Vietnam Business News

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• U.S. gold rose more than 1 percent on Friday
• Securities brokerages facing threat of bankruptcy
• BIDV IPO shares averaged at 18,583 dong
• Hanoi to have nearly 8,500 apartments for low income earners
• Gold futures rose Friday in early afternoon trade in East Asia
• Gold, commodities poised to rise
• Bullion retreat as China impose ban on illegal exchanges
• Goldman Sachs forecasts $1,810 average gold price in 2012
• Two simple secrets to consistently making profits in gold and silver
• A look back : gold in 2011

U.S. gold rose more than 1 percent on Friday Posted: 30 Dec 2011 01:15 AM PST Spot gold is ending 2011 on a weak note after ten consecutive annual gains, heading for its first quarter of losses in more than three years and a new year likely to be dominated by worries about economic growth and sovereign debt. U.S. gold rose more than 1 percent on Friday, as sharp falls in [...]

Securities brokerages facing threat of bankruptcy Posted: 30 Dec 2011 01:05 AM PST The story that SME Securities Co was suspended in payment operations in December raised the question "how many securities brokerages may face similar situation?" Measuring bankruptcy danger of companies is not easy, especially finance companies whose corporate finance are not declared. These firms usually use items outside the balance sheet. The article author used Z-score [...]

BIDV IPO shares averaged at 18,583 dong Posted: 30 Dec 2011 01:05 AM PST The Hanoi Stock Exchange this afternoon December 29 announced the results of the initial public offering (IPO) of the Bank for Investment and Development of Vietnam (BIDV). Accordingly, 84,754,146 shares of BIDV’s IPO were bought up with the average auction price at 18,583 dong/share, higher than the starting price of 83 dong/share. Specifically, there were [...]

Hanoi to have nearly 8,500 apartments for low income earners Posted: 30 Dec 2011 01:05 AM PST Hanoi Department of Construction has recently said that currently, the capital city is carrying out investment and construction for 10 hostel projects for over 43,600 students and eight dormitory projects with nearly 8,500 apartments for low-income earners. In addition, the city is also conducting social house construction and put into use for 500 apartments for [...]

Gold futures rose Friday in early afternoon trade in East Asia Posted: 30 Dec 2011 01:00 AM PST Gold futures rose Friday in early afternoon trade in East Asia, moving back from a string of recent losses for the precious metal. Comex-traded gold for February delivery  rose to $1,555.70 an ounce, up from its New York settlement of $1,540.90 Thursday. Friday’s gains follow a week-long trend that saw investors selling precious metals ahead of [...]

Gold, commodities poised to rise Posted: 30 Dec 2011 01:00 AM PST Michael Cuggino, manager of the Permanent Portfolio Fund, says commodities have been oversold. He tells Jonathan Burton that investors in 2012 will boost prices of gold, copper and other commodities to reflect modest, but real, economic growth.

Bullion retreat as China impose ban on illegal exchanges Posted: 30 Dec 2011 12:39 AM PST Gold futures Thursday traded below 27000 down almost 1% and Silver below 50000 down more then 1.5% on MCX due to falling industrial output in Japan, seasonally low jewelry demand in Indian – the world’s No.1 gold buying nation – and also a new edict from the People’s Bank of China order the closure of [...]

Goldman Sachs forecasts $1,810 average gold price in 2012 Posted: 30 Dec 2011 12:15 AM PST The gold price slid $13.89, or 0.9%, to $1,594.92 per ounce Tuesday morning amid modest declines in the broader commodities complex.  Silver fell $0.42, or 1.4%, to $28.85 per ounce alongside the price of gold.  Equity markets in Asia and Europe were mixed, while U.S. markets looked to open slightly lower after a worse than expected [...]

Two simple secrets to consistently making profits in gold and silver Posted: 30 Dec 2011 12:00 AM PST There are two simple secrets to consistently making profits in goldGLD +0.40% and silver SLV -0.66% . Anyone can easily learn these secrets. First some background is in order. In my article Gold top was easy to see , I demonstrated how the adaptive allocation models at The Arora Report correctly called the top in gold for this swing at $1757 and gave a [...]

A look back : gold in 2011 Posted: 30 Dec 2011 12:00 AM PST As we wind down the year gold and silver have both been relatively quiet following the Christmas holiday with low volume and thin trading. Prices have stabilized just under $1600 per ounce. Assuming no large scale moves before the end of the year, gold will have posted its tenth straight year of gains, tacking on [...]

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