Gold hits 6-week low as equities weaken, dollar firms
Gold prices fell 1 percent on Tuesday as the dollar firmed against the euro and stock markets fell, with appetite for assets seen as higher risk hurt by a credit downgrade of five Spanish regions and a raft of soft corporate earnings reports.
In India, historically the world's largest bullion consumer, demand picked up as prices dipped ahead of a key festival season that is seen as an auspicious time to buy gold.
Gold-backed exchange-traded funds, which issue securities backed by physical metal, saw inflows on Monday of around 112,223 ounces, with the bulk of inflows moving into New York's SPDR Gold Trust.

Oil slips towards 87.25[near support levels] despite supply risks
Oil eased towards $109 a barrel on Tuesday as investors brushed off Iran's threat to halt exports if the West tightens sanctions and focused on a fragile world economy and its impact on oil demand growth.

Earnings, Spanish downgrades weaken shares, euro
Lackluster corporate earnings and a credit rating downgrade of five Spanish regional governments weakened world shares and the euro on Tuesday, while expectations of stimulus in Japan hurt the yen.

Europe shares hit 1-wk low, some results disappoint
Tuesday's sell-off was across the board, with all the sectors on the STOXX Europe 600 falling. Basic resources shares topped the fallers' list by dropping 1.6 percent, mirroring sharp declines in metals prices that fell on persistent worries about global demand.
"There has been an element of (earnings) disappointment so far as some of the statements remain downbeat given the global economic environment," Henk Potts, equity strategist at Barclays Wealth, said.
"However, any weakness should be used by investors to increase their exposure to an asset class that continues to outperform. We like technology, energy and consumer discretionary sectors." said by Graham Bishop, senior equity strategist at Exane BNP Paribas.

Hi wajeed, Because, it is as expected and btw, People r worried abt red rather than green.
After this correction, when we all buy longs, I will post up-dates in green, till then, am helpless :)

Hi wajeed, BTW, Am basically a BEAR and am good in bear markets but reacting according to the trend now-a-days practically :)

Hi Munna, I misunderstood ur previous post, I thought u were holding 5600 PE, hence mentioned 50% chances. In case, if u were holding 5700 PEs, then it's no problem as this Oct F&O contract is likely to end below 5700. Probably today's global fall is a good for ur puts holdings.

Hi HAM, Nice to see your reply but for me i dont like red i like green always thanks.

Hi All - Good evening.

Hi Rohitc, no, not really sure.

Hi H A M, most welcome

Hi Munna, yes, does seem so. lets see how US markets close.

Hi NH, Good evening.

Hi H A M, Hi H A M, GE,good to hear ur genuine BEAR..ru still holding 5600 PE??

Hi H A M, r u a professional trader ...is trading ur full time occupation ?