Sunder’s List: Boxing Day

Roundup: S&P +0.29%, Dow +0.39%, Nasdaq +0.16%, Gold $1204.00, London +0.23%, Germany +0.94%, France +0.07%. At pixel: Nikkei +0.91%, Hang Seng +1.13%

Titan Industries, which generates about 75% of its revenue from jewellery, may have to expose half its gold inventory to price fluctuations. Although the report singles out Titan, this is an industry-wide problem brought about by regulation. (ET) [stockquote]TITAN[/stockquote]

The real threat to gold’s price is deflation. SocGen has a 2016 gold price target of $1,050. (Barron’s, #gold) [stockquote]GOLDBEES[/stockquote]

Foreign investors have mostly steered clear of midcap companies and such, midcaps remain out of favor. But for how long? (WSJ)

Nobody knows if foreign brokerages are allowed to do proprietary trading in India. Morgan Stanley sought RBI’s approval to start proprietary trading. RBI sought the views of the Finance Ministry. The ministry on its part has asked Morgan Stanley to discuss the matter again with the RBI. Wonderful. (HBL, #regulation)

The McResource site, is advising its employees to eat Subway sandwiches instead of burgers and fries – because it is unhealthy. (RT)

Good luck and Happy Boxing Day!

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