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Gold

Global Financial Report, Shayne Heffernan

Having hit recent lows at the end June, so called risk assets have recovered most of those losses, but there are some noteworthy deviations that strongly suggest caution remains.
Measuring the rebound, the S&P 500 has recovered the majority of its losses since the end of June, and is now eagerly re-testing the key 1075/80 breakdown [...]

Red Shirt Terror Suspects Arrested in Bangkok

The Bangkok Department of Special Investigation (DSI) issues a statement on Friday night that it has arrested an former policeman and another suspect who has confessed that they were hired to attack the Temple of the Emerald Buddha with RPG rockets.
DSI chief Tharit Pengdit said Pol Lance Corporal Bandit Sitthitum, 43, and Supanat Ui-yawet, 43, [...]

Asean Markets to Trade Higher

The MSCI index of Asian shares outside Japan rose 0.58 percent to their highest level since June 2008 while the MSCI index of global stocks.
Asian stocks rose and neared 22-month highs on Thursday after U.S. tech and financial firms beat earnings forecasts and China’s accelerating economic growth underpinned hopes of a broad, global economic recovery.
A [...]

Paul Ebeling on Apple, Inc (APPL), Citigroup, Inc.(C), McDonald’s Corporation (MCD), and Visa, Inc. (V)

US stocks clocked a 5th straight day of gains Wednesday and the S&P 500 pushed past 1,200 for the 1st time in 18 months.
JPMorgan was the top percentage gainer on the Dow, up 4% to US$47.73, followed by Bank of America Corp, which will report on Friday, and rose 3.9% to US$19.40, and Intel rose 3.3% to US$23.52.
The DJIA closed + [...]

JPMorgan Chase & Co Outperform

JPMorgan Chase & Co., the second- biggest U.S. bank by assets, beat analysts’ estimates as first- quarter earnings rose 55 percent on record fixed-income trading revenue and a reduction in provisions for credit losses.
Net income climbed to $3.33 billion, or 74 cents a share, from $2.14 billion, or 40 cents, in the same period [...]

ASEAN AFTA Free Trade Meeting

Despite this week’s ASEAN summit being dominated by issues surrounding Burma and the domestic tensions in Thailand, the group’s finance ministers did get another opportunity to discuss the goal of an integrated free trade area within five years.
Critics say the likelihood of realising a South East Asian bloc with free movement of goods, labour and [...]

China-ASEAN Free Trade Agreement

China will lend at least US$1.8 billion (S$2.5 billion) in soft loans to Indonesia as part of its free trade agreement with the 10-member Association of Southeast Asian Nations (Asean), a minister said on Saturday.
The China-Asean Free Trade Agreement, which imposed zero tariffs on a range of goods, came into effect in January and has [...]

Asian Markets Rally

Asian stock markets rose today as the weak U.S. dollar spurred overnight gains in commodities, boosting mining stocks in the region.
Market performance in Asia in the first quarter has been mixed, with the Asia ex-Japan stock rally largely stalling after surging 68 percent in 2009, held back by worries that the global economic recovery and [...]

Gold prices on the rise

The benchmark contract for Gold rebounded +2% to 1105 as the “Greenback” weakened. Precious metals with heavier industrial exposures rallied even more.
The USD tanked against major currencies yesterday and the Dollar index fell for the first time in 5 days to 79.24.
Silver soared +2.9% to 16.66 as strength in the manufacturing sector will likely probably [...]

Gold edges up encouraging consumer confidence

Gold futures on the New York Merc ended a bit higher Tuesday as stock markets continued to rise on Bullish consumer confidence, Silver and Platinum slid South.
The most active Gold contract for February delivery gained US$2.60, or 0.2%, to finish at US$1,098.30 oz.
The US dollar climbed sharply overnight after a some of negative economic events [...]