CHICAGO Cheap Nike Air VaporMax 2.0 , Sept. 22 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly on Monday as U.S. stocks drifted lower following weaker-than-expected U.S. housing data.

The most active gold contract for December delivery gained 1.3 U.S. dollars, or 0.11 percent, to settle at 1,217.9 dollars per ounce.

The U.S. existing homes sales slipped 1.8 percent in August after four consecutive months of gains, the National Association of Realtors said on Monday. The disappointing house data is seen as supportive to gold as it triggered concerns over the growth and boosted demand for haven assets.

Meanwhile Cheap Nike Air VaporMax Utility , a report released by the Federal Reserve Bank of Chicago showed that its National Activity Index, a measure of the health of the U.S. economy, fell to -0.21 in August from 0.26 in July. Any reading below zero points to below-average growth.

The most active gold contract closed at its lowest settlement price of 2014 Friday, offsetting most of its gains since the end of 2013. Gold shined brightly at the first quarter of 2014, with futures prices jumping by more than 14 percent from the end of 2013 until mid-March.

Silver for December delivery lost 7 cents Cheap Nike Air VaporMax Plus , or 0.37 percent, to close at 17.774 dollars per ounce. Platinum for October delivery lost 7.1 dollars, or 0.53 percent, to close at 1,330.2 dollars per ounce.

Other difficulties with Indian Shipbuilding Sector

Lack of Creativity and Innovation: It is a recognized reality Indians are hardly regarded for their creative strategies innovation. The last fantastic inventive function carried out by Indians was the creation of Zero and that was way back in 1000 BC. This is not to say that Cheap Nike Air Vapormax Moc , India has not progressed in the last 3 thousand years. They have progressed, but on the shoulders of other nations, not in their very own capacity. Indians are superior at solving equations as soon as an equation is given to them, but poor at formulating equations or discovering a practical use out of the equations. This is clearly observed in one of the achievements of Independent India, their so named Computer software Market. The Indian Software program Giants INFOSYS Cheap Nike Air Vapormax Off White , Wipro and TCS are globally quite competitive, but are not home hold names compared to Microsoft, Adobe, Macromedia, etc. Till date Cheap Nike Air Vapormax CS , these firms have however to come up with an innovative item catering to the masses. These so known as Software program Giants are good at ¡®one of a variety products¡¯, not simply because they are competitive in that area, but because the actual Application Giants like Microsoft, Adobe, etc will not want to get into such ¡®menial¡¯ tasks or as Caste Indians phrase them ¡®Shudra jobs¡¯.

The identical lack of creativity discover a place in the shipbuilding market. They can¡¯t conceive of a new variety of vessel (For Eg Cheap Nike Air Vapormax Laceless , the Container Vessel). Their lack of creativity is amply shown in their lack of Style capabilities. The Indian Shipyards absolutely survive on Know-how Transfers from Foreign Shipyards. Groundwork & Development is an anathema to the Indian Shipbuilders.

Conclusion

Contrary to what the KPMG report claims, Indian Shipbuilding is nowhere near the class of Japanese, Korean or Chinese Shipbuilders. The Indian Low cost Labor expense is practically nothing but a myth. Their shipyards are what the US shipyards were a hundred years back. Most of the Indian Shipyards lack a CNC cutting machine, forget about robotic welders. Moreover India¡¯s archaic labor laws would avert the introduction of any labor saving technology. Lack of creativity is a bane of Indians and their inventive spirit has not been shown in the previous three thousand years.

But is all lost? Is India¡¯s Shipbuilding Marketplace doomed for eternity in the backwaters of technological and inventive primitivity. Need to have Not Be. As Ayn Rand rightly brought out in one particular of her novels ¡°All it requires is for a handful of excellent men to take up the cudgels¡±. But will Indian Shipbuilding Market find its Couple of Great Males???

The $eight billion defence project that plans to create new destroyers for the Australian Navy is hundreds of millions of dollars more than the price range and already two years late has induced a feud among the market and the government.

Insiders have mentioned that the strategy of developing 3 6,500-ton destroyers are in crisis just a year right after the ships¡¯ steel hulls started building in Adelaide Cheap Nike Air Vapormax 97 , Newcastle and Melbourne. They threaten that this could be the biggest defence bungle soon after the 1990 Collins Class subs construction. If not corrected, it could jeopardize the future of Australia¡¯s naval shipbuilding.

There are a lot of causes of delays such as poor project management, blunders from the engineers and lack of knowledge as stated by HMAS Hobart.

Howard Franks is a Expert writer functioning with Everlast welding and he writes articles for Plasma Cutters. He written a lot of articles like Welders, plasma cutting, TIG Welders.

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