LATEST NEWS : PRECIOUS-Gold rises, global growth worries spark safe-haven bids

Gold extended gains to a third session on Wednesday as growing concerns over the global economy prompted safe-haven bids, while the return of top consumer Chinafrom a week-long holiday also lifted prices.Other safe-haven assets such as bonds and the Japanese yen also got a boost as Asian stocks fell and oil prices were mired near […]

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High-frequency trading critic Chilton joins HFT lobby effort

Former CFTC Commissioner Bart Chilton, who famously blasted high-frequency traders as “cheetahs” when he was a regulator, has gone to work with a leading high-frequency trading association, the group said Thursday. The switch is a dramatic example of a regulator becoming a paid consultant for an industry he once criticized—and it says as much about […]

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LATEST NEWS : JPMorgan in talks to buy Argentine holdout bonds, among other options: DJ

JPMorgan is discussing the possibility of buying Argentina’s sovereign debt from a group of dissident bondholders, Dow Jones reported on Thursday, citing sources familiar with the matter. The South American nation is fighting a court decision that determined it must treat all bondholders the same, despite a massive restructuring agreement stemming from its default more than a decade […]

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LATESt NEWS : Paul Singer: This threat is 'head-and-shoulders' above all others

Billionaire hedge fund manager Paul Singer has issued an unusual warning for investors, calling the threat of a widespread blackout from an electromagnetic surge the “most significant danger” in the world. continue reading at cnbc.com

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China to allow direct yuan, New Zealand dollar trades

China has allowed direct domestic trading of the yuan against the New Zealand dollar to encourage such trading as it internationalizes the Chinese currency. The move, announced on Tuesday by the central bank during a visit by New Zealand Prime Minister John Key to Beijing, comes after China doubled the yuan’s trading band over the […]

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Gold sets fifth straight weekly gain; ends $1,264

Gold settled higher on Friday as the dollar whipsawed and a global flight from emerging market assets set global stock markets on course for their worst week so far in 2014. The U.S. currency remained wobbly after registering its biggest one-day drop in three months on Thursday. Spot gold hovered near $1,265 an ounce, retreating after […]

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Can Brazil battle its economic headwinds?

“Should Brazil’s inflation, slowing economic growth and the political risk put investors off? Not necessarily, according to one Latin America analyst. “I think the long-term fundamentals in the country are still quite good, when you’re looking ahead five to 10 years. It’s not just about the growth rate, it’s about the markets and where the […]

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Gold exchange mulled

“Seven local gold futures dealers have proposed the central bank and capital market regulators set up a spot gold exchange to enhance Thailand as a regional gold trading hub. But Kritcharat Hirunyasiri,… ”   Continue reading on bangkokpost.com    

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Why Bernanke may have ended gold's bear market

“When Ben Bernanke announced that the Federal Reserve would not reduce the pace of its $85 billion-per-month quantitative easing program, gold greeted the news with open arms. The yellow metal promptly added more than $50 after Wednesday’s news to hit the highest level in a week. But Peter Boockvar says we’ve only seen the beginning […]

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So Long Middle Class – Obama's World Sees Only Rich and Poor

“His words say one thing yet his policies say another.  If you aren’t listening closely you might not hear the contradiction in everything Obama says and does.  Not only recently with the erratic and mystifying policy with Syria, but just about every day with his speeches about “income inequality”, “the richest 1% not paying their […]

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