Over 119 Killed and 300 Injured As Terrorist Attack Rocks Mumbai.
Relationship Between Dollar, Gold and Oil Price
The statements in the article ought not to be taken in its absoluteness because in short term there is no any clear cut cause and effect relation which makes it almost impossible to state what happens to gold price when dollar down erodes.
A: Long term trend analysis shows negative correlation between gold prices and the value of dollar but gold price does not increase proportionately to the diminishing dollar. Market is not so simple that every down-day for the dollar corresponds to an up-day for gold and every up-day for dollar correspond to down day for gold.
B: The effect may not be immediate and the lagging can sometime be attributed to the information gap and time lag which an individual wastes in doldrums not being able how to react to the changes. Daily and weekly fluctuations are not important at all as they don’t give analyst any idea of clear cut trend and interrelationship between them.
Inflationary 1970’s saw soaring of gold above $800 while dollar fell. Dollar bounced back in 1980 and rallied before peaking in 1985, while concurrently gold peaked in 1980 and dropped all the way down to $300 during the same 5 years that dollar rallied. Even in the present time with the up climbing dollar the price of the yellow metal is slowly diving down while it was at the highest when the dollar was to its lowest.
Oil has recently been used as a political tool as the fossil fuel demand is ever increasing and the developed nations cannot make without it. The developed economies are heavily dependent on fossil fuel whose reserve is limited and under the control of few Arabian and African nations. Sometime before the news of Oil and Petroleum exporting Countries (OPEC) slashing the supply in order to create high demand and thus result in high price was making the rounds of news. Moscow had cut the oil pipeline to Belarus during their conflict. This liquid, being a factor of immense importance, people seek to know the price fluctuation of it with dollar and yellow metal.
With the lowering dollar, both price of gold and crude oil are slated to rise. With the rising demand of emerging economies like China and India, the demand of crude oil does'nt seem to decrease anytime soon. This causes the price of crude to rise. With high oil price, price of commodities and cost of living increases due to inflation. Inflation causes excess flow of dollars in the market. High availability of dollar means its value gradually diminishes. At this point of time people tend to favor the yellow metal to paper currency.
President Yadav has the "Cool" he needs to keep
What happens when a medical doctor becomes a politician? And then the President of one of the poorest countries in the world?
You get a 'cool' leader who knows the seriousness of turbulent times.
When everyone else in Nepal is looking for expanded role and more power, Dr. Ram Baran Yadav is doing his best to keep the unity and integrity of the nation. When asked if he thought he needed more space, he said," It is not me who will decide this issue, the constitution does it."
Read his interview here.
When media men try to aggravate him to get something that "sells", he knows how to keep things in. I am not sure if Mr Prime Minister briefed him after his numerous foreign visits.However Mr Yadav clearly said that he is being briefed regularly.
When his deputy Mr Jha is continuously in the controversy, Mr Yadav has made himself a truly wise leader of the country in need.
Time has proved that UML did not make a mistake lobbying with NC in electing this man of honor as the first ever elected President of Nepal.
Bad news, in spite of all this, is that Mr Yadav has come to realize that his Medical Profession was far more....respectful than politics.
Doctors are far more respected [in the society] than those involved in politics," he said speaking at an annual function of Dhulikhel Hospital Friday. "If I had known before that it [politics] will be like this then perhaps I would have continued to work as a doctor." Yet not forgetting his responsibility of uniting the nation he went on to add,"No matter where we live, what religion we follow and whatever caste and community we may belong to, at the end we are all Nepalese."
When will Jhas,Koiralas,Dahals,Nepals,Khanals,Khapangis,Yadavs of Foreign Minister Upendra's like and etc etc learn from this "Extra Cool" guy?
I say lets get more doctors into politics. Who knows?
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