assets are transferred
The market of precious metals after the New Year surprises with its diversity. The search for fallback options for traders and investors leads to a natural increase in gold and silver quotes. Palladium and platinum remain outsiders amid the threat of US default. But interest in reliable assets does not exclude the possibility of correction in the near future.
On January 16, gold on the exchanges rose significantly after analysts at Credit Suisse Group and Danske Bank published their forecasts for 2013 and 2014. According to the Securities Market, the February Comex gold futures on the Comex NYSE rose $ 8, or 0.46%, to $ 1,677.10 a troy ounce.
Expert Christine Tuxen (Danske Bank) believes that the average price of gold this year will be $ 1,720 per ounce, but will drop to $ 1,600 in 2014. According to Tom Kendall (Tom Kendall) of the office of Credit Suisse in London, which leads the publication, we can expect a price of $ 1740 per ounce and $ 1720, respectively. The general opinion of foreign and Russian experts is that the average price of gold will reach record highs in 2013 due to the large volume of stimulation in various economies of the world, Prime emphasizes. So of all the precious metals, the position of gold looks the most confident. Continue reading
Google is ahead of the rest …
Google is breaking records. According to the company’s quarterly report, for the first time since its inception, its revenue exceeded $ 50 billion. It amounted to $ 50.2 billion, which is 32% more than in 2011. Google’s financials exceeded analyst expectations. Experts attribute the success to the fact that the company effectively profit from advertising on PC.
And this despite the fact that with mobile advertising (which has excellent prospects for the near future, and some problems with profitability at the moment), Google did not work out so smoothly. In general, the company holds 41 percent of the online advertising market, which is tied to the results of search queries in the system. By the way, the vast majority of requests on the Internet are carried out through Google – about 80 percent. At the same time, the total volume of calls to the search engine themselves grew by 24 percent during the reporting period. The main income the company receives from contextual advertising on request. Last year, this revenue was the largest in the history of Google. Continue reading
The economic situation in Cyprus improved after the Eurogroup decided to provide Nicosia with financial assistance in the amount of ten billion euros. According to experts, the acute phase of the crisis in Cyprus has already been overcome.
As a result of lengthy negotiations, it was decided that deposits of more than 100 thousand euros covered by insurance in the EU will be fully retained, and for large – above 100 thousand euros – the tax will be 40%. Cyprus President Nikos Anastasiadis noted that he was satisfied with the agreement.
Now the Cypriot authorities are trying by all means to prevent the outflow of funds of investors. They will be allowed to withdraw no more than 300 euros per day to prevent the outflow of liquidity. At the same time, a number of prohibitive measures are being introduced, including the abolition of cashing checks and restrictions on the export of currency outside the country.
Citizens of Cyprus will also temporarily be unable to take out more than 1000 euros when traveling abroad. Customs officers will conduct checks at border crossings. Continue reading