Tuesday, September 08, 2009
china confidential
Muslim Terrorists Shoot Schoolchildren
Taliban terrorists shot and killed schoolchildren in Pakistan, as reported here.
Hanoi Jane's Commie Ex-Husband Condemns Israel
Click here. Hanoi Jane's ex-husband, a notorious American Communist, is on the warpath against Israel and its U.S. supporters.
Europeans to Explore for Lost Inca Gold
Gold fever is breaking out all over the world and in different ways.
China Confidential has learned that a group of European explorers, including archeologists and filmmakers, has raised about $3 million to launch an expedition in pursuit of the legendary lost Inca treasure--a huge quantity of gold--believed to be hidden away in a vast network of subterranean tunnels and caverns known to exist in Peru. The tunnels have been recorded and documented down through the centuries; but the Peruvian government has been reluctant to allow access to the labyrinth. The European group has partnered with a wealthy Peruvian industrialist, according to sources in Lima, Peru's capital.
The expedition, equipped with state-of-the-art treasure-hunting technology, aims to find the gold and produce a documentary film about the quest.
Gold Breaks Symbolic $1,000 Barrier
The gold price today broke through the symbolic $1000.00/oz mark reaching $1004.50 on the 11 a.m. London price fix, and topped $1007 during morning trading. Before early September, the highest 2009 price was on February 20 when gold fixed (in the afternoon) at $989, and it has traded in the range $870 to $993 ever since, with an average price over that period of $879.
The rise translates to an annual increase of more than 21 percent on the average price in September 2008, which was $829.93/oz.
Aram Shishmanian, CEO of World Gold Council, commented:
"Reaching the $1000 mark once again shows that this price level is no longer the watershed for gold that it once was. The sustained demand we are seeing frominvestors is, however, not wholly about returns. Investors are turning to gold as they seek assets that preserve their wealth, whatever the financial weather. In 2009, we have seen record inflows into exchange traded funds and significant increases in retail demand for bars and coins as investors around the world took steps to diversify risk in a systematic way and improve their portfolios`long-term prospects.
"The stability in the gold price over the long term is testament to the diversity of gold`s demand base, which insulates the price from movements in any single category or country. This is a luxury many other assets, more closely linked to industrial output or consumer spending, do not enjoy. This diverse demand base has helped support the price despite a pressure on jewelry demand driven by ongoing economic uncertainty and high local gold prices."
Today`s $1000/oz record follows a sustained rise in price over the past seven years.
World Gold Council identified several short term reasons for the recent gold price rise, including recognition of gold as an asset class; continued fears over inflation; a weakening dollar; and continuing concern about whether the recent rise in equity markets is sustainable in the short term--a factor that is encouraging investors to look to gold`s unique wealth preservation qualities to underpin their portfolio strategies.
The Flat Where Fanatics Planned Mass Murder
Click here for the story about the run-down East London flat where Islamist terrorists hatched their airline bombing plot.
MI5 used a hidden, fish-eye lens camera to spy on the terrorists--who were controlled by an Al Qaeda mastermind in Pakistan--and record their every move.
China Wal-Mart Workers Held in Customer Killing
The five Wal-Mart employees are accused of beating a female customer to death. Clickhere for the story.
China to Issue Yuan Bonds in Hong Kong
6 billion in yuan bonds ... to elevate the status of the currency. Click here for the news.
Monday, September 07, 2009
Gold Futures Hit $1,000
Gold is inching up on worries about a weak dollar, inflation, and Japan's new government. Click here.
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