Month: November 2011

Nov. 15 (Bloomberg) — Akshay Kothari, co-founder of news-reader software company Pulse, talks about the company’s application featured on Amazon.com Inc.’s Fire tablet. He speaks with Emily Chang on Bloomberg Television’s “Bloomberg West.” Cory Johnson also speaks. (Source: Bloomberg)

Nov. 16 (Bloomberg) — Brian Marshall, an analyst at ISI Group in San Francisco, talks about Apple Inc.’s business outlook and stock valuation. Apple beefed up its board by appointing Art Levinson as chairman, filling a vacancy left by the death of Steve Jobs, and adding Walt Disney Co. Chief Executive Officer Robert Iger as a director. Marshall speaks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)

Nov. 16 (Bloomberg) — Fan Cheuk Wan, head of Asia-Pacific research at Credit Suisse Private Banking, talks about regional stock markets. Fan also discusses the outlook for Hong Kong’s economy, and the impact on Europe’s sovereign crisis on Asian financial markets. She speaks with Rishaad Salamat, Susan Li, John Dawson and Zeb Eckert on Bloomberg Television’s “Asia Edge.” (Source: Bloomberg)

Nov. 16 (Bloomberg) — Salvatore Ferragamo Italia SpA Chairman Ferruccio Ferragamo talks about the luxury goods market in Asia and the challenges facing Italy’s prime minister designate Mario Monti. Ferragamo speaks with Francine Lacqua on Bloomberg Television’s “On the Move.”

I want to start with the bullet – becoming a trader with Forex does not mean a passenger ticket for “Titanic.” You don’t have to drown, and you CAN make enough money for living by trading. If you are an unbeliever, you better open another page in a browser. This article is the message for the dreamers… Of course, we are not dreaming at such a big-scale the way Ozzy Osbourne does with his magnificent “Dreamer” song, but we dream to become a profitable trader. Encouraging, isn’t it?

No secret that all success starts with a thought and a dream. So it was concerned with Wright brothers (build first plane) or Karl Benz (a first automobile inventor). They followed their dream taking all the risks necessary, being laughed at, and misunderstood by friends and beloved. Why? Probably, because other people failed to live their dream and didn’t overcome the obstacles in the way. Every dream has wings, and it’s you who must have enough courage to fly it!

It may be too pathetic, but vital to understand. Along my own way with Forex, I am still meeting too many traders who fell. Those, who once had a dream, became angry and lost heart. STOP! You mustn’t deny the reality – it’s possible to make it in trading! That is why I wrote this article and put three vital tips in it, which are destined to make your Forex journey successful.

Ride the wings of your dream!

Like attaining a black belt in karate, trading is not easy and sometimes painful along the way. Except you won’t have bruises with Forex. However, like in karate, with trading you must get as much as possible from your pain. Let it teach you and learn from it. Have you seen “Die Hard”? All the planet must have seen it. My message from Bruce’s rather bloody massacre is concrete – keep going even if you are pushed back by fear. Pronouncing your dream as abracadabra and writing it down on paper will not help you to achieve it.

Write a plan and stick to it!

If you are passionate about step one and ready for beneficial trading, that passion will definitely lead you to having a plan or a considerable strategy. Most traders I talk to don’t even do the first step. If I accidentally meant you, then don’t even finish reading the article and start writing a trading plan! Until you are done and some trading pal of yours checked it out, don’t take any trades. Next tip comes with consistency – got the plan so stick to it. It’s not just a crib which students write to pass an exam. Your plan shows which areas of your strategy need to be working on. If you don’t know the problem, you faced, how will you learn? Brutal, but true. Your plan distinguishes what is wrong and needs to be fixed.

Never back down!

As you once set off for a FX trading journey, you may feel like giving up even before you reach “the banks of gold.” I felt so indeed…, but people are different. Just learning the strategies and techniques is far from being a student of trading and learning. These things really take time to master. Personally, I studied through “battles” – hard it was because I didn’t follow my plan and neglected the principles I knew were true. That does not mean that you will do the same mistake.

Now, I hope you are inspired enough to pull yourself out for a thoughtful action. Trading is not a quick way to riches, as all worthy things in life demand more time and efforts.

“The person who gets the farthest is generally the one who is willing to do and dare. The sure-thing boat never gets far from shore,” – one of the famous Dale Carnegie’s quotes says.

Why not believe a guy whose books are being sold in million copies and teach the whole world on how to live.

Written by Alexander Collins from Forexeasystems. If you are interested in trying Forex strategy for your Forex trading, it is time to pay attention to. Another benefit – you can find some Forex freebies at http://www.forexeasystems.com/.

Source: http://www.retireyoungandwealthy.com/3-inspirational-forex-tips-for-life-and-success/

Join Forexeasystems on Google+ at https://plus.google.com/101464848506138381916/

Nov. 16 (Bloomberg) — Fabrizio Fiorini, chief investment officer at Aletti Gestielle SGR SpA talks about the outlook for Italian bonds. He speaks from Milan with Owen Thomas on Bloomberg Television’s “Countdown.”

On the basis of a recent study by the Reserve Bank of India, there have been a lot of investments on the infrastructure sector in India and the rate is high enough with fifty three percent of the cost during the financial year 2010 in comparison to forty five percent growths during the year 2009. If statistics are to be followed, the total amount of investments in the infrastructure sector in India stood around three crore almost during the financial year 2010. However, the power sector has earned more investors followed by telecom, metal and metal products.

It is primarily due to a major lack of general awareness about hygiene due to improper services related to health; the healthcare sector in India does not look very promising. Although, the scenario has gone through lots of changes over the years particularly during the last couple of years, there are some developments that have been taking place in the healthcare sector in India and the changes are coming rapidly almost. According to a study conducted by a few of the global consultants, in the year 2007, it was predicted that the there would be loads of development taking place in this sector and the numbers would be jumping to a whopping twenty five billion from the rate that existed during the year 2007. Although, it has not been achieved till now, we must admit that developments are taking place and pretty fast and it is now expected that the growth rate in this sector would jump to around seventy billion in the year 2012.

For attracting foreign investors to the power sector that is identified as one of the most prominent investment sector in India, the Government has declared several policies and many efforts have been made through the passage of time. Among the policies that have been declared by the Indian Government, the most prominent one is the enactment of the Electricity act during the year 2003. The primary objective of the Act is to strengthen In order to attract foreign investments into the power industry of India; the government has announced several policies and has taken initiatives from time to time. The most important amongst all the policies announced by the government is the enactment of the Electricity Act during the year 2003. The Act was meant to strengthen the regulations and the strictures related various aspects of electricity such as generation, transmission, supply and also to promote a favorable competition among the major power companies that exist in India.

The power industry, healthcare sector and infrastructure sector in India has attracted a number of foreign investors and offered them good opportunities as a favorable investment sectors in this country. In fact, it is also counted among those industries that offers a winning situation for the both the economy and the investor with huge returns on investment. The plans and strategies that are being formulated by the Indian Government have also provided an ideal podium for investors to flock to this sector.

About the Author

Harjeet is an Indian – born mass-market novelist, who covers the world internet related topics . He writes columns and articles for various websites and internet journals in the domain of Investing in India and Investment options.

Nov. 16 (Bloomberg) — Gary Baker, head of European equity strategy at Bank of America Merrill Lynch, talks about sentiment among fund managers. He speaks with Maryam Nemazee on Bloomberg Television’s “The Pulse.”

How to Trade Like a Congressman

by Marc Lichtenfeld, Investment U Senior Analyst
Wednesday, November 16, 2011: Issue #1644

I have a foolproof way of getting rich. It doesn’t involve signing up for one of The Oxford Club’s services, and it doesn’t require much risk because you already know the outcome. In fact, you’ll help decide it. All you have to do to increase your net worth by 10-fold is get elected to Congress.

Consider:

• Former Speaker of the House Denny Hastert was worth a few hundred thousand dollars when he was elected to Congress. Despite a Congressional salary that topped out at $212,000, he left Congress a millionaire many times over.

• Current Speaker John Boehner bought healthcare insurance stocks right before the public option in President Obama’s healthcare plan was killed. Those stocks took off after the provision was defeated.

• Former Speaker Nancy Pelosi bought into the Visa (NYSE: V) IPO despite the fact that the House was working on legislation affecting the credit card industry.

• During the financial crisis in 2008, Chairman of the House Financial Services Committee Spencer Bachus was in a closed door meeting with Federal Reserve Chairman Ben Bernanke that was so secretive cellphones and blackberries were confiscated. The next day, Bachus bought investments that would rise if the market fell.

All of these assertions are according to a “60 Minutes” report that aired on Sunday. You can watch the segment on Congressional insider trading. But I warn you, if you have high blood pressure, take your medicine first. If you don’t have high blood pressure, you will after seeing this.

Is it any wonder Congress has an approval rating of just 12 percent? (And who are these 12 percent who think Congress is doing a good job?)

Legal, But Immoral

Keep in mind; these elected officials did nothing illegal. There are no laws on the books that say a Congressman or Senator is not allowed to act on non-public information he or she is privy to.

In fact, Dennis Hastert made about $2 million buying land next to property that would eventually become a highway, that he had secured the funding for.

But just because it’s not illegal doesn’t mean it’s moral.

The President of the United States has to keep his finances in a blind trust. Members of Congress should have to do the same.

Heck, a secretary at a public company can be sentenced to prison if she buys stock based on something she hears her boss discussing. But a congressman appropriating hundreds of millions of dollars to a defense contractor can go in and buy call options on that company before the funding is announced.

What the Average Joe Can Do

While we may not have access to the kind of lucrative information that our esteemed representatives in Washington have, we can look to the market for clues as to where the smart money is investing.

• Insider Activity – When CEOs, CFOs and other managers and directors of a company buy shares on the open market, that’s usually a sign that good things are about to happen. As an example, two weeks ago, Ameriprise Financial (NYSE: AMP) Director Robert Francis Sharpe, Jr. bought 12,000 shares in the open market, increasing his stake by over 50 percent.

• Hedge Funds – Hedge funds that acquire large stakes in companies have usually done their homework. I’m not talking about funds that actively trade in and out of stocks. If a hedge fund takes a five-percent or more stakes in a company, it’s because they see significant value there and possibly a catalyst.

Funds that own five percent or more of a company must file documents with the SEC. They either file a 13G or a 13D. The 13G simply states that they own five percent or more of the company and includes when they bought the stock and for how much.

A 13D filing is similar, except that it also states the company is going activist. That means they will, or reserve the right to, demand changes from management. Those demands often include the resignation of the CEO, the sale of the company, restructuring of the board, etc.

Historically, stocks with activist investors have outperformed the market by 21.6 percent, according to research by professors at New York University’s Stern School of Business.

Yahoo! (Nasdaq: YHOO) is a recent example of an activist stock. Dan Loeb, one of the world’s most successful activist investors, wants the company sold and for co-founder Jerry Yang to resign from the board. Loeb has a tremendous track record and I expect him to be successful in his push to get Yahoo! sold. I recommended Yahoo! in my Activist Trader service when the stock was trading in the mid $14 range.

• Technical Analysis – The art of reading charts. Stock charts often tell you where the smart money is heading. When you see a pick up in volume, particularly when there’s no significant news, that’s often the people in the know getting in or heading for the exits. Pay attention to increases in volume and changes in price. More often than not, stocks will continue in the same direction. And you will frequently see news at a later date that confirms the price movement on heavy volume.

Lastly, if you’re as infuriated as I am over Congress’ trading on inside information, I urge you to call your Representatives and Senators and demand that they pass the Stop Trading on Congressional Knowledge (STOCK) Act.

It’s a bill that will prohibit congressmen and women from trading on inside information. Not surprisingly, it has received practically no support from Congress.

You can obtain your representatives contact information here.

Good investing,

Marc Lichtenfeld

Article by Investment U

London Gold Market Report
from Ben Traynor
BullionVault
Wednesday 16 November, 08:30 EST

U.S. DOLLAR prices to buy gold climbed to $1779 an ounce Wednesday lunchtime in London – 0.5% down from last week’s close –amid suggestions that central bankers in London and Frankfurt are growing more interventionist.

“Our strategic view remains unchanged,” says Standard Bank commodities strategist Walter de Wet.
“Gold will push higher in 2012 with a target of $2000 in the first quarter of 2012.”

Silver prices meantime traded in a tight range around $34.40 per ounce – 1% down on the week.

The European Central Bank was rumored to be buying European sovereign debt again this morning, after Tuesday saw sharp rises in yields on several Eurozone government bonds – including those of Belgium, France, Italy and Spain.

The ECB was “heavily in on Italy and Spain, 2-10 years,” one trader told Reuters news agency.
Yields on Italian 10-Year bonds fell from 7.1% to below 6.8% at one point – although by lunchtime they were back above 7%.

Spanish 10-Year yields also dropped – though they too quickly rose again, breaching 6.3% again by the end of the morning.

Belgian and French bond yields followed similar patterns – a fall followed by a sharp rise – while the spread between 10-Year French and German yields set a new Euro era record at 191 basis points (1.91 percentage points).

“Each day that goes by the situation is getting worse,” says Derek Halpenny, European head of currency research at Bank of Tokyo-Mitsubishi in London.

“There’s unbelievably difficult decisions that lie ahead for Europe in terms of resolving this crisis.”
Any solution to the crisis “has to be decided by national parliaments,” Bundesbank president Jens Weidmann said Tuesday.

“Monetary policy cannot and must not solve solvency problems of states and banks…the participation of monetary policy for fiscal policy purposes must come to an end.”

The price to buy gold in Euros held steady this morning around €1315 per ounce – a 1.1% gain for the week so far.

Here in the UK, inflation “is more likely to be below the [Bank of England’s 2%] target than above it at the forecast horizon” according to the Bank’s quarterly Inflation Report, published on Wednesday.

“The outlook for growth is unusually uncertain,” the report notes, “reflecting in particular the exposure of the UK economy to developments in the Euro area.”

“[The Bank] is so concerned about the escalating sovereign-debt crisis,” says Philip Rush, UK economist at Nomura, “that the £25billion [quantitative easing] extension we originally penciled in for February no longer appears sufficient.”

The Bank has kept its main interest rate at 0.5% since March 2009. Last month it expanded its asset purchasing program (QE) from £200 billion to £275 billion.

“We now expect £50bn of new gilt purchases to be announced in February and another £25billion in May,” says Rush, adding that he does not expect the Bank to raise its interest rate until 2014.

The Bank has lowered its central growth forecast since August’s Inflation Report and expects growth “to be broadly flat” over the next year at around 1%.

“Before the report, we expected more asset purchases in February,” says Richard Barwell, UK economist at RBS.

“But December looks a hell of a lot more likely now. You look at these forecasts and think more is coming soon. And potentially a lot more.”

Goldman Sachs and JPMorgan Chase have between them sold protection on over $5 trillion of debt worldwide, according to a Bloomberg report published Wednesday.

The two banks are heavily involved in the market for credit default swaps – which act as a form of bond insurance and are used by some traders to hedge their sovereign bond holdings.

Neither Goldman nor JPMorgan have revealed how much of the outstanding debt protection relates to Eurozone government debt.

Over in China, jewelry retailers are reducing the counter space given to platinum jewelry in order to allow more customers to buy gold, according to the Platinum 2011 Interim Review, published by leading refinery Johnson Matthey.

“Gold jewelry has been in great demand due to the rising price of gold and the perception of gold as a store of value,” the report says.

“The Chinese have stayed faithful to the yellow metal,” says the latest update from precious metals group Heraeus, noting a strong rise in the numbers choosing to buy gold bars in China.

“Contrary to demand for bars, jewelry demand has shown no growth [in recent years], but at the same time, despite higher prices, it has not gone down either.”

Ben Traynor
BullionVault

Gold value calculator   |   Buy gold online at live prices

Editor of Gold News, the analysis and investment research site from world-leading gold ownership service BullionVault, Ben Traynor was formerly editor of the Fleet Street Letter, the UK’s longest-running investment letter. A Cambridge economics graduate, he is a professional writer and editor with a specialist interest in monetary economics.

(c) BullionVault 2011

Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.