Gold prices slide

Gold prices dropped to 1%, or the biggest drop in the last month. The decline in gold prices following the drop in crude oil prices after the release of the projection from Goldman Sachs.

Rally U.S. government bond prices also kept investors choose to exit from gold investments while. The price of gold has two consecutive days receded, after Japan raised the level of nuclear crisis.
On 12 April 2011 trading, gold prices in the spot market dropped to as low as U.S. $ 1,451.73 per ounce, even down to U.S. $ 1,443.49 an ounce. On Monday, gold prices had hit a record high at U.S. $ 1476.21.

Prices of gold futures for June delivery fell 14.5 to U.S. $ 1,453.60 dollars per ounce, with trading volume lower than normal activity.

Gold prices have gone up to 11% since late January as the rally in oil prices and grain responding high inflation. The correlation between gold and oil on Tuesday, the closer to 0.7, approaching the record closest in 3 months. The rally in oil prices lately has increased the demand for gold which is where the investment protection from inflation.

"The report (Goldman Sachs) has given enough reason to investors to cut positions, particularly in a market that is parabolic. The report was enough to dampen enthusiasm for commodities at the moment," says Marck Luschini, chief investment strategist at Janney Montgomery Scott, as quoted by Reuters , on Wednesday (13/04/2011).

Goldman's report also has sparked a decline in crude oil prices. Light sweet crude May delivery lost 3.67 dollars to U.S. $ 106.25 per barrel. Brent Oil May delivery sank 3.06 dollars to U.S. $ 120.92 per barrel.

Goldman Sachs projected the price of Brent oil will drop to U.S. $ 20 in recent months, and said that speculators have been holding down prices beyond fundamentals. This is the second warning from Goldman about the possibility of rapid price reversal, following the surge in commodity prices in the long term.

In December, Goldman projected the price of gold will soar to U.S. $ 1750 per ounce in 2012 triggered an increase in U.S. interest rates.

China Bans Imports of Japanese Agricultural Products

China will ban imports of agricultural products from 12 regions in Japan, including food, agricultural products and feed ingredients, according to the official Xinhua news agency said Saturday.

Xinhua did not specify which areas are affected by the ban.

Some countries have banned imports of agricultural and animal from areas near the installation of a nuclear power plant (NPP) that damaged Japan for fear of contamination of radioactive elements.

Ministry of Foreign Affairs of China, previously concerned with Japan steps of radioactive contaminated waste water from nuclear plant damaged by the earthquake into the sea and urged neighbors to protect the marine environment.

"As a neighbor of Japan, we expressed our concern about this experience. We hope that Japan will act in accordance with international law and take effective measures to protect the marine environment," said ministry spokesman Hong Lei.

"China is following the developments closely, and at the same time doing our special assessment, and will continue to maintain close ties with Japan. We ask the Japanese report
relevant information to China with a fast, comprehensive and accurate. "

Ambition Obama About Oil

President Barack Obama is targeting the United States (U.S.) will reduce dependence on oil imports to a third of current levels. The target was effective from 2025.

According to news agency Associated Press, Obama's ambitious targets apply it during a speech at Georgetown University, Washington DC, Wednesday, March 30, 2011. Obama realizes that all this time the U.S. has a dependence on foreign supplies.

However, the situation is aggravating the U.S. during the political turmoil of the Middle East, the region's largest crude oil supplier, and when the price of fuel oil in the land of Uncle Sam continues to rise. Actually, the promise to reduce dependence on oil imports had been proclaimed by the late President Richard Nixon in the decade of the 1970s, but difficult to materialize.

"The presidents and politicians always promise to achieve energy independence, but that promise has yet to materialize," said Obama. "This must be changed. We can not constantly rocked by issues of energy security and act every time gasoline prices rise, then fall asleep again when prices fall," continued Obama.

So, Obama stated that the U.S. government seeks to increase domestic oil production, promote the use of biofuels (biofuels) and natural gas, and make energy-efficient vehicles.

Obama then instructed government agencies to ensure that beginning 2015 all their service vehicles using alternative fuels, including the use of hybrid and electric technology. He is also targeting at least already have 15 million electricity-fueled vehicles in 2015.

However, the U.S. officials considered that the plan needs to big enough budget for research and development. The problem is, the cost was not yet certain.

source:vivanews

Oil prices rise, U.S. economy Start Shaken

Washington DC: World oil prices which continue to soar beginning to feel the impact on the world economy. United States also participated felt the impact. The increase in oil prices is starting to shake the U.S. economy.

Some economists even reconsider their estimates for U.S. economic growth this year, partly because the standard salary which does not change makes households more difficult to cope with high gasoline prices.

"Jump in oil prices since late last year has caused significant damage to the economy," said Mark Zandi, chief economist at Moody's Analytics, as reported by the Associated Press, 4 April 2011

In the near future, the effect of oil price increase also will help the public perceived the world. Not only will terjegal by the high prices of gasoline, residents will also be faced with the possibility of losing their jobs. This followed a number of companies that complain about high prices of oil which became one of supporting their operations.

Crude oil at the close of trading on the New York Mercantile Exchange on Thursday (7 / 4) early days, was increased significantly. Crude oil prices rose to their highest position within 30 months after the NATO campaign to encourage attacking Libya. Brent crude oil prices seem to increase 8 cents and closed at 122.30 dollars per barrel. This closure was the highest since August 1, 2008.

Oil prices rise Related to Political Crisis in Yemen

Oil prices rose on Tuesday linked the turmoil in Yemen which threatens energy exports from the Gulf region.

French oil giant Total (TOTF.PA) warned buyers of liquefied natural gas from Yemen LNG project that shipments from the country could face obstacles because of increased political crisis, although it is normal for this time.

Thousands of protesters took to the streets of Yemen on Tuesday, shouted at President Ali Abdullah Saleh to step down. Several top officials have left Saleh, who warned that the country would descend into civil war if he was forced to quit.

Yemen produces about 290,000 bpd of oil, mostly for export, and to ship transported 0.9 billion cubic feet per day of LNG, approximately 9 percent of Qatar's LNG exporters.

In Libya, a bloody battle between the regime of Muammar Qaddafi and the rebels who control the east of the country has reduced oil production from OPEC nations about 75 percent, to below 400,000 barrels per day.

"The situation in the Middle East is still very bullish for oil," said Phil Flynn, analyst at PFGBEST Research in Chicago. "The unrest spread over the conflict in Libya is still a market focus."

Brent crude for May rose 74 cents to settle at $ 115.70 per barrel. U.S. crude oil futures for July rose 1.67% to settle at $ 104 per barrel. More active May contract settled up $ 1.88 per barrel at $ 104.97.

"Generally, the Middle East tensions will strengthen Brent," said Bill O'Grady at Confluence Investment Management in St. Louis.

Gold Prices Rise April 2011 Record In History

Gold prices again rose in trading Wednesday, March 30, 2011 New York time. The increase was triggered reports employment in companies with below expectations.
Gold for June delivery rose U.S. recorded $ 7.4 to U.S. $ 1,424.90 an ounce on the Comex division of the New York Mercantile Exchange. In the trade this time, the transaction is done in a fairly wide range between U.S. $ 1,413.10 to U.S. $ 1,431.70 an ounce.
Meanwhile, silver prices have soared 52 cents to U.S. $ 37.51 per ounce. The price was the highest throughout the 31 years.

ADP Reports from the pages of The Street, Thursday, March 31, 2011 mentions the employment in the private sector is actually not too far from previous estimates. The private sector in March is expected to absorb new labor as much as 201 thousand, or according to analyst expectations.
However, unexpected things that come from the revised report private sector employment in February from the previous 217 thousand to 208 thousand new employment.

"Buyers of gold back to collect the gold after a number of disappointments in private sector employment is expected to make interest rates remain low," said senior vice president of RBC Capital Markets, George Gero.

Another factor causing an increase in gold prices on the last day of the first quarter is also likely to come from the purchase or sale of the company's investment manager.
Based on Standard & Poor's notes, since 1975, gold prices usually rose 0.9 percent in the first quarter and will go up 4.3 percent in the second quarter. Gold prices are relatively flat for this year.
Pursche Oliver, co-portfolio manager of GMG Devensif Beta Fund assess the price of silver now diperjualkan with a more narrow price range of gold prices in 27 years. In addition, silver prices are also three decades higher.

"In our view, the increase which took place some time this has reduced the risk of investing in silver commodities significantly," he said.

Rampant theft occurred after the earthquake in japan

In the midst of admiration of the world order which will be maintained after the earthquake and tsunami in Japan, many reported incidents of theft and looting began to happen at some point in the location of the disaster center.
Shinkin Bank report to the police, (March 22, 2011), that one of its branch office in the city of Kesennuma, Miyagi Prefecture, plundered people. Money as many as 40 million yen (approximately USD 4.3 billion) reportedly disappear from the bank vault.

China Beat the United States Economy

Hong Kong - China will beat the United States (U.S.) and become the world's largest economy by 2030. This can happen if China can maintain economic growth rates of 8% annually in the next 20 years. "China will become world's largest economy by 2030," said Justin Lin, Chief Economist of the World Bank in the economic forum in Hong Kong as quoted by AFP, (23/03/2011).

United States, Stop Food Imports From Japan

Washington - The U.S. government announced the termination of some food imports from Japan. The ban was imposed because of fears of radiation and nuclear contamination following the earthquake and tsunami in Japan.Drug regulatory authorities and the U.S. food aka the Food and Drug Administration (FDA) said it would stop the import of dairy products and products from the area around the Fukushima nuclear power plant is leaking radiation. This is as reported by AFP, (23/03/2011).

Crude Oil Prices Soar Higher Threatens World Economy

The global economy is facing various obstacles which threaten the recovery of the crisis. The biggest threat is the price of crude oil.CNNMoney, Tuesday, March 22, 2011 report, more than two-thirds of the 23 economists surveyed said that high oil prices are identified as the most serious risks for the global economy.
Unrest in the Middle East and North Africa to raise oil prices by 15 percent in the last two months. Missile attacks and no-fly Libya by the United States and its allies are also pushing gas prices higher.

Hawaii Tourism Impact From Japan Nuclear Radiation

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Hawaii has made it open for business, rejecting concerns about dangerous nuclear radiation reaching the U.S. state of tourist-friendly island of Japan hit by earthquake.
This popular holiday has seen some Japanese tourists cancel trips after last week's .Earthquake and tsunami of 4000 miles (6400 km) in the Pacific, which destroy a nuclear power plant and the release of harmful radiation.
But officials speaking confidence that there will be no mass cancellations, especially from the U.S. mainland, which provides 73 percent of visitors.

"We are open for business continued to Hawaii. To become an earthly paradise," said Governor Neil Abercrombie. "Japan's Nuclear Emergency is not harmful to Hawaii.