Tel Aviv Stock exchange, Stock market break down after the hacker "Oakes Omar,"
6:29 AM
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Tel Aviv Stock exchange, Stock market break down after the hacker "Oakes Omar," Action
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The websites of the Tel Aviv Stock Exchange and of El Al, the Israeli airline, were brought down Monday morning by an apparent hacking attack.
An internet hacker who calls himself Ox Omar sent an e-mail to the Jerusalem Post Monday in which he claims that together with a hacking group calling themselves "Nightmare" that the websites of the Tel Aviv Stock Exchange and that of El Al would be brought down.
Idit Yaaron, the spokeswoman for the Tel Aviv Stock Exchange, told CNN that the main site of the stock exchange where the trading takes place was not harmed and operates on a very high level of Internet security. Trading has continued unaffected, she said. A secondary internet web site was affected for a short period of time.
According to Israeli reports today that the hacker "Oakes Omar," who claims to be a Saudi national, caused a drop in Tel Aviv Stock exchange by as much as 10 per cent, after it succeeded in penetrating the bourse, and failure to operate, before returning to work this morning. Reports also showed that the hacker penetrated the two sites as well as the two airlines were Israeli, before returning to work again.
The reports pointed out that the Tel Aviv Stock exchange officials are resentful of the very process that made the Stock market break down, but they confirmed that the circulation returned to normal quickly, and work as usual; because the computer system that manages the Stock market separately from the site.
For its part, called on hamas to continue and develop electronic warfare against the Israeli occupation, as noted by Dr. Sami Abu Zuhri, the spokesman for the Islamic Resistance Movement, the recurrent and successful to penetrate the websites of the Israeli occupation.
Abu Zuhri confirmed that the breach of websites means opening a new arena from the yards of resistance to the occupation, and the start of what might be called electronic war against the Israeli occupation. Calling on the Palestinian and Arab peoples to continue in this electronic warfare, and developing them; to face the crimes of the Israeli occupation.
The hacker, "Oakes Omar" has recently succeeded in spreading an Israeli credit card numbers, and warned it will attack a number of other sensitive Israeli sites, including military sites.
On the other hand, demanded that a group of american companies operating in the field of e-commerce customers, who have their numbers up to tens of millions in America, the need to change the pin numbers for credit cards; fear of ******* to break through their websites and publish details of their cards.
The american companies, a number of websites Israeli had been ****** by a hacker, "Oakes Omar"; which led to the publication of details of more than 400 thousand credit card, most of the Israelis, in addition to the continuation of the war yen hacker Arabs and Israelis after the operation, where they had been beaten exchange Tel Aviv.
She explained it via their corporate interests of their clients and their interests require them to accelerate the need to change the pin numbers for their cards, stressing at the same time that their sites are still safe, is also being increased security measures by.....READ MORE
why and How gold prices down on january 25 2012
4:47 AM
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why and How gold prices down on january 25 2012
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Gold fell for a second day on Wednesday, ahead of the U.S. Federal Reserve's monetary policy decision and its first longer-term policy forecasts and under pressure from the dollar's strength against the euro.
Demand for gold in China has been suppressed this week by the Lunar New Year holidays, while in India, the world's largest consumer of gold, buyers held out for a larger decline in local prices, given the rise in the value of the rupee against the dollar, which cuts the price of gold for domestic purchases.
Together with the outcome of the Fed's two-day policy meeting, Thursday's expiry of February gold options <0#GCG2 > could have a bearing on the gold market.
Most open interest is clustered around downside put options, which give the holder the right, but not the obligation to sell gold at set price by a set date.
In the past month, the largest change in open interest has materalised in calls, which offer the bearer the right to buy gold, at $1,600 an ounce and puts at this same level, which could see a tussle between bulls and bears.
On the investment front, holdings of gold in exchange-traded funds have eased a touch this week, to around 68.993 million ounces, from 69.163 million a week ago, after outflows from ETF Securities' non-U.S. gold funds and the SPDR Gold Trust, the world's largest gold-backed ETF.
general sense is if there is going to be a surprise, it is maybe towards the market focussing on a rate hike and although it is a very, very long way off ... it will be interesting to see the impact that has on the gold market," Nic Brown, head of commodities research at Natixis said.
"There's a few things in the months ahead that could be supportive for gold prices. We note that despite all the crisis engulfing Europe last year, it is a U.S. fiscal mini-crisis over the budget ceiliing that virtually gave the biggest boost to gold prices. So if you're looking for potential upside in gold and other precious metals this year, you probably need to look to the U.S.," he said, adding his bank is forecasting an average gold price this year of $1,450 an ounce.
With little in the way of consumer demand for gold this week and the euro's struggle to claw back ground from the dollar as Europe's finance ministers and Greece's private creditors have yet to agree on the terms of Athens' debt restructuring, the gold price has fallen back from six-week highs.
The Fed meanwhile, will release its first long-term projections for monetary policy, which are expected to show policymakers do not believe rates will rise until at least 2014.
If the central bank can convince financial markets that it will remain on hold for longer than anticipated, long-term interest rates and the dollar could fall, which could offer a boost to gold.
Gold, which tends to move inversely to the U.S. dollar, is set for its first weekly decline in a month, but could get a lift if the Fed signals that a rate hike could be delayed.
Spot gold was last down 0.6 percent on the day at $1,655.99 an ounce at 1120 GMT, while the most-active U.S. February gold futures contract was down 0.5 percent at $1,656.00 an ounce....read mure
Forecasts gold 11 year fiery run is over and a bear market is already in place
7:48 PM
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Forecasts gold 11 year fiery run is over and a bear market is already in place
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Dennis Gartman of Gartman Letter forecasts gold 11 year fiery run is over and a bear market is already in place. The pessimistic view comes as gold prices in mid-term analysis have lower highs and to confirm the downtrend prices need to go below the previous lows. This is in fact the definition of a downtrend and he predicts the trend will continue . "We have the beginnings of a real bear market, and the death of a bull.", says Gartman who correctly predicted the slump in commodities in 2008.He sold all of his gold in expectation that gold prices would drop more than 20 percent, the common definition of a bear market.
“Since the early autumn here in the Northern Hemisphere gold has failed to make a new high,” Gartman wrote. “Each high has been progressively lower than the previous high, and now we’ve confirmation that the new interim low is lower than the previous low. We have the beginnings of a real bear market, and the death of a bull.”......READ MORE
Expert Analysis Forecast Golds Prices 2012
7:38 PM
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Expert Analysis Forecast Golds Prices 2012
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Merrill Lynch Raises Its 2011 and 2012 Forecast of Gold Prices
Merrill Lynch raised its 2011 gold price forecast by 5.3% to $1,498 an ounce from $1,423. It also increased its 2012 gold price forecast by more than 3% to $1550 from $1,500. The main fundamentals reasons behind a more bullish view on gold are:
Many problems in the global economy that have still not been resolved,
Debt and fiscal issues in developed countries are unlikely to find a short-term fix....READ MORE
Bloomberg Survey Forecasts $1,938 Gold in 2012
According to a survey of the four most accurate precious metal forecasters tracked by Bloomberg over the past two years, gold prices will rise to $1,713 this year and $1,938 in 2012.
Option traders are also betting big on gold rally to continue. The number one spot is captured by the speculators betting on a $2,000 by November, followed by $1,800 for the same month, data shows as of July 29....READ MORE
Wells Fargo Forecasts a Gold Market Crash, Warns Clients
ells Fargo said on Wednesday that gold market is a “bubble that is poised to burst”. The bank did not provide specific details but mentioned that “There could be substantial risk to gold once the fear that the world is coming to an end subsides… We are worried about the downward risk.”
“We have seen the economic damage” of past bubbles and “feel compelled to ring the warning bells,”.....READ MORE
CEO of Gold Mining Companies Forecast Upbeat Gold Prices
Newmont Mining CEO Richard O'Brien expects gold prices to easily hit $2,300 an ounce by next year. AngloGold Ashanti CEO Mark Cutifani forecasts $2,200. Main reason is gold production slowly dwindles and economic uncertainty increases and therefore prices will rise. Debt problems in Greece, U.S. deficit concerns and political upheaval in the Middle East are all boosting gold's price.
The bullish outlook on gold prices has been contradicted recently by a surge of interest in U.S. government debt and the dollar, and a slight dip in gold prices, reports Reuters....READ MORE
Golds Survey Markets Analysis Forecasts $1,938 Gold in 2012
7:21 PM
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Golds Survey Markets Analysis Forecasts $1,938 Gold in 2012
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The most accurate forecasters tracked by Bloomberg were Jochen Hitzfeld of UniCredit SpA in Munich; Jason Schenker of Prestige Economics LLC in Austin, Texas; Anne-Laure Tremblay of BNP Paribas SA in London; and Thorsten Proettel of Landesbank Baden-Wuerttemberg in Stuttgart, Germany.
According to a survey of the four most accurate precious metal forecasters tracked by Bloomberg over the past two years, gold prices will rise to $1,713 this year and $1,938 in 2012.
Option traders are also betting big on gold rally to continue. The number one spot is captured by the speculators betting on a $2,000 by November, followed by $1,800 for the same month, data shows as of July 29.
Seems like our price forecast of $1,750 for 2011 is rather conservative for some gold market players!
- Many problems in the global economy that have still not been resolved,
- Debt and fiscal issues in developed countries are unlikely to find a short-term fix.
- READ MORE RESOURCES
Production Forecast Iran Uranium 2012
2:56 AM
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Production Forecast Iran Uranium 2012
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Iran's underground uranium enrichment facility will start operations soon, a senior official was quoted by Iranian media on Sunday as saying, a move likely to increase tension between the Islamic state and the West over Tehran's nuclear ambitions.
"The Fordow nuclear enrichment plant will be operational in the near future ... 20 percent, 3.5 percent and four percent enriched uranium can be produced at this site," said the head of Iran's Atomic Energy Organization Fereydoun Abbasi Davani, the Kayhan daily reported.
Iran has said for months that it is preparing to conduct uranium enrichment at Fordow, a protected site deep inside a mountain near the Shi'ite Muslim holy city of Qom in central Iran. ...READ MORE HERE
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Supply And Demand Chinese Coal 2012
2:50 AM
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Supply And Demand Chinese Coal 2012
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Chinese demand growth for imported steam coal to moderate over 2012. Steam coal imports into China will moderate not because of a slowdown in actual coal utilization domestically, but because of key developments on the domestic supplies and internal transportation front leading to lesser requirement for imported coal. Domestic production growth is expected to remain robust catching up with demand while sizeable advances on the railing front are likely to alleviate some of the current problems in allocating coal to the South Eastern consuming regions.
Chinese demand dents local coal supply
According to Feagley, the Pennsylvania coal mining industry normally produces about 1.5 million to 1.7 million tons of coal annually, and this year, the industry expects to produce about 2 million tons. In the past, about 150,000 tons of coal were sent overseas, but in recent years as much as 400,000 tons has been produced for foreign buyers in a year. Read more..
China's coal supply, demand seen balanced in 2012
China's coal supply and demand are expected to be in balanced in 2012, although sporadic shortages may occur, the country's top policy maker, the National Development and Reform Commission, Read more..
CHINESE DEMAND FOR COAL IMPORTS TO MODERATE IN 2012
In 2012, the Chinese domestic market appears to be well balanced, although and although we are not ruling out a complete alleviation of all the transportation bottlenecks; we do see a situation developing over the next two to three years where the 20 to 30% transportation cost premium attached to the final delivery of domestic coal is likely to fade away. Further on the demand side,...READ MORE
Crude Oil Price down On Jan 2012
2:41 AM
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Crude Oil Price down On Jan 2012
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Benchmark crude-oil futures declined in electronic trading Monday but held above $101 a barrel, in line with broad selling across commodity and equity markets.
Oil fell for a third day in New York as bets that Europe's debt crisis will worsen and curb fuel demand countered concern that tension with Iran may disrupt Middle East crude exports.
Futures declined as much as 0.5 per cent before German and French leaders meet in Berlin today as they seek to craft a plan for rescuing the euro over the next three months. The US will act to reopen the Strait of Hormuz if Iran blocks the channel, Joint Chiefs of Staff chairman General Martin Dempsey said in an interview on the CBS "Face the Nation" program yesterday. Brent oil's premium to West Texas Intermediate crude rose to the highest in almost two months.
"It's a matter of two factors for the market," said Ric Spooner, a chief analyst at CMC Markets in Sydney. "We have concerns about potentially significantly reduced economic activity emanating from Europe, and Iran. Any potential disruptions have to be taken seriously because it won't take much to put us into a supply problem."...READ RESOURCES
How Experts To Prediction Stocks Prices In 2012
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How Experts To Prediction Stocks Prices In 2012
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Silverblatt's firm says the S&P 500 index should rise to 1,400 by the end of 2012, up more than 10 percent from Friday's close of 1,265. That figure is an average of expectations from investment strategists, economists and other big thinkers. More bullish yet are stock analysts focused on individual companies. Add up their price targets for each stock in the index, and they see it rising to 1,457, up 15 percent.
There's plenty of reason to think stocks will rise fast in the coming year. U.S. companies are generating record profits. Americans are spending more than expected and factories are producing more. The job market finally appears to be healing, too.
The odds of the U.S. slipping into another recession have fallen since the summer, when the economy had slowed.
Stocks seem attractively priced, too. The S&P 500 is trading at 12 times its expected earnings per share for 2012. It typically trades at 15 times, meaning stocks appear cheaper now.
Binky Chadha, chief strategist at Deutsche Bank, says the S&P 500 could hit 1,500 by the end of 2012, a gain of more than 18 percent.
Still, there is worry amid the bullishness.
Michael Hartnett, chief global equity strategist at Bank of America-Merrill Lynch, expects the S&P to close next year at 1,350, up 6.7 percent from Friday's close. He thinks the U.S. will avoid recession and U.S. companies will generate decent profits.
What could wreck that prediction is a worse situation in Europe than he is expecting. If European leaders move too slowly to solve their government debt crisis, the region could fall into a deep recession and throw the U.S. into one, too. If Europe tanks, profits will drop sharply and push the S&P down to 1,000, he says. That would be a sharp drop of 21 percent from Friday's close
The frightening part is that Hartnett gives this "bear" case four-in-10 odds.
Similarly, Barry Knapp, strategist at Barclays Capital, predicts the S&P will rise to 1,330 next year. But he expects Europe's struggles with its debt and Washington gridlock could lead investors to sell before they buy. He says the S&P could fall to 1,150 by the middle of the year before rising to his target.
It could drop sooner. In the first three months next year, Italy needs to sell national bonds to raise money to pay holders of $172 billion worth of old ones coming due. The risk is that investors will demand high interest rates to buy the new bonds, and that will spread fears of a possible default. After Italy was forced to pay unexpectedly high rates in a bond auction earlier this month, stocks fell hard around the world.
"The crisis could become systemic," says Athanasios Vamvakidis, head European currency strategist at Bank of America-Merrill Lynch. "That would threaten not only Europe, but the whole global recovery."
One solution is to invest in companies selling goods that people need in both good times and bad, such as drugs and food. If the economy falls into recession, profits of these companies are less likely to collapse.
In 2011, these so-called defensive companies bucked the flat market. Stocks of utility companies have risen almost 15 percent through Friday. Healthcare and consumer staples were each up 10. Standouts include insurer UnitedHealth Group Inc., which has risen 42 percent, and Kraft Foods, up almost 20 percent.
Then again, you might do better investing in the opposite kind of companies, like makers of toys and other consumer discretionary goods. Their profits tend to zoom up and down with the economy.
A report from S&P Capital IQ notes that stocks of cyclical companies such as these tend to gain the most after market drops like the one in October, when stocks fell nearly 20 percent.
In the five times that the S&P 500 has fallen between 15 percent and 25 percent since 1978, consumer discretionary stocks have risen an average 30 percent in the next six months, according to S&P. Those stocks are up 16 percent since their Oct. 3 lows.
One reason it's difficult to guess future stock prices is that figuring out where the economy is heading isn't so easy either.
It's forecasting time on Wall Street, and once again the pros are trying to predict the unpredictable. History suggests their target price for stocks by the end of 2012 will prove too high or too low. They might even get the direction wrong -- predicting a gain when there's a loss.
As Yogi Berra said, "It's tough to make predictions, especially about the future."
In typical times, guessing where stocks will end up in a year is difficult. There are many assumptions about economic growth, inflation and consumer spending that go into the calculation.
Now, forecasting has become nearly impossible. Big unknowns hang over the market as rarely before. Will the euro break up? Will China slow too sharply? Will squabbling in Washington scuttle the economic recovery?
"Normally, you wonder, How will sales do? How are managements doing?" says Howard Silverblatt, senior index analyst at Standard & Poor's, which puts out its own forecasts. "Now there are so many high-level issues that affect the market."...READ MORE
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Gold and Silver Prices Ouilook 2012
9:07 PM
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Gold and Silver Prices Ouilook 2012
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Gold prices were falling for a fifth day Wednesday as the dollar strengthened and concerns that demand is weakening in the world's two largest countries grew.
Gold for February delivery was dropping $20.60 to $1,574.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,595 and as low as $1,571.80 an ounce while the spot price was
Silver prices for March delivery were down $1.18 at $27.56 an ounce while the U.S. dollar index was gaining 0.4% to $80.18. down $20, according to Kitco's gold index.
Let’s also break this forecast into factors that could push up precious metals prices compared with factors that may pull bullion prices down.
Here are three reasons why I speculate gold and silver prices will remain high and even rise in 2012:
Quantitative Easing Plan #3: if the U.S. economy won’t start to recover, there is the possibility (even if it’s a small one) that the Fed will issue another stimulus plan (QE3);
Low interest rates: as long as the U.S. will keep its inertest rates low, gold and silver prices are likely to remain high;
Slowdown in the U.S. economy: since the U.S is entering an election year, the economic issues are likely to take the back seat; if the U.S. economy will enter a double dip rescission, precious metals are likely to thrive.
Here are four reasons to trade down gold and silver in 2012:
Recovery of U.S. Economy: If the U.S. economy will show signs of slow recovery as in the last few months of 2011, this may curb the rally of bullion prices and lower the chances of the Fed issuing another stimulus plan (QE3);
The European Debt Crisis: if the EU will continue to struggle in dealing with the debt crisis, this may also adversely affect gold and silver prices;
CME Margins: as seen in 2011, CME is likely to keep a vigilant eye on the development in the bullion market; if there will be a sharp gain, be sure there is the possibility that CME will intervene and raise margins again.
U.S. Dollar: If the U.S. dollar will continue to strengthen against other currencies including CAD and AUD, this may also negatively affect gold and silver prices.
Considering the statements mentioned above, I speculate there is a good chance gold and silver prices will perform poorer in 2012 than in 2011. If there will be another stimulus plan or an event that will stir up the markets then there is a small chance that gold and silver prices will perform better in 2012 than in 2011, but not by much....READ MORE
How High Gold Silver Target Price On 2012, 2013, 2014, 2015, 2016
9:03 PM
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How High Gold Silver Target Price On 2012, 2013, 2014, 2015, 2016
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Gold and silver prices are gaining in the final trading session of 2011. Gold is rebounding after falling to near six-month lows on Thursday. Gold is head for a gain of 10% this year. However, prices have fallen sharply in the fourth quarter. Since hitting a record high of $1,920.30 an ounce in September, gold has fallen nearly 19%.
At last check, spot gold was trading 1.5% higher at $1,568.50 an ounce. Ole Hansen, Saxo Bank senior manager told Reuters that we need to see the hot money from speculators and the real money from the money managers coming back to the market. Hansen said that speculators and money managers have been absent throughout December. Gold futures for delivery in February are currently tLinkrading 1.9% higher at $1,570 an ounce. Morgan Stanley believes gold will average $1,511 per ounce.
The bank has raised its average target price for gold this year, and the next five years. For the current year,
Gold target price for 2012, 2013, 2014, 2015, 2016
•$1,624 in 2012
•$1,550 in 2013
•$1,450 in 2014
•$1,300 in 2015
•$1,150 in 2016
supply and demand Worlds silver 2012
8:55 PM
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supply and demand Worlds silver 2012
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As with gold, we expect heightened price volatility for silver in 2012 - but more so, with investors seeing silver as a leveraged play on gold. This in part reflects heightened political and economic uncertainty which plays havoc with the commodities markets. We expect to see silver holding robust interest amongst the speculator community and gaining in respect amongst the investor community with a tightening market justifying prices well above the $20 level.
However, slower global industrial output coupled with a firm US dollar in H1 2012 should provide a drag on runaway silver prices - although we see the possibility of a brief price spike based around difficult geopolitical concerns. Should economic conditions prove less difficult than feared in H2, then there are grounds for saying that silver could benefit as a recovery stock of sorts based upon its good industrial applications. So for silver its a case of heads or tails / we win really.
Silver demand in China and India is set to rise 40 persent in 2012
Demand for silver in China and India is up 30 persent in 2011. In 2010 India ?onsumed about 2,800 tonnes of silver, Indian and Chinese investors are buying more silver to hedge market losses....READ MORE
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