Oil can bounce back to $100 a barrel in a year: Pickens

NEW YORK (Reuters) - Oil tycoon T. Boone Pickens said on Wednesday that crude prices may be near bottom and could bounce back to near $100 a barrel a year from now.
Pickens, in an interview with CNBC, also said his hedge fund was down $2 billion since July and that he had taken the money [...]

Gold falls 20% in last month!!

Gold was about $973 per ounce (  that is Rs:14,700 per 10 grams) on 21st July 2008 and currently it is  $793 per ounce!! That is Rs: 12,032/- per 10 grams! So a fall of about Rs:2,700 in just one month!! That is about 20% down in just a month! See the graph to realise the way [...]

India’s first Oil based Mutual Fund will be launched soon…

One more option has been added by the Mutual Fund Houses to the huge pool of types of funds, and this will add to the confusion while selecting the funds. We already have funds based on various sectors - real estate, infrastructure, energy, FMCG, technology…bla bla.. and one more has been added now - OIL! [...]

Rupee Vs. Dollar..things are changing now!

     You have heard everywhere US Dollar is depreciating and Indian Rupee is appreciating. Well this was true till now (i.e. March 2008). Things may get exactly opposite from now. You have seen rupee getting stronger and stronger from 45 to 43 and now to the levels of 40! But after this rupee is seen [...]

The price of Oil - affecting factors and it’s future.

             Why has the price of oil jumped five-fold in the past five years? And why has the global economy done so well despite this rise? The answers to both questions are related. The price of oil rose, in large part, due to the strength of the global [...]

January’s Collapse of Indian Markets - My views.

           SENSEX of The Bombay Stock Exchange (BSE) fell horribly from 21000 levels to 15000! - fall of 28% in less than 5days! This was a nightmare for every investor and many Mutual Fund Houses. NIFTY also fell from 6000+ levels to 5000 mark - fall of around 25%, and the markets are still recovering.
           The [...]

US Federal Reserve very likely to cut interest rates on tuesday

          The U.S Federal Reserve ( hereby ‘FED’ ) is very strong on cutting the interest rates on comming tuesday i.e 11th Dec. These rates strongly affect the inflows of US money into Indian Economy. Almost 20% of investment in SENSEX is from the FII’s and the decision the FED is going to make in next [...]