Today’s AM fix was USD 1,469.50, EUR 1,118.68 and GBP 944.59 per ounce.
Yesterday’s AM fix was USD 1,454.00, EUR 1,108.74 and GBP 939.09 per ounce.
Cross Currency Table – (Bloomberg)
Gold climbed $20.60 or 1.42% yesterday to $1,472.60/oz and silver finished nearly unchanged -0.08%.
Jewellers across the world are seeing a surge in jewellery purchases because consumers are taking advantage of the price drop and purchasing investment pieces that will grow in [...]
China Local Government Debt to Reach 16.3 trillion Yuan in 2013
“As China’s local governments cash in on real estate development, they’re amassing a lot of debt at the same time.
Huatai Securities, a major Chinese securities broker says local government debt could reach 16.3 trillion yuan this year. That’s around $2.5 trillion US dollars, and almost 30% of China’s GDP.”
“The threat of a banking collapse is very real concern for the [...]
Rumours of military coup in Eritrea
According to reports, a group of soldiers have launched what may have been a coup attempt in Asmara, forcing state TV off the air.
Michael van Poppel ‏@mpoppel
AFP: Eritrean Troops Besiege Mutineers Inside Information Ministry
Reports from Eritrea say a group of about 200 soldiers have surrounded the ministry of information in the capital, Asmara.
State TV has also reportedly been taken off air in what some [...]
He has been plagued with questions and doubts concerning his background throughout his first term as President.
Questions like – is Barack Obama actually American? Is he a Muslim? Is he actually an alien from another planet? – have frequently been asked.
The next question circulating on the internet – has President Obama had brain surgery?
President Obama meeting comedian George Lopez as the First Lady looks on. Some observers believe this image [...]
Venezuelan intelligence officers have raided the home of a Twitter user suspected of spreading destabilising rumours about the health of Hugo Chávez ahead of an inauguration that the ailing president looks increasingly unlikely to attend.
The alleged microblogger, Federico Medina Ravell is the cousin of a prominent opposition figure, prompting concerns that a long-simmering “information war” could be escalating as the government and its opponents try to fill the vacuum left by a [...]
Rumours of large hairy ape-like creatures roaming through the forests of North America have sparked curiosity and debate for decades.
And the latest possible sighting of Bigfoot by Beard Card on a camping trip with three of his siblings in Provo Canyon, Utah, has triggered just as much interest.
Mr Card says he spotted what appeared to be a black bear shuffling about behind trees near Squaw Peak and Little Rock Canyon [...]
Republicans are bracing themselves for Gloria Allred to make a potentially damaging revelation about Mitt Romney, just weeks before the election.
The pro-President Obama lawyer is rumoured to be preparing for her so-called ‘October surprise’ in which she will strike the Republican presidential hopeful’s chances by unearthing some sort of secret or scandal.
Ms Allred has refused to comment on the rumours, which first surfaced in a tweet by the Drudge Report’s [...]
This year’s Nobel prize season kicks off Monday with rumours suggesting the peace prize could go to Egypt’s Maggie Gobran for helping Cairo’s poor, Afghan burka opponent Sima Samar or US scholar Gene Sharp.
The first Nobel to be announced this year will be the medicine prize on Monday, when the jury in Stockholm reveals the winner or winners around 11:30 am (0930 GMT.)
Like every year, most of the speculation in [...]
We are, if the rumours are to be believed, only weeks away from an official unveiling of the next iPhone.
But a phone company has leaked what it claims is the official front cover of Apple’s soon-to-be-released upgrade to its iPhone range, which appears to confirm a larger screen for the bestseller.
This could be Apple’s response to other phone companies, who increasingly provide larger ‘widescreen’ displays for their top models.
Phone repair [...]
Hearing rumours that the Swiss National Bank has been selling euro – could be one reason for the sharp euro drop in last few mins
Wife Sandi Jackson dispels rumours husband tried to commit suicide and is receiving drug treatment
Illinois Congressman has been out of office for nearly eight weeks
His office has remained tight-lipped over his whereabouts
Medical leave comes during ethics investigation over then-Senator Obama’s vacated U.S. Senate seat
Congressman Jesse Jackson Jr. is suffering from debilitating depression and even collapsed at his home in Washington two months ago it’s been revealed after his office and [...]
September 21st? Rumours are suggesting an earlier than anticipated launch for Apple’s iPhone 5
The iPhone 5 will ship to eager Apple fans on Friday, September 21, according to sources close to Apple.
A Chinese source leaked the release date to a French website called App4Phone yesterday, providing the specific date.
The source also confirmed the new controversial port on the base of the phone, which will make older accessories obsolete unless a [...]
Calls from a Bahraini Sunni cleric urging President Mohamed Morsy to destroy the Giza Pyramids were issued from a parody Twitter account online, the Daily News Egypt has learned.
Several right wing online portals ran with the controversial news as a means to raise alarms over the rise of an Islamist-led government in Egypt and its threat to rich historical sites. According to the rumours, Shiek Abd Al-Latif Al-Mahmoud denounced the [...]
Attractive Hyon Song-wol’s has been pictured accompanying the North Korean leader to a string of official engagements
Her hits include ‘Excellent Horse-like Lady’ ‘I Love Pyongyang’ ‘Footsteps of Soldiers’ and ‘We are Troops of the Party’
South Korean intelligence believe pair became romantically involved about 10 years ago but father ordered him to end the relationship
The mystery woman pictured accompanying North Korean leader Kim Jong-un to a string of official engagements is [...]
Young and old residents of the Chinese metropolis of Wuhan were advised to stay indoors on Monday after a thick haze blanketed the city of nine million people, official media said.
Described by residents as opaque with yellowish and greenish tinges, the fug descended suddenly in the morning, prompting people to rush to put on face masks, witnesses told AFP.
The official Xinhua news agency quoted the environmental protection department of Hubei [...]
It has been abundantly clear that Spain would need a bailout for its sick banking system, and rumours have emerged that this could happen as early as this weekend. I doubt that the details of a plan will be agreed so soon as an independent stress test of the Spanish banking system is still being carried out by Oliver Wyman/Berger (results due June 18th). Much more likely, EZ leaders will [...]
Gold’s London AM fix this morning was USD 1,548.75, EUR 1,244.98, and GBP 995.41 per ounce. Yesterday’s AM fix was USD 1,573.75, EUR 1,254.48, and GBP 1,003.67 per ounce.
Silver is trading at $27.75/oz, €22.39/oz and £17.87/oz. Platinum is trading at $1,416.25/oz, palladium at $597.75/oz and rhodium at $1,275/oz.
Gold fell 0.89% or $14.00 in active trading yesterday and closed at $1,558.80/oz. Gold fell marginally in Asia but remains in a tight [...]
1. The Board issues a statement accusing bloggers of spreading both irresponsible and factually incorrect rumours as the bank is sound and has no need of new capital.
2. The Bank issues a statement of confidence in its management.
3. The Bank tries to raise more private capital in spite of it having no need for it.
4. If this does not work the relevant government(s) express(es) complete confidence in the bank and [...]
New console ‘twice as powerful as Xbox 360′ – reports
New model of controller has classic dual joysticks
Console due out by end of 2012
Will be unveiled at games show in Los Angeles
A leaked picture of what’s claimed to be the final model of the controller for Nintendo’s new ‘Wii U’ console, due out this Christmas shows a hi-tech iPad-like device.
The ‘second screen’ now also sports classic dual-joystick controls, hinting that Nintendo [...]
Apple has registered iPhone5.com domain name, amid rumours that the next model of the mould-breaking smartphone will be the final model designed by late founder Steve Jobs.
The tech giant filed a case with the World Intellectual Property Organisation to wrest control of the internet address, which had been used by a Apple fan forum site.
The move comes ahead of rumours that Apple is gearing up to release the next incarnation [...]
It would seem that Newsweek’s latest cover showing President Obama with a rainbow halo declaring him ‘The First Gay President’ is not merely attention-grabbing but historically inaccurate too.
Critics and history buffs, quick to scorn the sensationalist cover, have pointed out that James Buchanan was likely the first homosexual President more than a century ago.
Rumours about Buchanan’s sexuality have circulated with historians determining that the fifteenth leader of the U.S was [...]
An Arizona man has beaten the odds to win $1 million cash prizes in the lottery not once but six times.
The man bought his tickets for the April 25 multistate lottery game at a QuickTrip store in Glendale, hand-picking the same numbers six times.
News of the win spread round the city in the days after the draw after it was announced that only one of the tickets had been claimed, [...]
With the iPhone and the iPad, Apple has established dominance in the world of both smartphones and tablet computers.
But that may not be enough for the world’s biggest company, as it is reportedly set to launch a mid-sized ‘iPad Mini’ which would combine elements of both its blockbuster devices.
The new gadget could be ready as soon as autumn in a bid to compete with tech rivals Samsung and Microsoft.
iPad: The [...]
The Epoch Times has a section: ”Chinese Regime In Crisis” with several articles:
One such article:
The Ouster of Bo Xilai Is Only the Beginning
Chinese Coup Rumors Run Wild Online, Then Disappear
CNN: Why Chinese Succession Matters
Here’s the most interesting news of today:
Rumours of power struggle in China, as the current generation of leaders is passing power to the new… Some may end up on house arrest, sent to a labor camp, or sent to administer some small town in Tibet or near Mongolia. Probably no executions this time around, though.
The Epoch Times has a section: ”Chinese Regime In Crisis” with several articles:
One such article:
The Ouster of Bo Xilai [...]
Macquarie used to specialize in leveraged buy outs (LBO) and are basically
geared up to their eyeballs in unsurmountable Debt.
I had been a longtime Investor in “Australia’s largest Investment Bank”
Macquarie Bank, MQB back in 2007 when they had been the first to start that now infamous LBO Model,
private Equity Deals financed by taking on huge Debt then putting them into some ETF
a bit like Mitt Romney at Bain. They bought Thames Water and [...]
I found an article about the German reform from Reichsmark to D-mark.
So now came the D-mark. But what happened with saved assets, mortgage loans, other debts or assets? Immediately an escape into asset values set in when the first rumours of a future currency reform began to reach population in April 1948. But since no one knew much about it the reaction remained rather restrained. Only when the D-mark was [...]
US authorities say former Liberian leader Charles Taylor worked for its intelligence agencies, including the CIA, the Boston Globe reports
January 21, 2012
… Rumours of CIA ties were fuelled in July 2009 when Mr Taylor himself told his trial, at the UN-backed Special Court for Sierra Leone in the Hague, that US agents had helped him escape from a maximum security prison in Boston in 1985.
… Globe reporter Bryan Bender told [...]
RIGA, Latvia - Latvia’s largest bank scrambled Monday to head off a run among depositors who were gripped by rumours of the bank’s imminent ruin.
Weekend rumours that Swedbank was facing legal and liquidity problems in Estonia and Sweden sent thousands of Latvians to bank machines on Sunday, with some lines reaching as many as 50 people.
Latvians are particularly sensitive to speculation about banks’ health. Latvijas Krajbanka, the country’s 10th largest bank, was nationalized last month after regulators discovered evidence [...]
Italy’s borrowing costs have hit new euro-era record highs this morning. 10-year Italian government bonds are now yielding more than 6.6%, With Bloomberg Warning That The Country Is Heading Down The Same Path Taken By Greece, Portugal And Ireland.
By way of comparison, Germany is able to borrow for 10 years at 1.76% (a paltry return for investors, given that eurozone inflation is currently running above 3%. But then, traders have made [...]