The Cheap Gold

Gold prices posted the biggest drop in four weeks. At 13:57 pm, Thursday (28/06/2012) New York time on Friday (GMT), the price of gold contract for August delivery fell 1.8 percent to 1550.40 dollars per troy ounce on the Comex in New York. This is the biggest drop since June 21 last. Previously, the gold price had dropped to U.S. $ 1547.60 per troy ounce, which is the lowest level since June 1 last. Depressed gold prices amid a slowing U.S. economy. In addition, the movement is also strong dollar on speculation that European leaders will meet with difficulties in issuing a joint policy to address the debt crisis. "The U.S. economy has not shown signs of recovery. That caused investors to hunt for dollars. Moreover, it is unlikely the European leaders will find a solution," said Phil Streible, senior commodity broker O'Breien RJ & Associates in Chicago. Meanwhile, Scott Gardner, chief investment officer Verdmont Capital SA in Panama City argues, the current gold position is at a critical crossroads. "Fear of deflation began to return to the surface, and gold hit by a sell-off along with seasonal commodities. While in Singapore, Friday (29/06/2012), the price of gold contract for delivery in August recorded a rise of 0.2 percent to 1552.90 dollars per troy once. Meanwhile, gold prices in the spot market is not much to record changes in the position of 1552.50 U.S. dollars per troy ounce.

Market Data

BisnisMarket DataKorporatIndustriFinansial EXCHANGE RATE RUPEES REGIONAL INDEX 10 Saham Teraktif No Kode Harga Frek Changes 1. INCI 235 14504 35 2. ENRG 245 3508 20 3. ELTY 171 2891 5 4. ENRG-W 86 2145 3 5. CMNP 1340 1932 90 6. MNCN 1080 1772 0 7. ADMG 990 1682 30 8. ENRG 142 1586 2 9. AISA 730 1348 10 10. ARTI 610 1346 0 10 Saham Volume Terbesar No Kode Harga Volume Changes 1. ELTY 171 2891 5 2. ENRG-W 86 2145 3 3. ENRG 245 3508 20 4. ELTY-W 18 708 1 5. DEWA 122 1315 0 6. ENRG 142 1586 2 7. BNBR 71 907 0 8. TRAM 820 795 20 9. CMNP 1340 1932 90 10. ELTY 84 513 1 10 Saham Nilai Terbesar No Kode Harga Value Changes 1. RODA 310 6 5 2. INDS 6200 137 50 3. SPMA 305 442 5 4. RALS 810 237 10 5. FASW 2800 319 25 6. BBNI 3750 92 25 7. TURI 790 108 20 8. SMCB 2125 32 25 9. HEXA 8450 39 150 10. MASA 560 144 0 KINERJA EMITEN Tahun Fiskal Aset Kewajiban Penjualan Laba Operasional Laba Bersih Modal FY10 8791.799 1334.542 8843.721 2998.711 2016.78 7211.687 10 Saham Pencetak Untung No Kode Harga Volume Nilai 1. UNVR 22800 1364 900 2. GGRM 56950 405 700 3. MYOR 16250 438 500 4. AKRA 2850 33561 250 5. AKPI 1740 951 240 6. UNTR 23650 2951 200 7. ARGO 1100 10 200 8. ESSA 2075 4689 195 9. EMTK 2375 16 175 10. SMDR 4100 65 150 10 Saham Pencetak Rugi No Kode Harga Jumlah Nilai 1. GGRM 52950 1107 1,000 2. ITMG 49450 2366 800 3. TBMS 6550 1 700 4. ASII 72450 2125 450 5. UNTR 25300 2664 400 6. HMSP 30600 18 400 7. ITMG 33100 532 350 8. PTBA 20900 1267 300 9. BDMN 5450 9109 250 10. IMAS 10800 5130 250

Ready to Overcome Crisis World Bank, Asian Stock Rise

Asian stock markets rose in trading this morning, Thursday, June 7, 2012, because of the expectation of monetary stimulus from the positive signals of central bankers in Europe and the United States in addressing the global economic crisis. President of the European Central Bank (ECB), Mario Draghi, as reported by the Wall Street Journal, said that the market is underestimating the commitment of political leaders to overcome the crisis of the euro zone. Despite the central bank fails to satisfy those expecting a decrease in interest rates, the Draghi's comments, some investors interpreted a sign that the ECB is ready to act when the time comes. In fact, the ECB president also revealed that "a bank" is committed to supporting the interest rate cuts. Market expectations for policy response of the global economic slowdown in the U.S. are also presented, in which the Federal Reserve Bank of Atlanta President Dennis Lockhart said that further monetary measures to support the recovery needs to be considered. Especially, if the domestic growth rate is no longer possible and the Fed's interest rate setting must be prepared to respond to economic instability. Noted, the Japanese stock market Nikkei 225 rose 1.1 percent and Australia's stock index S & P / ASX 200 rose 1.2 percent. While Korea's Kospi index jumped 2.4 percent. Stock markets in the United States and Europe also rallied the world responded to the central bank's decision. The Dow Jones Industrial Average rose 2.4 percent, the strongest percentage increase in the daily index for the year. Meanwhile, the FTSE 100 index of European markets, in trade for the first time after the Diamond Jubilee celebration of the British Empire was also up 2.4 percent. (ren)