Silver and gold have sold off recently but still hover quite a bit above their 2013 lows. Investors are wondering if the metal should be bought as the…
Silver and gold have sold off recently but still hover quite a bit above their 2013 lows. Investors are wondering if the metal should be bought as the Federal Reserve signals no stop to their bond buying program known as quantitative easing (QE). The charts probably give us the most unbiased view of where these metals are going. Neither chart looks healthy. Looking at the charts of the SPDR Gold Trust (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV) shows the ugly reality. Recently both charts have broken to the downside below major trend line support. The 2013 lows are all but a lock at this point and gold still has a chance over the next year to hit $1,000 an ounce. Gareth Soloway InTheMoneyStocks.com
Shutdown summit: Obama invites top Hill leaders to White House
(Photo: Larry Downing / Reuters)
House Speaker John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi and Senate Minority Leader Mitch McConnell, set for meeting at 5:30 p.m. ET.
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Now that the long overdue (and predicted) contagion from the cash market has hit repo, things are going from bad to horrifying. Following overnight news that HK is hiking haircuts on Bill collateral, and with increasingly more counterparties now segregating what collateral is eligible, if not shutting down the bill market outright, suddenly the universe of eligible repo market securities has imploded. It also means the overnight repo rate, as we said on Monday would happen, is exploding. Moments ago ICAP reported, via SMRA, that the general collateral overnight rate has nearly doubled from 0.15% to 0.27% and rising.
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Earlier in the month we wrote about the announcement of the Panasonic health sale to private equity firm KKR. The sale has now been finalized, KKR will own 80% of the Panasonic healthcare unit for a price of $1.67 billion an Panasonic will hold the remaining 20%. Panasonic has lost more than $7 billion a year for the last two years on their healthcare unit. The chief executive of Panasonic when asked about his thoughts on KKR said, "We believe that partnering with K.K.R will also allow us to learn from K.K.R.'s global operational and business management expertise as we pursue the next stage of growth for Panasonic." KKR's founder Henry Kravis said in a statement that Japan was, "a very important and attractive market for K.K.R., and our experienced tam on the ground in Japan looks forward to leveraging KKR's Global expertise experience." Other notable leaders on KKR's global team include former General David Petraeusand former RNC Chairman Kenneth Mehlman.
http://aclassasset.blogspot.com/2013/10/kkr-and-panasonic-agree-on-price.html
Alioune and Moustapha Ndoye, two brothers from Senegal, decided to move back to their homecountry from the U.S. to start their company Xtreme Design and Engineering. It seeks to build innovative solutions for Africa’s growing hospitality industry.
After completing their engineering studies in...
“The entry of these leading financial institutions indicates the increasing attractiveness of the emerging consumer segment – the millions of people eager to join the middle class but who are not there yet,” said Andrew Kuper, LeapFrog Investments’ president and founder.
“There are 1.9 billion emerging consumers in LeapFrog’s target regions, and their spending power is forecast by McKinsey & Co to rise from $2 trillion today to $5 trillion in the coming decade. Financial services are crucial springboards for households and businesses, but access is very limited. LeapFrog backs the best companies to serve this vast and untapped market.”
Dominic Liber, who leads LeapFrog’s investments in Nigeria, said,
“Nigeria and the broader West African region have been priorities for LeapFrog from the start, and via this new fund we expect to be making new investments in leading Nigerian financial service companies.”
Wake up, there is money to be made! This morning, both of our member services (theResearch Center and Intra Day Stock Chat) are seeing gains in their accounts.
1st: The Research Center, which is where swing traders and those who are looking to hold positions for days to weeks reside. Research Center members were alerted to enter a currency trade utilizing an ETF, which could have also been traded through other FOREX instruments last week. Today, the first profit target was hit, profits earned, and now members have a breakeven stop in place while they sit back and wait for more gains. 2nd: The Intra Day Stock Chat, during the live trading session this morning, members were alerted to some great trades and earned great profits. Don’t hear it from us, take a look below at what some members posted to our Facebook fan page wall… Try both services for 7 free no obligation days right now, click here
This is a review of the weeks news in the financial market as well as tips for investing and managing your financial assets.
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