Gold & Silver Prices Mutual racing>>

NEW YORK NewsEcoInfo Reported- Gold prices soared, nearly reached USD1.570 per ounce in trading on Friday. It is also driven by interest rates and a weaker dollar also weakened.
When trading closed in London at the royal wedding feast, the golden afternoon trading in New York reached USD1, 569.32 per ounce before sliding back to the range of USD1.565.

"Gold took advantage of the weakening U.S. dollar and has been attacked for three days in a row," said an analyst at Commerzbank as quoted by AFP on Saturday (04/30/2011).
"The fact that the gold price rise is largely driven by the United States (U.S.) is reflected in price movements in the euro, where trade has barely changed," he added.

The metal has almost doubled increasing since late 2008 and has risen almost without interruption just below USD300 in 2001.
As for trade silver has reached USD49, 17 per ounce. It's also one in which a record increase of $ 10 in just 30 months.(NewsEcoInfo)

::Just BCA Profit Grows 4.4%>>

JAKARTA NewsEcoInfo Reported - PT Bank Central Asia Tbk (BBCA) recorded a net profit in quarter I-2011 at Rp2, 0 trillion, an increase of 4.4 percent compared to first quarter of 2010.

"We will continue to enhance customer convenience in conducting transactions, our net income increased 4.4 percent compared to first quarter last year," said President Director of BCA DE Setijoso in Jakarta, Thursday (28/04/2011).
Then he added to the net interest margin (NIM) rose 30 bps to 5.4 percent in the first quarter-2011, 5.1 percent from the previous same period the previous year. To return on assets (ROA) stood at 3.1 percent and return on equity (ROE) of 26.2 percent in the first quarter-2011.

For NPL, BCA was at 0.7 percent with the NPL ratio of reserves to 390.2 percent. (NewsEcoInfo)

:Gold Parking at USD1.508, 96/Ounce>>

JAKARTA NewsEcoInfo Reported - Gold prices rose again moved in the middle of the United States dollar (U.S.), which is in its lowest position in the last two and a half years. In addition, investors seemed to wait and see the results of the Fed meeting that discusses the monetary policy leeway.
As reported by Reuters on Wednesday (04/27/2011), price of gold in the spot market rose 0.5 percent to USD1.508, 96 per ounce. This gold price was at its highest position at the weekend with parking in awa USD1.518 level. Meanwhile, gold prices in the futures market rose 0.4 percent to USD1.510.

On the other hand, silver prices also rose one percent to USD45, 96 per ounce. Previously, the price of this metal had slipped as much as three percent, this is the biggest drop in six weeks.
In futures markets, silver prices rose 2.3 percent to USD46, 08 having previously also dropped to 5.4 percent.

All eyes were on the U.S. central bank meeting, the Fed, led by Ben Bernanke. Diekspetasikan, the central bank will not rush back to support large companies by raising interest rates.
(NewsEcoInfo)

:3 Major U.S. Indices Print record high>>

NEW YORK Newsecoinfo Reporter - The financial statements are positive from a number of issuers in the United States (U.S.) stock market managed to push a positive move. Plus a number of reports of issuers inin mebuat berekspetasi market participants other issuer's financial statements will also be positive.
S & P 500 Index this time touched the 1344 level. This is a resistance level. Thus, this index opportunity to strengthen further the open.

Ford Motor Co., 3M Co. and United Parcel Services Inc. are among the names of bellwether for the impressive, continuing a series of positive financial reports, better than.
"This increase is the result of multinational companies that have reported good earnings numbers. Which is also projecting a positive thing in the future. They are blue-chip issuers who will be more radiant," said managing director at Rosenblatt Securities, Joseph Benanti as quoted by Reuters, in New York.

Shares of 3M, a Dow issuers, increased 1.9 percent to USD95, 94. While UPS rose 0.9 percent to USD74, 30. And Ford rose 0.7 percent to $ 15, 66.
According to Thomson Reuters data, as much as 35 percent of the total listed companies, amounting to S & P 500 companies have reported earnings. Where 76 percent exceed the expectations of analysts.

But there are some disappointments. Shares of Coca-Cola Co. fell 1.2 percent to USD66, 93, after its revenue in Japan fell. So is the U.S. Steel Corp. and Netflix Inc., which has decreased the share price after announcing financial statements seen as negative.
The three major U.S. stock index reached its highest level this year, even the Nasdaq rose to its highest level since October 2007. But actors seem to wait and see trades for a press conference ahead of the U.S. Federal Reserve Chairman Ben Bernanke.

At the close of trading on Tuesday (04/26/2011) local time, the Dow Jones industrial rose 115.49 points, or 0.93 percent at 12595.37. The broader Standard & Poor's 500 index rose 11.99 points, or 0.90 percent, to 1347.24. And the Nasdaq Composite Index rose 21.66 points, or 0.77 percent to 2847.54. (Newsecoinfo)

::The Gold Price Starred in USD1.528, 1 per USD>>

SINGAPORE newsecoinfo Reported - Gold prices continued to strengthen prices. This precious metal was once again a record price at USD1.518, 10 per ounce.
As quoted by Reuters, in trading on Monday (25/04/2011) the price of gold is the highest scoring rekot. But, in early trading today, Tuesday (26/04/2011) experienced a slight weakening commodity prices as much as 0.2 percent to USD1.505, 06.

So is the gold in the futures market which yesterday scored a record at USD1.519, 2 also fell to USD1.505, 60.
While the price of silver also experienced a price increase and a record in history at the level of USD49, 82 per ounce. But this morning was also re-price weakened 0.8 percent to USD46, 53.

In futures markets, silver was also a record at $ 50,, 35 per ounce and then went down 1.3 percent to USD46, 53.
The increase in commodity prices of these metals occurred over the long weekend market is also due to positive expectations for the Fed meeting which will take some time to come.(newsecoinfo)

::Wall Street Depressed Manufacturer Huggies >>

NEW YORK Newsecoinfo Reported - The stock market is the United States (U.S.) closed lower due to the negative outlook from Kimberly-Clark in which rising commodity prices would seem to undermine the company revenue in the coming quarter.
Transactions that occur is also low. Where only approximately 5.4 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq, below the daily average of 7.74 billion shares.

Kimberly-Clark's shares down 2.7 percent to USD64, 24 due to increased raw material increased to more than double than the company expected.
The threat of higher commodity prices will remain in the spotlight of the week will be busy with quarterly earnings reports I. Where's the next big corporate names of the 180 companies whose shares are included in the S & P 500 will be released soon, including Procter & Gamble and Colgate-Palmolive.

"Weakening trend will be the next thing because the cost is higher," said managing director of ICAP Equity Ken Polcari, as quoted by Reuters, in New York.
Kimberly-Clark, maker of baby wipes and diapers once with the Huggies brand, is one of the most vulnerable to rising commodity costs for products containing oil-based materials and paper.

At the close of trading on Monday (25/04/2011) local time, the Dow Jones industrial fell 26.11 points, or 0.21 percent to 12479.88. The broader Standard & Poor's 500 index dropped 2.13 points, or 0.16 percent to 1335.25. But the Nasdaq Composite Index rose 5.72 points, or 0.20 percent, to 2825.88.(Newsecoinfo)

::28 Closed Back FDIC Troubled Bank>>

WASHINGTON Newsecoinfo Reported - 28 banks in Illinois and Nevada was forced to close by the United States Financial Regulatory Agency in order to improve the economy and credit crunch.
Thus was launched Asociated Press, Saturday (04/09/2011). The banks covered by the Federal Deposit Insurance Corp. (FDIC) is the Western Springs National Bank and Trust, in Western Springs, Illinois, with total assets of USD186, 8 million and total deposits USD181, 9 million.

The same was done in Las Vegas, Nevada Commerce Bank, with total assets of USD144, 9 million and USD136, 4 million in deposits. Thus, Illinois became one of the hardest hit areas due to the many banks that failed.
Sixteen banks have closed in the state last year. Currently, the closure of Springs National Bank is the fourth bank failure in Illinois this year.

However, the bank closure this year recorded was lower than last year. In the same period last year, regulators have shut down 42 banks and total bank closed by the FDIC in 2010 were 157 banks.
FDIC has said that in 2010 probably was the peak of bank failures, if compared with 2009 that only 140 banks. karenannya FDIC said in 2010, is closing most since the crisis of the savings-and-loan two decades ago.

Increasing the number of bank failures has swallowed billions of dollars in losses from deposit insurance funds, where in 2009 the deficit has reached $ 7, 4 billion.
Meanwhile, the existing number of problem banks on the FDIC's secret list rose to 884 in the last quarter of last year, from 860 in the third quarter. 884 troubled banks is the highest number since 1993, during the crisis of the savings-and-loan.

FDIC expects the cost of bank failure resolution which totals approximately USD52 billion, to meet until 2014. (Newsecoinfo)

::2011 Growth in India is estimated Cars Will Decline 18%>>

NEW DELHI Newsecoinfo Reported - Indian Automobile Manufacturers' Association of India said that soaring commodity prices and strong monetary policy to curb inflation may cause the growth of car production will slow slightly in the range of 16-18 percent this year.

Car sales in India by 2010 had jumped by 30 percent. This is the most biggest increase since a decade ago, however with the rising cost of raw materials can lead to too slow growth of car production in the future.

"We have ended 2010 yesterday with a high achievement, because we have a strong foundation," said President of Indian Automobile Manufacturers' Association (SIAM), Pawan Goenka, As reported by AFP from the site on Saturday (09/04/2011).

As information after China, India is a country which has the second fastest growth in the automotive market.
Car sales grew to 1.98 million units as of March 2011 from the achievement of last year which only reached USD1, 53 million units driven by cheap credit and will launch the latest car models.

"Until this March, car sales in India, Asia ranks third with an increase of 23.47 percent to 194,199 units from the same month the previous year," said Pawan.

Pawan further adding to March 2011, the percentage gain in car sales in India reached the highest figure since 2000 when keuntunggannya of reaching up to 60 percent.

The most popular car is the Maruti Suzuki Japanese products, which rose 26.24 percent to 966,447 units in 2010. For Motor Sales, achieved by Hyundai of South Korea which rose by 13.95 percent to 358,904 units.

In the meantime, if viewed from the side of commercial vehicle sales, refers to an important barometer for economic health, an increase of 15.35 per cent to 77,688 units from last year. In addition, total sales of motor vehicles grew by 19.42 percent in March, 1,465,909 units of the same month the previous year. (Newsecoinfo)

::Stagnant production, Honda Promises Not to lay off Employees>>

WASHINGTON Newsecoinfo Reported- American Honda Motor Company, Inc., promised not to lay off employees, although there will be a big loss due to the cessation of production for several days because of delays in deliveries of spare parts.

Honda says this production delay occurs due to lack of spare parts. It is still going to happen during the next week, although so Honda will still be for the total production may be back to normal.
However, Honda said it will cut the number of employees to make savings. "Honda will not do layoffs at one of its facilities (United States)," the company said in a statement, as reported by AFP on Saturday (09/04/2011).

While other car manufacturers who are also from Japan, Toyota was forced to halt production for about five days to several weeks.
"We are slowing down production. This was done for the savings, but we still keep the production as much as possible," said the Director of Toyota North America, Steve St. Angelo.

The delay is the impact of earthquakes with magnitude 8.8 force menghamtam Japan. Berkuatan devastating earthquake that caused tsunami as high as 6 meters of Honshu. Severe damage was also visible location hit by the quake.
In Indonesia, several large companies in electronics and automotive sectors, must cut production. In addition, the minister of Industry, MS Hidayat add direct investment from Japan to Indonesia was also inhibited.

"To the north of Tokyo that there are areas especially automotive and electronics industries, they are not working. Schedule or Foreign Direct Investment program or direct investment from Japan to Indonesia to be blocked. This is mainly going to be interference in Indonesia's private cooperation with Japan, especially in electronics and automotive sectors with components not manufactured in Indonesia who need supplies from Japan, "said Hidayat few weeks ago. (Newsecoinfo)

Gold Prices Down!

SINGAPORE Newsecoinfo Reported- Gold prices fell due to the strengthening of the United States dollar (U.S.) ahead dipublikasinya nonfarm payrolls report.
As quoted by Reuters on Friday (01/04/2011), price of gold in the spot market dropped by $ 4, 33 per ounce to USD1.432, 15 per ounce. And on Thursday (31/03/2011) yesterday, the price of gold is nearly one percent on concern the global inflation triggered by stronger oil prices. Previously, the gold price even touched its highest level in USD1.447 last week.

While in the futures market, the price of gold for April delivery fell $ 6, 2 per ounce to USD1.432, 7 per ounce.
U.S. nonfarm payrolls are expected to increase to 190,000 after rising 192,000 in February. Thus, according to Reuters survey the unemployment rate will stabilize at its lowest level during the last two years at 8.9 percent.

U.S. dollar exchange rate is in its lowest position versus the euro and especially towards the beginning of commodities in Asia amid statements from senior officials of the Federal Reserve. While crude oil prices in the U.S. rose to its highest level since two and a half years driven by fears of conflict in one of the members of OPEC, Libya. (Newsecoinfo)