May 17, 2012 -- Updated September 10, 2011 13:01 HKT
Gold
Asia Trading Update, Currencies, Gold, Oil, Equities
Live Asia Update from LTN and HCM Leaders in Financial News and Services in Asia Energy producers lost 1.3 percent, the biggest drop among 10 industries in the index. South Korea’s Kospi index retreated 0.3 percent and Australia’s S&P/ASX 200 Index (AS51) slid 0.7 percent. Japanese markets are closed for a holiday. The Hang Seng [...]
Gold, Silver and Oil Trading Technical Report
The Overall All Fundamentals Headline inflation in the US rose +2.9% Y-Y in January, compared with consensus of +2.8% and December’s +3.0%. Earlier this month, US data came in better than expected. US’ initial jobless claims fell -10K to 348-K in the week ended 11 February. The market had anticipated a rise to [...]
Hang Seng Index at 6 Month High
Hong Kong shares closed higher on Friday, the highest in 6.5 months, tracking gains in US stocks on robust economic data and signs of progress in Greece’s efforts to avoid debt default. Hong Kong stocks rose 214.34 pts or 1.01% to close at 21,491.62 Friday. The benchmark Hang Seng Index traded between 21,381.69 and 21.546.73. [...]
Hua Hin International Film Festival a Success
Hua Hin International Film Festival a Success The 1st Hua Hin International Film Festival proved to be a huge success as Producers, Actors, Directors, Financiers and Studios came together from around the World to gather in the Resort Town of Hua Hin. Held at the spectacular InterContinental Hua Hin Resort the event celebrated and showcased [...]
US Agriculture: after the Closing Bell Report
US Agriculture: after the Closing Bell Report Wheat saw a boost today from fresh demand news, as USDA announced a daily sale of 120,000 metric tons of hard Red Winter Wheat to Nigeria for Y 2011-12. For the week, Wheat posted Strong gains. Wheat needs follow through buying early next week to signal a near-term [...]
AUD/USD Great Buying Sub Parity
Reserve Bank of Australia deputy governor Ric Battellino said Australia was now more tied to the fortunes of China than the United States and Europe, and the outlook for the Asian giant remained strong. “China has maintained strong growth in the face of the US recession and the sluggish recovery,” he said. “The latest batch [...]
Miners Lead in Asia Sell Off
At the close of trade in Sydney, BHP Billiton was down $1.50 or 4 per cent, at $35.63, and Rio Tinto was down $4.49, or 6.45 per cent, at $65.10. Santos shares were down 37 cents, or 3.22 per cent, at $11.12, while Woodside shares were $1.15 lower, or 3.4 per cent, at $32.53. European [...]
Venezuela Nationalizes Gold
Chavez nationalizes Gold industry Venezuelan President Hugo Chavez ordered the nationalization of the Gold industry and gave companies 90 days to form Joint Ventures with the state as he seeks to boost control over the Nation’s metals producers. The government will hold at least 55% of any Joint Ventures, according to a decree in today’s [...]
Junior Gold Miners a Buy
Many of us are watching Gold’s rally. Many are saying it is a craze and is running out of momentum, it is not IMO, as most of you know I cover Gold twice a week in my Gold, Silver and Crude Oil report at www.livetradingnews.com and the overall Technicals are supported by the Fundamentals and [...]
Gold, Silver and Crude Oil
Gold, Silver and Crude Oil Trade in Crude Oil, which shed 2% to close at 87.24 bbl, was driven by economic concerns, as well as strength in the USD. The futures traded to their lowest levels, at 85.64, in mid-morning trade, but managed to bounce close to 2 pts off those lows heading into the [...]
Investor Services
Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …
US President Barack Obama’s bank of choice, JP Morgan Chase (NYSE:JPM)
JPMorgan Chase & Co. according to US President Obama, despite the bank’s recent $2-B trading, is …
The Hot List
Sky Power Solutions Corp (OTC:SPOW), INDOCAN RESOURCES INC (PINK:IDCN), JP Morgan Chase (NYSE:JPM)
Sky Power Solutions Corp (OTC:SPOW)
Looks way oversold this morning, there has been what appears to …























