Sunday, February 12, 2012

Powerball Lottery Winner Strikes Gold; Powerball Lotto Ticket Worth Millions sold in Rhode Island

Powerball Lottery Overview: Powerball lottery officials recently took a little
heat as a result of the changes made to the price of a Powerball lottery ticket.
The price doubled from 1 dollar per ticket to two dollars per ticket.
Justification for the rise in price came via the larger jackpot. Although
officials were promising bigger and better jackpots, many players remained upset
over the increase, and some even vowed to stop playing the Powerball altogether.
In the days after the Powerball ticket price increase, the jackpot grew larger
and ultimately reached a climactic amount. Over this past weekend, the Powerball
jackpot reached its third highest mark ever. Droves of people were lured by the
extreme prize and as a result, just one lucky player will take home the jackpot.
Lottery officials relay that the winning ticket was sold in Rhode Island. The
specific location where the winner was sold is not yet being released. The one
time cash payment will be $210 million which officials state is the largest cash
payment ever for the game. If you are from Rhode Island and purchased a ticket,
double check the numbers. The winners on the 11th of February were 1-10-37-52-57
with the Powerball being 11. Genny Germano

Gold Contract Price Review; Silver Contract Price Review; Gold Rate Silver Rate Trending News

XCSFDHG46767FHJHJF

dow2664 Gold Price and Silver Price Market News Week Ended Feb. 10 2012: The U.S. dollar rallied during the last week of trading while the euro was pressured by the ongoing debt resolution struggles ongoing in the eurozone. Concerns grew regarding Greece as many felt that leading officials would be unable to compromise on austerity measures. This action pressured the euro and the dollar gained strength. Gold price dropped lower in significant fashion as world stock and commodity markets fell back. Precious metals gold and silver were pressured in this environment and price trend-lines for both metals dropped lower during the last week of trading. Precious metal gold dropped lower for the week ended Feb. 10 by approximately .9 percent. Contract gold for April delivery finished the last session on the 10 lower by approximately $15.90 to close the week at 1725.30 per troy ounce. Silver price trend-lines moved negatively over the course of the last week overall as well. March contract silver finished Feb. 10 lower by .9 percent and closed the day at $33.60 per troy ounce. Silver price trend-line sloped negatively over the course of the week as a whole by approximately .4 percent. The week was a loser for precious metal gold and silver and the losses mounted for a second consecutive week. Gold and silver posted back to back weekly losses. Gold price and silver price one month change analysis, one year price trend-line change analysis current: Although gold and silver dropped lower for the last session and week overall, both metals post price-line trends at this point which are positive over the course of the past month and year. According to one month change analysis, gold price trend-line is positive by approximately 4.8 percent at this point and gold price trend-line change over the course of the year is positive by approximately 26.8 percent at this point. Silver price trends are positive during this time frame as well. According to one month change analysis for silver, price trend-line slope is positive for the silver metal by approximately 11.6 percent. Price trend-line analysis for silver slopes positively over the course of the year right now by approximately 10.5 percent. Although gold and silver have posted weak trends over the last two weeks, many investors still feel bullish due to the perceived fragility in the global economic environment. Investors will diversify away from the dollar and flat based currency investments and this action will often support precious metal gains overall. The positive one month and one year price trend-line change for precious metal gold and silver represents this mode of thought sufficiently. Gold and silver remain in the green when viewed from this broad perspective. Camillo Zucari



The Best Objective Review I’ve Had In Weeks

XCSFDHG46767FHJHJF

tdp2664 Penny Stock Live I want to thank FL_Trader for taking the time to write this review. It’s clearly well written and objective which helps me a lot. As a former teacher I know the importance of of assessing my performance week to week, so when I get a thorough evaluation like this one from FL_Trader at Investimonials, you better believe I not only listen, but more importantly refine my service to meet the needs of my subscribers. Quite honestly, some of his critical comments have been on my mind as well. Professional and focused I like this guy Jason. He verifies his trades consistently on Profit.ly and has a good winning percentage > 60%. He’s professional, mature, and focused unlike some of the other gurus on Profit.ly. He was a former school teacher with a Master’s degree in Education with a passion to teach on Wall Street. He is humble and works hard for his subscribers. He is always punctual and organized. When he started out in Profit.ly, he started to promote his swing trade service and it was really good. His watchlist was very profitable and subscribers were happy. There are approximately 150+ subscribers in this service. However, something changed recently that worries me. He all of a sudden started offering a day trading service to only a select number of subscribers for $1997/yr with no option for monthly payments. That was a real shocker. Now the swing trading service has slowed down dramatically and the day trading service seems to be more active. It went from quality trading to hyper scalping trash in a couple weeks Now you see good setups being destroyed by these scalpers. They push and pull things around making things unstable. I’m concerned that Jason can’t manage everything in the long run and may end up losing subscribers. On a typical week, Jason will give you like 15-20 stocks to follow but he will only play like 1-5 of them. He will also pull a rabbit out of his hat occassionally and trade some new stock that was never listed on the watchlist only to watch him fail because nobody was prepared for that stock. All these 15-20 stocks are very profitable setups but I don’t know why he doesn’t play them with conviction and confidence. He also has this bad habit of buying stocks at their highs looking for higher prices. He will send out an alert when stocks are at their highs only to push it higher. Sometimes they work but most of the time they don’t. I recommend current subscribers not wait for his alerts. They usually are timed poorly. They should play his watchlist independently but buy low and sell at the highs. Use longer term time periods on your charts and be very patient. Don’t chase. I can only give this service about 4 stars since there are some lingering issues that are concerning. (Read more )



Gold Contract Price Review; Silver Contract Price Review; Gold Rate Silver Rate Trending News

Gold Price and Silver Price Market News Week Ended Feb. 10 2012: The U.S.
dollar rallied during the last week of trading while the euro was pressured by
the ongoing debt resolution struggles ongoing in the eurozone. Concerns grew
regarding Greece as many felt that leading officials would be unable to
compromise on austerity measures. This action pressured the euro and the dollar
gained strength. Gold price dropped lower in significant fashion as world stock
and commodity markets fell back. Precious metals gold and silver were pressured
in this environment and price trend-lines for both metals dropped lower during
the last week of trading. Precious metal gold dropped lower for the week ended
Feb. 10 by approximately .9 percent. Contract gold for April delivery finished
the last session on the 10 lower by approximately $15.90 to close the week at
1725.30 per troy ounce. Silver price trend-lines moved negatively over the
course of the last week overall as well. March contract silver finished Feb. 10
lower by .9 percent and closed the day at $33.60 per troy ounce. Silver price
trend-line sloped negatively over the course of the week as a whole by
approximately .4 percent. The week was a loser for precious metal gold and
silver and the losses mounted for a second consecutive week. Gold and silver
posted back to back weekly losses. Gold price and silver price one month change
analysis, one year price trend-line change analysis current: Although gold and
silver dropped lower for the last session and week overall, both metals post
price-line trends at this point which are positive over the course of the past
month and year. According to one month change analysis, gold price trend-line is
positive by approximately 4.8 percent at this point and gold price trend-line
change over the course of the year is positive by approximately 26.8 percent at
this point. Silver price trends are positive during this time frame as well.
According to one month change analysis for silver, price trend-line slope is
positive for the silver metal by approximately 11.6 percent. Price trend-line
analysis for silver slopes positively over the course of the year right now by
approximately 10.5 percent. Although gold and silver have posted weak trends
over the last two weeks, many investors still feel bullish due to the perceived
fragility in the global economic environment. Investors will diversify away from
the dollar and flat based currency investments and this action will often
support precious metal gains overall. The positive one month and one year price
trend-line change for precious metal gold and silver represents this mode of
thought sufficiently. Gold and silver remain in the green when viewed from this
broad perspective. Camillo Zucari

Africa's Randgold, Harmony Gold Report Favorable 2011 Results

Africas Randgold, Harmony Gold Report Favorable 2011 Results International
Business Times AU - Feb 7, 2012 By Esther Tanquintic-Misa | February 7, 2012
12:00 PM EST Two African-focused miners, Randgold Resources and Harmony Gold
Mining Co.

Dow Chemical (NYSE:DOW) Announces Design Competition Winner

Dow Chemical (NYSE:DOW) Solar has announced the winners of International Design
to Zero Competition. Dow Chemical (NYSE:DOW) Announces Design Competition Winner
Reports say that Dow Chemical Company (NYSE:DOW) has announced the three winning
teams of the international Dow Solar Design to Zero Competition at 2012
International Builders Show. These awards show Dow Chemical (NYSE:DOW)'s
commitment to support education and innovations that will help solve the worlds
challenges. Pat Nugent, Director of New Business Development, Dow Chemical
(NYSE:DOW) Solar, said that, The students designs are perfect examples of the
innovative thinking that is needed to create sustainable and energy efficient
housing both now and for the future. The Dow Chemical (NYSE:DOW) Solar Design to
Zero Competition challenged students to think outside the box to develop
net-zero solutions that will ultimately shape the future of sustainable
residential building and design; we wanted to share these innovative solutions
with the building industries leaders at IBS". Dow Chemical (NYSE:DOW) shares
are currently standing at 34.42. Price History Last Price: 34.42 52 Week Low /
High: 20.61 / 42.23 50 Day Moving Average: 30 6 Month Price Change %: 20.7% 12
Month Price Change %: -10.5%

Gold and Silver Prices Weekly Outlook for February 13-17

Here is a short recap of the developments in gold and silver prices during the
week of February 6th to February 10th; this overview includes a short
description of the changes in the financial markets that are related to the
precious metals prices; in the analysis in I use charts and I highlight of the
main news items that may have affected the direction of gold and silver prices
to shift with no clear trend during the week. The recent ECB rate decision in
which ECB left the interest rate unchanged at 1%: this news may have been among
the factors to trade up gold and silver on Thursday, because many had
anticipated a rate reduction. The Euro and other risk currencies such as the
Australian dollar and Canadian dollar also zigzagged during the week against the
U.S. dollar. This shift in the direction of the U.S. dollar may have also been
responsible for the shifts in the direction of gold and silver prices during the
passing week. The video link above includes a broad forecast for news and events
that could affect gold and silver prices during the week of February 13th to
February 17th; the estimation includes

Rite Aid (NYSE:RAD) Wins Pharmacy Award

Rite Aid (NYSE:RAD) has won the American Pharmacists Associations Award for its
2011-12 Immunization Program. Rite Aid (NYSE:RAD) Wins Pharmacy Award Rite Aid
(NYSE:RAD) has received the American Pharmacists Associations Immunization
Champion Award. The award recognizes Rite Aid (NYSE:RAD)s Commitment to
Pharmacist-Administered Vaccines. Robert I. Thompson, Rite Aid (NYSE:RAD)
Executive Vice President of Pharmacy, said that, Rite Aid (NYSE:RAD) made a
company-wide commitment to boosting public immunization rates for flu and other
vaccine-preventable diseases. Its an honor to be recognized by our peers,
American Pharmacists Association, for our efforts. Id like to thank all Rite Aid
(NYSE:RAD) pharmacists, as well as our store and corporate support teams, for
making this valuable pharmacy service available to the communities Rite Aid
(NYSE:RAD) serves". Rite Aid (NYSE:RAD) shares were at 1.59 at the end of the
last days trading. Theres been a 37.4% change in the stock price over the past 3
months. Rite Aid (NYSE:RAD) Analyst Advice Consensus Opinion: Moderate Sell Mean
recommendation: 3.33 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 3.33 Zacks
Rank: 2 out of 11 in the industry

Google Eyes the Consumer Cloud with Drive

A long-rumored project may finally be coming to fruition. Called Drive, it would
offer simplified cloud-storage services to consumers using any connected device.

2012 Está la buena, la mala y Kate Moss en W The Last Art


ASDWE45789VB

kmw_01

Podemos decir de todo de ella: nos puede gustar, nos puede horrorizar o simplemente no nos dice nada. Pero hay algo que no podemos negar: Kate Moss vende. Y las firmas o y las redacciones más in del momento lo saben. Por más que pasen los años ella está allí, frente a nosotros diciéndonos: ‘¡eh! ¿Quién dijo que estaba acabada?’. Y lo vuelve a hacer en las dos nuevas portadas de la revista norte americana W.

2012 Misma cabecera, misma modelo, outfit diferente. Elle y su segunda portada con Miss Chung The Last Art


ASDWE45789VB

eua_01

Es lo que tiene tener dos versiones (suscriptoras y venta normal) de una cabecera: las portadas son distintas. Eso sí, la misma modelo aparece en ellas. Es el caso de Alexa Chung y aparición para el mes de marzo 2012 en Elle UK. En ambas imágenes aparece con outfits de Louis Vuitton, pero la cosa cambia. Pues en la portada anterior lo hacía con un body de rombos, a modo arlequín, en una portada un tanto apagada.

Crude Oil Prices – Weekly Outlook February 13-17

Crude oil prices continued to very moderately climb up as they have did during
recent weeks.

Caterpillar (NYSE:CAT) Expands Scholarship Program

XCSFDHG46767FHJHJF

tdp2664 E money daily Caterpillar (NYSE:CAT) has awarded scholarships to Eureka College. Caterpillar (NYSE:CAT) Expands Scholarship Program Caterpillar (NYSE:CAT) has announced that the Caterpillar (NYSE:CAT) Foundation has awarded a $75,000 grant to Eureka College for students to study in China. The grant allows five sophomores, juniors and seniors majoring in administration, accounting or computer science to study at universities in China. The Caterpillar (NYSE:CAT) scholarships will pay for the students' travel, tuition, housing and meals. Michele Sullivan, Caterpillar (NYSE:CAT) Foundation vice president, said that "The Caterpillar (NYSE:CAT) Foundation is proud to support U.S. college students studying abroad in China. It is our hope that this experience will give students some valuable insights on the global economy, the importance of China on the world stage and an unforgettable cultural experience". Caterpillar Inc. (NYSE:CAT) company shares are currently standing at 112.83. Price History Last Price: 112.83 52 Week Low / High: 67.54 / 116.55 50 Day Moving Average: 99.06 6 Month Price Change %: 36.6% 12 Month Price Change %: 13.4%



Dow Chemical (NYSE:DOW) Announces Design Competition Winner

XCSFDHG46767FHJHJF

tdp2664 E money daily Dow Chemical (NYSE:DOW) Solar has announced the winners of International Design to Zero Competition. Dow Chemical (NYSE:DOW) Announces Design Competition Winner Reports say that Dow Chemical Company (NYSE:DOW) has announced the three winning teams of the international Dow Solar Design to Zero Competition at 2012 International Builders’ Show. These awards show Dow Chemical (NYSE:DOW)'s commitment to support education and innovations that will help solve the world’s challenges. Pat Nugent, Director of New Business Development, Dow Chemical (NYSE:DOW) Solar, said that, “The students’ designs are perfect examples of the innovative thinking that is needed to create sustainable and energy efficient housing both now and for the future. The Dow Chemical (NYSE:DOW) Solar Design to Zero Competition challenged students to think outside the box to develop net-zero solutions that will ultimately shape the future of sustainable residential building and design; we wanted to share these innovative solutions with the building industries leaders at IBS". Dow Chemical (NYSE:DOW) shares are currently standing at 34.42. Price History Last Price: 34.42 52 Week Low / High: 20.61 / 42.23 50 Day Moving Average: 30 6 Month Price Change %: 20.7% 12 Month Price Change %: -10.5%



Google Eyes the Consumer Cloud with Drive

XCSFDHG46767FHJHJF

tdp2664 InvestorPlace A long-rumored project may finally be coming to fruition. Called Drive, it would offer simplified cloud-storage services to consumers using any connected device.



Rite Aid (NYSE:RAD) Wins Pharmacy Award

XCSFDHG46767FHJHJF

tdp2664 E money daily Rite Aid (NYSE:RAD) has won the American Pharmacists Association’s Award for its 2011-12 Immunization Program. Rite Aid (NYSE:RAD) Wins Pharmacy Award Rite Aid (NYSE:RAD) has received the American Pharmacists Association’s Immunization Champion Award. The award recognizes Rite Aid (NYSE:RAD)’s Commitment to Pharmacist-Administered Vaccines. Robert I. Thompson, Rite Aid (NYSE:RAD) Executive Vice President of Pharmacy, said that, “Rite Aid (NYSE:RAD) made a company-wide commitment to boosting public immunization rates for flu and other vaccine-preventable diseases. It’s an honor to be recognized by our peers, American Pharmacists Association, for our efforts. I’d like to thank all Rite Aid (NYSE:RAD) pharmacists, as well as our store and corporate support teams, for making this valuable pharmacy service available to the communities Rite Aid (NYSE:RAD) serves". Rite Aid (NYSE:RAD) shares were at 1.59 at the end of the last day’s trading. There’s been a 37.4% change in the stock price over the past 3 months. Rite Aid (NYSE:RAD) Analyst Advice Consensus Opinion: Moderate Sell Mean recommendation: 3.33 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 3.33 Zack’s Rank: 2 out of 11 in the industry



Gold and Silver Prices Weekly Outlook for February 13-17

XCSFDHG46767FHJHJF

DG365FD46564GFH654FU898 Here is a short recap of the developments in gold and silver prices during the week of February 6th to February 10th; this overview includes a short description of the changes in the financial markets that are related to the precious metals prices; in the analysis in I use charts and I highlight of the main news items that may have affected the direction of gold and silver prices to shift with no clear trend during the week. The recent ECB rate decision in which ECB left the interest rate unchanged at 1%: this news may have been among the factors to trade up gold and silver on Thursday, because many had anticipated a rate reduction. The Euro and other “risk” currencies such as the Australian dollar and Canadian dollar also zigzagged during the week against the U.S. dollar. This shift in the direction of the U.S. dollar may have also been responsible for the shifts in the direction of gold and silver prices during the passing week. The video link above includes a broad forecast for news and events that could affect gold and silver prices during the week of February 13th to February 17th; the estimation includes



Dow Chemical (NYSE:DOW) Announces Design Competition Winner

Dow Chemical (NYSE:DOW) Solar has announced the winners of International Design
to Zero Competition. Dow Chemical (NYSE:DOW) Announces Design Competition Winner
Reports say that Dow Chemical Company (NYSE:DOW) has announced the three winning
teams of the international Dow Solar Design to Zero Competition at 2012
International Builders Show. These awards show Dow Chemical (NYSE:DOW)'s
commitment to support education and innovations that will help solve the worlds
challenges. Pat Nugent, Director of New Business Development, Dow Chemical
(NYSE:DOW) Solar, said that, The students designs are perfect examples of the
innovative thinking that is needed to create sustainable and energy efficient
housing both now and for the future. The Dow Chemical (NYSE:DOW) Solar Design to
Zero Competition challenged students to think outside the box to develop
net-zero solutions that will ultimately shape the future of sustainable
residential building and design; we wanted to share these innovative solutions
with the building industries leaders at IBS". Dow Chemical (NYSE:DOW) shares
are currently standing at 34.42. Price History Last Price: 34.42 52 Week Low /
High: 20.61 / 42.23 50 Day Moving Average: 30 6 Month Price Change %: 20.7% 12
Month Price Change %: -10.5%

Gold and Silver Prices Weekly Outlook for February 13-17

Here is a short recap of the developments in gold and silver prices during the
week of February 6th to February 10th; this overview includes a short
description of the changes in the financial markets that are related to the
precious metals prices; in the analysis in I use charts and I highlight of the
main news items that may have affected the direction of gold and silver prices
to shift with no clear trend during the week. The recent ECB rate decision in
which ECB left the interest rate unchanged at 1%: this news may have been among
the factors to trade up gold and silver on Thursday, because many had
anticipated a rate reduction. The Euro and other risk currencies such as the
Australian dollar and Canadian dollar also zigzagged during the week against the
U.S. dollar. This shift in the direction of the U.S. dollar may have also been
responsible for the shifts in the direction of gold and silver prices during the
passing week. The video link above includes a broad forecast for news and events
that could affect gold and silver prices during the week of February 13th to
February 17th; the estimation includes

Google Alert - antiques coin

News1 new result for antiques coin
 
Proposed tax on bullion, gold coins draws concern from business owner
WTOP
Lerner, owner of the Frederick Coin Exchange, said he is concerned about a proposal that ... Why not ... single out sales of precious art or other antiques?


Tip: Use site restrict in your query to search within a site (site:nytimes.com or site:.edu). Learn more.

Delete this alert.
Create another alert.
Manage your alerts.

A Higher Gold Price is The Best Reason For QE

XCSFDHG46767FHJHJF

DG365FD46564GFH654FU898 AppId is over the quota Quantitative easing is the only solution, according to the Federal Reserve, to help stimulate as well as keep the economy afloat. Is it really the only solution? Should we even keep the economy afloat or let is fall hard and rebuild from the bottom up? Whatever the case, they won't let it happen. QE will come and the gold price will soar. What about Greece? How will the United States' banking organization be affected by Greece and its predicament? That is dependent upon what a Greek default looks like as determined by the International Swaps and Derivatives Association (ISDA). Since their founding in 1985, the ISDA has had as its goal the betterment of the over-the-counter (OTC) derivatives market. Disbursed amongst 57 countries, there are more than 800 affiliates. They employ a master agreement which is a standardized contract. Initially originated in 1985, it became more structured during the decade of the 1990s. When it began, the key OTC derivative was interest rate swaps, but presently it includes many more derivative products such as the credit default swaps (CDS). The Bank for International Settlements (BIS) projects that world-wide there is approximately US $707 trillion notional amount of derivatives as of June 30, 2011 which means this market is worth over US $19 trillion. Why am I explaining what the ISDA is in reference to Greece? Believe it or not, there is an agreement in the making which stipulates that owners of private debt would receive only 30 cents on the dollar for their Greek debt. Private banks hold roughly $260 billion of Greek debt. It has already been agreed that these private debt owners will receive a 50% reduction in the debt they hold, however, a reduction of a 70% arrangement does not exist. Furthermore, new bonds would be issued with lower interest rates which basically means that these banking institutions may have to lose significantly. Credit default swaps are founding Greek debt and the ISDA has issued an order that as long as any debt agreement is voluntary there would be no call on the CDS and buyers of the CDS would not collect any payout. In the initial consideration, the 50% cut was recognized as chosen and therefore there would be no payout. However, now there is talk of a 70% slash which needs to be classified as voluntary or forced? ISDA would need to think about that one. Jim Sinclair, a well-known gold analyst, gave a brief sketch as to what constitutes a default for the ISDA. The interview aired January 31, 2012 on the Elli$ Martin Report. The CDS outstanding world-wide is approximately US $32.5 trillion notional value where half is held by US banks. The following five banks hold 97% of CDS in the United States and are prominent members within ISDA: • JP Morgan Chase • Bank of America • Citibank • Gold man Sachs • HSBC Bank USA In fact, the officials associated with the decision-making process that would conclude whether a 70% debt cut for Greek debt is a default or a voluntary reduction are the main issuers of CDS and Greek debt CDS. In regards to the financial institutions that administered their debt by buying the hedge of CDS, they are apprehensive and displeased that they may be obligated to lose 70% on their holdings as well as be powerless to accrue on their hedge. The anxieties Sinclair is demonstrating have merit because if the CDS owners are not capable of yielding from their hedge, the indeterminate amount of trillions of dollars worth of CDS that have been written by the 5 large banks before-mentioned will vanish. The problem lies in that the future misfortune on the Greek debt plus many others if the CDS hedges were declared a default would more than wipe out the capital of these large banks. The thought of the true death of the US banking system because of CDS is sufficient to frighten the biggest pessimist. Consequently, the anxiety felt by Sinclair is reasonable considering that, as it is, we're not getting the whole story. All is not lost, though. Maybe now we can better comprehend the latest statements by Fed Chairman Bernanke. For the next three years, interest rates are to be held more or less at existing levels until 2014; another round of quantitative easing is right around the corner. The swaps being negotiated between the Fed and the ECB are also a manner in which QE is produced. What's happening, consequently, is infinite QE throughout the world. This is not good for the US dollar. However, QE is good for the gold price, gold stocks, and it is also good for the stock market. Could this be the readon why the S&P 500 jumped 4.3% and gold was up 11% in January? Meanwhile, the USS Index fell 1.4% in January and is down 3.2% from its latest elevation. Tags: Gold Price Trend, Gold Price Updates, higher gold price This entry was posted on Wednesday, February 8th, 2012 at 9:10 pm and is filed under Gold Price. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.



7 Stocks for a Well-Diversified Portfolio

XCSFDHG46767FHJHJF

tdp2664 InvestorPlace Variety is the spice of investment success. Here are a few suggestions for investors whose portfolios could use some new flavors.



A Higher Gold Price is The Best Reason For QE

AppId is over the quota Quantitative easing is the only solution, according to
the Federal Reserve, to help stimulate as well as keep the economy afloat. Is it
really the only solution? Should we even keep the economy afloat or let is fall
hard and rebuild from the bottom up? Whatever the case, they won't let it
happen. QE will come and the gold price will soar. What about Greece? How will
the United States' banking organization be affected by Greece and its
predicament? That is dependent upon what a Greek default looks like as
determined by the International Swaps and Derivatives Association (ISDA). Since
their founding in 1985, the ISDA has had as its goal the betterment of the
over-the-counter (OTC) derivatives market. Disbursed amongst 57 countries, there
are more than 800 affiliates. They employ a master agreement which is a
standardized contract. Initially originated in 1985, it became more structured
during the decade of the 1990s. When it began, the key OTC derivative was
interest rate swaps, but presently it includes many more derivative products
such as the credit default swaps (CDS). The Bank for International Settlements
(BIS) projects that world-wide there is approximately US $707 trillion notional
amount of derivatives as of June 30, 2011 which means this market is worth over
US $19 trillion. Why am I explaining what the ISDA is in reference to Greece?
Believe it or not, there is an agreement in the making which stipulates that
owners of private debt would receive only 30 cents on the dollar for their Greek
debt. Private banks hold roughly $260 billion of Greek debt. It has already been
agreed that these private debt owners will receive a 50% reduction in the debt
they hold, however, a reduction of a 70% arrangement does not exist.
Furthermore, new bonds would be issued with lower interest rates which basically
means that these banking institutions may have to lose significantly. Credit
default swaps are founding Greek debt and the ISDA has issued an order that as
long as any debt agreement is voluntary there would be no call on the CDS and
buyers of the CDS would not collect any payout. In the initial consideration,
the 50% cut was recognized as chosen and therefore there would be no payout.
However, now there is talk of a 70% slash which needs to be classified as
voluntary or forced? ISDA would need to think about that one. Jim Sinclair, a
well-known gold analyst, gave a brief sketch as to what constitutes a default
for the ISDA. The interview aired January 31, 2012 on the Elli$ Martin Report.
The CDS outstanding world-wide is approximately US $32.5 trillion notional value
where half is held by US banks. The following five banks hold 97% of CDS in the
United States and are prominent members within ISDA: • JP Morgan Chase •
Bank of America • Citibank • Gold man Sachs • HSBC Bank USA In fact, the
officials associated with the decision-making process that would conclude
whether a 70% debt cut for Greek debt is a default or a voluntary reduction are
the main issuers of CDS and Greek debt CDS. In regards to the financial
institutions that administered their debt by buying the hedge of CDS, they are
apprehensive and displeased that they may be obligated to lose 70% on their
holdings as well as be powerless to accrue on their hedge. The anxieties
Sinclair is demonstrating have merit because if the CDS owners are not capable
of yielding from their hedge, the indeterminate amount of trillions of dollars
worth of CDS that have been written by the 5 large banks before-mentioned will
vanish. The problem lies in that the future misfortune on the Greek debt plus
many others if the CDS hedges were declared a default would more than wipe out
the capital of these large banks. The thought of the true death of the US
banking system because of CDS is sufficient to frighten the biggest pessimist.
Consequently, the anxiety felt by Sinclair is reasonable considering that, as it
is, we're not getting the whole story. All is not lost, though. Maybe now we
can better comprehend the latest statements by Fed Chairman Bernanke. For the
next three years, interest rates are to be held more or less at existing levels
until 2014; another round of quantitative easing is right around the corner. The
swaps being negotiated between the Fed and the ECB are also a manner in which QE
is produced. What's happening, consequently, is infinite QE throughout the
world. This is not good for the US dollar. However, QE is good for the gold
price, gold stocks, and it is also good for the stock market. Could this be the
readon why the S&P 500 jumped 4.3% and gold was up 11% in January? Meanwhile,
the USS Index fell 1.4% in January and is down 3.2% from its latest elevation.
Tags: Gold Price Trend, Gold Price Updates, higher gold price This entry was
posted on Wednesday, February 8th, 2012 at 9:10 pm and is filed under Gold
Price. You can follow any responses to this entry through the RSS 2.0 feed. You
can leave a response, or trackback from your own site.

Fairfax Marketing Report including: Shanta Gold, EMED Mining,Randgold ...

Fairfax Marketing Report including: Shanta Gold, EMED Mining,Randgold ...
Proactive Investors UK - Feb 7, 2012 · French and Germany officials reiterated
yesterday that there would be no bailout unless the Greek political parties came
to an agreement.

Today’s Gold Price per Ounce; Silver Price per ounce; Copper Price per Pound; Price of Gold Silver and Copper News Today

XCSFDHG46767FHJHJF

dow2664 Gold, Silver, Copper Price Review Today: Primary precious metals fell lower across the board to end the last trading session of the week. Gold price per ounce, as well as silver and copper prices, closed out the last session red. Precious metal Gold, Silver, Copper Last Trade Close Review: April contract gold closed lower by .36 percent and posted an electronic last trade at 1725 per troy ounce. Although gold finished on the negative side of break-even last session, price trend-line for the yellow precious metal is positive over the course of the last several weeks. According to one month change analysis, gold price is positive by approximately 4.75 percent at this time. March contract Silver finished the last session red with an electronic price lower by .96 percent at 33.59 per troy ounce. Price trend-line for silver is positive by about 12 percent according to one month change analysis. March contract Copper finished the last session lower by 2.65 percent and posted a last trade electronic close price at 3.86 per pound. Price trend-line for Copper over the course of the last several weeks is posting positive. One month change analysis of copper price trend-line reveals positive slope by approximately 8.5 percent over this course of time. Camillo Zcuari



Today’s Crude Oil Price, Oil Price Per Barrel, Price of Sweet Crude Gas Price per gallon; Gas Oil Price trend News today

XCSFDHG46767FHJHJF

dow2664 Price of oil and gas market overview today: The price of oil and gas contracts finished the last session on the negative side of break-even. Volatility stemming from the Middle East continues to skew the price of oil specifically but sweet crude fell below the 100 dollars per barrel mark. Oil price per barrel and gas price per gallon last session close price review: Oil and Gas contracts closed the end of the week on the negative side of break-even for the last session. Light Sweet Crude for March delivery finished the last trading session in the red. Oil price closed lower by .76 percent and posted a last trade price at 98.67 per barrel. Light Crude price closed red last session and has posted negative trends over the course of the last several weeks as a whole. According to one month change analysis, sweet crude price trend-lines are negative by approximately 1.9 percent. Heating Oil March delivery closed the last session lower by .82 percent at 3.18 per gallon. Natural Gas March delivery closed the last session red by 1.39 percent at 2.48 per million BTUs. Unleaded Gas finished the last session lower by 1.26 percent at 2.97 per gallon. Camillo Zucari



Today’s Gold Price per Ounce; Silver Price per ounce; Copper Price per Pound; Price of Gold Silver and Copper News Today

Gold, Silver, Copper Price Review Today: Primary precious metals fell lower
across the board to end the last trading session of the week. Gold price per
ounce, as well as silver and copper prices, closed out the last session red.
Precious metal Gold, Silver, Copper Last Trade Close Review: April contract gold
closed lower by .36 percent and posted an electronic last trade at 1725 per troy
ounce. Although gold finished on the negative side of break-even last session,
price trend-line for the yellow precious metal is positive over the course of
the last several weeks. According to one month change analysis, gold price is
positive by approximately 4.75 percent at this time. March contract Silver
finished the last session red with an electronic price lower by .96 percent at
33.59 per troy ounce. Price trend-line for silver is positive by about 12
percent according to one month change analysis. March contract Copper finished
the last session lower by 2.65 percent and posted a last trade electronic close
price at 3.86 per pound. Price trend-line for Copper over the course of the last
several weeks is posting positive. One month change analysis of copper price
trend-line reveals positive slope by approximately 8.5 percent over this course
of time. Camillo Zcuari

LinkWithin

Related Posts Plugin for WordPress, Blogger...