Sep 16

Kitco: “markets trends . deviated from the” gold online-

Due to strong selling power to suppress gold prices once again failed to appear high in oil prices, favourable conditions for market sentiment to rise of crude oil. And dollar-related market noise has recently attracted the attention of speculators, so now you want to do is to get to know us $ this like cat rebound strength is already ending, is also said that now is the real recovery. For now, the situation may be closer to the latter, though mildly said, the dollar rally was indeed appears stalled because of pressure of the credit.

New York spot market fell close to 2%, at 865.4 dollars per ounce, eventually dropped 16.8 dollars per ounce, while the combat strength of the impact of the so-called battle of 900 dollars price now seems more like a retreat rather than thinking. Mr Ban Neike stressed in his speech this morning, once the situation returned to normal, the Fed will no longer continue paying off loans programme, this policy will also exit the stage. He also mentioned that despite the current financial market environment “distance from close to normal”, but already in recovery. Silver fell 46 cents to close at US $ 16.67, Platinum fell 55 dollars to close at us $ 2050, while Palladium gold fell 6 dollars to close at US $ 438 per ounce.

When the Fed Chairman also focused on the current market’s weak performance, adjustment of dollar market appears to have occurred, at the same time may result in interest rate policy was rejected. Dollar index at 73 points below, but there is in May. Unless any time from now until October, once the “October surprise” dollar market will completely deadlocked. Future gold price expectations may be located within the price of $ 780 to 825 dollars-this is only just beginning. Observation of the market’s Chief Economist, Irwin Kellner, reminded to:

Don’t just focus on the situation, blocked the dollar rebound may also occur. Dollar to euro prices since a few weeks ago when decreased to 1.6 US dollars than the record low of 1, currently it for such a major currency price has rallied nearly 3%. Yen price increases even more.

But judging from the environment, so can’t warmer climate. After all, the past seven years, the US dollar against the euro and the yen has been in a fall in prices in the market. Initially the euro price is the equivalent of us $. In period 01 to 03, sharp rise in dollar market has stopped falling and many times, but then began to fall again and greater decline in the trend.

However, the current dollar rally has . been in the market not to create illusion of markets, but has created a good chance to rebound. It’s really a big warning appears. If you want to know why, or let us start led to root causes of the decline in dollar term talk-this is because the United States caused by excessive trade deficit sharply around the world.

Reduced-March trade deficit of just the iceberg. As long as you study, you will see that number of staggering.

Since December 2001, any decline in the volume of imports is greater than in previous years in January. Imports by up to a significant impact on the market because of its rapid rise in crude oil phase. Compared with February, in March we import of oil price increases have exceeded the 3%, 3%, and in fact this is equivalent to reducing the black material. Our export markets were equally worthy of attention. For a person holding a currency, is value, because, United States goods much cheaper, and compared to the same period in 2007, in the past year, exports were up near 10%,

These numbers are suggesting the dollar decline has deep enough, and began to balance trade conditions. In addition, there is also interest rate problem. Since the market began to believe that the Fed will cease to interest rate cuts since the campaign, the dollar has fallen. Early market fell because investors switching to the euro and other higher monetary profit result.

Next talk about oral policy. In Sterling markets some financial officials of the two camps are worried about the dollar shrink in the near future, while other people think that once the euro rally slowing United States economy will soon improve. These comments express the attitude of the stronger dollar against the euro the price should be, at the same time also represent if markets cannot be adjusted in, then the Bank may, at any appropriate stage, take coordinated measures to promote the dollar higher.

This is also the money-market trader liquidation of causes. In recent weeks, market trading market there seems to be from us $ net short-term trading trends over the years, signs of a turning net long positions. Indeed, comprehensive action to cut dollar long-term transactions of goods in the market seems to be underway. After we have seen in the dollar’s strength, similar to crude oil, gold, and some major commodity prices began to fall out of the food material. As long as the dollar does not overheat, its strength for the United States itself, and it is in the interest of trade partners.

Note: only after the Federal Reserve’s policy on dissemination of oral declaration, for November the Fed will increase 25 basis point interest rate support for 40%-changed again and the Federal Reserve also will hold a third session. Clearly, both in class $ Necker to support contained in the speech of Mr alluding to how delicate, are unable to get rid of traders concerned. Speculators now has little large, and most of the attention has focused on the selection in the second half of next year and make a profit on the asset. Although they may now turn some of the early, but they still do that. Believe that the figure will be a day to speak for them.

 

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Sep 15

Gold prices . plunged vulnerable obvious

On Tuesday, international gold prices fell sharply, New York fell by 26.9 bn COMEX8-month gold, closing $ 871.2/ounce, dollar higher as gold prices fell most of the major reasons, due to the significant decline in two days in a row makes technical anticlimax, did not rule out further test $ 850/oz gold prices in the short term the main support possible. Domestic gold prices follow international supplement in the gold price fell Wednesday, Shanghai gold exchange gold 9,999 dropped $ 2.19, reported $ 195.3/g; shfe 0812 gold futures contract fell $ 2.8, $ 195.6/g.

Bernanke successively made strongly worded speech on inflation, and Paulson, after warning of possible intervention in foreign exchange market, market expectations that fed interest rates. According to the Chicago (CBOT) interest rate futures show, FED8 5th chance interest rate meeting to raise rates at least a yard of 52%, 31% higher than the day before. This is expected to give the dollar rising support and expectations of interest rate prospects of economies in the short term remains the dominant currency movements of the most important factors. International crude oil prices fell on Tuesday, but still maintain a rising trend, current oil prices is not a simple supply and demand factors, speculative factors continue to push up the price of oil may not rule. Gold short term trend comparison embarrassed fundamentals mixed, dollar keep steady and showed signs of stronger gold price pressure, heavy resistance at the top this week’s decline makes short-. term trends are not optimistic, if dropped below us $ 860 m then continues to downlink test 850 important support seems logical. Because of the recent market turbulence larger investors maintain a wait and see.

Wang Yi

 

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Sep 14

“Gold soul” gold late comment on 2008.. 4.16

Review of disc surface:

Xiao yang line closed on Tuesday, early in 923.7 yesterday up 936, minimum 922.9, late destination country to 927.7. Crude oil from 1111 the road ran to 113 above, have a direct impact on the gold market. Today all day at 924-932 ‘s consolidation phase, under the influence of us have a certain fluctuation on the evening.

Technical analysis:

Our on line, wearing jogging after 10th averages on 5th averages in upward trend, MACD DIF and the DEA has . up to form gold forks, BOLL smoothing, RSI value is about 59 hours on the line 5th averages across 10th, 20th averages, MACD is an upward trend to form gold forks, RSI at around 72.

Today, I see the box is: 924–944

Gold in 928 down will still be a strong support, if by breaking below the 928, 924 can be seen nearby. If it is once again broken on rushed at near record highs yesterday 936.

News Analysis:

Dollar index down to below 72, crude stand 113. Today’s focus on changes in the crude oil, which also have some guidelines for gold.

Attention today:

Consumer price index, index of manufacturing industry, industrial production, capacity, oil change, etc.

Operational recommendations:

Resistance level: 931-934-937 940

Support level: 928 921 918

I still recommends investors to homeopathy do form at any time.

Before closing this evening, above the point of focus is 932, if broken on 932, see 935/938/942. Below the point of focus is 928, 928-breaking under, see nine hundred and twenty five-nine hundred and twenty fourths.

Long: 931 under strong near investors can support long, up 935/938/940 in turn, stop-928. As long as the homeopathy do so profitable. Breaking on top of any resistance, light positions long, single profit 3~5 Yuan, stop loss of $ 3. If breaking 932, may see $ 3~5 profit, stop loss of $ 3.

Short: 928-breaking down can bet, profits of $ 3~4, $ stop 2. If rushed 939 under strong resistance, chasing an empty $ 4~6, stop loss of $ 3.

 

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Sep 13

The National Federation of gold and silver jewellery, . President of the Chamber of Commerce speech

Gold and silver jewelry in the all-China Federation of trade associations
The Chinese gold and silver jewelry brand series project 2005 speech at the award ceremony
Gold and silver jewellery industry Chamber of Commerce Mansuke Commerce-Kun
February 20, 2006
Dear Chairman, Sun Fu Lo, Wong, Vice President
The leaders, distinguished guests and friends of entrepreneurs, and media!
All good afternoon!
We held here today, of the Chinese gold and silver jewelry brand series project 2005 award of commendation. First, please allow me on behalf of the National Federation of gold and silver jewellery industry associations to attend the General Assembly today the leaders, distinguished guests and friends a warm welcome and sincere thanks!
Last October, the National Federation of gold and silver jewelry industry association comprehensive since the start of the Chinese gold and silver jewelry brand series project, received the national (including Hong Kong, Macao and Taiwan regions) majority of the jewelry industry’s positive response and participation. In accordance with the review standard and provisions program, experience has nearly four months of review work, are has top has 2005 of Chinese gold and silver jewelry brand under 25 a: Chinese gold and silver jewelry demonstration shop under 14 a; Chinese Jewelry jewelry manufacturing brand under 4 a (this item brand title provisional limited to hives of); and on Yangzhou jewelry city and sihui respectively Crown name for Chinese gold and silver jewelry features base under. Here, I more than gold and silver jewellery industry representatives of industry and Commerce Chamber of Commerce to get warm welcome to the enterprises of various brand award congratulations!
As you know, my Chamber of Commerce started the Chinese gold and silver jewelry brand series project is important measure to implement the 3rd, the spirit of the State Council. Gold and silver jewellery industry in China in recent 20 years, has developed into an important industry in China. Non-public enterprises which accounted for more than 90%, become the mainstay of jewelry enterprise in China. In order to actively cultivate backbone enterprise of the jewelry industry, enhance the competitiveness of enterprises in foreign markets, further standardize the jewellery market, it must “encourage non-public enterprises to implement the strategy of brand development, creating famous brand products”, improve the comprehensive quality of enterprise, to create a brand reputation so that emerged more the China famous brand products in the industry. Believe in the near future, the world jewellery market appears more recognized by the world “world famous brand in China”. Enterprise access to name brand products and demonstration stores today, I hope you continue on the road to continue to build brand work to enable. From now on you have the honor, but also shoulder the responsibility and commitment, don’t forget to go’s mission.
The conduct of the Chinese gold and silver jewelry brand series project, has been given leadership of the National Federation of attention and care, also received support from the relevant departments of the State leadership, review work, many organizations and concerned local government and local Chamber of Commerce Chamber of entrepreneurs and friends from work, active enthusiasm to give help and support that we can plan a complete success of this project.
In the review of the Chinese jewellery manufacturing brand of work, Hong Kong jewelry manufacturers and many jewelry gave strong support to entrepreneurs and help, making the review work completed. Due to the active participation of the jewellery industry in Hong Kong, so that this project, we have a wide range of “greater Chinese Jewelry” meaning of such exchanges and cooperation will facilitate the process of our jewellery industry abroad.
Finally, on behalf of the National Federation of gold and silver jewelry trade association, to the concern, help, support my Chamber of Commerce distinguished leaders, entrepreneurs, experts in the work of friends, the Chambers . brothers, and the media express the most sincere thanks!
Under the leadership of the National Federation of the direct I Chamber of Commerce will continue to do service work, give full play to the “Assistant, bond and bridge” role. For the healthy development of the jewelry industry to make its own efforts!
Thank you!

 

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Sep 13

Establishment of a national Emerald . import transactions free trade zone

[Summary] occasion of the two associations, to reform the Emerald import standards, promote the healthy development of Emerald industry, industry and commerce, gold and silver jewelry industry trade associations to the Treasury, customs service, Ministry of Commerce, State administration of taxation has submitted the proposal to set up national Emerald import transactions bonded area case.

Occasion of the two associations, to reform the Emerald import standards, promote the healthy development of Emerald industry, industry and commerce, gold and silver jewelry industry trade associations to the Treasury, customs service, Ministry of Commerce, State administration of taxation has submitted the proposal to set up national Emerald import transactions bonded area case.

“China’s existing Emerald policy of high tariffs and tariff policy and industry development on the current international situation seriously out. Heavy tax burden has weakened the Jadeite jades in China industrial international competitiveness, leading jade and lack of industrial development, in China and impact on the employment, rationalize Emerald stone import tariffs in China has become a matter of urgency. “Senior experts in the industry, the 2008 Beijing Olympic gold inlaid jade gold expert, Vice Chairman of National Federation of gold and silver jewellery industry Chamber of Commerce, industry and commerce, Director of the jewelry industry association professional Committee of jade Dong Zhenxin concern, told reporters.

The last two years, jade tariff restriction jade industry has become a huge problem. It is understood that the existing Emerald stone import tariffs are standard practice for nearly 20 years, currently stone consolidated tax rate up to 35%, where import duties 8%, 17%, VAT, consumption tax 10%. Jade processing base of Ping Chau in Foshan, Guangdong, as the current Burmese jade integrated wool imports tariffs are too high, business very difficult, the operators have moans of pain, require comprehensive tariff relief Emerald wool imports are growing louder. So the end of last year, all-China Federation of industry association professional Committee of jade in gold and silver jewellery in China and has more than 100,000 jade Guangdong sihui, combined with local gem and jewelry industry association held a “Forum on Emerald import tax Committee of the reform proposals”, widely seek the views of jade operators suggested that sufficient research conducted for this proposal.

 

Industry noted that the Emerald is the world’s scarce natural resources, without any jade resources in China, jade and all raw materials imports, most imported from Myanmar. Judging from the present Jadeite States jewellery fair situation, successive increase in the number attending the auction bidding, increasing competition and auction Emerald stone quality is getting worse, now mainly for middle and low normal goods, high quality high-grade Jadeite less and less. In particular Myanmar by art-mining in the past, by mechanical mining in the last decade, significant increase in the yield, growing depletion of jade stone. According to information reported, Jadeite and up to 20 years.

Present situation of Jadeite raw material imports are taxes too high. First, and Thailand, and India, the Philippines and other countries in import tax preferential policy of Jadeite raw materials than Jadeite raw materials import taxes are too high, so that more and more of Jadeite raw materials into the country, undermines the Jadeite jades in . China’s competitiveness in the world.

Second, compared with diamond import taxes, jade and import link tax burden is too heavy. On October 17, 2000, approved by the State Council, established the Shanghai Diamond Exchange, diamond import transactions, as a national free trade zone, diamonds rough diamond products are free of charge, and import duties. Rough diamond import value-added tax free, diamond imports of finished products part of the value added tax on the actual tax burden than 4%, levy that is returned by the customs. Consumption tax is reduced to 5%, by the retail link charge. Diamond export tariff.

Therefore, the proposal suggested that a free trade zone is the establishment of a national Emerald import transactions. Is designated as a competent business unit, report it to the State Council for approval, in tengchong, Yunnan and Guangdong sihui, Ping Chau, Ruili and other conditions in the area of selecting pilot cities, establishment of a national Emerald import transactions free trade zone, Emerald imports as special supervision of the customs in China and trading sites, the implementation of preferential import tax policies.

II is the reference to the Shanghai Diamond Exchange tax policy, organization, management, and transaction mode, introduce about Emerald free trade zone related preferential taxation policies and management approaches. Proposals to implement membership, customs, inspection and quarantine, the exchange authority, the Joint Office for Commerce and industry and the tax authorities, banks and Emerald testing organizations supporting services.

 

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Sep 12

“Golden bottle” best . Jewelry experts “transparent” assessment

On June 28, the jewelry appraisal expert Professor Dickson Dee appeared, such as “Golden bottle” best Jewelry evaluation art exhibition, to field the top jewelry appraisal of works on display. It is understood that organised by the Hong Fu Hotel Gold cylinders the art exhibition, highlights a number of domestic rare jewelry treasure. Aquamarine Long Niu seal, weighs more than 1300 more carats, to publicly available Condition in recent years with the best, largest la serene stones. By a top-level Master Li Wanshun ivory carving work in the creation of “imagery Kuan ivory carving”, with its superb technique of using knife and superb artistic attainments attracted many spectators.

According to experts, aquamarine is derived from Latin “seawater”, the word is so named because of its beautiful sea blue, the legendary is a gift God gave the Little Mermaid of the sea. This beautiful gem produced in the seabed, seawater eryuehe’s Navigator view is condensing out, use it to pray God bless the safety of maritime navigation, called it a “blessed God stone”. Gemology in the West think, can wear aquamarine makes people with foresight, calm nerves, ease emotional trauma effects.

Treasures awe-inspiring, vivid “Kuan imagery ivory carving”, whose author is Beijing ivory carving industry but one by one “ivory carving knife” successor Li Wanshun Ma Li genre master. Li Wanshun fully inherit and carry forward in the “old” pioneered by Li Hongyi “ivory carving knife” technical characteristics and artistic style of Li schools, Buddhist statue of measure concerned will also use rituals to the Buddha in theme creation, create a new situation. Li Wanshun lasted nearly a decade, the consumption of more than hundred kilograms, designed four classic ivory carving Chinese classical literature works, is unprecedented in the history of ivory carving works of unprecedented summit in Beijing. Large ivory carving work “water margin”, “three kingdoms”, won the highest Awards National Arts and crafts design. Since the 60 ‘s of last century, guru bone has ivory carving factories in Beijing, Beijing, Beijing Peng in Ivory crafts factory creation of sculpture in ivory carving.

In recent years, the media have reported that sky-high jewelry,. and those of people tend to be made to extravagant and baseless talk. This by Beijing wide de collection institutions launched of this “gold bottles Acura jewelry mirror assessment exhibition” activities, on all exhibitors jewelry not mess pricing, are by domestic authority jewelry expert Dickson Dee (original in the Po Association Secretary-General are Asia jewelry Federation President), and Wu Guozhong (original geological University jewelry College Dean famous jewelry identification expert), and Yang Fuxu (Peking University gem identification Center Director), and Cui Wenyuan (Peking University gem identification Center statutory representative people), for science assessment pricing. According to expert opinion: gems and jewelry was a considerable scientific and precise work, but it’s not as complicated as people think, has its own basic law, can be “transparent”. The transparent evaluation experts will each critically wrote their own detailed assessment based on the pieces of jewelry, let people plainly understand jewelry.

 

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Sep 11

International precious metals market . July 29 morning news

New York commodities exchange (COMEX) Gold close 28th to rise across the period. August gold futures rose $ 0.9 per cent to $ 927.7/ounce.

Following are the international precious metals market July 29 morning news

One, closing comments:

New York commodities exchange (COMEX) modest up 28th gold, Platinum rally, Platinum plunge last week, due to concerns about United States automobile sales weakness will impact on platinum group metals (PGMs) auto catalyst demand.

COMEX-8-month settlement price for gold up $ 0.90 to $ 927.7/ounce, trading range between $ 922.4 per cent. Gold prices followed the rise in oil prices, United States crude oil futures rose $ 1 to us $ 124/above the barrel, boost the appeal of gold as a hedge against inflation.

HSBC metals analyst James Steel, waiting time of Golden City, only significant economic data due until later this week announced that United States will be announced on July 31, real gross domestic product (GDP), released on August 1 United States data of non-agricultural employment.

Traders said, while gold prices fell again, there are some physical buying, but overall demand remains slow, weak because of seasonal factors.

As at 1815GMT, spot gold reported $ 928.45/929.65 on Friday (25th) late 927.4-$. Bullion afternoon price of us $ 923.5.

September Silver Futures up 9 cents, to $ 17.465/oz. Trading range of between $ 17.27 per cent. Spot silver $ 17.46/17.52 on Friday (25th) late 17.35/17.43 dollars in New York.

October Platinum (Platinum) futures up $ 18 or 1%, to 1,776.70 dollars/ounce. Platinum group metals (PGMs) dropped sharply in the past two weeks, due to concerns about United States automobile manufacturer sales impact of weak demand.

Steel, Platinum struggling because auto reduced production and automobile manufacturers from large trucks and sport utility vehicles (sport mini van, SUV) into the production of small cars, a move that would reduce the use of PGMs auto catalyst.

Analysts said South America’s biggest Platinum suppliers are signs of a slight increase supply, and price . pressure.

Spot Platinum (Platinum) reported $ 1,745.00-1,765.00.

Second, the following are the major international markets on July 28 closing price:

London close July 28 quotations of precious metals: (unit: USD/oz)

Close July 28 close July 25
Gold 927.75
Silver 17.38
Platinum 1771 1747
Palladium-gold 390

Phase three, COMEX gold close July 28 quote: (unit: USD/oz)

Opening price of the contract the highest price lowest price closing down bars turnover positions
August/08 (GLNQ) 925.5 932 920 0.9
September/08 (GLNU) 951-951 951 0.9 388
October/08 (GLNV) 932 933 932 0.9 8,582
December/08 (GLNZ) 935, 942 935 0.9

February/09 (GLNG) 942.1 942.1 942.1 0.8 212
April/09 (GLNJ) 947-947 947 0.7 128
June/09 (GLNM) 952.2 952.7 0.5 104

Data source: the New York Mercantile Exchange

IV, July 28, Shanghai gold exchange trading market: (unit: Yuan/g; AgT+D: Yuan/kg)

Opening price of the contract the highest price lowest closing price rise (Yuan) trading volume in the price-weighted average price
Au100g 204.50 204.50 203.85 204.47 -0.43 -0.002 204.26 47
Au9995 205.00 205.00 203.20 204.43 -0.47 -0.002 204.40 1,256.40
Au9999 205.00 205.00 203.20 204.43 -0.47 -0.002 204.40 1,256.40
Pt9995 400.58 401.00 398.68 399.71 1.71 0.004 400.45 134
AuT+N1 203.92 204.20 203.89 203.98 0.10 0.0005 203.98 344
AuT+N2 203.80 204.10 203.80 203.86 -0.64 -0.003 203.86 860
AuT+D 204.00 204.30 203.80 204.22 -0.21 -0.001 204.07 3,736
AgT+D 4,045.00 4,046.00 4,016.00 4,021.00 -29.00 -0.007 4,022.00 4,590

Note: the volume is bi-directional metering
Source: Shanghai gold exchange

 

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Sep 11

Liu Yunling: also want to adjust, and . then decide the strength of gold and silver

Gold discussion

Suggestions and complaints

Text:

Large medium small

Huijin network, June 20 –

〖 Fundamentals 〗

On Friday (June 17) data showed the University of Michigan, United States in June,. the University of Michigan consumer confidence index 74.3 per cent of the initial value from the May, market expectations for the 74. As Greece debt crisis deteriorating investor Italy may face in implementing the policy of fiscal consolidation and debt reduction more difficult concerns, and concerns the debts could not be controlled at the level of pay. International rating agency Moody’s said, as Italy facing challenges of structural weakness of economic growth, and interest rates may be higher, the institution or will cut Italy sovereign credit ratings. Rising risk aversion in the market, road to push gold up.

〖 Silver ETF positions 〗

〖 Gold trending 〗

London: after late Friday after a wave of strong pulling, gold once again witness the charm of a safe-haven, investors from bearish to bullish outlook of the market will break record highs, then innovation will be advanced topics. So long-term is Shang 1700 or Shang 2000 or, this is future of trend, also exists more difficulty of forecast sexual, we concern of is short interim directional of development, is gold for economic message and political situation effect Xia the select of direction, and do investment and speculation combination of we each a days of policy and direction judgment is particularly important, so regardless of message and technology concern of is focus, combination core for one is cognitive market of key. Side Friday after rising market still strong, still in the choice of direction today, arc top failed on line, but from the triangle not breakthrough in 1577 to 1553, was also pressed on the inside. Averages are concentrated in 1532, market bulls, but read the emotional flood, will have a wave of adjustments in the market, after falling to 1532 region, we have to look at this location and message combining the strength of judgment. So the current trend, but not seen again, can be adjusted after the venue. London: support 1533-1521 resistance 1541-1549. Skytone, China Jin: resistance 320.55-322.25 support 318.90-316.40

Silver: silver and gold, but gains do not optimistic larger overall decreased after all, only in terms of time in exchange for space to fix the trend, from trend watching Japanese diagram of equal-string arrangement on has demonstrated a short interval and shock medium rangebound track, operations strategy followed by interval layout of long and short form. Resistance: 36.3 per cent, supporting 35.60-35

Operation strategy:

Skytone Gold: 320.72 short, loss $ 1, target 318.65

Liu Yunling 2011-6-20

Editing: South Street

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Sep 10

South Africa Sun City Hotels: top . resort, Casino

 

Grand Sun City Hotel

 

Hotel Castle Palace and artificial Beach

 

While a nobody now, hours of Higurashi, Sun City Casino in the hotel will have people coming and going.

“Dot net” Sun City is what city? in Italy utopian Communists described by Tommaso Campanella, it is a utopia. More than 300 years after South Africa billionaire suoer·kesina (Sol Kerzner) investment of more than 800 million RAND, in the wasteland of 187 km north west of Johannesburg, built a top resort, Casino, Sun City, its name is called.

In South Africa, Sun City is the entertainment, food, gambling, comfortable, romantic and amazing synonyms. Allegedly Sun City tourists visiting over million visitors a year. Midst, can you feel the incomparable luxury and glory and unreal, you walked in, perhaps the Regal. The guide introduces, in this case, “money as paper”.

Luxury Casino

Don’t put yourself as a gambling gods

Local time on July 1, leaving about 3 hour all the way over after dozens of farms and a piece of wasteland, a golden Castle came into view. Car slowly stopped, we reached our destination–Sun City.

Due to World Cup of sake, Sun City tickets from 60 RAND rises to 70 Rand. Park parking fees from 100 RAND (eight), up to 200 Rand.

Sun City is South Africa billionaire shuttle · COSNA dreams. Earl Brooks in the mid 70, started, hoping in the jungles of Africa, the construction of a United States Las Vegas like Deluxe entertainment district. Sun City started in July 1978, opened December 7, 1979.

We have come to Sun City Hotel, which is the oldest hotel here, which consists of a casino. It is said that each and every hotel in Sun City Casino. Before the ground floor, we heard that Sun City hotels have casinos, but now one look, it has also developed into the first floor of the Casino, not only will the slot machine, also have cards, Roulette, bhakra (a card game), and more. Seeing this scene, companions one by one cannot hold back,. want to do God of soccer betting. But 10 minutes later, also out were devastated. Seems to be lost.

I raised his camera to take pictures, no one stopped, and casinos in Macau are completely different. It is said that this is a place to relax, yangcheng, gambling is not too major business, only the charge here, a day to reach a hundred thousand of RAND.

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Sep 09

09 gold “n” . shaped trend is expected to exceed the 1000 Mark

Market consensus forecasts, in dollars under the disadvantage, gold price is expected to rise.. Gold prices since 01, even rose 7 years, gold prices in the event the tsunami last year, was used by more than $ 1000 per Troy ounce, falling to US $ 750, but start to rebound by the end of last year, gold prices to levels of up to $ 1500. Trend of the ox, is rendered “n” shape trends. 08 Hang Seng index fell more than half, compared to its price trend, 08 gold price rose, with visible gold investment remains.

Tai Fook Securities Exchange Director Anita noted that gold prices rose to a higher level before, mainly the market worried about inflation, many armed with anti-inflationary gold, times have changed, are at risk of various types of investment products, age of declining even cash holding gold is a safe-haven role. He added that most investors believe that the stock market by the impact of the financial tsunami, it takes a long time of consolidation, plus the size of the financial sector, problems of credit system emerges, investors subsequently joining the arms of gold, so gold prices to rebound.

He expected 09 believe gold prices will be adjusted in the first quarter, falling to $ 740, a weaker US dollar in the year, had the opportunity to rebound in the gold price in the second and third quarter to $ 1032, then dropped to a level of US $ 750 for the fourth quarter. In other words, the trend volatility in the gold price this year, but he is confident that in the 3-5 years, gold prices rose to a level of $ 1500.

 

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