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It has been informed by officials that European airlines grounded for a fourth day by ash from a volcanic eruption on Sunday conducted test flights through a layer of volcanic ash.

The Los Angeles Times has reported that the inability to fly through the ash without damaging jet engines has left thousands of travelers stranded and caused mounting economic losses. As the volcano continued erupting in Eyjafjallajokull, the plume of ash spread as far south as Italy, which closed some airports in the northern part of the country.

Silver has collapsed to our massive technical support of 17.66. The weekly close is very bearish due to matching 18.60 previous week high and close through last weeks low of 17.87. A break of 17.66 opens up a test of 16.55. The Gold Silver ratio held last weeks low of 62.65 and is now closing above previous major March pivot of 64.13. We have been bearish the Gold Silver ratio but the close above 64.13 turns us neutral. Now support for the silver is seen at 26982 and below could see a test of 26919. Resistance is now likely to be seen at 27086, a move above could see prices testing 27127.

Trading Ideas:

Silver trading range is 26919-27127.

Gold on Saturday ended positive on the notes that some short covering is seen by small traders on the last day after the gold fell on Friday heavily on Goldman Sachs issue. Gold has dropped down to 1135 to close the week compared to last Fridays 1163. The reversal back through 1145 is disappointing for bulls and opens up the risk of a test of 1122. This is the first down week in Gold following 3 up weeks off of 1085. Now support for the gold MCX is seen at 16585 and below could see a test of 16562. Resistance is now likely to be seen at 16627, a move above could see prices testing 16646.

Trading Ideas:

Gold trading range is 16562-16646.

A block of wood. Nothing more than a piece of furniture. A good looking bloke who is fit just for the ramp. These were some of the comments reserved for Arjun Rampal, an established model then, who believed that he had it all when he had as many as three films of his releasing in his debut year (2001) - 'Pyaar Ishq Aur Mohabbat', 'Deewanapan' and 'Moksha: Salvation'.

Today, close to a decade later, he is being wooed by the biggest of film makers, as can be seen in his current body of work which includes 'Housefull', 'Rajneeti' and the remake of 'Stepmom'. No wonder, he can be seen smiling as he moves ahead in his journey.

Filmmaker Susindhran made his debut directorial with ‘Vennila Kabadi Kulu’ and literally turned the spotlights on him. The film was lauded by every filmmaker, producer and superstars of Tamil film industry and is now getting remade in Telugu by producer R. B. Choudary.

His ability to make reality theme based films won him more offers including Karthi starrer ‘Naan Mahan Alla’. The film is produced by K. E. Gnyanavel Rajan and features Karthi-Kajal Agarwal in lead roles. Much alike his previous film, even this one is based on a drama focalizing on father-son relationship that turns into a crime thriller during second half.

Samuthirakkani’s initial phase of filmdom wasn’t praiseworthy as the director couldn’t churn out a hit. But his previous year’s release ‘Nadodigal’ turned to be a top grosser at box office as the trade analysts have labeled the film to be 2009’s only blockbuster. Off the late, the filmmaker was offered to remake the same film in Kannada, Hindi and Telugu. With the Telugu version ‘Sambo Siva Sambo’ turning to be an above average fare at box office, Samuthirakkani is holding talks with leading Telugu actors to sign more projects.