4 E's That Determine Gold Prices

In 2006, My paper 4 E's that cause the Gold Prices to Rise was treated with utmost contempt.
I can now say after 2 years that though I dont consider myself as a clarivoyant atleast I now believe that Markets are after all about common sense which is pretty uncommon.

Thanks to Sangeetha Shah of Financial times for this write up.

Impact of sporting Events on Commodity Prices. Singapore F1 GP ?

Beijing olympics had a huge impact on prices of commodities as China had to procure
previously unheard quantities of Steel,copper, Cement etc ahead of the Beijing Olympics.

Similary Singapore ,started the Same, Last year August 2007,which saw a considerable run up in prices of commodities,My Colleague Manoj and I had the opportunity to see the construction activity of the First Night Race GP at Singapore in person way back in July and had come out with our advisory on the same, Due to Compulsions we had to keep these details in private till now, now that there is Just a week away for the Singapore f1 GP here I share my view as well as Snaps of the same,

The 5.05km long street circuit would offer a number of 'twin side' overtaking
opportunities, fast turns and technically challenging sections for F1 race drivers would definetly make this wet race hot!

More than 70 per cent of the street circuit is made up of Singapore’s existing road network. The Paddock building houses the control tower, garages for the teams, hospitality lounges, Press Room and other facilities( A beautiful view of this from the Singapore Flyer is presented above, thanks manoj for this lovely shot taken on a very ordinary SLR)
i. Construction of a 1.2 km road that will form the eastern section of the circuit
ii. A new vehicular/pedestrian underpass and service road leading to the Pit Building
iii. Widening of a stretch of the promenade between the existing outdoor seating gallery and floating platform in Marina Bay
iv. Widening a section of Raffles Boulevard from Nicoll Highway to Temasek Avenue
v. Modifications to existing road kerbs and traffic islands.

Any guess on the quantity of commodities used, the unofficial news is that the Contractors Chan & Chan Co Pte Ltd estimated almost about 77 million dollars to raw material consumption alone :) !!! (Does not include the Lighting,energy and related tertiary commodity consumption)

Definetly a race that would have delighted Senna(and his fans as well), Afterall you can be 100% sure that it is going to rain in Singapore,not to rule out Proffessor and schumi as well.

There were a section of tracks that I observed (The new 1.2 km eastern section you can view that section from the verandah of the Indian Restaurant at the singapore Flyer).This section inspite of it being new I think would be extremely bumpy hopefully it is safe one.(and not end up a tamborella!)

As of rubber burning be sure that you would go back home with that 'incense' deep in yournose adicttive and making you want more and more of that smell!!


Dont miss out this 'commodity prices sensitive' Race Next week!! !!

More Snaps at http://picasaweb.google.co.in/dindiz/F1GPTrack