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Silver rose along with gold prices. Bargain hunting and short covering boosted the metals. Silver gained ground this week to close back above the 28800 price point, though the metal remains a 10-week range trade between 28000 and 30200. The relative outperformance in silver did nothing to violate the uptrend support in the gold/silver ratio. Daily support for the ratio now holds at 66.35 and looks set to pressure longer term gold outperformance. Now support for the silver is seen at 28860 and below could see a test of 28821. Resistance is now likely to be seen at 28929, a move above could see prices testing 28959.

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Ace Bollywood actor Dharmendra has announced that he wanted to say bye to his political career.

The actor said, "I came into politics, it felt that I almost choked myself and felt I was emotionally dragged into this. I never wanted to."

"The day I said yes I banged my head into the mirror and thought why I said yes," he added.

Dharmendra, who is the father of Sunny & Bobby Deol, was a member of the 14th Lok Sabha from 2004 to 2009 on a Bharatiya Janata Party (BJP) ticket.

Gold ended positive as investors repurchased previously sold positions seeking to capitalize on the metal's recent pullback to what some saw as bargain levels. Gold registered another down week, but only by a slim margin. With a doji on the weekly candlestick, the market may have now finished testing the downside in gold, suggesting that 18250 will continue to hold strong support on a weekly closing basis. Weekly support looks to take at 18000, should continue to keep the upwards pressure on the metal well entrenched. Now support for the gold MCX is seen at 18402 and below could see a test of 18389. Resistance is now likely to be seen at 18423, a move above could see prices testing 18431.

fficial reports have revealed that Johannes Mehserle, the police
officer convicted of manslaughter for shooting a young unarmed man in
Oakland, Calif., has released a letter of apology.

The San Francisco Chronicle has reported that Michael Rains, Mehserle's
lawyer, said Friday his client wrote the letter while the jury was
deliberating. Jurors decided on a verdict of involuntary manslaughter
late Thursday.

Oscar Grant III died after Mehserle, then a police officer with Bay Area
Rapid Transit, shot him in the back as he lay on the platform of a

Officials have said that an aid ship that had been bound for Gaza bowed to Israeli pressure Saturday and diverted course to head for Egypt.

The BBC has reported that the Moldovan-flagged ship, chartered by a charity run by the son of Libyan leader Moammar Gadhafi, left the Greek port of Lavrio on Saturday.

It has been reported that bus drivers in Detroit staged an apparent sickout on Saturday, possibly because the city did not allow city buses to be used in a driver's funeral procession.

The Detroit News has reported that Lovevette Williams, head of the Detroit Department of Transportation, said so many drivers failed to report for work that service was cut by about half. In a news conference at the Rosa Parks Conference Center, she said some riders might have to wait 90 minutes for a bus.

The union had not announced any job action, and the DDOT was taken by surprise when drivers started calling in sick at 4:30 a. m. Williams said she had not talked to union officials.