Experts believe the silver is a viable investment option

Note: This section contains information in English only.
Source: Commodityonline

Currently the commodity market provides an advantage to traders as price for precious metal declines but the metals are likely to appreciate in the nearest future, said James West, advisor of the Midas Letter Opportunity Fund. He expects the silver price to become about one-sixteenth of the gold one. The silver is likely to outperform the gold in the following year, according to Eric Sprott.

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Fri, 30 Dec 2011 12:36:46 GMT

Indian vote on the anti-corruption bill is postponed

India's parliament has delayed the vote on the anti-corruption Lockpal bill on the strong opposition. The debates lasted till midnight of the local time with the opposition claiming the PM has to resign as the government does not comply with regulation. The government said it respects constitution and blamed the opposition in failure to pass the law. The bill will be revised and discussed

Fri, 30 Dec 2011 15:30:24 GMT

Euro moves toward its first yearly nonstop drop since 2001

17-nation currency depreciated 0.2% against US Dollar reaching $1.2937on London morning trade, escalating current year's drop to 3.3%. The euro is moving towards its first continuous fall since 2001 amid growing concerns about Europe's ability to tame debt crisis. The Euro Zone probably is in a slight recession already, suggests Michael Turner, a currency strategist at Royal Bank of Canada. EUR/USD currently trades at $1.2917. 

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