Perfect nifty levels, Magic of Nifty, Make through Nifty, singapore Nifty , Nifty predictions , world best nifty predictions , Correct nifty levels ,Nifty predictions, daily predictions on market, stock predictions, share predictions, moneyguru, astro guru, astromoney guru, market guru, money astrology, money matters, money astrology, financial astrology, astro economics, money astrology, profit astrology, lucky day, Luck and stock market, stars and share market, bazar and stars, stars and money, stars can make you reach or poor, money through astrology, Jaipur astrology, astrologer at jaipur, crude oil levels, crude oil astrology, stock market master, nifty master, master of astrology and stock market, Indian stock market master, Bse master, Nifty master, share bazar master, stock market master, master in daily predictions on stock and commodities, master in gold forcast, astro master in stock market, business astrology on stock market, Financil astrology on share and commodities market, commodity online recommendations, weeklely news letter on stock and commodities, Financial astrology on share market and bullion, Financial astrology on stocks, Online financial atrology course,Online teaching , Online astrology teaching, Online astrology teaching, online learn astrology, Learn online astrology, learn online astro lesson , Market guru of stock market, perfect forcast on stock market, Money and astrology, Check your fortune through stock market, fortune in share market, Fortune in share bazar,Fortune and stock market, Fortune and financial astrology, Stock fortune,share fortune ,Gold astrology, silver astrology

 28th-Jan-2010Keep eyes on Cadila health and cumminus
Lots of technical analysts and astrologers are copy our web site that is why we update between 0945 to 0950am
Beware from Them
Technical analysts, Funds mangers, stock brokers  Investors Research analysts are joining and you ?
Are you confused by technical  who always talk both side or with if and but
Know well in advance market movement , sector to move, stock to move up and down
who make money or loose money in stock & commodities market
Subscribers for weekly news letter, daily sms services on mobile
speak on 0141-2568292, 09887056704
Subscribe weekly news letter for  15% to 25% monthly return on investment
In Just Rs 15000 yearly
Gold is safe investment for 2009 written in Jan 2009 supported by world leading news paper , Tv channels and web sites  Australia, Thiland, financial express, moneycontrol.com
web sites click links given below
http://www.moneycontrol.com/india/news/commodities/goldsafe-investment-ajay/362068
http://www.moneycontrol.com/india/news/commodities/goldsafe-investment-ajay/362068
http://www.financialexpress.com/news/2009-road-ahead/403646/3
http://www.hotcopper.com.au/post_single50.asp?fid=1&tid=804644&msgid=4467691&getPrevious=1
http://jeffrey-thai.blogspot.com/2009/01/astrology-gold-will-be-safe-investment.html

when technical has no answer astrology works

On line Financial astrology short course (2 months)
Learn about stock market ups and down movement, bullion and metal energy ups and down
who make profit or loss in trading, lots more. Class on Sunday/Holidays online
 batch starting soon
Fee Rs 8000
Selection for selected candidates only 
(Admission in Financial astrology course )
speak for  details at phone 0141-2568292 or  09414056705 or 09887056704
watch daily Us stock market predictions around 7pm
20-Jan-2010(US stock market)
Sell  MTE
Live show on CNBC Aawaz on 30th Dec 2009 at 09:30am
Live show on Zee business on 29th Dec 09 (Tuesday) at 7pm
yearly prediction
Keep visiting for special predictiosn for 2010
28th-Jan -2010
Buy Cadila Healthcare Ltd. (695.80) with stop loss Rs 688 target Rs 702,706,710

Buy Cummins India Ltd. (Rs 445.45) with stop loss Rs 440 target 450,450,452

27th-Jan-2010
Sell Shobha developers, Icici bank, India cement but book profit when ?

Happy Deepawali

Watch Col Ajay  live at India's largest business Tv channel  CNBC AWAZ on Diwali (17th Oct 2009) at 5.30pm

16th-Oct-2009

watch exclusive interview of Col Ajay on world largest Tv channel Bloomberg UTVi at 10.15am on 16th Oct 09

watch Col Ajay on Zee business Live show on 15thOct at 5.15pm on stock & commodities

Big profit in short in gold

Col Ajay on Budget 2010
at money control.com 30 days well in advance  100% correct advance  prediction
After Oscar Now Film fare award
Film fare award to Hrithik Roshan  for best actor was predicated well in advance by Col Ajay on 28th Dec 2008
 in The Financial express and Yahoo news  web sites click link given below
The Financial express, www.maoneycontrol.com  , www.ndtvprofit.com   and Yahoo finance on Budget 2008
Click link given below
Col Ajay at Thailand and Russian web site click link given below
 Lt  Col Ajay (First Indian)  at  biggest International financial news paper( publish from 19 countries
Col Ajay is at world biggest financial news paper click link given below
IB TIMES (International Business Times)( USA)
Check every expert was bearish in bullion, crude oil and metal for 17thAgust on ward but we were bullish for 18th August to 22 august 2008, India biggest finical web site www.moneycntrol.comhas publish our research well in advance on 18th august 08 result one sid upward movement in crude, metal and bullion check link given below for this unique advance predictions
Click link for you only
Biggest predictions about US president Mr obama  well in advance in Feb 2008 click link of video
 Thanks  receieved from Mr Obama for unique predictions to col Ajay

jones , Dow jones, Dow jones predictiosn , Dow Jones advance forcast, Dow jones 2010, Will Dows cross 11000? to know click , Us economy is not so bad now, Time to rebound Us economy, Asian economy will come back, India golden period is just head, Indian economy and us economy will go in hand in hand , Time to enter new golden era, Us economy back India , U.S. Markets - Dow Jones, Nasdaq, S&P 500 -comComplete financial market predictions , stock market free tips etc coverage with breaking news, analysis, stock quotes, before & after hours market data, research and earnings.stock market predictions, Indian stock market predictiosn, share marker predictiosn, advance predictiosn of gold , Bullion forcast, investment in bullion is safe ?, bullion associations, bullion traders, gold traders, gold dealers, gold bullion, predictions 2010, astro predictiosn 2010, stock market 2010, bullion 2010, gold yearly predictiosn 2010,Bullion 2010, Us stock market 2010, Copper predictiosn 2010, zinc predictiosn 2010, Col Ajay astromoneguu, www.5trades.com, Zee business , zee business, zee business ,bloombergutv, dowes, dowes, nifty astrology, Nifty astrology, Nifty 2010, market astrology,dollar astrology, zee business, Perfect predictions on stocks, predictions on stocks, predictions on stock market, predictions on world stock market, predictiosn on stock market 2010, 10 predictions on stock , Ajay is world fame astrologer living in jaipur , Col Ajay the financial astrologers predicit stock market from Jaipur , Jaipur Famour for astrology ,
market for 2010, auto sectors and 2010, metal and 2010, sugar and 2010,astrology 2010, profit 2010,stock watch for 2010,sharemarket2010, Col Ajay astromoneyguru, predictions on gold , Bullion predictions , silver out look, market out look, nifty out look, futurer market out look, daily market predictions, market astrology, super market astrology, astrology and market, profit astrology, stock market astrology, Nifty astrology, Jones, dowes jones out look, daily free tip, stock market tip, free tip on stock market, market reserch , reserch report on stock market, daily reserch on stock market, reserch on stocks, mutual funds reserch , commodities reserch, majormoney.astromoneyguru, astromoneyguru, ajay, Ajay, col ajay astromoneyguru, Nifty trend, Nifty out look, Daily market out look, Jaipur astrology, Jaipur, Jaipur famous astrologers, perfect forcast on Indian stock narket, BSE Nse stock tip, Nsc , Bse stock tip, Bse and nse future trend , Bse and nse stock intraday tip, Mcx trading tip, Bse and Nse stock reserch, Nse levels, Bse levels, Bullion daily price levels, crude oil price levels,  Will market see down trend in Indian stock market ?,  will you earn in stock market ? Metal stock may give you surprice, US stock market is ready to see down trend now?  Film stars 's astrologers, Col Ajay is celebraity astrologer for stock brokers, commodity delaers, polictical leaders, Do you want to know your  FATE . LOG ON
www.astromoneyguru.com , value notes.com, value notes .com, way2 gain, 3mteam,5trades .com, Money market and astrology, money and astrology, money watch, money guru, stock market analysis, daily Indian share bazar predictions, share bazar daily tip, Free tip on stock market, solar eclipse Jan 2010 and stock market, Solar eclipse may lead stock market 180 degree turn ? Nifty Bhavishwani, market bhavishwani, nifty up and down , market levels, Sensex predictions , Sensex astrology, Sensex levels, Bombay stock exchange , National stock exchange, moneyguru, poweryour trade through astrology, Astro out look on market, Solar eclipse Jan 2010, Longet surya garahan, Market bhavishya,astrology and you, make fortune through stock market,Fortune and money, Nifty out look for 2010, daily nifty out look, Nifty predictions , Nifty levels, Perfect nifty levels, Magic of Nifty, Make through Nifty, singapore Nifty , Nifty predictions , world best nifty predictions , Correct nifty levels ,Nifty predictions, daily predictions on market, stock predictions, share predictions, moneyguru, astro guru, astromoney guru, market guru, money astrology, money matters, money astrology, financial astrology, astro economics, money astrology, profit astrology, lucky day, Luck and stock market, stars and share market, bazar and stars, stars and money, stars can make you reach or poor, money through astrology, Jaipur astrology, astrologer at jaipur, crude oil levels, crude oil astrology, stock market master, nifty master, master of astrology and stock market, Indian stock market master, Bse master, Nifty master, share bazar master, stock market master, master in daily predictions on stock and commodities, master in gold forcast, astro master in stock market, business astrology on stock market, Financil astrology on share and commodities market, commodity online recommendations, weeklely news letter on stock and commodities, Financial astrology on share market and bullion, Financial astrology on stocks, Online financial atrology course,Online teaching , Online astrology teaching, Online astrology teaching, online learn astrology, Learn online astrology, learn online astro lesson , Market guru of stock market, perfect forcast on stock market, Money and astrology, Check your fortune through stock market, fortune in share market, Fortune in share bazar,Fortune and stock market, Fortune and financial astrology, Stock fortune,share fortune ,Gold astrology, silver astrology



Is somebody is doing with you in stock market???
Have you seen what we have given early alret25/27 Jan 2010Sell Nifty, Bank nifty, Sbi, Icici bank22nd Jan 2010Sell sterlite ind , Hindlaco 21st-Jan-2010Sell Vinay cement , ITI20th_jan 2010Keep eyes on Vinay cement, ITI18/19 Jan 2010Keep eyes on Hind copper/ RCF/ NMDC

                                                                 15th Jan 2010

                                                         Keep eyes on Engineers India

                                                             14th Jan -2010

                                Buy Hpcl and short Cairn India

                                                   Sell Gold for today


 

F0r you onlyBiggest movement for Financial astrology live Tv show of Col Ajay 17th oct 09(Diwali) at 5.30pm at cnbc awaz live 16th oct 09 at world largest business channel Bloomberg utv at 10.30am15th Oct 09 (Dhanteras) at Zee business at 5.30pm t0 6.30pmHappy Diwali 2009

One Can Not See In Darkness, But one Can Learn How to navigate in the darkness-       
Lots of technical analysts and astrologers  copy our web site so update between 0945 to 0950am
Beware from Them
Col Ajay astromoneyguru
11th-Jan-2010
Keep eyes on sterlite ind, ranbaxy, Titan ind
07/8th Jan-2010
Keep eyes on Jindal Hotel and sell ...?
Watch Live show on Zee business on 29th Dec 2009 at 7pm

 

on commodities year 2010
Watch col Ajay every day on zee business around 07:48 am to 07:53 am all trading days
Col Ajay also on world largest business channel Bloomberg utvi between 08.02 to 08.06
every trading days on stock and commodities live
29th-sept-2009
Buy Hind Zinc , Biocon and ranbaxy  but book profit when  for subscribers
 On line Financial astrology short course (2 months)
Learn about stock market ups and down movement,bullion and metal energy ups and down
who make profit or loss in trading, lots more. Class on sunday/holidays(online)
Second batch starting soon
Fee Rs 8000
Selection for selected candidates only
 On line Financial astrology short course (2 months)
Learn about stock market ups and down movement,bullion and metal energy ups and down
who make profit or loss in trading, lots more. Class on sunday/holidays(online)
Second batch starting soon
Fee Rs 8000
Selection for selected candidates only
 On line Financial astrology short course (2 months)
Learn about stock market ups and down movement,bullion and metal energy ups and down
who make profit or loss in trading, lots more. Class on sunday/holidays(online)
Second batch starting soon
Fee Rs 8000
Selection for selected candidates only
Daily recommendations from Mrs Karuna
29-sept-2009
 sterlite Ind  looking positive

                       ( Subscribe daily e mail services  on stock market for Mrs Karuna)

                                                  ( 3 months Rs 4000, Half yearly Rs 7000 Yearly Rs 12000)

                                                                send mail at jain.karuna@yahoo.com

Col Ajay astromoneyguru, astromoneyguru.com,www.astromoneyguru.com,astromoneyguru.com,astromoneyguru.com,astromoneyguru.com,col ajay,Ajay astromoneyguru,ajay astro,astromoneyguru, Zee business astromoneyguru,bloombergutv ajay astromoneyguru, share bazar, financial astrology, share bazar astrology, gold astrology, bullion, bullion, bullion predictions, gold predictions, silver levels,crude oil out look, market out look.

                                                                                    

 

  

Check  secret of big profit of

 JP MORGAN AND WD GANN( BIGGEST COMMODITIES DEALER)

 J. P. Morgan who said, "Millionaires don't use astrology; billionaires do!"

Financial astrology, one of the most fascinating branches of astrology, has been around for centuries. Traders in grains and precious metals in ancient

Indiaused it to set buy and sell times in the markets. Aristotle recorded the story of Thales of Miletus (699-635 BC), who used his knowledge of heavenly cycles to predict a bumper olive crop, and turned a handsome profit on the rental of olive presses.

Financial astrology has been been used in modern times as well. Walt Disney used astrology to pick the best times for launching his multi-million-dollar entertainment projects. The legendary stock and commodities trader W. D. Gann put astrological principles to work when he made astonishingly accurate market forecasts months, and sometimes years, in advance. Billionaire J. P. Morgan consulted with astrologer Evangeline Adams in timing some of his most important business and investment moves.

Adamsnoted that "J. Pierpont Morgan, the world's biggest financier, drove the world before him because he had astrology behind him." In fact, it was J. P. Morgan who said, "Millionaires don't use astrology; billionaires do!".  Today world top stock and commodities dealers and brokerage houses are taking astrology as their tools

Today, astrology is becoming an accepted method of market analysis, along with fundamental analysis and technical analysis. More and more investors are making financial astrology a part of their trading resources. It provides them with an edge that can make all the difference in their investment returns.

Why does financial astrology work? Is is partly due to the fact that planetary forces exert their influences on the collective mind of investors, which in turn causes the market to go up or down. The phases of the moon in particular seems to have a powerful effect on mass mood, as many police officers and mental health professionals have reported. It's an old trading adage that the market often reverses trend on the days before or following a full moon.

Another reason why financial astrology works is that it is a study of cycles. For years, financial analysts have recognized that business and commerce regularly go through predictable cycles. For example, the Jupiter-Saturn cycle of 19.86 years coincides with the change of market emphasis about every 20 years. The Jupiter-Uranus cycle, which lasts 13.81 years, has been correlated with a changes of methodologies employed by market analysts and investors. The Saturn-Uranus cycle
Us stock market predictions, Dollar astrology, financial astrology, stock market astrology, share bazar astrology, bullion predictions,Gold predictions,silver predictiosn, bullion astrology, US stock market advance movement,Financial astrology, Col Ajay financial astrologer

 

 


India bought 200 tonnes of gold from IMF
MUMBAI  Gold prices in the Indian bullion market zoomed on Tuesday on the big news that the International Monetary Fund (IMF) has sold 200 tonnes of gold to the Reserve Bank of India (RBI) for $US6.7 billion.

Why did India buy the IMF gold? Does India want to catch up with China in mopping up gold reserves by buying the IMF gold?

In April this year, IMF decided to sell 403.3 tons of gold as part of a plan to shore up its finances and lend at reduced rates to low- income countries. In the last few months, there have been reports that China and India could be the suitors to purchase the IMF gold. Now, India has jumped into the fray by buying almost half of the IMF gold at about $1,045 an ounce.

Dubai-based bullion analyst Mark Robison says everyone expected China to buy the IMF gold in the first phase. “It is a surprise that India has jumped in the first place to purchase the IMF gold. India is the largest marketplace for gold in the world. I think by buying IMF gold, India has shown increased interest in diversifying out of US assets as the dollar loses value against other currencies,” Robison told Commodity Online.

China is the world’s biggest gold producer. In April, China increased reserves of gold by 76 percent to 1,054 tons since 2003.

In fact, IMF has kick-started the gold selling plan by selling the first tranche of the yellow metal to India, the largest consumer of gold in the world. The gold sales were conducted daily over a two-week period from Oct. 19-30, to "give some protection to short-term fluctuations in the market".

The sale is part of an agreement struck in September among IMF member countries to sell 403.3 tonnes of the fund's gold stocks to diversify its sources of income and to increase low-cost lending to poor countries.

"I strongly welcome this transaction with the Reserve Bank of India," the IMF's managing director, Dominique Strauss-Kahn, said in a statement.

"This transaction is an important step toward achieving the objectives of the IMF's limited gold sales programme, which are to help put the fund's finances on a sound long-term footing and enable us to step up much-needed concessional lending to the poorest countries"

India's RBI paid on average about $US1,045 ($NZ1481) an ounce for the gold and the transaction would be paid in hard currency and not in IMF Special Drawing Rights, the IMF's internal unit of account.

On Tuesday, gold prices advanced near another record in Asian trade mainly on reports of IMF’s 200 metric tone gold sale to India. Spot gold was seen trading at $1,064.99 an ounce at 11:15 a.m. in Singapore while December-delivery gold was at $1,065.50 an ounce on the New York Mercantile Exchange’s Comex division.

IMF has declined to say whether other central banks have expressed interest in buying the remaining 203.3 tonnes of gold on tap for sale. He said if no other central banks came forward, the IMF would proceed as planned to sell the gold in the market.

But bullion analysts in India said the country’s decision to buy the IMF gold is a plan from the RBI to shore up its bullion reserves. "India is keen to acquire more gold reserves after news came out that China is frantically trying to shore up its gold reserves. Also, falling rupee value must have prompted the RBI to buy the IMF gold," said Sukhdev Sharma, a Mumbai-based bullion analyst.

On the IMF gold sale to India, IMF Managing Director Dominique Strauss- Kahn said.“This transaction is an important step toward achieving the objectives of the IMF’s limited gold sales program, which are to help put the fund’s finances on a sound long-term footing and enable us to step up much-needed concession lending to the poorest countries.”

Copyright this business.  Mrs Karuna Jain

Web Hosting by Yahoo!

 

Banarasi Dass Bhawan shop nos 344-345 choura rasta
Jaipur, Rajasthan 302003

ph: 01412568292
alt: 09414056705