Tuesday, 26 July 2011
Apple Shares Break $400
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Deutsche appoints two co-CEOs
ReutersVideo on Jul 26, 2011
July 26 - Deutsche Bank and UBS are preparing for difficult times ahead. Deutsche's two new co-CEOs will have to deal with future weakness in the core investment banking division, while the Swiss lender UBS is due to slash jobs and costs after poor trading in its investment bank business. Joanna Partridge reports
Are you psychotic? Here's your dose of debt!
RussiaToday on Jul 25, 2011
Watch the full Keiser Report E167 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, look at the one in 66 Americans now classified as psychotic and the matter of 'selective default' as the over-prescribed anti-psychotic medication for financial markets. In the second half of the show, Max talks to Adrian Salbuchi about the similarities between the financial attack on Greece and what happened to Argentina in 2001/2002.
KR on FB: www.facebook.com/KeiserReport
Bob Chapman - Financial Survival 25 July 2011 [FULL]
by BobChapmanChannel on Jul 25, 2011
go to http://bobchapman.blogspot.com
for more Bob Chapman video
Bob Chapman - Financial Survival 25 July 2011
Bob Chapman : there was vicious attacks on gold and silver today , nothing unusual , tomorrow we can expect upside move in silver , no matter what happens with the deft deficit ceiling gold and silver will go up anyway , gold and silver are going to continue to move up there is great dynamic in here
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
China Enters Silver Futures Market
China Enters Silver Futures Market
Published on:
Monday, July 25, 2011
Written by:
Keith Fitz-Gerald
http://www.nuwireinvestor.com/articles/china-enters-silver-futures-market-57540.aspx
A New Catalyst for Silver Prices
The Hong Kong Merc's entry into the silver-futures market is a game-changer - for a number of reasons. For one thing, the emergence of a new market player will effectively neuter U.S. elitists like those at the Chicago Mercantile Exchange (CME).
I specifically mention the CME because that exchange unilaterally raised margin requirements on silver by nearly 100% in a mere eight days this spring - after silver prices had risen roughly 150% between late August and the end of April. The CME action helped cause silver prices to plunge by 30% from its recent highs.
It hasn't recovered. [ Silver was still trading in the $39-an-ounce range as of yesterday (Thursday), according to
Longer-term - and probably even more significantly - this move will help investors in China and India buy into bullion. In fact, this will be the first time Chinese (and many Asians in the surrounding markets) can purchase silver-futures contracts and, by implication, take delivery. Historically, investors in those markets had to purchase CME-based contracts that are standardized and traded through the Hong Kong Futures Exchange - in accordance with the Chicago-based CME.
In case you aren't familiar with them, futures contracts require the buyers to be prepared to take ownership and delivery when the contract comes due. Like any other "contract," futures are legally binding agreements for delivery of the underlying asset (in this case silver) at an agreed-upon future date and at an agreed-upon price. Further, they are standardized by futures exchanges with regard to quantity, quality, time and the place of delivery.
Only the price changes, which is why futures contracts can offer more financial flexibility, leverage and financial integrity than trading the underlying physical assets themselves.
Asia is already becoming a bigger factor in the silver market. From 2008 to 2010, silver demand soared 17% globally - including 67% in China alone (reaching 7,495 metric tons), according to the Hong Kong Merc. In fact, China accounted for nearly 23% of global silver consumption last year ...
That makes the new futures contracts an even bigger deal than most investors have yet to realize.
- As the U.S. dollar weakens further - and as China's financial power grows - you can bet that country and its individual investors will escalate their purchases of hard assets. This escalating demand will translate into higher prices for silver. More than 20 of the Asian region's most respected and well established
financial institutions and brokerage houses are already members of the Hong Kong Mercantile Exchange. And that list will grow as trading volumes expand.
I am expecting volume to grow rapidly. And I believe the Hong Kong Merc has the same expectation. Indeed, the exchange's own advertising conveys this ambition: The ads talk about the "new force in global-commodity trading" and refer to the allure of "Chinese access, Asian pricing and global risk management."
The new HKMEx silver-futures contract provides for 1,000 troy ounces (30 kilos), with delivery at specified depository facilities in Hong Kong. This makes it considerably smaller than the 5,000-troy-ounce contract traded on the CME, meaning it could be quite a bit more liquid - which was absolutely the intent.
"The new contract will enable buyers and sellers in China to trade effectively with their counterparts across the world," said HKMEx President Albert Helmig, "while at the same time, allowing investors to gain exposure to silver-price movements and broaden their
http://www.nuwireinvestor.com/articles/china-enters-silver-futures-market-57540.aspx
Silver Update 7/24/11 FOFOA Part 9
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Silver Update 7/19/11 - Caught in the act
Uploaded by BrotherJohnF on Jul 19, 2011
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
110725 - Hyper Report
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Wall St nervous about debt deadline
ReutersVideo on Jul 25, 2011
July 25 - New Yorkers heading into work in the financial district expressed concern about Washington's debt negotiation impasse, but some remained confident a deal will ultimately get done without much damage to Wall Street sentiment. Conway G. Gittens reports.
Jim Rogers Blog: Latest WSJ Video Interview, July 25
Jim Rogers Blog: Latest WSJ Video Interview, July 25: "Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New Yor..."
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
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