CIA Director doubtful about Taliban-Afghanistan reconciliation

CIA Director doubtful about Taliban-Afghanistan reconciliationDoubts has been expressed by CIA Director Leon Panetta whether the Taliban or other insurgent groups will give up their al-Qaida allegiance to reconcile with Afghan's government.

Panetta said on Sunday on ABC's "This Week", "We have seen no evidence that they are truly interested in reconciliation, where they would surrender their arms, where they would denounce al-Qaida, where they would really try to become part of that society."

Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude oil ended positive as odds increased that an Atlantic storm would form and head

Obama slammed by McCain over troops’ withdrawal from Afghanistan

Obama slammed by McCain over troops’ withdrawal from AfghanistanIt has been reported that U. S. Sen. John McCain on Sunday sharply questioned President Barack Obama's decision to start withdrawing troops from Afghanistan by July 2011.

McCain, R-Ariz., said on NBC's "Meet the Press", "I'm against a timetable. In wars you declare when you're leaving after you've succeeded."

No military adviser recommended Obama set the date for the start of the drawdown.

Commodity Outlook for Silver by KediaCommodity

SilverSilver rose with gold and also got help from a rally in copper prices since the gray metal is more widely used in industry than gold. Silver ended the week at 29804, which is also down small from last week’s 29913. Silver made a high this week to 30118. The 2010 high of 30163 remains a near term target for long Silver positions. The Gold-Silver ratio closed the week at 65.81 which is slightly higher than last Friday’s 65.55. Now support for the silver is seen at 29747 and below could see a test of 29691. Resistance is now likely to be seen at 29867, a move above could see prices testing 29931.

Trading Ideas:

Silver trading range is 29519-30017.

Constitution of Kyrgyzstan approved by voters

Constitution of Kyrgyzstan approved by votersOfficials have revealed that voters in violence-wracked Kyrgyzstan Sunday approved a new constitution limiting presidential power and creating a parliamentary republic.

Radio Free Europe has reported that about two-thirds of voters turned out with no apparent violence two weeks after ethnic clashes killed at least 278 people in southern Kyrgyzstan and forced another estimated 400,000 people, mostly ethnic Uzbeks, from their homes in the region.

Commodity Outlook for Gold by KediaCommodity

GoldGold concluded the week at 18814 which is down marginally from last week’s 18849.

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