Fearing an ambush from Taliban, Obama’s visit kept under thick cover of secrecy

Fearing an ambush from Taliban, Obama’s visit kept under thick cover of secrecyA media report said on Monday that US President Barack Obama's visit to Kabul was shrouded in secrecy and even Afghan President Hamid Karzai was informed about his visit barely an hour before he arrived.

Daily Mail quoted the White House as saying that Karzai was notified about the visit just an hour before he arrived.

First visit to Afghanistan, after taking office, was made by Obama on Sunday.

Commodity Outlook for Copper by KediaCommodity

CopperCopper settled up as investor appetite for risk improved and the dollar surrendered recent gains

Bolivian sugar factories selling their product at elevated prices may be nationalized

Bolivian sugar factories selling their product at elevated prices may be nationalizedPresident Evo Morales has warned that sugar refineries that are "blackmailing" the Bolivian people by selling their product at elevated prices may be nationalized.

Morales said on Sunday, "If owners of sugar refineries continue selling their sugar more cheaply abroad and more dearly (domestically), I will see myself forced to nationalize ... those factories, without any fear."

Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude prices settled flat on Saturday after falling Friday, as a reduction in fourth-quarter U.S. gross domestic product added to concerns about future oil demand. OPEC output is likely to rise further after the group, seeing oil prices in its comfort zone and expecting demand to recover later this year, shrugged off overproduction by many members at a recent meeting. OPEC stuck to output quotas agreed in December. Now support for the crude is seen at 3625 and below could see a test of 3620. Resistance is now likely to be seen at 3636, a move above could see prices testing 3642.

Trading Ideas:

Crude trading range is 3620-3642.

Tax bill will be boosted by Healthcare law

Tax bill will be boosted by Healthcare lawIt will take a $1 billion charge against earnings because the federal healthcare overhaul cancels a tax benefit the company received, says AT&T Inc.

AT&T, and other U. S. companies that provide prescription-drug benefits to retirees, receive a federal subsidy, the value of which also can be deducted from the firms' taxes.

The Wall Street Journal reported on Saturday that the healthcare overhaul plan signed by President Obama this week cancels the deductibility of the subsidy.

Commodity Outlook for Silver by KediaCommodity

SilverSilver is closing at 16.91$ which is unchanged from last Fridays close. This follows two consecutive down weeks off 17.64$. The metal tried as low as 16.55$ this week temporarily breaking key support at 16.83$. We are neutral Silver but think that the positive momentum witnessed from late January to early March is slowly rolling over. The Gold Silver ratio is closing the week at 65.42 which is mildly higher than last Fridays 65.29. Now support for the silver is seen at 26421 and below could see a test of 26381. Resistance is now likely to be seen at 26491, a move above could see prices testing 26521.

Trading Ideas:

Silver trading range is 26381-26521.

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