Jitendra Kumar Gupta's blog

http://www.business-standard.com/india/news/%5Cfii-inflow-will-be-lower-than-in-%5C09%5C/383024/

http://www.business-standard.com/india/news/the-psu-opportunity/382889/

If you look at the price trend, we will find that in the later stage the sugar stocks are not responding to every Rupee rise in sugar prices. Why? Simply, these prices are not sustainable and most of the positives are already there in the stocks prices. With sugar prices scaling new highs, it is apparent that the prospects of producing companies have only turned sweeter. Domestic wholesale sugar prices in Delhi reached a historic high of Rs 44.50 a kg yesterday. Over the past month, these have gone up by 19.2 per cent; over a year, they are up by 91 per cent. The trend is not surprising, given that two of the world’s largest producers (India and Brazil) have reported a sharp drop in output. The global deficit for the sugar season (October 2009 to September 2010) is estimated to be 8.45 million tonnes. In India, estimates suggest the deficit for the season will be about 7-7.5 million tonnes. Notably, the global sugar inventory to consumption ratio, at around 33-35 per cent (or

The only near-term factor in support of the US dollar is the fact that bearish sentiment is widespread, and that other paper currencies are also subject to their central banks’ printing machines, which on renewed economic weakness would also go into overdrive. As a result, my favourite currency remains gold, whose supply is extremely limited. In fact, I am wondering if gold, which is now at around $1,100 per ounce, is less expensive than when it sold for less than $300 per ounce. How could this be? I suppose that, in the same way that a company’s stock could be less expensive at $100 than when it was selling for $10, because earnings growth has outpaced the appreciation of the shares and therefore its P/E has declined, gold could be cheaper at the current price than when it was at less than $300 because of the explosion of foreign exchange reserves in the world, zero interest rates, the huge debt overhang, and the expectation of further money printing. International reserves have grown