India Allows Telecom Firms More Time to Pay Spectrum Dues

Gold Silver Reports – India extended the time limit for payment of spectrum-related charges to the government in a move that will provide relief to telecom-operators hit by an intense pricewar spurred by a new entrant’s offer of free calls and lower data charges.

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Chart for Spot Gold is Bearish :Technical Analysis

Chart for Spot Gold is Bearish

Gold Silver Reports – The chart for Spot Gold is bearish on many counts. First there is the PMO with its “bear kiss” of the signal line and continued decline. The chart pattern that is forming is a bearish double-top. The pattern will be confirmed when price breaks down below the neckline.  

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