Author: AdmaD

AdmaD is a seasoned professional in Forex trading with a background in financial services and investments. Previously associated with Dukascopy Bank SA Switzerland, studied forex trading, insurance, real estate, and mortgage banking and extends to alternative investment strategies, particularly in Gold and Silver Investments, IRA Rollover services, and Commodity Online Trading.

Oil could reach $300 a Barrel

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If the entire Middle East falls under radical control – we could be looking at $300-a-barrel oil and pump prices of $9.57 a gallon. Definitely a stunner.

U.S. oil prices yesterday (Tuesday) hit their highest levels since September 2008 as investors reacted to fears that Middle East tumult would spread from Libya to such key Organization of Petroleum Exporting Countries (OPEC) as Iran and Saudi Arabia. But never fear: Even if the Middle East melts down and oil prices soar, there are moves you can make to hedge away your risk.

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Nasdaq hackers target service for corporate boards

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Hackers broke into a Nasdaq service that handles confidential communications for some 300 corporations

A federal official told The Associated Press that the hackers broke into the service repeatedly over more than a year. Investigators are trying to identify the hackers, the official said. The motive is unknown. The official spoke on condition of anonymity because the inquiry by the FBI and Secret Service is continuing

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Gold prices will hit $2,500 in the near future

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Gold prices will hit $2,500 in the near future.
Government Pushing Gold in China, although it’s rarely mentioned in the Western media, the Chinese government is encouraging their citizens to buy physical gold bullion as part of an effort to cool further investment in the red-hot real estate and housing sectors.

“Unlike the property market, investment in the gold sector is something the government is encouraging,” ICBC’s Zhou told Reuters.

“There is frantic demand for non-physical gold investments. We issued 1 billion yuan ($151 million) worth of gold-price-linked term deposits in 2010, but we managed to sell the same amount over just a few days in January this year,” Zhou said, adding that investors will deposit more than 5 billion yuan ($759 million) in gold-linked accounts this year…

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With Egypt in Turmoil, Oil and Food Prices Climb

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The turmoil in Egypt is causing economic jitters across the globe, pushing up food and oil prices so far, but bigger worries are ahead.
The unrest already has affected U.S. energy prices.

The average price for a gallon of regular gasoline in the U.S. was $3.12 on Friday – up 2.4 cents just in the past week. Analysts expect prices to stay above $3 a gallon – the highest since 2008 – and probably go higher until the conflict in Egypt is resolved and Mideast tensions ease.

Oil prices hovered at about $90 a barrel over the past week. Some analysts predicted the Egyptian crisis will lead to $100 per barrel prices sooner rather than later.
Traders worry the unrest might spread to oil-producing countries in the region and even affect shipments through the Suez Canal. Egypt is not a major oil producer, but it controls the canal and a nearby pipeline that together carry about 2 million barrels of oil a day from the Middle East to customers in Europe and the United States.

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Euro Slides as Moody’s Cuts Portugal’s Credit, Technical Momentum Wanes

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The euro halted three days of gains versus the dollar as Moody’s Investors Service downgraded Portugal’s credit rating, reviving concern about Europe’s ability to solve its debt crisis.

The 17-nation common currency depreciated versus all but two its major counterparts after Portugal was cut two steps by Moody’s yesterday to A3, four steps from so-called junk status. The rating company said its outlook remained negative given Portugal’s “subdued growth prospects” and risks that the government won’t be able to implement deficit-reduction plans.

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