Friday, June 20, 2008

MCX Platinum,Kuselan Commodity Markets and Rajnikanth!





" You must be mad" manju said, "totally gone case, just because you had written one blog connecting commodity markets and kamal and just because your schoolday sweetheart called and said choo chweet to the blog, what are you trying to do ? , dont you realise what your institutional clients will think about you" , she continued and as usual with the left indicator on and hand showing right from the window continued to zip straight towards adyar signal.

"Wont they find out that invariably all friday afternoons that your phone is switched off not because you are sick as you claim but because you are just crazy about all this stupid bollywood kollywood molly wood pictures, you either need medical help or a detox", she continued.....

Kuselan the Rajnikanth starrer movie is complete, directed by P.Vasu, it is a remake of the Malayalam Film Katha Parayambol(produced by srinivasan and mukesh) is an adaption of the hindu mythology the story of Lord Krishna and his poor friend Kusela.

Kusela, a childhood friend of Lord Krishna went to see the Almighty with a pouch of puffed rice and he was in a dilemma whether to offer it or not.After all puffed rice was a food meant for the poor not a king or a king of kingss, But the Lord snatched the pouch from him and gulped some pieces and said `Akshayam'.This magic word transformed Kusela's simple house to a magnificent palace and the Lord's poor friend became as rich as Kubera. To this date this important event is signified by what people refer to as Akshay Trithi.

Akshaya Tritiya, variously spelt as Akshya Thiritiya,Akshaya Trutheeya, Akshaya Tritiiya and also called Akshaya Trithi, falling on the third day of the bright half of the lunar month of Vaisakha of the traditional Hindu calendar, is one of the four most auspicious days of the year for Hindus. The word Akshaya, a Sanskrit word, literally means one that never diminishes, and the day is believed to bring good luck and success. It is widely celebrated in all parts of India by different sections of the society irrespective of their religious faith and social grouping. The day is particularly considered auspicious for buying long term assets like gold,platinum and silver, including ornaments made of the same; diamond and other precious stones; and the real estate.

The legend states that any venture initiated on the auspicious day of Akshaya Tritiya shall continue to grow and bring prosperity. Hence, it is normal to see many of the new ventures, like starting a business, ground breaking for construction etc on the Akshaya Tritiya Day.

With the mass media and marketing, this day has been taken over by marketeers to promote sales and bookings for precious metal jewellery, houses, consumer electronics(btw consumer electronics is one of the largest users of precious metals, take any pcb or what is reffered to as printed circuit boards,turn it around, the yellow and white lines that you see there are alloys of gold,silver and platinum chosen for their high conductivity low resistance properties).

Today is coincidentally the day when the Platinum contract is being launched on MCX(along with the tamil movies Kuselans publicity stills),

"We will be launching the July and October contracts in platinum for trading," my good friend,mentor,south india mcx's all in all azhgu raja and asst vice president MCX,T.G.SenthilVelan confirmed.

"The contract will have market lot size of 500 gm and the price quote will be in rupees per 10 gm ex-Mumbai," he added.

Although there is no developed platinum spot market in India, consumption in industrial purposes as well as the jewellery industry is rising.

Platinum is also used by pharmaceutical industries for making anti-cancer drugs(Nano Medicane) and by auto industry to create catalysts.

At these high prices of crude oil and the world betting on alternative energy such as fuel cells, platinum finds great application in the form of electro catalysis as well as in emission control catalysis.

Well coming back to my topic, Guess Rajni says for Kuselan I dont need Chaos and any time 1=10 (or should we say 1 =100, Na oru dirva sonna nooru dirva sonna madhiri meaning ,if I tell once it is the same as telling a hundred times)??

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