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Asian Markets at Close Report

European Markets at Close Report

May 1, 2009

Forbes.com Alerts: "Report: Citigroup may need $10B in extra capital"

Citigroup Inc. may need to raise as much as $10 billion to meet the government's increased capital standards for banks outlined in its stress tests, according to a report late Friday. To read full coverage of this report , click HERE

From the Desk of Nick Nicolaas:"Adam Hamilton weekly Zeal Inteligence Newsletter"

As every Friday our friend Nick Nicolaas send us his e-mail, reminding the latest post of Adam Hamilton: Below is the transcript of Nick's e-mail:


Dear Friends,
Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:
http://www.mininginteractive.com/releases/zeal/zeal20090501.pdf
Have a great weekend and - - - Stay Tuned!!

Regards,
Nick L. Nicolaas Mining Interactive “Ahead of the Pack”

http://www.mininginteractive.com/Suite 500 - Park Place666 Burrard StreetVancouver BCCanada V6C 3P6

e-mail: nick@mininginteractive.comTel: +1 (604) 657-4058Fax: +1 (604) 685-1631

Forbes.com Alerts: "T. Rowe Price Calls For Halt To Obama Mortgage Bill"

Director of fixed income Mary John Miller calls on lawmakers to block "safe harbor" legislation.



To read full story, click HERE

New video on how to play short term pops

We’re often asked at MarketClub just how to play short-term pops. Regardless if you are look at stocks, futures, or the forex market, it’s always the same… MarketClub Alerts.

With these Alerts you are getting a warning of a major move. It’s not that you are reacting to fundamentals, it’s just that when the technicals align, you are the first to know.


You see, no matter what happens, what methods you use, or what markets you trade, the following is always true: If you’re the first to know, you’re the first to profit!
This applies to our trading strategy, MarketClub Alerts, and the steps we need to take to capture profits and stay on the winning side of those short-term moves.
Please enjoy the video, as always its with our compliments.


To view this video , click HERE

This is an Apart.. from FGC BOLSA... Taken from BBC NEWS : The art of mathematics

This video you are about to view is something myself get perplexed about matters regarding who are we human beings ? .. Where do we come from... ? Is it a superior inteligence above us....GOD.... as every Christian knows HIM? or is it just the evolution of energy or matter...? think about it.

To view this video click HERE

BBC WORLD NEWS:" Lenders Object to Chrysler Plan"

A group representing 20 Chrysler lenders, holding $1bn (£674m) in debt, are set to object to the firm's move into Chapter 11 bankruptcy protection.

To read full coverage of this report, click HERE

BBC WORLD NEWS:"Japan Moves Back into Deflation"

Japan's economy has fallen back into deflation for the first time in more than a year, new data for March shows.

To read full report , Click HERE

F.T.:"Global Business Perspective"

To read the full coverage of global business Perspective from different points of view, as always bring us ,The Financial times , click HERE

Gata Dispatches: " New Central Bank Gold Sales Plan seen as Bullish for Bullion"

Submitted by cpowell on 08:14PM ET Thursday, April 30, 2009. Section: Daily Dispatches Third Gold Sales Pact to Plant Flag of SupportBy Veronica Brown and Jan HarveyReutersThursday, April 30, 2009http://uk.reuters.com/article/businessNews/idUKTRE53T5HV20090430LONDON -- Gold bugs are tantalised by the prospect of a third European central bank pact to limit sales of the precious metal, with the International Monetary Fund seen figuring heavily in a move that should underpin the investment case for bullion.European central banks have agreed to regulate gold sales under the terms of two successive Central Bank Gold Sales Agreements (CBGA) starting in 1999, which have been key in supporting an eight-year bull market rally that saw prices top the $1,000 an ounce mark.After months of uncertainty and dwindling yearly sales under the second CBGA, European Central Bank governing council member Nout Wellink stunned gold players on Tuesday by saying the bank intended to renew the pact, which is due to expire on September 26."Wellink's comment is the first indication that there will be a third agreement," said James Steel, an analyst at HSBC in New York. "The odds favour that because of the potential IMF sales, which they have stated would be done within the CBGA."The IMF's potential disposal of 403.3 tonnes of gold, approved last year to beef up its financing firepower for troubled economies, has added a new ingredient to the mix of official sector sales along with China's shock announcement last week detailing significant bullion buying since 2003.While the fund is not currently a signatory of the pact, it has stated it wants to make its gold sales under the umbrella of a wider agreement to avoid upsetting the market."I think that the current signatories would probably prefer to keep the signatories to the agreement to European central banks and the IMF doesn't qualify as one of those," said George Milling-Stanley, managing director of official sector at The World Gold Council."The consensus in the market would be that probably some form of association rather than the IMF becoming a formal signatory would be sufficient," he added.Under the terms of the existing CBGA, in force since 2004, signatories can sell a maximum of 500 tonnes of gold per year -- but sales have fallen well short of the quota in recent years.Sales slid to a record low 358 tonnes of gold in the fourth year of the pact, and just 91 tonnes in the final year to date.Wellink declined to comment on the details of the new agreement, but analysts say the low level of sales suggests there is no need to raise the pact's 500-tonne annual quota.In 2007 a committee formed to look at sustainable long-term financing of the IMF, known as the Crockett committee recommended the fund sell 12.97 million ounces of gold -- currently worth around $11.4 billion (7.5 billion pounds) -- to fund the adoption of a new income model.It specified, however, that the sales should take place within the framework of a wider agreement to prevent the market from being flooded with bullion."They might come up with a quota for the IMF to sell within a third agreement," Standard Chartered analyst Daniel Smith said. "It would make sense, (given) the Crockett agreement that the gold would be sold without disrupting the market."While sales under such an agreement are unlikely to have a significant effect on price, the longer-term psychological impact is significant.Central banks were able to deflect criticism that their sales were disrupting the gold market, and prices benefited from the restrictions to supply, WGC's Milling-Stanley said."The announcement that there is going to be a third CBGA is helpful in that it helps the gold market, it helps the central banks to avoid criticism, and it is likely to help the IMF, provided the terms of Crockett are followed," he said.But while the pact is being closely eyed, its potential effect on the market is also being weighed up with China's announcement that it had boosted its gold reserves by three-quarters since 2003.The IMF has not commented on speculation that China could be a buyer of the 403 tonne it intends to sell but John Lipsky, IMF first deputy managing director, said the rapid increase in China's holdings was not surprising.While China's bullion holdings have surged in tonnage terms, they actually fell as a proportion of China's almost $2 trillion total foreign exchange reserves, sparking speculation the Asian giant would seek more -- including that of the IMF.The shift in official sector activity towards the buy side, and the limits placed on selling, will lend significant support to prices at a time when the market is grappling with a stock market bear rally and hints that the global economic downturn might be stabilising, analysts say."To have a major central bank buying bullion even at a very gradual pace I think is in fact more psychologically important than the actual bullion offtake itself," HSBC's Steel said."The whole issue of central bank activity in the gold market is supportive, as they realise the portfolio diversification value of gold."
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