London Gold Market Report
from Adrian Ash, BullionVault
Thurs 9 May, 07:50 EST
Gold “Still Bearish” as Western Buying “Cools”, But Indian Festival Demand Seen Matching ETF Outflows
SPOT GOLD PRICES slipped back below $1470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs.
Silver held above $24.00 per ounce, just shy of last week’s finish, as commodities slipped overall.
A rise in [...]
from Jim Willie CB:
NEW ASIAN TRADE ZONE
The division between East and West actually accelerated when the extremely ill-advised decision for Iran sanctions was made by an increasingly desperate United States Govt and its handler on the Southern Med. The division continues, matures, and develops with each passing month. It has become a story, as the Eurasia trade zone concept has been born. It has a long way to go, but Asia [...]
Next year, university graduates struggling to make student loan payments may be spared from writing checks to collectors.
That’s because, as Bloomberg reports, Rep. Tom Petri (R-WI) plans to introduce a bill which forces employers to deduct loan payments from wages in the same manner as taxes.
Under his plan, there would be a cap set at 15 percent of the borrowers’ income.
Similar versions of this system are in place in the U.K., [...]
President Barack Obama attended the summit to sell a US-based Trans-Pacific Partnership excluding China. He didn’t. The American led-partnership became a party to which no-one came.
Instead, the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand, will form a club and leave out the United States. As 3 billion Asians become prosperous, interest fades in the prospective contribution of 300 million Americans
This article is worth the [...]
AN ALLEGED Canadian spy has compromised Australian intelligence information in an international espionage case that has sent shock waves through Western security agencies.
Jeffrey Paul Delisle, a naval officer, is alleged to have disclosed a vast trove of classified information to Russian agents on a scale comparable to the alleged handover to WikiLeaks of United States military and diplomatic reports by US Army private Bradley Manning.
Sub-Lieutenant Delisle’s activities have been the [...]
China’s slowdown dragged Hong Kong’s retail-sales growth to the weakest pace since 2009 as shoppers visiting from the mainland cut back on purchases of luxury goods such as jewelry and watches.
Sales increased 8.8 percent in May from a year earlier to HK$36 billion ($4.6 billion), the government said on its website yesterday. That was the smallest gain since September 2009, excluding seasonal distortions each January and February.
The deceleration of Asia’s [...]
AUSTRALIANS and New Zealanders are the biggest recreational drug users in the world, according to the 2012 United Nations World Drug Report.
The use of ecstasy is in decline in Australia, but cocaine use is on the rise and Australians and New Zealanders consume more marijuana per capita than any other country.
Altogether, annual use among Australians and New Zealand for all drugs except for heroin “remain much higher than the global [...]
Super-telescope built from 3,000 dishes across three countries
Will cost $2 billion
Ultra-powerful machine will ‘see back to dawn of time’
Machine will process more than an ‘exabyte’ of data every day – more than the entire internet, and enough to fill 15 million 64GB iPods every day
More powerful than a million of today’s fastest PCs
Machine will output 100 times more information than Large Hadron Collider
The world’s biggest and most advanced radio telescope, [...]
A look into Erin’s soul… and her “heart” from Men’s Health mag just a few years ago. http://www.menshealth.com/best-life/schedule-saving-travel-tips EIGHT WAYS TO IMPRESS ME – Erin Burnett 1. Pack Your Bags
Any guy who can plan a trip to an exotic locale, such as Mongolia, Mozambique, or Papua New Guinea, would impress me.
2. Buy Me a New Atlas and Globe
You could unlock my heart by allowing me to dream up my next trip. [...]
As you’ve probably heard by now, this is shaping up to be a landmark week for the Fed, which holds a two-day policy meeting starting Tuesday.
In addition to Ben Bernanke’s first-ever press conference on Wednesday, the fate of the Fed’s quantitative easing program is likely be decided at this week’s FOMC meeting.
The Fed’s $600 billion QE2 program is widely expected to end on June 30, as [...]