Sarita Pereira

Base metals, tech, currencies, industrials
Sarita Pereira
Base metals, tech, currencies, industrials
Contributor since: 2014
Congratulation, David, Eli and the SA team. i hope SA reaches 5 million users soon.
ashish2000,
Thanks for the Gyaan (knowledge in Hindi).
the fiscal deficit target for FY 2014/15 is 4.1% of GDP. the current government may have to push the additional deficit in FY 2015/16 to achieve the target, a trick used by previous government. The problem won't end so easily but will only limit government spending in FY 2015/16.
(Source: http://bit.ly/1A6tgFk)
PVGO,
agreed, but the Indian government needs money for clean energy initiatives. The fiscal deficit is a problem.
Logical Thought,
you missed these classic statements by Elon Musk in Q3, 2014 conference call:
" I wouldn't say we're strongly dependent on China for deliveries next year. In fact, I believe even if we did not sell in China next year, we could probably still meet our targets. So even if there was zero China sales. We would like to exceed the targets, but even if we had no sales in China, we would still achieve the targets we mentioned in the quarterly earnings letter."
Dasana,
Thank you for the valuable feedback.
Sarita
Dasana,
all the three points are important for Vale.
Berliner,
U.S dollar index is at a four year high and touched 88 levels. The U.S dollar will rise further if Fed increases interest rate.
(Source: http://bloom.bg/16oGHTv)
Vale at an eight year low. Citigroup has given a sell call.
(Source: http://buswk.co/10XLu0b)
Note: this article was embargoed for the first 24 hours after publication.
To New Low Observer,
some issue with the link. check this one.
http://usat.ly/1tkTQZv
To This or That,
for your information. I just checked the Swiss customs data. large exports to China, India, and Hongkong in 2014.
http://bit.ly/1tkT9Q9
Sarita
New Low Observer,
I was referring to the FOMC meeting decision.
If the Fed were to go for QE4, then gold prices would have spiked. If the Fed were to hike interest rate sooner than expected, then gold prices would have declined.
None of the above happened. The Fed ended QE3 and plans to keep interest rate near zero for a "considerable time".
(Source: http://usat.ly/1tDLJJ0- october-meeting/181154...
In the last one year gold is trading within a narrow range of $1,200 to $1,400. The key support remains at $1,200.
Note: This article was embargoed for the first 24 hours.
sunny73,
appreciate the kind words.
Sarita
stockanalboy,
appreciate the kind words.
Lets wait for tomorrow when the results come out:)
Sarita
JosephCortes,
appreciate the kind words.
Sarita
Colin,
have we reached 10,000 mark ?
Value Horizon,
Those remarks were made by Yang Yusheng of the Chinese Academy of Engineering at Chinese New Energy e-vehicle Industry Summit, October 18, 2014.
(Source: http://bit.ly/1ypIFAv)
User 30822345,
India imports more than 75% of its oil requirement. Crude oil is a necessity and its imports cannot be curbed. About gold, the government has not yet reduced 10% import duty. Gold imports will rise during the festive season but it is unlikely that we will get to see 2013 record imports as the Indian equities are better investment option for domestic investors.
Abigsoxfan,
Thanks for sharing the video.
Sarita
Ray Dalio is on SA. great..
DWBowers,
appreciate the kind words.
lets wait for October 20, 2014 when the results come out.
Sarita
jbfiacco,
Sure.
Sarita
To thotdoc,
In July 2014, i wrote this article on SA.
http://bit.ly/1BFpz9I
At that time, I was of the opinion that geopolitical events will fuel gold rally but the trend has changed. the risks still exist but gold prices are continuously declining since last month. Fed's QE program is also coming to an end.
If gold prices touch $950 as you mentioned what the low could be, then sell now and buy later. Hedging can be done but there is a cost associated with that.
According to Bank for International Settlements, almost 90 percent of the $5.3 trillion a day in foreign-exchange transactions last year involved the dollar, the same share as in 1989. according to Swift, More than 80 percent of trade finance was done in dollars in 2013.
(Source: http://bloom.bg/1yEpSoU)
Is there any currency that can replace the U.S. dollar?
I have read many reports about the collapse of the U.S. dollar but haven't seen it yet. The U.S dollar continues to be in demand inspite of the export as you mentioned.
I will go through the Epsilon Theory that you mentioned.
Thanks.
Sarita
George,
Rio Tinto has the lowest break-even cost at $42, BHP’s is $51 and Vale is at $60 in terms of ore landed in China with 62 percent content, according to UBS AG estimates.
Source: http://bloom.bg/1nGaN1C
samkon,
Iron iron prices are heading south. Once the high cost miners are out iron ore prices will rebound, which is good for BHP.
BHP is focussing on diversification rather than expanding its iron ore operations. The company paired up with Pemex. This deal should reduce its exposure to iron ore in the future.
(Source: http://bit.ly/1u4Po2p)
There is some good news from Trinidad and Tobago (Source: http://bit.ly/1t70zn4)
Colin,
what is the contributor count now?
nice to see George Soros writing for SA.
jpintoctr,
thanks for the appreciation.
Sarita
Braebun,
appreciate the kind words.
good observation:)
Sarita.
dpk,
Thanks for the appreciation.

Sarita
imvho,
Thanks for the appreciation.
Sarita
pbanados,
Thanks for the appreciation.
Sarita.