Gold Price Gains Fueled Crisis Worries Europe

Posted on September 21, 2011 by admin

At the close of trading on the New York Mercantile Exchange early this morning gold futures prices have increased (9.21). A stronger gold price is driven by concerns that the conditions of the debt crisis in Europe will deteriorate. Market participants continue to seek safe-haven assets to secure their investments.

The impact of Italy’s credit rating cut by S & P still continue to plague financial markets. These conditions lead to concerns among market participants.

The price of gold futures has increased by 30.20 dollars (1.7%) and closed at 1809.10 dollars per troy ounce. Yesterday, gold prices declined by 2% driven by the strengthening U.S. dollar exchange rate.

The price of gold has increased by 27% this year, far surpassing the performance of stock markets and bonds. On 6 September, gold prices have set records.
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Decrease Debt Rating Not Influential Italy to Indonesia

Posted on September 20, 2011 by admin

Rating agency Standard and Poor’s downgraded Italy’s debt overnight. This will not affect directly to Indonesia because of the value of Indonesia’s trade with Italy is not great.

However, Hatta expressed concern if the effect of downgrading the impact to China because it will indirectly affect trade in Indonesia.

“But this European wide impact he has influence to China, if China affected the impact will be to us. So, indirectly but may secondwave (second wave). Therefore we hope that Europe is able to overcome the problem,” said Hatta.

As is known, opened trading this morning, stock index ambles 22.996 points (0.62%) to a level of 3732.056. Investors worried about the debt crisis of Europe following the Standard and Poor’s downgraded one notch to A/A-1 Italy and maintains a negative outlook.

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Disappointed investors, Wall Street crashes

Posted on September 20, 2011 by admin

Stock prices on Wall Street re-cluck and parking in the green belt at the close of trading Monday.

This attenuation occurred after re-airings fears of debt default, allowing the Greek government to propose a new bailout for the country, dubbed the land of the gods.

Dow Jones Industrial Average fell 108.08 points, or 0.94 percent, to 11401.01. The Standard & Poor’s 500 fell 11.92 points, or 0.98 percent, to 1204.09. And the Nasdaq Composite Index slid 9.48 points, or 0.36 percent to 2612.83 position.

Throughout the trade, stocks slumped as investors disappointed with European leaders for failing to bring new solutions to the debt crisis of the euro zone over the weekend.

However, the Greek Finance Ministry official said, following talks with the European Union and the International Monetary Fund (IMF), the country is already close to international lending agreements.
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U.S. Presidential Tax Increase U.S. Millionaires

Posted on September 19, 2011 by admin

Barack Obama will raise taxes higher for the millionaires in the country.

Obama will give details of the proposed tax hike on Monday, September 19 to coincide with the filing of long-term plan to reduce the budget deficit.

The plan coincided with his efforts to pass the use of funds amounting to USD447 billion to reduce 9.1 percent unemployment in the U.S. and restore confidence in his leadership.

However, the plan would likely raise taxes is not approved by Congress, because the Republicans are known to have rejected the plan. Republican states, the tax increase could potentially push the small business owner. Tax increase proposal is referred to as “Rule Buffett”.
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Greece, Avoid Failure Pay

Posted on September 19, 2011 by admin

Although the land of the gods is not to announce the new measures to secure international loans next month. Greece will take the necessary tough decisions the country to avoid default on debt.

Prime Minister of Greece George Papandreou cancel the visit to the United States (U.S.) for the cabinet meeting on Sunday.

The cancellation was the day before the European Union and the International Monetary Fund (IMF) held a conference call with Greek Finance Minister Evangelos Venizelos to hear how Greece will overcome the budget deficit this year.

If we want to avoid default, to stabilize the situation, to remain in the euro zone, we must take major strategic decisions.
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