Saturday, February 23, 2013

Gold Price Falls Into 'Death Cross' Signaling It Has Further To Fall

Gold is about to lose even more value than it’s lost in the last four months. At least that’s the strong indication from how its price, in New York trading, is moving right now. As of Wednesday the 20th February, the metal's 50-day moving average has fallen below its 200-day moving average. Technical analysts call that a “death cross” because historically it signals an acceleration of price declines. Further, a death cross marks a new technical ceiling that the price of gold will bump into, so to speak, once it finally reverses direction and starts to rise. On Oct. 5 bullion closed at $1,800.60 per troy ounce; on Friday it closed at $1,609.50, a low not seen since mid-August. On Tuesday the price closed at $1,604.20. On Wednesday it had fallen to $1,592.10. In other words, the price of gold has lost more than 11 percent in the last four months. Analysts point to the Federal Reserve as part of the reason for gold’s death cross. “Bullion may face further pressure should the Fed reinforce their earlier statement towards quantitative easing, in our view,” James Steel of HSBC said late Tuesday. “We see gold as likely to face further near-term pressure until physical bullion buying from Asia improves."

Tuesday, February 19, 2013

Now, Maulana Mahmood Madani backs Modi: More worry for Congress?

New Delhi, Feb 18: Who said the name Narendra Modi only ignites anti-Muslim sentiments? Maulana Mahmood Madani, general secretary of Jamiat Ulama-i-Hind recently said that the outlook of the Muslims in Gujarat towards the state's chief minister was changing and several Muslims had voted for him in the last assembly elections. "In Gujarat, Jamiat workers on the ground have told me that in several assembly segments, Muslims voted for Modi. There is a perceptible change and circumstances are different now... Muslims in Gujarat are economically better off than in several states which have so-called secular governments in power," Madani told a news channel. The BJP came up with a good performance in the Muslim-dominated areas in the recent civic polls in the state. The party particularly boasted its result in Salaya, an area comprising 90% Muslim population but where the Congress could not win a single seat. In fact, all 24 minority candidates whom the BJP fielded in the municipal poll had won. The party also snatched 10 seats from the Congress and bagged 47 out of 75 seats. Madani said Modi was no longer an 'untouchable' man for the Muslims, adding that the condition of the Muslims in states like Maharashtra and West Bengal, which are claimed to be run by secular governments is appalling. He also said that Muslims in Bihar were voting in favour of the BJP which is in alliance with the secular JD(U). Madani's comment is significant for it was he who had played a key role in ousting Ghulam Mohammed Vastanvi, the rector of Dar-ul-Uloom, Deoband, a couple of years earlier for his pro-Modi remark. Madani's remark will undoubtedly boost the saffron brigade to go ahead to declare Modi as its prime ministerial candidate. Though other Muslim organisations like the All India Muslim Personal Law Board (AIMPLB) have slammed Madani for his praising Modi, the BJP leadership felt that Madani's remark was realistic. AIMPLB leader Maulana Khalid Rashid Firangi Mahli said the 2002 Gujarat progrom could not be ignored and there was no question of supporting Modi. He was referring to talks that Modi might contest the next Lok Sabha election from UP. Majority-minority debate will continue but what is significant is that it is the question of development which is gaining prominence over Hindutva. A section of the BJP leaders and the RSS have been seen chalking out a route for the revival of the Hindutva agenda, particularly after Union Home Minister Sushilkumar Shinde's 'Hindu terror' remark. The ongoing Mahakumbh in Allahabad was also brought under the ambit of saffron politics but despite all this, it has been proved that Modi's development model has indeed made the difference. Madani's comment will raise concern for the Congress for although the latter has emphasised on 'soft communalism' to counter 'hard communalism', it is yet to find an answer to the development model. The Congress leadership will be precisely perturbed by Madani's words for minority vote-bank is its biggest weapon in the prestige battle against Modi. Moreover, the Jamiat Ulama-i-Hind had openly campaigned for the Congress during the Uttar Pradesh assembly election last year. This fresh stance of Madani's outfit is bound to raise many eyebrows in the Congress. Sadhus, students and now minorities. Narendra Modi's appeal is covering more ground with each passing day. Can the Congress find an answer to the Blitzkrieg? And why not BJP announcing the Gujarat CM as its PM candidate straightaway? The drama is getting intense before the next big polls.Reports Oneindia
Jamiat leader's pro-Narendra Modi remarks rile Congress, Left TNN | Feb 19, 2013
NEW DELHI: The Congress and the Left Front came in for some uncomfortable criticism by Jamiat Ulema-i-Hind general secretary Maulana Mahmood Madani who, in an interview to a private TV channel, said a section of Muslims have voted for Narendra Modi and the BJP in Gujarat. "In Gujarat, Jamiat workers on the ground have told me that in several assembly segments, Muslims voted for Modi. There is a perceptible change and circumstances are different now," said Madani to the channel. Madani said, "Some Muslims have indeed voted for Modi primarily for two reasons — fear and that the alternative is not good enough either." While the BJP was quick to embrace Madanis remarks, Congress dismissed them saying it may be his personal opinion and that not all Muslims subscribe to that view. "Muslims in Gujarat are economically better off than in several states which have so-called secular governments in power. More innocent Muslims are in the prisons of Maharashtra than in Gujarat. The human rights record of several states with secular governments in power is deplorable and the economic situation of Muslims in West Bengal is shocking. These states don't have a Modi at the helm. We cannot ignore this ground reality," Madani told the channel. About development in Gujarat, Madani said, "There cannot be development without justice. The culprits in 2002 riot victims must be punished." The Jamiat leader added, "The problem is if anybody talks about the woes of Muslims in UP, Maharashtra, Rajasthan or West Bengal, it is construed as favouring BJP. That is a flawed perception." CPM polit bureau member Sitaram Yechury cited historical reasons, including Partition and Bangladesh liberation war of 1971, for the condition of Muslims in Bengal. "The Left Front government in Bengal had recognized the problems of Muslim empowerment long before the Sachar Committee and had begun addressing them. We were the first to suggest a sub-plan for Muslims in the Planning Commission," he said. BJP, however, welcomed the praise for Modi from unexpected quarters saying the comments of Madani showed everybody is reconciling to the fact he is an able administrator. "He (Madani) has spoken positively about the status of the minorities in Gujarat and has also praised Modi's style of functioning. BJP welcomes Madani's statement," party spokesperson Rajiv Pratap Rudy said, while replying to a question on Madani's claim that there is a change in the way Muslims looked at the BJP government in Gujarat and Modi. He said now even the minorities are realizing Modi's good work. "Everybody is reconciling to the fact that Modi is a good leader and an able administrator. This is welcome and this message should be taken to the minorities in the country," he added.rEPORTS TIMES OF INDIA

Thursday, February 14, 2013

Why this Muslim-majority town in Gujarat voted for Modi's BJP

All Psudo Secular Politician and Media Must Watch

A.P.Abdullakutty M.P shown the courage in telling the truth way back in 2009
CPM MP A P Abdullakutty suspended for praising Narendra Modi
Saturday, January 17, 2009
CPM MP A P Abdullakutty suspended for praising Narendra Modi
Breaking News! A day after he praised Gujarat Chief Minister Narendra Modi for adopting a perfect development model to woo investors to his state, CPM MP from Kannur, A P Abdullakutty, was suspended from the party for one year. According to the CPM sources, the decision to suspend Abdullakutty, was taken in order to maintain discipline in the party. Abdullakutty, a two-time MP from Kannur, defended his statement, saying he did nothing wrong by praising a Chief Minister, who put his state on the path of high growth and development. Abdullakutty also said he intended to trigger a positive debate on development irrespective of party politics.

Tuesday, February 12, 2013

Modi sweep: Muslim majority town elects all BJP candidates

Tuesday, February 12, 2013, Ahmedabad, Feb 12: It was a straight fight and the BJP created history by winning all 27 seats of town municipality in Salaya, a Muslim-majority town in Dwarka district. Salaya is know for its mega power project and now it will be known for giving Gujarat Chief Minister Narendra Modi another triumph in the development agenda. Among BJP's 27 candidates, 24 were Muslims while remaining three were Hindus including one Scheduled Tribe (ST) candidate. The BJP's sweep in a township comprising 90 percent Muslims will take wind of many psedo-secular elements. Of the 27 seats spread over nine wards, BJP candidates won unopposed on four seats in state municipal elections. Voting for remaining 23 seats took place on Sunday (10th February) with Congress in straight fight with BJP. The Congress party candidates even lost deposit on three seats. Salaya has been enjoying fruits of development with Essar Energy's integrated energyc company establishing a power unit to generate 1200 mw. Salaya I is Essar Energy's first coal fired power project and has been built at a total investment cost of US$1.1 billion. Most of the power produced will be sold to the Gujarat state electricity utility, GUVNL, under a long term contract. When all the units are commissioned, the project is expected to generate nearly 2000 mw power. Salaya will also be getting a world-class marine infrastructure project with a state-of-the-art material handling facility. The bulk handling port will be capable of handling 20 MMTPA of cargo. The jetty is located in the Salaya Harbour, which is naturally protected by two islands - Kalubhar Tapu and Dhani Be. Essar has been conducting various projects under its social development initiative in Salaya. To empower the local women, Essar Foundation runs a stitching centre in Salaya. The Foundation is supporting the stitching center by providing skills and creating new business opportunities. This will also provide the associated families with an alternative source of income, by establishing market linkages. The stitching center at Salaya initially started as a small community program by the local Wagher Muslim Community Jamat, with the idea to provide skill development to the women without them having to leave their houses. The center is also imparting the women several life skills such as basic literacy, personality development, accounts and business entrepreneurship. News credits : Oneindia
The Modi Magic