gastronomo
Forumer storico
dan24 ha scritto:mi hanno telefonato due rikkioni
Chi va con lo zoppo
... e occhio al bastone 
Bund, Tbond e la grossa coda gialla......(V.M. 77 anni)
- Creatore Discussione masgui
- Data di Inizio
Chi va con lo zoppo
... e occhio al bastone gastronomo
Forumer storico
dan24 ha scritto:adesso li chiamano "corsi"....fanno i corsi di rikkioni a Milano^??
Corsi di perfezionamento
gastronomo
Forumer storico
Gold Heads for Biggest Drop Since September on Equity Slide
By Pham-Duy Nguyen
March 2 (Bloomberg) -- Gold in New York headed for the biggest weekly decline since September as investors sold the metal to cover losses in equity markets. Silver fell more than 4 percent.
Gold futures in Japan dropped the maximum allowed by the Tokyo Commodity Exchange as the Nikkei 225 Stock Average had its biggest weekly decline since June. In New York, the metal has tumbled 5.4 percent this week following the sell-off in Chinese shares on Feb. 27 that triggered a loss of more than $1.5 trillion in global equity values.
``People are getting hurt in their stock positions, and the only place where they have profits in the past six months is gold, and they're going to take it,'' said Dennis Gartman, trader, economist and editor of Suffolk, Virginia-based Gartman Letter. He sold half of his gold holdings yesterday.
Gold futures for April delivery fell $15.30, or 2.3 percent, to $649.80 an ounce at noon on the Comex division of the New York Mercantile Exchange. Before today, gold was up 18 percent in the past year.
Silver for May delivery plunged 58 cents, or 4.3 percent, to $13.07 an ounce. Prices are down 11 percent this week. Before today, the metal had climbed 41 percent in the past 12 months.
A futures contract is an obligation to buy or sell a commodity at a set price for delivery by a specific date.
Concern over a global economic slowdown helped sparked a decline in stocks, which headed for the worst week since April 2005. Before today, the Standard & Poor 500 Index and the Dow Jones Industrial Average had fallen 3.3 percent this week, while the Nasdaq Composite Index, which gets 40 percent of its value from computer shares, dropped 4.4 percent.
`Victim of Own Success'
``The apparent quest for liquidity among global investors has made gold a victim of its own recent success,'' Jon Nadler, an investment-products analyst at Montreal-based Kitco Minerals & Metals Co., said in an e-mail.
Before this week, gold had climbed for seven weeks in a row, gaining more than $80 from the year's low of $603 on Jan. 5.
Gold has more than doubled in the past five years, outpacing the S&P 500 and the benchmark 10-year U.S. Treasury, which have returned about 25 percent for investors.
``Gold is very liquid, so inevitably it gets sold when people need cash to meet margin calls or hedge funds need to repay debt to reduce their leverage,'' said James Turk, founder of GoldMoney.com, which had $186 million worth of gold and silver in storage for investors at the end of January.
Silver has outperformed gold in the past year, making it more vulnerable to declines when investors need to raise money, analysts said.
`Going to Get Hurt'
``The fact that the gold-to-silver ratio has moved so markedly in gold's favor argues that weakness in the precious metals generally may be far more protracted and far more serious than one might otherwise believe,'' Gartman of the Gartman Letter said. ``If you worry about a slowdown, silver's going to get hurt more because it's more of an industrial metal.''
Mining stocks and the StreetTracks Gold Trust, the exchange-traded fund, or ETF, backed by physical gold, also declined. The Philadelphia Stock Exchange Gold & Silver Index has tumbled 7.9 percent this week to 134.30. The StreetTracks fund, which last week reached a record $10.5 billion, dropped 5.2 percent.
Gold may rebound after equity markets level off, some analysts said. The dollar might slump on concern a U.S. recession is possible, renewing the precious metal's attraction as an alternative investment. Higher fuel prices also may revive gold's appeal as a hedge against inflation.
``Any gold investor who looks at his statement sees he is still up significantly in February, let alone for the year,'' said Adrian Day, president of Annapolis, Maryland-based Adrian Day's Asset Management, which has $113 million in assets. Day predicted last week that prices would fall. He sold holdings in some smaller mining companies this week.
``Gold investors are much more sanguine now than in the past, sensing new highs later this year,'' Day said.
To contact the reporter on this story: Pham-Duy Nguyen in Seattle at [email protected] .
By Pham-Duy Nguyen
March 2 (Bloomberg) -- Gold in New York headed for the biggest weekly decline since September as investors sold the metal to cover losses in equity markets. Silver fell more than 4 percent.
Gold futures in Japan dropped the maximum allowed by the Tokyo Commodity Exchange as the Nikkei 225 Stock Average had its biggest weekly decline since June. In New York, the metal has tumbled 5.4 percent this week following the sell-off in Chinese shares on Feb. 27 that triggered a loss of more than $1.5 trillion in global equity values.
``People are getting hurt in their stock positions, and the only place where they have profits in the past six months is gold, and they're going to take it,'' said Dennis Gartman, trader, economist and editor of Suffolk, Virginia-based Gartman Letter. He sold half of his gold holdings yesterday.
Gold futures for April delivery fell $15.30, or 2.3 percent, to $649.80 an ounce at noon on the Comex division of the New York Mercantile Exchange. Before today, gold was up 18 percent in the past year.
Silver for May delivery plunged 58 cents, or 4.3 percent, to $13.07 an ounce. Prices are down 11 percent this week. Before today, the metal had climbed 41 percent in the past 12 months.
A futures contract is an obligation to buy or sell a commodity at a set price for delivery by a specific date.
Concern over a global economic slowdown helped sparked a decline in stocks, which headed for the worst week since April 2005. Before today, the Standard & Poor 500 Index and the Dow Jones Industrial Average had fallen 3.3 percent this week, while the Nasdaq Composite Index, which gets 40 percent of its value from computer shares, dropped 4.4 percent.
`Victim of Own Success'
``The apparent quest for liquidity among global investors has made gold a victim of its own recent success,'' Jon Nadler, an investment-products analyst at Montreal-based Kitco Minerals & Metals Co., said in an e-mail.
Before this week, gold had climbed for seven weeks in a row, gaining more than $80 from the year's low of $603 on Jan. 5.
Gold has more than doubled in the past five years, outpacing the S&P 500 and the benchmark 10-year U.S. Treasury, which have returned about 25 percent for investors.
``Gold is very liquid, so inevitably it gets sold when people need cash to meet margin calls or hedge funds need to repay debt to reduce their leverage,'' said James Turk, founder of GoldMoney.com, which had $186 million worth of gold and silver in storage for investors at the end of January.
Silver has outperformed gold in the past year, making it more vulnerable to declines when investors need to raise money, analysts said.
`Going to Get Hurt'
``The fact that the gold-to-silver ratio has moved so markedly in gold's favor argues that weakness in the precious metals generally may be far more protracted and far more serious than one might otherwise believe,'' Gartman of the Gartman Letter said. ``If you worry about a slowdown, silver's going to get hurt more because it's more of an industrial metal.''
Mining stocks and the StreetTracks Gold Trust, the exchange-traded fund, or ETF, backed by physical gold, also declined. The Philadelphia Stock Exchange Gold & Silver Index has tumbled 7.9 percent this week to 134.30. The StreetTracks fund, which last week reached a record $10.5 billion, dropped 5.2 percent.
Gold may rebound after equity markets level off, some analysts said. The dollar might slump on concern a U.S. recession is possible, renewing the precious metal's attraction as an alternative investment. Higher fuel prices also may revive gold's appeal as a hedge against inflation.
``Any gold investor who looks at his statement sees he is still up significantly in February, let alone for the year,'' said Adrian Day, president of Annapolis, Maryland-based Adrian Day's Asset Management, which has $113 million in assets. Day predicted last week that prices would fall. He sold holdings in some smaller mining companies this week.
``Gold investors are much more sanguine now than in the past, sensing new highs later this year,'' Day said.
To contact the reporter on this story: Pham-Duy Nguyen in Seattle at [email protected] .
dan24
Forumer storico
Un ragazzo di Hobart (la capitale dell'Indiana in Usa) ha tentato di incassare un assegno da Dio. Il 21enne si è presentato allo sportello della Chase Bank con la pretesa di ritirare 50mila dollari da un assegno firmato da "Il Re dei Sapienti, il Re dei Re, il Signore dei Signori, il Servitore". Ma è finito dietro le sbarre per truffa e resistenza a pubblico ufficiale.
Anche se inizialmente avrebbe potuto sembrare una burla, ora la cosa si fa più seria. Il giovane Kevin Russell dovrà vedersela con la giustizia per reati gravi che potrebbero persino costargli la prigione: tentata frode, tentativo di intimidazione delle forze dell'ordine e resistenza a pubblico ufficiale.
Russell, infatti, si era presentato per incassare l'assegno compilato su una matrice non valida, senza il timbro della banca d'origine. Con sé, poi, aveva diversi altri assegni compilati allo stesso modo ma di diverso importo, tra cui persino uno da 100mila dollari. A quel punto, all'impiegato allo sportello non è rimasto altro che allertare subito la polizia.
Ma, all'arrivo degli agenti che hanno cercato di ammanettarlo, il bizzarro cliente ha cominciato a divincolarsi e, durante il trasporto al commissariato di polizia, li ha minacciati. Per il momento non è stata fissata la data dell'udienza davanti al giudice. Ma, intanto, il giovane è stato trasferito in prigione e, per poter uscire, dovrà pagare mille dollari di cauzione. Questa volta, però, senza l'aiuto di Dio.
Anche se inizialmente avrebbe potuto sembrare una burla, ora la cosa si fa più seria. Il giovane Kevin Russell dovrà vedersela con la giustizia per reati gravi che potrebbero persino costargli la prigione: tentata frode, tentativo di intimidazione delle forze dell'ordine e resistenza a pubblico ufficiale.
Russell, infatti, si era presentato per incassare l'assegno compilato su una matrice non valida, senza il timbro della banca d'origine. Con sé, poi, aveva diversi altri assegni compilati allo stesso modo ma di diverso importo, tra cui persino uno da 100mila dollari. A quel punto, all'impiegato allo sportello non è rimasto altro che allertare subito la polizia.
Ma, all'arrivo degli agenti che hanno cercato di ammanettarlo, il bizzarro cliente ha cominciato a divincolarsi e, durante il trasporto al commissariato di polizia, li ha minacciati. Per il momento non è stata fissata la data dell'udienza davanti al giudice. Ma, intanto, il giovane è stato trasferito in prigione e, per poter uscire, dovrà pagare mille dollari di cauzione. Questa volta, però, senza l'aiuto di Dio.
gipa69
collegio dei patafisici
Tentano di rallentare la fase di ricopertura delle posizioni sintetiche....
4:08 Paulson wants more U.S. exports to China
4:08 Paulson critical of trade protectionism in U.S.
4:08 U.S. economy transitioning to sustainable growth: Paulson
4:08 Paulson urges flexible Chinese currency
4:08 Paulson says economy 'strong' in radio interview
Fed's Poole Says Market Turmoil Doesn't Indicate Slowing Growth
By STEPHAN KUEFFNER AND MICHAEL S. DERBY
Federal Reserve Bank of St. Louis President William Poole said Friday that recent market turmoil doesn't suggest that growth in the U.S. is stalling.
"We do not see a recession coming," he said. Further down the road, "obviously, there could be a recession," but consensus estimates see real growth in the neighborhood of 3%, that being a "sensible, rounded-up number," Mr. Poole said in a speech delivered at a conference in Santiago, Chile.
Mr. Poole, a voting member of the interest-rate setting Federal Open Market Committee, also said that surging energy prices aren't likely to spur an economic downturn either. "Energy supply shocks are disruptive, but they need not create recessions," Mr. Poole said. "Although an outside shock may be the catalyst, or trigger, that creates undue inflation pressures, the fundamental problem is not the catalyst but the powerful and risky brew of an overheated economy," he explained.
"Maintenance of low inflation over a period of several years or more is achievable whatever happens to oil prices," Mr. Poole said.
The central banker didn't see any cause for stock markets to drop much below their current levels, since equities aren't overpriced by historic standards. "At the present time, stock market valuation does not seem to be elevated, certainly not as it was at the end of 2000," Mr. Poole said. "We don't see the accumulating evidence that would justify ongoing market declines."
Greenspan Not to Blame for Market Drop
Mr. Poole said it was unlikely that this week's market disturbance was caused by former Federal Reserve Chairman Alan Greenspan's remarks Monday, in which he said a recession was possible later this year. Given Mr. Greenspan's long experience, "I would never ignore what he says," Mr. Poole said, but "I find it hard to believe that his comment alone was responsible for the market decline." He added: "I think it was one thing among a number of things."
Mr. Poole said the causes of such market moves were often hard to pinpoint. "A professional economist can say 'it's inexplicable random fluctuations, we don't understand,' but it's hard for journalists to say that."
Mr. Poole also addressed concerns about the Japanese yen. He said so far, there are no signs that the yen carry trade is unraveling messily. Recent strengthening of the Japanese currency against both the dollar and the euro has raised concerns that a reversal of this hugely popular trade -- in which investors borrow cheaply in yen to buy higher yielding assets -- may destabilize financial markets.
"The issue is whether [these carry trades] would be unwound in a very quick and disruptive fashion," Mr. Poole said. "So far as I can tell, there may have been a little bit of movement in that direction but nothing that I would regard as being disruptive at this stage."
4:08 Paulson wants more U.S. exports to China
4:08 Paulson critical of trade protectionism in U.S.
4:08 U.S. economy transitioning to sustainable growth: Paulson
4:08 Paulson urges flexible Chinese currency
4:08 Paulson says economy 'strong' in radio interview
Fed's Poole Says Market Turmoil Doesn't Indicate Slowing Growth
By STEPHAN KUEFFNER AND MICHAEL S. DERBY
Federal Reserve Bank of St. Louis President William Poole said Friday that recent market turmoil doesn't suggest that growth in the U.S. is stalling.
"We do not see a recession coming," he said. Further down the road, "obviously, there could be a recession," but consensus estimates see real growth in the neighborhood of 3%, that being a "sensible, rounded-up number," Mr. Poole said in a speech delivered at a conference in Santiago, Chile.
Mr. Poole, a voting member of the interest-rate setting Federal Open Market Committee, also said that surging energy prices aren't likely to spur an economic downturn either. "Energy supply shocks are disruptive, but they need not create recessions," Mr. Poole said. "Although an outside shock may be the catalyst, or trigger, that creates undue inflation pressures, the fundamental problem is not the catalyst but the powerful and risky brew of an overheated economy," he explained.
"Maintenance of low inflation over a period of several years or more is achievable whatever happens to oil prices," Mr. Poole said.
The central banker didn't see any cause for stock markets to drop much below their current levels, since equities aren't overpriced by historic standards. "At the present time, stock market valuation does not seem to be elevated, certainly not as it was at the end of 2000," Mr. Poole said. "We don't see the accumulating evidence that would justify ongoing market declines."
Greenspan Not to Blame for Market Drop
Mr. Poole said it was unlikely that this week's market disturbance was caused by former Federal Reserve Chairman Alan Greenspan's remarks Monday, in which he said a recession was possible later this year. Given Mr. Greenspan's long experience, "I would never ignore what he says," Mr. Poole said, but "I find it hard to believe that his comment alone was responsible for the market decline." He added: "I think it was one thing among a number of things."
Mr. Poole said the causes of such market moves were often hard to pinpoint. "A professional economist can say 'it's inexplicable random fluctuations, we don't understand,' but it's hard for journalists to say that."
Mr. Poole also addressed concerns about the Japanese yen. He said so far, there are no signs that the yen carry trade is unraveling messily. Recent strengthening of the Japanese currency against both the dollar and the euro has raised concerns that a reversal of this hugely popular trade -- in which investors borrow cheaply in yen to buy higher yielding assets -- may destabilize financial markets.
"The issue is whether [these carry trades] would be unwound in a very quick and disruptive fashion," Mr. Poole said. "So far as I can tell, there may have been a little bit of movement in that direction but nothing that I would regard as being disruptive at this stage."
....
gipa69
collegio dei patafisici
La chiusura dei carry influenza un pò tutti i mercati e anche le commodity sono state liquidate come già vi avevo indicato all'inizio della correzione in quanto anche loro erano levereggiate.
La correzione del mondo commodity secondo me continuerà per un periodo più lungo dei mercati azionari pper prepararsi al meglio al prossimo ciclo della liquidità.
La correzione del mondo commodity secondo me continuerà per un periodo più lungo dei mercati azionari pper prepararsi al meglio al prossimo ciclo della liquidità.
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