Superoceon-An All New Maritime Watch

Breitling created history in 1957 with the launch of its Superocean maritime watch, made especially for professional and military divers.  The latest version of Superocean has been launched, the watch is believed to be worthy of its five-decade old history.

This version is known to be more youthful, modern and extremely dynamic since there is no compromises on the technical qualities while the makeover is stunning to the naked eye as well. The bezel is rubber molded, enlivened by sloping numerals and a fluted pattern. The strikingly distinctive dial tells a tale of the vigorous geometrical motifs with applied hour-markers and numerals standing out clearly against a matt black base. The edition is water resistant to 1,500 meters (5,000 ft) to the ultra sturdy construction of its case, a screw-locked crown and an extremely sophisticated gasket system.

The watch is powered by a self-winding chronometer-certified movement and is available in a broad spectrum of colors — blue, yellow, red, silver and black — to adorn the beveled inner bezel ring surrounding the Abyss black dial.

The case is fitted with tangential reinforcements to protect the crown from the hazards involved in underwater adventures. It is also equipped with a safety valve at 10 o‘clock, which serves to balance out the differences in the internal and external pressure of the watch. As soon as internal overpressure reaches about 3 bars, this valve automatically releases the helium stored up after time spent at great depths, thus preventing the case from exploding.


The latest Breitling Superocean collection is available at all Ethos SUMMIT a store across India, prices accurately ranges between Rs. 140,924 to 161,559.

SONA SWISS celebrates Raksha Bandhan with unique golden rakhi of 24K GOLF LEAF FLOWER

~Priced at an affordable range of Rs 100/- to Rs 700/- are available in different sizes~

Mumbai, July 29th 2009: The festival of Raksha Bandhan holds immense significance in India and the custom of celebrating the festival with sacred thread of protection embellished with the love and affection of a sister for her brother. Rakhi strengthens the bond of love between brothers and sisters. To reinforce the bond, SONA SWISS has specially designed and crafted Rakhi made of 24K Gold Leaf Flower. Sona Swiss 24K Gold Leaf Rakhis are affordably priced in the range of Rs 150/- to 700/-.

SONA SWISS 24k gold flower collection which includes 24k gold rose, 24k gold carnation, 24k flower bouquet for a stunning centre piece. Sona Swiss has introduced whole new range of 24k gold flower hair accessories and 24k Brooch.

SONA SWISS products are handcrafted & have been specially created using traditional goldsmith's skill combined with the latest patented 3D Art Technology. All Sona Swiss products are made of pure 24 carat Gold leaf with a purity of 999.9 in thousand. They have also been independently certified for their gold purity by the Assay offices in London and New York. All the gold products come with a certification from Taiwan, USA, etc our gold foil products are patented for designing and manufacturing. All gold materials are of high purity imported from Switzerland.

For further information and business related queries please call:-
Priyanka Gole
Sona Swiss Gems Pvt. Ltd.
Unit no. 16, 6th Floor, A.C market, Tardeo, Mumbai 400034, India Tel/ Fax: +91 22 40047765, Web: http://www.sonaswiss.com/ Email: sona.swiss@gmail.com
Cell phone - 9987199047

Metal Weekly-Karvy Comtrade

BULLION

Bullion prices gained last week amidst a plethora of weak economic numbers, plunging global stocks and a slowing world economy. The appeal of the yellow metal as a safe haven drove its prices to an eleven month high of $1007.70 levels per troy ounce which is the highest since March 18, 2008. Silver also gained, tracking gold, with prices ending the week at $14.49 a troy ounce, up by 6.35%. The financial crisis has resulted in a recession in most of the developed nations with some investors buying gold due to fears that government measures are insufficient to bring the economy out of recession, while others buying the metal on speculation that money injection will fuel inflation. The Japanese economy shrank by 3.3% Q/Q, further deepening into a recession. The finance ministers of the G-7 (Group of Seven) countries held a meeting in Rome on Sunday, stating that a "severe" economic downturn will persist for most of 2009. The economic data provided credence to the above statement as the numbers reported a further decline. Economic data continued to worsen as Housing Starts dropped to its all time low of 4,66,000 units. Building Permits, which is a gauge of future housing activity, also fell by 5,21,000 units while industrial production fell by 1.8% in January, which is the lowest level in five years. In addition, the US Empire Manufacturing and the Philadelphia Federal Index also contracted sharply, proving fatal for the economy. The Fed revised its 2009 outlook and stated that the economy will contract between 0.5% and 1.3%. It also set its inflation target of 2%, while the unemployment rate is projected to rise between 8.5 and 8.8%.

Bullion prices are bound to gain in turbulent times as asset classes like equities and currencies continue to erode value. Investments in SPDR gold funds climbed to a record-high last week and are just shy of 1,040 tonnes, held by Switzerland, which is the sixth-largest stockpile. The holding stood at an astounding 1,029 tonnes. According to the London-based World Gold Council, investment demand for bullion, including coins and bars, almost tripled to 399 tons in the fourth quarter, as total demand climbed 26 percent to 1,036.5 tonnes. Investment in Barclays Plc’s IShares Silver Trust, the biggest ETF backed by silver, also rose to a record last week, topping 7,892.2 metric tons.

The most active COMEX Gold April futures contract surged by 6.37% and closed at $1002 a troy ounce. This week, the GDP and housing data along with Euro-zone industrial new orders and unemployment will be crucial to watch out for. Expected downturn in the US economic growth rate is likely to result in firm movement in bullion prices. Moreover, investments into
Technical view: XAU- SPOT GOLD
Spot gold rose sharply in the last week, witnessing more than 5.64 per cent from the previous weeks close and settled the week at $992.45 levels. Market also witnessed a high of $1005.40 levels. Market has been moving higher for the past two consecutive weeks as the short term as well as medium term moving averages are trading below the price levels. Technically, market is moving in a rising trend channel and shown a higher break out signaling prices to move further up in the coming sessions. Likewise, the momentum indicator RSI-14, weekly, is supporting the trend as it is currently treading at 0.65 levels. The momentum indicator has still potential to move further up and may enter into overbought territory.


However, in the daily price chart, the RSI-14 is treading at 0.72 levels, which shows, after an upward movement, market may set for a correction. Market is moving above the 76.4% retracement of the previous correction (from $1030.80 to $680.80), signifying auxiliary upwards move. Taking Elliot principles into consideration, the current trend which has resumed from $680.80 is the 5th impulse wave which is likely to move beyond previous top ($1030.80, or top of wave-3). On break of the same it may advance to $1060-1080 levels. However, for the week, we may expect market moving up to $1007.10 and breach of the same it may test $1030.80 levels. Likewise, on the lower side the supports are at $975 and then $960 levels. If market sustains above $975-960 range, then we may see prices to remain on higher levels for the week ahead.

Knowing Gold Price Seasonality-Karvy Comtrade

The yellow metal gold has seen a phenomenal rise in both 2008 and 2009. Last year we saw active gold future prices touching historical highs of $1033.90 a troy ounce backed by the depreciating dollar, leading to an increased appeal of the gold as alternate asset class. From thereon, gold prices fell to $681 levels as dollar appreciated on back of financial and economic uncertainty and cash liquidity got squeezed in the market. In the current year, prices seem to be back on bull track as they surge by 8.8% in a span of 48 days.

Demand for gold is broadly classified into jewelry fabrication, industrial application, government and central banks, and private investors. The demand is generally concentrated in the Indian subcontinent, Turkey, and the Middle Eastern nations. Over 50% of the demand comes from the jewelry sector while industrial & dental and investment contribute to the rest. In Q308, jewelry demand constituted 58% of the total gold demand, while the remaining two categories had a share of 9% and 33%, respectively. Investment demand is other major source of demand which is more during period of uncertainty.

Although prices have increased by 8.8% on COMEX, domestic market have witnessed an increase of 11.44% as rupee depreciated by 1.52% and demand during festive season picks up. For instance, when gold reached $1033.90 levels on March 17, 2008, MCX gold prices made a high of Rs.13397 per 10 grams, while now when gold prices on COMEX are at $962.70 levels; MCX gold prices are seen quoting at Rs.15200 levels. Commodity prices in the long term generally tend move in particular trend which is observed or analyzed in order to obtain likelihood of the same. The seasonality index in this regard helps one determine and identify the periodicity of the price action. Nevertheless as truly said by William I. Tierney, Jr., Mark L. Waller and Stephen H. Amosson "Seasonals are based on past prices and may merely reflect random effects rather than any true predisposition in market performance. Also, even if seasonal patterns are well founded and appear to be statistically reliable, seasonal effects can be over-whelmed by changing fundamental (and even technical) factors."

If seen historically, gold demand during October-March is high when compared to other months, as India, the world’s largest consumer of gold; goes through the festive and marriage seasons. Demand for gold is especially more during this period as gold is regarded as an eternal
beauty by Indians. Given below is the chart showing seasonal pattern in gold prices for the period during 2002-2008.

Prices of gold started rising from the month of September, took a dip between December and January and rose again until March. Between March and September, prices have been usually on the lower side.