Georgian opposition supporters flood capital

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TBILISI, Georgia (AP) ? An estimated 100,000 opposition supporters rallied in Georgia's capital Saturday in a show of strength days before a parliamentary election that presents the toughest challenge to the future of President Mikhail Saakashvili's government since he took office in 2004.

Many residents of the capital, Tbilisi, long ago turned against Saakashvili. They are disturbed by what they describe as his authoritarian rule, pointing to his control over parliament, the courts and the prosecutor's office.

"He created a system of oppression and covered it with the pretty facade of democracy," said Dali Dvalishvili, who attended the boisterous campaign rally. Although trained as a lawyer, the 28-year-old woman said she was unable to work in a system "where the prosecutor's office dictates everything."

Under Saakashvili, the former Soviet republic has become a U.S. ally and worked toward closer integration with NATO and the European Union. In Monday's election, the president is under pressure to prove his commitment to democracy by holding a free and fair vote.

The election has added significance because it ushers in a new political system that will give greater powers to the parliament and prime minister. After Saakashvili's second and last term ends next year, the party that has a majority in parliament will have the right to name the prime minister, who will acquire many of the powers now held by the president.

Saakashvili's United National Movement, which now holds nearly 80 percent of the seats in parliament, is up against Georgian Dream, a coalition formed by Bidzina Ivanishvili, a billionaire businessman who made his fortune in Russia.

Most observers see the race as too close to call, although they give the governing party the edge.

The mood was upbeat Saturday as people of all ages gathered on Freedom Square for Ivanishvili's campaign rally. Many wore Georgian Dream T-shirts in blue, white or black.

"Saakashvili's system based on lawlessness and torture should be destroyed," Ivanishvili told the crowd.

Saakashvili's campaign was hit hard by the release two weeks ago of shocking videos showing prisoners in a Tbilisi jail being beaten and sodomized. The government moved quickly to stem the anger, replacing Cabinet ministers blamed for the abuse and arresting prison staff, but many saw the videos as illustrating the excesses of his government.

When Saakashvili took over Georgia in early 2004, it was close to being a failed state. He succeeded in wiping out the crime bosses who ruled the streets, eradicating petty corruption, restoring basic public services and enacting reforms that led to high economic growth. Poverty and unemployment rates, however, remain painfully high.

"Palaces are built, but the people live in poverty," 35-year-old Georgy Dzotsenidze, who was among the opposition supporters, said. "Not to mention the sadism, the torture in the prisons. All of this was done intentionally so that the people would be afraid."

Ivanishvili's support lies in the educated, professional and cultural classes of Tbilisi, where about a third of Georgia's 4.5 million people live. Some of them, including prominent theater actors and directors, have benefitted directly from his largesse. Now worth about $6.4 billion, Ivanishvili says he has spent a total of $1.7 billion to help Georgia, most notably paying government officials' salaries when Saakashvili first came to power and buying patrol cars for a new police force.

Saakashvili has tried to discredit his former patron by suggesting he has ties with Georgian crime bosses now living abroad. Ivanishvili addressed the accusations on Saturday.

"Saakashvili tries to convince the population that if we win, criminals will come to power in Georgia," the opposition leader told the crowd. "This is not so. The time of organized crime bosses and criminals in Georgia is over. We will restore order based on democracy and the law."

He also countered Saakashvili's contention that he will take Georgia back under Russian domination.

"The U.S. and NATO members are our strategic allies," Ivanishvili said. "Our country will become a worthy member of the European community."

___

Lynn Berry contributed to this report.

Source: http://news.yahoo.com/georgian-opposition-supporters-flood-capital-133038777.html

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Weekend Fare - NYTimes.com

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Le Taste of France on Pier 54, at West Street and 13th Street, celebrates French gastronomy and culture Saturday from 11 a.m. to 5 p.m. and Sunday from 11 a.m. to 6 p.m. Chefs will prepare special dishes paired with French wines and liquors. A French flea market, live music, wine tastings, games and a French bulldog show are part of the schedule. On Saturday from 6:30 to 11 p.m., Le Soiree turns the event into a big dinner party where guests can meet chefs. Tickets for the day session are $30 in advance, available online or $40 at the door. The Sunday evening program is $149 a person.

Oktoberfest celebrations are still going strong this weekend. On Saturday from noon to 6 p.m., the bar 230 Fifth throws its Sky High Oktoberfest Fete with five German beers along with food. The rooftop event also features live music and entertainment

More than a dozen local restaurants will be providing wings for the New York City Wingfest on Saturday at Center 548, 548 West 22nd Street (between 10th and 11th Avenues), in Chelsea. For three hours, it?s all-you-can-eat wings with an open bar. Tickets, $55 a person, are available for the noon to 3 p.m. and 4 to 7 p.m. sessions.

The annual Oyster Frenzy takes over the Grand Central Oyster Bar, 89 East 42nd Street (Park Avenue), on Saturday from noon to 6 p.m. Besides copious amounts of oysters, there will be wine pairings, a shucking contest, chef demos and music. Admission is free.

The Global Festival, a free charity concert to benefit organizations that fight poverty, takes place Saturday on the Great Lawn in Central Park. For the event, the mixologist Nick O?Connor of Apotheke has crafted the Starr Fair Trade Punch (a mix of light African rum, blueberries, agave nectar and ginger) as the featured cocktail, which will help raise money for the cause.

Bondi Road, 153 Rivington Street (between Suffolk and Clinton Streets), on the Lower East Side, is offering extended happy hours until it closes for good on Sunday. There will be $2 beer, $3 mixed drinks and $4 plates of food. The all-day brunch Saturday and Sunday includes a D.J. party.

The Pie Social at Bubby?s, 1 Main Street (Water Street), on Sunday in Dumbo, Brooklyn, will include a baking contest and tastings. Amateur bakers, whom must arrive by 11:30 a.m. with their pies, can enter by paying $11.54 to benefit Public School 150 in TriBeCa and the High School for Food and Finance. From noon to 3 p.m., the public can taste the pies for $27.37.

A Taste of the Seaport, which benefits programs at P.S. 397, will be Sunday from 11 a.m. to 4 p.m., along Front Street from Fulton to Beekman Streets. It will include tastings from restaurants in the South Street Seaport area. Tickets good for five tastes are $32.04, or $104.49 for 20 tastes, in advance, or $35 for five tastes at the event.

The first annual East River Moon Festival takes place Sunday from 11 a.m. to 4 p.m. at the New Amsterdam Market, at South Street between Beekman Street and Peck Slip. This harvest festival, which is celebrated by many Asian cultures, includes a traditional lion dance, vendors selling Asian-inspired fare, a dumpling demo and paper lantern making for children. Starting at 6 p.m. there will be a lantern lighting and free refreshments.

Two new brunches debut this weekend. At Black Market, 110 Avenue A (near East Seventh Street), in the East Village, brunch is Saturday and Sunday from 10:30 a.m. to 4 p.m. with seasonal cocktails, oysters and assorted brunch staples. A D.J. will be spinning from noon to 4 p.m. The recently opened Isola Trattoria & Crudo Bar at the Mondrian SoHo starts serving brunch, with an Italian spin, this Saturday, with a live performance at 1 p.m. from the indie and rock guitar duo City of the Sun. Brunch is 11:30 a.m. to 3 p.m. on weekends. Reservations can be made by calling (212) 389-0000.

Source: http://dinersjournal.blogs.nytimes.com/2012/09/28/weekend-fare-111/

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The Ultimate Chocolate Chip Cookie Recipe with Almond Flour and ...

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By Abra Pappa for NutritiousAmerica.com

What is more delicious than warm chocolate chip cookies fresh out of the oven? Not much I tell ya, not much. We all should have a reliable, delicious chocolate chip cookie recipe in our back pocket to wow impromptu guests and convince our kids that we are, indeed, super mom.

Trouble is most cookie recipes begin with ingredients that need..well.. pimping! I encourage you to push beyond your baking comfort zone to try this nutrient dense, crazy delicious treat. The ingredients here should easily be added to your arsenal of real food, health promoting pantry staples.

So let?s pimp that recipe!

As we move toward a whole food diet, white flour and white sugar have to be replaced. White flour is a heavily processed ingredient that will promote blood sugar spikes and dips and increase your body?s propensity toward processed food cravings. In this recipe it is replaced with almond flour. Almond flour is a staple ingredient in my kitchen. It may sound fancy but it is nothing more then ground almonds (you can make your own by grinding almonds in a food processor, just don?t over process or you will end up with almond butter.)

Almonds, as you may already know, are potent nuggets of nutrients, protein, and healthy fat. Studies have shown that eating almonds actually helps your body decrease cravings and eat LESS at the next meal. Almond flour also happens to be gluten free (convenient for those of you living a gluten free lifestyle). From a culinary perspective almond flour has a very different mouth feel than white flour, so I like to mix it with another flour. My pick for this recipe is oat flour, which is nothing more than ground oats. I love the nutty flavor. I make my own at home by throwing rolled oats (which should be a staple in your pantry) into a blender, spice grinder or coffee grinder and whirling away until they are pulsed into a flour.

The next cookie culprit: white sugar, the ultimate empty food. As a matter of fact, white sugar could be called a depletion food. When you eat white sugar, which is stripped of all nutrients and minerals, your body has to pull from its own reserve to process it. Depletion indeed.

Sugar ?substitutes? are a much debated topic in the nutrition world. There seems to be a new miracle sweetener on the market each year and after its 15 minutes of fame comes a flood of reports on all that is wrong and evil about said sweetener (agave nectar is the perfect example).

In an effort to condense a very complicated topic my thoughts are as follows: reduce white sugar, NEVER use chemically derived sweeteners (you know, those little colored packets), and opt for minimally processed sweeteners that potentially have added health benefits. This brings me to my current favorite ? Coconut Palm Sugar, which is high in nutrients like potassium, low on the glycemic index (hello! no blood sugar spike here!) AND super, duper high in flavor. Coconut palm sugar lends a rich molasses-ey note, exactly what these cookies need.

As for fat, this part is of great interest to me and I hope you, dear reader, will digest this above all. Fat is typically seen as the big culprit in recipes and the first thing that is removed or replaced, BUT fat is essential if for no other reason than this: If there is healthy fat in a baked good you will feel more satiated and EAT LESS. Reducing fat is fine; eliminating it in a baked good, in my opinion, is not. That?s why I used coconut oil in this recipe. I think it?s the perfect luscious compliment and a wonderfully healthy option.

So here it is, a chocolate chip cookie to add to your arsenal of recipes. Be prepared if you bring these to a party, you will forever be asked to bring them to EVERY party. They are that good.

Happy Baking!

Ultimate Chocolate Chip Cookies

INGREDIENTS

• 2 cups almond flour
• 1/2 cup oat flour
• 1/4 cup applesauce
• 1/2 cup coconut palm sugar
• 1/4 cup coconut oil
• 3/4 cup dark chocolate chips
• 1/2 tsp baking soda
• 1/4 tsp salt
• 1 tsp vanilla

INSTRUCTIONS

1. Preheat oven to 350 degrees F.
2. In a large bowl combine coconut oil, palm sugar, applesauce, and vanilla. Using a wooden spoon to ?cream? together until well combined.
3. In a medium bowl combine flours, baking soda, and salt.
4. Combine dry ingredients into wet ingredients. Stir well.
5. Add chocolate chips; stir well to combine. The batter will seem a bit dry, this is OK.
6. Using a tablespoon or small cookie scoop drop batter onto a baking sheet lined with parchment paper. Alternatively, form the dough into 1/2 inch balls.
7. Press the dough down to achieve flat cookies. This dough will not spread out like a traditional cookie dough. The thickness of the cookie placed in the oven will be nearly identical to the finished product.
8. Bake for 12 minutes.
9. Allow to cool for 5 minutes before eating.

NUTRITION

For you number crunchers? this serving size is 2 cookies, the protein is a bit higher, and the calories are a snip less then a standard cookie. But the real ?pimping? benefit is the added micro-nutrients that will leave you satisfied and satiated. This, above all other elements, is the fundamental difference between this pimped recipe and your run-of-the-mill processed baked good.

Try These Recipes:

Pumpkin Spice Protein Balls

Butternut Squash Macaroni and Cheese

Sweet and Nutty Trail Mix

?

September 28th, 2012

Source: http://www.dietsinreview.com/diet_column/09/pimp-that-recipe-the-ultimate-healthier-chocolate-chip-cookie/

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Don't worship paper money, don't have blind faith in paper money!

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Don't worship paper money, don't have blind faith in paper money, or you will lose a ton of purchasing power. History has shown this to be the case time after time!

Economists and TV commentators keep saying that when there's a global economic slowdown, precious metals prices will go down. I don't know whether the second part of their statement is true in the short-run, but in the long-run, it is definitely wrong.

The more important question is: Slowdown of what relative to what?

If car producers have a slowdown in demand relative to fish producers, it may mean you can use less fish to buy more cars, because fish has become more valuable relative to cars. So the fish producers gain purchasing power relative to car producers. The car producers lose purchasing power relative to fish producers.

Even IF globally, there's a meltdown in prices - stocks, housing, agriculture, precious metals, etc - I still think precious metals (and agriculture) will gain in purchasing power relative to other things. The fundamentals for this is so strong.

If there is a collapse in global supply of real goods, real goods will gain in purchasing power relative to paper money (therefore, goods prices in terms of paper money goes up).

If there is a collapse in global demand of real goods, real goods will still gain in purchasing power relative to paper money, because so much has been printed in the past few years. And politicians and central banks are going to print even more during crisis.

It has always been about the transfer of purchasing power (or wealth) from one place to another. If people REALLY understood this principle and how it works, Keynesianism would have been extinct a long time ago. Yet, the majority of the people on the globe still have Keynesian ideas. Whether they identify themselves as a Keynesian or not is immaterial.

Questions on US economic crisis

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A friend happened to ask about the economic crisis, and I replied with a lengthly write-up. I guess I'll just put it here for those who want to read. Don't want to let it rot in the 'sent' folder. Note: I typed these off the top of my head and has done very little editing.

Question: My main objective is to write an article to explain why the US is in the current situation it is in. Starting with the subprime crisis and then going through the details of how the monetary policies were implemented and why we don’t see the results . I’m sure there are other reasons that could explain why the policies aren’t working, but I think I’m supposed to just talk about the possible liquidity trap scenario
1.       The question I  have is that I want to know how the liquidity trap in the US can be used to explain why the US’  s monetary policies are not working. I also want to know what the purpose of QE is. I know its for printing money and for the government to use the money to buy long term 30 year bonds but  I don’t know why they are buying the thirty year bonds and how that plan was supposed to stimulate the economy in the first place.
2.       Based on monetarists theory I’m using the the MV=PY equation. I don’t know how to find the velocity . cause I think if out put is not moving, money supply is increasing and inflation is growing, then V is either stationary or decreasing. How can I prove this ?
3.       Then I also want to understand how a steep yield curve in the bond market is bad for housing markets.. my lecturer made a brief statement on it but I wasn’t sure of what he means
Answer:I'm not well-versed with the economics equations, but I'll offer my thoughts if you would like to indulge me. 
1. The problem (which most economists and Obama wrongly diagnosed) with the economy was and is not about a lack of credit or liquidity. There are several dimensions to this economic problem, which I will attempt to discuss below:
The problem was that there was too much of those in the first place. In the 1990s, the Fed printed lots of money, which results in the dot.com bubble. The bubble burst around the year 2000. President Bush inherited this bubble from Clinton, and wanted to 'solve' it.  With the help of the then Fed-chairman Alan Greenspan, a lot of money was printed and flooded into the economy. The result was a drop of interest rate to 1%, a few companies were saved, the housing sector picked up, and the nation never really suffered a recession. Bush prided himself with his achievement in stopping the crisis, and blamed the free-market on the bubble. Little did he know that this money printing had led to increased speculation in other areas of the economy, namely the housing sector. People borrowed money because it was so cheap. They undertook projects that would otherwise have not been started under free-market conditions. They built homes all over the place. The Americans, flooded with this magic money, went on the biggest spending binge in history. Housing sales went up, motor sales went up, imports went up, and savings went down. It used to be that one works hard and save for a house. Now the situation has turned into one in which if you lose your job, you just go and buy a vacation house, because you expect the price to go up.
The government also came in with various programs to help the people own homes, even those with bad credit-ratings. They set up Fannie Mae and Freddie Mac to guarantee mortgages. Together with the deposit-insurance scheme which the govt had come up with to protect customers' deposits in the banks (same as those in Singapore), these 2 entities create a huge moral hazard in the financial sector. Banks do not care what they do with depositors' money, because they have the govt on their back. Depositors do not care what the banks do with their money, because they have the govt on their back. 
The market is greedy, but greed is supposed to be countered with fear and competition. With all these guarantees by the govt, the fear and competition was effectively REMOVED. Banks do not compete based on the soundless of their deposits anymore! Worse is that depositors do not care too. Think about it, an average person will spend more time researching on a cell phone that he/she is planning to buy, compared to spending time researching on a bank in which he/she wants to deposit his/her money. This is bad bad moral hazard!
So anyway, the economy looks to be booming at a dizzying pace. Greenspan, noticing this economic 'growth' (an illusion created by money-printing, really), slowed down his money-printing in the ensuing years. As a result, interest rates start to rise. Businesses which had depended on the preceding artificially low interest rates started to fold. Home loans start to go bad because people were unable to service the higher interest rates. So in 2007, we have the bursting of the housing bubble.
Obama and Bernanke inherited this bubble, and what do they do? Repeat the mistake! They printed even more money (thus lowering interest rates to 0%) and spent even more on government programs. They encouraged Americans to spend on new houses, and reward them with rebates if they buy a new house. They encouraged Americans to trade in their used but fully-paid cars for a new car, and gave $3000 incentive for anyone who does that. They destroyed the engines of the old cars (you can watch all this madness on youtube) and loaded Americans with new debt because they bought new cars. 
To your point on the purpose of QE, they did that precisely to lower the interest rates to "save" the banks and companies dependent on it, and to allow the government to spend more and service its debt. It's madness. It's mathematically impossible for the Fed to stop printing and expect no economic collapse. There's always a consequence. If the Fed stops printing, the interest rates will rise again and the banks and the govt will be bankrupt again (i have figures to back these up). Anyway the bubble they have built up now is the govt bond bubble. Now there's a mania in the US govt bond, but most people still haven't realised that. 
So, to summarise, QE won't stimulate the economy. The only thing that it will stimulate is the price of gold. LoL. We can discuss the simple mathematics on why QE doesn't work at all if you want to. People have to stop worshipping paper money and stop thinking that it is real money just because the govt says it is legal tender. I treat paper money as just another commodity which people just happens to have faith in (albeit wrongly) right now. It is a commodity which has been created in massive quantities in the past 40 years ever since the dollar was de-linked from gold in 1971. 
2. Sorry, i'm not familiar with the equation, so I can't answer it quantitatively. But correct me if I'm wrong: you're saying that M rises, P rises, and Y is unchanged? I would think Y is dropping though. I think they measured Y by considering growth of GDP and amount of inflation. So in my mind it's not accurate. GDP can be bumped up simply by printing more money and more govt-spending. Inflation is very obviously understated by official numbers (the real statistics can be found at shadowstats.com, but we have to subscribe to see it).  
Qualitatively, I think right now, the money-velocity is not high yet. There's still faith in the USD around the world, although some countries are increasingly moving away from USD. When people start to spend all those USD, when China starts to spend all their USD, then the chickens will come home to roost in the US. Inflation will be sky-high. What the US had printed up in monetary base in the past 200 years (and have a resulting 97% loss in the purchasing power of the USD), Bernanke managed to double it in just 1-2 years. It's incredible.
3. The yield curve shows the interest rates that the govt has to pay for its debt. I'm not sure what your lecturer said, but I know of 2 reasons:
- When yield curve becomes steep, many of the floating-interest-rate loans will become harder to service. A lot of bank loans' interest rates are tied to the govt bond yield. So as the yield rises, so will the interest rate on the loans. This means more people will default on their mortgages. This was what happened in the years leading up to 2007.
- I think the housing market has been dependent on government-entities like Fannie and Freddie to stay afloat artificially (they now own over 60% of all US junk housing mortgages, and buys up 90% of new mortgages). I think they have liabilities in the trillions. I have not done much research on the figures, but I see quotes saying that Fannie and Freddie adds like $5 trillion to the national debt (of course, this is off-budget and not reported by the govt's phony, unscrupulous accounting methods). When the yield curve is steep, the govt will no longer be able to spend as much on these entities to support the housing market. So they may have to release millions of homes into the market, and prices will collapse. 
I don't agree that a steep yield curve bad for housing though. It's good for housing actually. Prices need to go down to its natural level, and not stay at one induced by the Fed's money-printing and govt's artificial support. Home builders need to go bankrupt, because they are using the nation's scarce savings and resources on projects that are unsustainable. Under a free-market condition, interest rates would have risen dramatically and said STOP to these home builders. Capital will then be more efficiently allocated to more productive parts of the economy.

MCX Gold Price Gain in major Cities in India

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MCX Gold Price gained today in major cities in India. In Mumbai stock market, Standard gold (995 purity) was up Rs 125 at Rs 30306 and pure MCX gold (999 purity) was up Rs 115 at Rs 30425. More Information about MCX Gold Price visit my site mcx-trade-tips.blogspot.com

In Delhi Stock market standard MCX gold (995 purity) was up Rs 250 at Rs 30250 and pure MCX gold (999 purity) was up Rs 250 at Rs 30450.

Spot MCX Gold Rates for 10 grams in major Problem in India:

City	Gold 995 (Rs)	Change (Rs)	Gold 999 (Rs)	Change (Rs)
Mumbai (Aug 13)	30305	125	30425	115
Delhi (Aug 13)	30250	250	30450	250
Chennai (Aug 13)	30330	120	30450	120
Jaipur (Aug 13)	30250	235	30275	235
Ahmd (Aug 13)	30320	170	30445	170

Free MCX Tips For Gold Prices Rise in India

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Gold Demand in India, one of the top buyers in the world, remained subdued on Tuesday after Gold rate moved higher on a weak indian rupee and chasing a similar trend overseas. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com

* The most-active MCX gold for October delivery on the MCX was up 0.23% at Rs 30,125 per 10 grams by 0957 GMT.

* India Rupee, which determines landed cost of imported MCX gold, was trading lower on Tuesday.

* International spot MCX gold rose on Tuesday, tracking a firm euro, as a slightly better-than-expected growth data from Germany and France helped ease concerns about the two biggest economies of the euro zone.

* Rural areas, which depend on monsoon rains for agricultural yields and income, contribute to about 60.5% of the country's demand.

* MCX gold imports have already declined due to doubling of import duty, and the drought could further dent demand from rural areas.

* Festival season has started in India, the world's biggest consumer of the yellow metal last year, last week and will peak in November. Weddings will also take place during this period.

MCX Silver Nov contract Trades Flat

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Silver Rate on MCX were trading flat. At 10:51 hrs MCX Silver August contract was trading at Rs 53752.00 down Rs 17.50, or 0.02%. The MCX Silver price touched an intraday high of Rs 53789.00 and an intraday low of Rs 53711.00. So far 6064 contracts have been traded. MCX Silver rate have moved down Rs 8248.00, or 13.31% in the August series so far. More information about MCX Silver visit my site mcx-trade-tips.blogspot.com

At 10:51 hrs MCX Silver November contract was trading at Rs 55526.00 down Rs 16.50, or 0.02%. The MCX Silver price touched an intraday high of Rs 55556.00 and an intraday low of Rs 55483.00. So far 977 contracts have been traded. MCX Silver rate have moved down Rs 5364.00, or 8.80% in the November series so far.

At 10:51 hrs MCX Silver February contract was trading at Rs 57144.00 down Rs 23.50, or 0.03%. The MCX Silver price touched an intraday high of Rs 57160.00 and an intraday low of Rs 57080.00. So far 80 contracts have been traded. MCX Silver rate have moved up Rs 644.00, or 1.13% in the February series so far.

MCX Gold prices Gain in Major Cities in India

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Today, MCX gold prices rose in major cities in India. In Jaipur stock market, Standard mcx gold (995 purity) was up Rs 225 at Rs 30525 and pure mcx gold (999 purity) was up Rs 225 at Rs 30550. More Information about mcx gold price visit my site mcx-trade-tips.blogspot.com

In Mumbai stock market standard mcx gold (995 purity) was up Rs 210 at Rs 30600 and pure mcx gold (999 purity) was up Rs 200 at Rs 30740.

Spot MCX Gold price for 10 grams in major problem in India:

City	Gold 995 (Rs)	Change (Rs)	Gold 999 (Rs)	Change (Rs)
Mumbai (Aug 22)	30600	210	30740	200
Delhi (Aug 22)	30545	225	30745	225
Chennai (Aug 22)	30550	120	30750	200
Jaipur (Aug 22)	30525	225	30550	225
Ahmd (Aug 22)	30655	255	30780	255

MCX Gold Tips For Today Threat From Price Rally

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Today MCX Gold imports are set to fall further this year as global bullion rate are driven higher by surplus cash in the stock market and by a weaker dollar, delegates at a major conference on the metal said on Friday. More Information about gold tips for today visit my site mcx-trade-tips.blogspot.com

As it is the biggest consumer of bullion, In India's demand has traditionally been a key determinant of MCX gold prices, although it has been overtaken in recent years by the weight of Western investors seeking sanctuary from the global financial crisis.

"Investors in America or in Europe might step in and make up the difference, but it (India's falling consumption) is something that will have a negative impact on the MCX gold price."

MCXZ Gold rate, currently near USD 1,671 an ounce, are set to end Friday with their biggest weekly rise since early June, up 3.0% percent, after last minutes of a Federal Reserve meeting showed the US central bank is set to deliver another round of monetary stimulus "fairly soon" unless the country's economy improves considerably.

FURTHER IMPORT DUTY INCREASES FORECAST

Indian Government increased import duty for MCX gold earlier in the year, from 1.0%  to 2.0%, and then to 4.0%. One bullion banker said delegates at the conference were speculating that this may be raised further to at least 7.0%.

Local dealers reported an increase in the amount of gold flowing into India unofficially, and scrap sales are on the rise as high rupee prices and a slowing economy result in a mass selling of jewellery in India, he said.

These factors may result in a repeat of the strike action carried out by jewellers in March, the banker added, particularly if the government further increases duties.

Trading

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Nowadays everyone (well, at least those whom I know on Facebook or other sites) is trading on the market, be it in stocks, derivatives or currencies, even though these markets have been going down in real terms for the past 12 years. Well, I guess the macro trend doesn't matter as much to traders.

Traders use a lot of technical analysis - charts to be specific. Charts show the action of the market in the past, and traders attempt to observe these trends and apply it in the short-term. When I tell people: "Ah, but you can't even predict what your best friend - one single person - will do in the short term. How would you expect it to work out for a large number of people?" So far I have not gotten a satisfactory answer. It seems to me that traders agree with my statement, but somehow because the charts show the psychology and actions of a large crowd of market participants, therefore it gives some reliability in the measurement of future market actions. The Law of Large Numbers, so to speak.

Casinos also work on the Law of Large Numbers, and they are doing pretty well. But I think there is a fundamental difference here. The law of large numbers work in the favour of casinos because they know the probability of winning or losing each game. They just need to make sure that the probability of a house win is large enough, and then let the law of large numbers play out by itself.

Technical analysis, on the other hand, have no such luxury. Going back to the you-can't-even-predict-what-your-best-friend-will-do example, when you try to extrapolate this error into large numbers, the errors will seem to be pretty massive. If you don't know the probability of what particular action a particular individual will make, how will the law of large numbers work in your favour?

But maybe since most people are using this sort of extrapolation, on a relative basis, they may all 'even' out. It's like a negative and a negative making a positive. Is there such a thing? It's too complicated for my brain to comprehend this. So  as of now, I will stay out trading. :)

Original Meaning of Inflation

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http://www.minyanville.com/businessmarkets/articles/6/6/2007/id/13019
The above link leads to a nice site which explains the original meaning of inflation, something which I have been trying to tell people for a few years.
Inflation used to give a cause-based perception of rising prices. Inflation used to mean simply the increase in the supply of money. Rising prices is a direct cause of increasing the money supply. Now, inflation has evolved to give a effect-based perception of rising prices. People think that rising prices is caused by other factors, while forgetting that rising prices is the effect of money-printing! People think that because there is economic growth, somehow it is accompanied by rising prices. Where's the link? Think more!
Inflation has confused the public of cause and effect of general price increases we see everyday.It is a tool used by central bankers and politicians to steal wealth away from the population. It is a tool which allows politicians (and public alike) to blame price-increases on foreigners, bad weather, evil speculators, and greedy CEOs. And most unfortunately, it is a tool which allows people to wrongly blame the free-market for the economic problems we see around the world today.

Inflation

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In a free society, jobs are abundant, contrary to the belief that jobs are scarce. According to MOM, as of March 2012, there are 46800 job vacancies in Singapore. The problem is that most people don't want these jobs, because they are 'low-paying'. A more accurate description would be 'these jobs give low-purchasing power'. Why is that? Money-printing (inflation) is why.

I have my own index, called the kopi-index (rough-estimates). In 1970s, a fresh-grad can probably earn about $800. A cup of kopi costs $0.10, so one's salary gives a purchasing power for 8,000 cups of kopi.

Today, a fresh-grad earns about $3k (looks like a 4x increase from the 1970s! Good!). A cup of kopi costs $1. One's salary gives a purchasing power for 3,000 cups of kopi.

Feeling wealthier?

Purchasing power has been diminished greatly by money-printing.
Inflation gives the illusion of wealth. This is the real and most significant reason behind the growth in the rich-poor gap (it's not caused by greedy businessmen), the widespread phenomenon of the dual-income family, and low birthrates.


Our grandparents talk about how prices keep rising over the past few decades. Their grandparents, however, would have talked about how prices kept falling in their era (during the gold standard).

Moral of the story: protect yourself!

QE3 is officially here

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And so, QE3 has been announced officially. $40billion a month. Doesn't mean much though. Those who have done their research knows that the Fed has been printing all this while, regardless of whether they announce QE3 or not.
Back in 2010 I posted about how QE2 was another nail in their coffin. I don't know how many more nails need to go into securing the coffin, but I guess it won't be long now. QE3 is open-ended, meaning it will last till as and when the Fed pleases. They have also announced that they will keep rates low till 2015. This can only be done by money-printing. I await 2013 and 2014 with anticipation. The US has to repay tons of debt in the coming months. I wonder how they are going to do that.

Less than 3 weeks ago, I started longing gold on forex, in anticipation of this announcement. I don't like to do short-term trading, but I might as well do it since the price is going up. Although traders will say that the market has 'priced in' this announcement in the weeks leading up to today, I doubt that they 'priced in' the fact that the Fed will keep on printing indefinitely. I think we will see more traders coming into the gold market again because they did not anticipate that QE3 will be 'open-ended'.
While some of us are having fun here, this is very sad news for the US citizens. The Fed's actions over the past few decades have destroyed the saving class. As always in history, this is how an empire ends.

MYTH: "There is not enough gold for world trade"

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A $100 reward for anyone who can dispel the logic in this article.
I've heard this argument time and again: There is not enough gold in the world for trade. So, I would attempt to show why this is not the case in one single post, in the hope that I do not have to repeat myself again :)

I start with an excellent quote by James Rickards from his book "Currency Wars: The Making of The Next Global Crisis":
"Statements like this illustrate one of the great misunderstandings about the role of gold. It is misguided to say that there is not enough gold to support world trade, because quantity is never the issue; rather, the issue is one of price. If there was inadequate gold at $35 per ounce, the same amount of gold will easily support world trade at $100 per ounce or higher... If the price of gold was too low, the problem was not a shortage of gold but an excess of paper money in relation to gold."
I'll try to explain:
James Rickards said this statement in the context of the 1960s, when the popular notion was that there wasn't enough gold for world trade, and when gold was still artificially priced lowly at $35 per oz. The government had printed too much USD paper money, and was unwilling to adjust the price of gold upwards in reflection of this new supply of paper. As a result of this monetary inflation, prices of goods soared, and naturally, trade priced in terms of dollars went up too. When people take a high world trade volume (priced in terms of USD) and compare it with the $35/oz gold, the natural instinct is to think that there wasn't enough gold to support the trades. If the government had been honest and devalued the USD relative to gold, the price of gold would have soared, and people would have realised that the quantity of gold is not the issue.
Even if the amount of gold in the world today is cut by half, there will still be more than enough gold. With the advance in measurement and digital technologies, we can even measure the amount of gold using 'atoms of gold' rather than 'oz of gold'. There is more than enough gold!
Is there the other side of the coin on this issue? Well, as always, there is. The kicker is that the 'there-is-not-enough-gold' crowd will be right -- IF, say, an alien came to earth and stole all the gold, and left us with only 1000 atoms of gold. In that scenario, yes, there will not be enough gold to go around for world trade.
Even so, even if we take all the gold away from the world, and all the paper money away, trade will still go on. There may be some short term consequences, but the market will find a new form of money to use, if the government does not interfere in this natural process.

One must remember that money is a means, not an end. It is a medium of exchange, which we use to exchange all our real goods with each other. It's the exchange of real goods. It's not about export vs import, or buy vs sell. Export is essentially the same as import. To export is to import. To buy is to sell. The only reason why a nation exports is to import. Think in terms of 'exchanging goods' rather than 'export/import'!

Creating more unites of a medium of exchange (money) only stimulates price inflation.

MCX Tips For Gold Hits Record High

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In India benchmark October MCX gold contract extended gains on Monday morning to hit a record to high of Rs 31,076 per 10 grams, following a rally in the world stock markets and on a weak indian rupee. More Information about MCX Tips visit my site mcx-trade-tips.blogspot.com

International spot MCX gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant.

However, a rate rise is set to trim India MCX gold consumption, and subsequently imports, in the peak festive season.

MCX Gold Prices Trading Lower in India

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MCX Gold prices were trading lower in major problem in India. In Chennai stock market, Standard MCX gold (995 purity) was down Rs 20 at Rs 31095 and pure gold (999 purity) was down Rs 20 at Rs 31220. More Information about mcx gold price visit my site mcx-trade-tips.blogspot.com

In Ahmedabad stock market standard MCX gold (995 purity) was down Rs 75 at Rs 31010 and pure gold (999 purity) was down Rs 75 at Rs 31135.

Spot MCXC Gold price for 10 grams in major metros in India:

City	Gold 995 (Rs)	Change (Rs)	Gold 999 (Rs)	Change (Rs)
Mumbai (Aug 31)	31035	5	31180	5
Chennai (Aug 31)	31095	-20	31220	-20
Ahmd (Aug 31)	31010	-75	31135	-75

MCX Tips For : Gold Oct around Rs 31600-31650; SL Rs 31380

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Max Commodity has come out with its weekly outlook on MCX Gold, Silver. According to the research firm, one can buy MCX Gold October between Rs 31650-31600 with a stop-loss of Rs 31380, for a target of Rs 32200. More information about mcx tips visit my site mcx-trade-tip.blogspot.com

MCX GOLD OCTOBER (CMP 31,896 / $ 1735.40)

MCX Gold October as seen in the weekly chart above has opened at 31,311 initially moved lower, but found very good support at 31,186 levels. Later prices rallied sharply breaking both the resistances towards 32,004 levels and finally closed sharply higher from the previous weeks closing levels.

For the next week we expect gold prices to find Support at 31,700 31,640 levels and further below strong support is seen at 31,400-31,340 levels. Trading consistently below 31,320 levels would trigger sharp correction initially towards 30,955 then 30,881 and then finally towards the major support at 30,625 levels.

Resistance is observed in the range of 32,220-32,250 levels. Trading consistently above 32,260 levels would lead towards the strong resistance at 32,490-32,520 levels, and then finally towards the Major resistance at 33,024 levels.

MCX / Spot Gold Trading levels for the week (10.09.2012 to 14.09.2012)

Trend: Up
S1-31,700 / $ 1720 R1-32,220 / $ 1756
S2-31,400 / $ 1699 R2-32,520 / $ 1777

Buy MCX Gold October between 31,650-31,600, SL-31,380, Target -32,200

MCX Silver Rate Trading Mixed in Major Problem in India

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MCX Silver prices were trading mixed in major problem in India. In Ahmedabad stock market, Pure silver (999 purity) was down Rs 155 at Rs 62720 and in Chennai stock market it was up Rs 200 at Rs 60500. More Information about MCX Silver visit my site mcx-trade-tips.blogspot.com

Spot MCX Silver price for 1 KG in major problem in India:

City	Silver 999	Change (Rs)
Mumbai (Sep 17)	63730	0
Ahmedabad (Sep 17)	62720	-155
Chennai (Sep 17)	60500	200
Delhi (Sep 17)	61900	-100
Jaipur (Sep 17)	61500	200

Strong Rupee Triggers MCX Gold Buy in India

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A drop in local MCX gold rate to a three-week low prompted a wave of buying in India on Monday, while an upcoming week long holiday in China has generated some physical mcx gold buying interest. More information about gold tips for today visit my site mcx-trade-tips.blogspot.com

MCX Gold demand traditionally rises in the last quarter of the year in India and China, the world's top two mcx gold consumers, as consumers buy gold for festival celebrations and weddings that typically take place during this season.

India's benchmark MCX gold rate dropped to a two-week low of Rs 31,281 per 10 grams, as the Indian currency continued to rally and climbed to a 4-1/2-month high.

Indian is getting ready towards the event and wedding season, which will optimum at the Hindu event of lighting in Nov. Gold is an extremely important part of dowry and gifts provided during the event parties.

The extended Nationwide Day holiday at the beginning of Oct in Chinese suppliers, usually noticeable by active jewelry store business, assisted produce some purchasing in Hong Kong, while in Singapore there was a mix of light dealing, traders said.

Spot MCX gold lost half a percent to USD 1,762.7 an ounce by 0749 GMT, easing from USD 1,787.20 hit in the previous session and marking the highest level in nearly seven months.

Political doubt before a authority change in Chinese suppliers next month included to the unwillingness of customers to spend generously on jewelry. They have already become less prepared to buy high-class products as economic development showed up to be reducing, he included.

China's MCX gold jewellery demand in the first half of the year increased slightly from a year earlier to 250.4 tonnes, though second-quarter demand dropped 9 percent on the year, according to the World MCX Gold Council.

MCX Gold bar premiums in Hong Kong were steady, quoted in a range of 40 cents to USD 1 above London prices. In Singapore, premiums were little changed at 20 to 40 cents, dealers said.

If competition in currency is allowed

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This is a topic which I've talked about before, but I would like to put it on record.

We are born into a world of fiat money, a world where governments or the central banks have complete monopoly over the nation's money. The IMF prohibits member nations from backing their currencies with gold. We are forced to use these paper money because governments declared it to be 'legal tender'. Court settlements, fines, and taxes can only be settled in these monopoly money. Taxes are slapped on other monetary alternatives such as gold or silver. These leave people with little choice but to use the monopoly money.

What if we can repeal this legal tender law? What if competition in currency is actually allowed?

In Singapore, banks like UOB, DBS, OCBC, Maybank, etc etc will start issuing their own notes. They may come up with something like "UOB Dollar", "Maybank Ringgit", or whatnot. To instil public confidence in their currencies, they may back it with something tangible, such as precious metals.

In light of the rampant fiat monetary inflation around the world today, I - after doing some due diligence - will be among the first to convert some of my money into these notes. I will then post on FB: "I've put my savings in UOB Dollar, and it's backed by gold. Have you?"

I imagine some people will start to do the same. Pretty soon, people will flock into these bank notes. If this happens across the world, we will see many national currencies self-destruct, because they are backed by nothing but its government's promise to maintain its value, and because they are printing them at record rates.

Oh, Warren Buffett

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Finally finished the hefty 710-pages biography of Warren Buffett. Didn't quite like him at first but I thought it would be good to read up about him. A great personality with great passion, drive and focus. One can only dream to be 10% as hard-working as he is. I gained more respect for him as a person after reading the book. However, it's unfortunate that his calls for the 2008 $700 billion bailout of failed financial firms and his distaste towards gold will be his biggest mistakes in the later part of his life. The worst thing is that many people who look up to him will be affected following these 2 advices. I've seen videos of congressmen quoting him so that they can push their bailout and spending agendas. It's not easy to have such great power I guess.

The Education Bubble

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When will the US higher-education bubble burst? I wish there is a way to short-sell the education bubble.
The students have more than $1 trillion in debt. Several well-known institutions have bad balance sheets - Harvard, Princeton, Stanford. Even sub-standard colleges charge absurd tuition fees. How is all this possible?
Answer: Govt-guaranteed student loans. When the politicians started politicising education a few decades ago, with their 'no-child-left-behind' mantra, that's when education costs really went up. It used to be that people can work summer or part-time jobs and pay for their tuition fees. But today, this is impossible.  Absent these student loans, tuition fees would have been very low. Colleges will be forced to slash costs and compete with each other based on costs. But because of these government-backed loans, colleges simply jack up tuition fees year after year.
In Singapore, we see similar things happening. I was rather appalled when I go back to NUS from time to time to see the kind of renovations that they've put up to make it all look nice and dandy. All these while, the tuition fees have been increasing. I'm lucky that I wasn't employed into NUS' fundraising department a few years back. I think one of the interviewer was visibly annoyed when I attacked the banking system, and that could have cost me the interview.
With today's technology, education should be very cheap. It is now so much more easier to learn compared to just a few decades ago. Information is so freely available on the internet. But guess what, governments force us to attend their public schools, paid for by taxpayer money, and force their one-size-fits-all education program down our throats.
From my experience as a private tutor, I see more and more students getting desperate. More and more students complaining to me that the lessons in school are sub-standard and don't interest them.
When I look around at university programs, we're made to take courses that don't matter to our studies. A lot of undergraduates try to take courses that require minimal effort. A lot of undergraduates do enough just to get by. We are kind of forced to pay so much money for it, but the services are bad. All those money goes into fancy buildings and projects. Under a free-market education system, this kind of problem will not be so widespread! Without government monopoly rules, colleges will spring up everywhere and compete for students. There will be colleges specialising in different fields. Students will be studying what they really love, and take courses that really matter to them.

Modern PhD vs ancient Kings

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Think modern central bankers and economists and PhDs are better managers of our money than their counterparts who lived 2000 yrs ago? Think again. I have compiled a few examples. It's difficult to get data from ancient times but what I got so far is striking. 

(rough estimates of currency value vs real goods):
US Fed -> 1913-2011 (abt 100 yrs). The USD has lost over 95% of its value 
Singapore MAS -> 1970-2011 (abt 40 yrs). The SGD has lost over 90% of its value 
UK BOE - 1900-2011 (abt 100 yrs). The GBP has lost over 98% of its value
Swiss SNB - 1945-2011 (abt 60 yrs). The Swiss franc has lost over 65% of its value

Info on ancient price systems are hard to find, but here're 2 of them:

Roman Republic - 3rd century BC-1st century BC (over 200 yrs). The Silver Denarius maintained 100% of its value.
Byzantine Empire - AD 498 - AD 1030 (over 500 years!). The Gold Solidus maintained 100% of its value.

Of course, eventually, these currencies also failed, for the same reasons as all currencies after that: Debasement.

In our modern world, it's called Money-printing (or more euphemistically - "Quantitative Easing", "Operation Twist", "Lowering the interest rate", "Currency devaluation to help exports", etc). Why debase money? Politicians over-promised and overspent (along with other reasons due to the intricacies of the modern monetary system).

Notable World "reserve" currencies:

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Currencies that circulate outside its issuer's borders:

5th century BC: Athenian drachma (silver)
1st century BC - 4th century AD: Roman aureus and denarius (gold and silver)
4th - 12th century: Byzantium solidus (gold)
13th - 15th Century: Florence fiorino (gold)
17th - 18th Century: Netherlands gulden (gold)
18th - 19th Century: Spanish peso de a ocho (silver)
19th - 20th Century: British pounds (gold to fiat)
20th - 21st (highly likely) Century: US dollar (gold to fiat)
21st - ?? Century: Chinese RMB?? (fiat to gold/silver ???) --(or some form of a world currency, eg. IMF's SDR)

China closes in on Bo Xilai after jailing ex-police chief

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By Chris Buckley

BEIJING | Mon Sep 24, 2012 12:02am EDT

BEIJING (Reuters) - China's ruling Communist Party took a big step towards sealing the fate of fallen politician Bo Xilai on Monday, when a court jailed his former police chief for 15 years over charges that indicated Bo tried to derail a murder inquiry.

The court in southwest China handed down the sentence against Wang Lijun after finding him guilty on four charges, including seeking to cover up the November 2011 murder of a British businessman, Neil Heywood, by Bo's wife, Gu Kailai.

The verdict ended the career of one of China's most controversial police officers and moved the party closer to deciding the fate of Bo, whose downfall has shaken a leadership handover due at a party congress as early as next month.

"Wang Lijun exposed clues of major law-breaking and crimes by others," said the court verdict, according to the Xinhua news agency. It did not say who those other people were.

"He rendered a major contribution, and according to the law he can receive a lighter sentence," said the court. Wang could have received life imprisonment, or even a death sentence.

The relatively mild sentence, following official confirmation that Wang gave incriminating leads and that Bo beat him after Wang confronted him over the murder allegations, gave credence to predictions that the party will also move to jail Bo, said Li Weidong, a political commentator in Beijing.

"I'd guess now that even within a week the party could announce that he has been handed over to legal authorities," said Li, a former magazine editor who has closely followed the scandal around Bo. "I think he'll certainly face trial."

Experts have offered divided views over whether the party will put Bo before a criminal court or spare him and the leadership that disgrace by simply meting out lighter disciplinary punishment within the party.

Some still see that latter course as more likely.

Before Chinese authorities can launch a criminal investigation, the party leadership must first hear the results of an internal investigation and decide whether to hand Bo over.

That could happen at a leadership conclave that must take place before the bigger party congress convenes.

"If there's not a decision on that (Bo case) soon, then it could be difficult to hold the party congress by mid-to-later October," said Li, the political commentator.

THE SLAP THAT CHANGED HISTORY

The Intermediate People's Court of Chengdu in southwest China said Wang, former police chief of southwestern Chongqing municipality, received the sentence for "bending the law for selfish ends, defection, abuse of power and bribe-taking", according to state-run Xinhua.

"Wang Lijun stated to the court that he will not appeal," it said. Wang's lawyer, Wang Yuncai, was not immediately available for comment.

The scandal that felled both men erupted after Gu murdered Heywood in Chongqing, where Bo was the flamboyant party chief.

As well as the conviction for sabotaging an investigation into the murder, Wang was found guilty of defecting to a U.S. consulate, taking bribes and conducting illegal surveillance.

Officials have said the murder arose from a business dispute in Chongqing, which Bo and Wang ran as their fiefdom.

After first helping Gu evade suspicion of poisoning Heywood, Wang then hushed up evidence of the murder, according to the official account of Wang's trial. In late January, Wang confronted Bo with the allegation that Gu was suspected of killing Heywood. But Wang was "angrily rebuked and had his ears boxed".

Days later, Bo stripped Wang of his post as Chongqing police chief. The court verdict said that several of Wang's subordinates were "illegally investigated".

Wang, fearing for his safety, fled to the U.S. consulate in Chengdu where he hid for more than 24 hours until Chinese officials coaxed him out.

In August, Gu was sentenced to a suspended death sentence, which effectively means life in prison.

Wang sealed his fate at a trial a week ago by admitting the charges, Xinhua said. Only official media outlets were allowed inside the courtroom.

"As for the crimes that the prosecution has alleged, I understand them, I admit them and I am repentant for them," Wang told the court in Chengdu, about 300 km (190 miles) from Chongqing, according to that earlier account.

In March, Bo was sacked as Chongqing party boss, and in April he was suspended from the party's Politburo, a powerful decision-making council with two dozen active members. So far, Bo has been accused only of breaching internal party discipline, and his defenders have accused foes of exploiting the charges against Gu to topple Bo.

"The prosecutors said Wang exposed leaders to major crimes by others," said Li Zhuang, a Beijing lawyer who opposed Wang and Bo for mounting a sweeping crackdown on foes in the name of fighting organized crime. Bo was the likely target of Wang's allegations, said Li.

"That was a slap around the ears that changed history," Li said of Bo's action against Wang. "Otherwise, Bo might still be in power and hoping to rise higher."

(Additional reporting by Sally Huang and Terril Yue Jones; Editing by Mark Bendeich and Nick Macfie)

Source: http://www.reuters.com/article/2012/09/24/us-china-trial-idUSBRE88M0DA20120924?feedType=RSS&feedName=worldNews

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Nash Kobe doesn't follow? Experts - Recreation and Sports

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Beijing time on September 23rd, in contrast to Jordan occupation career amazing shooting 50% from the field, Kobe ( micro-blog ) has been dubbed the title fight tetsuo. Experts believe that the arrival of Nash might have saved Kobe bad shot hit rate, while the 50% and the hit rate for Kobe is not realistic, but 47-48% shooting still has hope ?
When Nash came to the Lakers, Kobe?s shooting is expected to china nfl jerseys?reach the Jordan occupation career average of 50%?
50% of the hit rate is not a simple digital, the inside players might not, but for a perimeter players, difficult beyond your imagination.
Take the union current hot three player Kobe, James and Durant to a group of data to make a comparison.
Kobe in his occupation career, the average shooting 45.3% from the field. Shooting the highest for a season in the 2001-02 season, Kobe was shooting up to 46.9%.
Durant is better, his occupation career average shooting 46.8% from the field. Shooting the highest for a season in the 2011-12 season, Durant was shooting up to 49.6%.
James is two better than the above, his occupation career average shooting 48.3% from the field. Shooting the highest for a season in the 2011-12 season, James was shooting up to 53.1%.
Of the three players hit rate is good, but compared with Jordan, they are floating clouds.
Jordan in the occupation career average shooting 50% from the field, shooting the highest one season in the 1990-91 season, when Jordan shooting for 53.9%.
But Kobe ?s shooting and James, Durant, not too much comparability, because Kobe is a perimeter player, while James and Durant are playing small forward. Kobe ?s and Jordan can be compared.
And compared to Kobe Jordan, shooting some be inferior by cheap nfl jerseys?comparison, one is the occupation career field are 50% shooting, one is the occupation career high shooting average is 46.9%, gap immediately revealed.
Some people say, Jordan has such high hit rate, Pippen played. It was also called before the Kobe occupation career, not enough for a good ball control guard to give him the ball.
When Nash and Howard arrived, all this without any doubt, passing Nash Kung Fu in league history to have a number. In addition, Howard inside will attract more attention, this will also give Kobe enough to create good spaces.
So, Kobe has a chance, but on account of his occupation career field-goal percentage has never exceeded 50%, and is the 34 year old, so I want to reach 50% unrealistic. Estimation of 47-48% shooting is possible.

Source: http://millonariossite.com/nash-kobe-doesnt-follow-experts-can-reduce-the-gap-with-jordan.html

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Today’s Gold price per ounce Spot gold price per gram; Price of Silver; Metal Market Trends August 8, 2012 mid-day

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DG365FD46564GFH654FU898

Today’s Precious Metal Market trend review today August 8, 2012 mid-day:

Gold price dropped lower during the last full trading session and December contract closed the day at 1,612.80 per troy ounce. Silver contract finished the last session at 28.09 per troy ounce. This morning, price trends for both gold and silver were tracking lower. Stock futures were also negative prior to opening bell this morning. Traders appear to be stepping back today, after three consecutive days of a market rally, to further process the current economic conditions in the U.S. and abroad. Additional financial support options are still on the table in the U.S. and eurozone and investors wait on news that will promote or diminish the potentials. Currently, gold and silver price trend-lines have tracked positively over the last several weeks. Silver one month price change is positive by 2.54 percent. Gold’s one month price change is positive by 1.61 percent.
As today’s trading session reached the mid-day mark, gold and silver price trends were mixed.

Today’s gold price per ounce and silver price per ounce mid-day review August 8, 2012 mid-day: December contract gold was tracking higher today as of the mid-day mark. Gold price was positive by .14 percent at 1,615.10 per troy ounce according to mid-day electronic price post. September contract silver was lower by .45 percent at an electronic price of 27.96 per troy ounce as of the mid-day mark.

Price trend review for spot gold and spot silver today August 8, 2012 mid-day:

Price trends for spot gold and spot silver were mixed halfway through the trading session today. Spot gold price per gram was higher at 51.88 and spot silver per ounce was lower at 28.06 at mid-day.

Camillo Zucari

Randgold earnings beat views, projects on track

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Randgold earnings beat views, projects on track

MarketWatch – 9 minutes ago

By Alex MacDonald. LONDON–West-Africa-focused gold producer Randgold Resources Ltd. (NASDAQ:GOLD) Thursday reported a better-than-expected rise in second-quarter earnings due in part to higher gold output and said its growth projects remain on …

Randgold Resources sees its half-year profits jump by 41% – Stock Market Wire
Randgold Q2 profit, production up despite Mali unrest – Reuters

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Today’s Gold price per ounce Spot gold price per gram; Price of Silver; Metal Market Trends August 8, 2012 mid-day

DG365FD46564GFH654FU898

Today’s Precious Metal Market trend review today August 8, 2012 mid-day:

Gold price dropped lower during the last full trading session and December contract closed the day at 1,612.80 per troy ounce. Silver contract finished the last session at 28.09 per troy ounce. This morning, price trends for both gold and silver were tracking lower. Stock futures were also negative prior to opening bell this morning. Traders appear to be stepping back today, after three consecutive days of a market rally, to further process the current economic conditions in the U.S. and abroad. Additional financial support options are still on the table in the U.S. and eurozone and investors wait on news that will promote or diminish the potentials. Currently, gold and silver price trend-lines have tracked positively over the last several weeks. Silver one month price change is positive by 2.54 percent. Gold’s one month price change is positive by 1.61 percent.
As today’s trading session reached the mid-day mark, gold and silver price trends were mixed.

Today’s gold price per ounce and silver price per ounce mid-day review August 8, 2012 mid-day: December contract gold was tracking higher today as of the mid-day mark. Gold price was positive by .14 percent at 1,615.10 per troy ounce according to mid-day electronic price post. September contract silver was lower by .45 percent at an electronic price of 27.96 per troy ounce as of the mid-day mark.

Price trend review for spot gold and spot silver today August 8, 2012 mid-day:

Price trends for spot gold and spot silver were mixed halfway through the trading session today. Spot gold price per gram was higher at 51.88 and spot silver per ounce was lower at 28.06 at mid-day.

Camillo Zucari

Randgold earnings beat views, projects on track

DG365FD46564GFH654FU898

Randgold earnings beat views, projects on track

MarketWatch – 9 minutes ago

By Alex MacDonald. LONDON–West-Africa-focused gold producer Randgold Resources Ltd. (NASDAQ:GOLD) Thursday reported a better-than-expected rise in second-quarter earnings due in part to higher gold output and said its growth projects remain on …

Randgold Resources sees its half-year profits jump by 41% – Stock Market Wire
Randgold Q2 profit, production up despite Mali unrest – Reuters

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Steve Bing donates $30 million to Motion Picture & Television Fund

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