American Express Cards Launches Internet Payment Gateway With Classic Travels

American Express launches online payment gateway with thetraditional travel
Credit cards: American Express has recently partnered with atravel solutions provider Travel Sri Lanka Premier Classic to enable online payments with credit cards American Express for all purchases made ​​in the classic place to travel.
Priyantha Talwatte, commenting on the association, said: "American Express credit cards are delighted to partner withtraditional trips to facilitate travel planning quick and convenient for our travel warning cardholders, enabling online transactions classictravel American Express card "
Suresh Mendis, CEO of Travel classic commentary on the launch of the Internet payment gateway, said: "We are honored to partner with American Express to facilitate our online payment gateway.This is a great opportunity for us to improve our services where our customers can make payments 24 / 7 by American Express cardthrough our classic travel site. "
American Express, the online payment gateway (IPG), offerscommercial partners and holders of American Express with a secure method to accept or make a payment on the Internet,without the physical presence of the licensee to complete the transaction. Currently holds an American Express credit card have the opportunity to use your credit card payment sites and 39 online merchants, including newest addition, Travel Classic.

Final bad day for Europe and beyond?

Final bad day for Europe and beyond?t would be a bad day out there in European stock markets with red tickers just rolling around. The deterioration of the U.S. economy from S & P is the real reason behind this fall. In the first hours of trading, the FTSE, CAC and DAX had begun to decline and fell about 2 percent each. But as soon as U.S. markets opened and began its voyage to the bottom of the stairs, which were affected, but eventually led to a sad end.

FTSE closed the week at the beginning of 5068.95 points, or 3.4 percent below its previous close. CAC in France fell worse. Up to 153 odd points, the number was 3125, after losing 4.7 percent. But the biggest blow was the DAX. In Frankfurt, the scenario changed dramatically when Dow Jones and Nasdaq began its fall. At the close, the DAX was down 312 points, representing 5 percent, closed at 5923.27 points. Yes, it was certainly a stroke because of problems in the United States and also within Europe. The question everyone seems to ask is "What now?" A very good question, indeed, the answer to what can be found in a few hours, when the U.S. markets close.
The Dow, the Nasdaq and the S & P 500 was lower after rebate. In a few hours of trading, the Dow is trading at more than 500 points below the level of 10 940 is really "bad" news, not only for Europe and the United States, but for global markets. The S & P 500 is heading down to 6 percent and higher, hovering near 1100 levels.Nasdaq is not going well either, lost nearly 6 percent, and most importantly, the crucial 2400 level of the index are broken.
If this "fall" continues for U.S. markets and are in no mood to get back before closing is only a little hope for the world. Hope that some kind of mysterious intervention of heaven stop the debacle!For now, 10000-10100 levels appear to be strong support for the Dow Jones, but with the way it fell today, next week has its own meaning. Fears of non-S & P 1100 points and the Nasdaq on another 100 points in the coming days will be a huge thing to consider.
For the FTSE, the 5000 level and were well below that may mark a step of correcting constant for the next few days. It is also the case of Dax. Is broken and the levels of 6000 and approaching the 5900 mark. CVC has a similar scenario to meet the band 3070-3100 is crucial for the index to fall below and it will be a major concern. The market sentiment is negative to ensure that investors are not willing to trust the markets. The deterioration of the U.S. economy, the ongoing crisis in Italy and Europe, with prices of raw materials are the factors responsible for movement of "no confidence" among investors worldwide. What appears next to the line is a hard week so far!

Bank of America sells half its stake in Bank of China

Bank of America sells half its stake in Bank of China
Bank of America is selling almost half of its ten percent share in China Construction Bank for $ 8.3 billion in cash. The largest U.S. bank said the sale could help strengthen its capital base to meet the new standards, known as Basel III.

13100000000 decided to sell shares in the Chinese bank to an investor group that has no name. The sale is expected to be completed in the third quarter and must create an after-tax gain of $ 3.3 billion. There are plans to increase its core capital of 3.5 million dollars.

The sale is the latest move of the bank to the boos of their capital base, and the CFO (Chief Financial Officer) Bruce Thompson said he had added about $ 5.8 billion of its own funds during the monthof August, "with the help of non-core assets sales and other actions. "Information on the sale of shares of Bank of America increased by 5.3 percent in New York.

In the last week of actions encountered cost concerns you may have a capital increase out with one hand to offer not only to collect the Basel III, but to deal with problems List million mortgages on their books . Last week in the U.S. billionaire Warren Buffett said his Berkshire Hathaway will invest $ 5 billion in Bank of Americaand allowed the management team strappingly the bank.

Swiss franc peg could pave the way for $ 2000 gold

Swiss franc peg could pave the way for $ 2000 goldThe Swiss National Bank decided to peg its currency to the euro makes a property less attractive to save haven for many investors. This should be good for gold, as it will become a great attraction as a haven investment.LONDON (Reuters) -

Decision by Switzerland on the ankle of the ancient sanctuary of the franc to the euro eventually can fail golden opportunity to see the prices reached U.S. $ 2,000 an ounce once unthinkable, the metal that holds the clue to its strongest annual meeting in three decades.
The Swiss National Bank shocked world markets on Tuesday as saying he was going to buy an unlimited amount of foreign currency to prevent the franc more than 1.20 Swiss francs per euro, as it struggles to contain the meteoric rise of its currency threatens exports and the economy.
By buying euros in unlimited quantities to weaken the franc, the SNB is made to put more of their own money in circulation, threatening to trigger inflation.
It also affected the status of the Swiss currency as a haven of peace in their own right. First gold prices fell as the movement has provoked a flood of liquidity in the form of other currencies like the dollar, the Swiss National Bank on the move is likely to provide strong support to gold in the medium term, say analysts.
"In general, Switzerland is now a policy of quantitative easing in the currency markets," said Peter Fertig, a consultant for research in the amount of commodities. "If the Swiss franc is no longer a safe haven of choice because of the intervention of the negotiating committee, will be (positive) demand for gold."
Gold increased a lot this year - currently 34 percent since January, on track for its biggest gain since 1979 - was fueled by cheap money, provided mainly by Western central banks to combat debt pile large enough to derail global growth.
Even without the SNB, the worsening debt crisis in the euro area and the inability of the U.S. economy to create a single job last month had led many analysts to improve its gold price targets this year.
The mark of $ 2000 has come in clear view - even if their survival at this level is unclear.
"$ 2000 is a number. There is no reason why he can not go through it, you can go a long way through this," said Nic Brown strategist at Natixis.
"This explosion generates a liquidity demand for gold and creates the perception of the price of gold to go higher," he said. "But ultimately, this is a bubble fueled by cash."
Adjusted for inflation, and gold reached U.S. $ 2,000 per ounce in October 1980. In 1980, the money, the price of gold record high on Tuesday of $ 1920.30 an ounce is only $ 720.
However, the rally was impressive, however, with the metal placed at the end of September with its twelfth consecutive quarterly increase, its longest winning streak in 30 years or more. Place of Switzerland is just the latest piece of news favorable to the metal.
"I think gold is headed to $ 2,000. In theory, this could happen in a few days," said Frank McGhee, head precious metals trading brokerage services built Chicago.
"In fact, if this type of intervention actions was taken and was considered the effective time, then the market will have a new strength from that."
Last refuge?
Gold is part of the family of safe havens, such as senior debt, and so far, the Swiss franc, named for the tranquility they offer to investors when markets become volatile.
With the U.S. Treasury stripped of their triple-A in August by Standard & Poors, German Bund flicker as investors weigh the cost of the richest economy in the euro area to replenish their neighbors, and the Swiss franc is chained the euro, gold is considered by many as the ultimate refuge Standing Committee.
"We have seen that the U.S. Treasury has a reputation for" risk-free assets "damaged, now we have about the Swiss franc to a substantial and sustained intervention by the SNB, so yes it will strengthen demand for gold as a safe haven, "said Credit Suisse analyst Tom Kendall.
"Before this announcement, which was among those who think we should solve some of the area of ​​$ 1,910 and was looking for a short term correction," he said.
"But I think this, and in light of continued pressure on the interbank market for European finance ... I see no real obstacle to gold move above $ 1920 that brand."
Apart from the concerns of investors about the stability of support for the U.S. dollar economy as currency, the euro, sterling or yen, the growing desire among central banks in emerging markets to diversify its foreign exchange reserves was a major supporting factor for the bullion market.

The latest International Monetary Fund shows the world's central banks, bought about 200 tons of gold this year, led by Mexico, Russia and South Korea. 


Investors in exchange-traded products backed by physical gold holdings have increased by a network of 75 tonnes in 2011.

The Swiss National Bank "shock and awe" The decision could encourage more investment.
But not everyone buys into the argument of gold as a haven, with some investors, especially those with shorter time horizons, pointing to the recent volatility in the gold market as a reason to be cautious. Gold traded in a range of more than $ 300 in August, the widest spread of a month in real terms since 1980.
"Stability in a safe manner. What we see in the gold market is anything but stable," said U.S. independent investor Dennis Gartman. "Everything that moves as gold rose today - from $ 1920 all the way up to $ 1,870 over a period of five minutes - it is not safe."

COT Gold, Silver and US Dollar Index Report - September 9, 2011

Gold COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
248,457	64,086	31,105	174,101	401,815	453,663	497,006
Change from Prior Reporting Period
11,227	3,803	1,596	-2,375	7,984	10,448	13,383
Traders
201	76	81	51	52	293	173
	Small Speculators
	Long	Short	Open Interest
	69,631	26,288	523,294
	3,520	585	13,968
	non reportable positions		Change from the previous reporting period
COT Gold Report - Positions as of				Tuesday, September 06, 2011

Gold COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
267,098	25,594	315,388	339,884	625,638	922,370	966,620
Change from Prior Reporting Period
9,349	481	25,260	13,932	25,229	48,541	50,970
Traders
237	88	165	56	56	351	255
	Small Speculators
	Long	Short	Open Interest
	85,379	41,130	1,007,750
	4,190	1,761	52,731
	non reportable positions		Change from the previous reporting period
COT Gold Report - Positions as of				Tuesday, September 06, 2011

Silver COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
37,185	9,978	16,965	30,563	77,869	84,713	104,812
648	284	-465	-1,381	777	-1,198	596
Traders
75	36	40	34	45	134	102
	Small Speculators
	Long	Short	Open Interest
	28,736	8,637	113,449
	2,272	478	1,074
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, September 06, 2011

Silver COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
37,859	3,324	52,868	42,873	99,093	133,599	155,284
314	-643	1,165	-824	1,797	656	2,319
Traders
95	32	75	36	47	160	130
	Small Speculators
	Long	Short	Open Interest
	34,897	13,213	168,497
	2,563	900	3,219
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, September 06, 2011

US Dollar Index COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
26,202	27,933	3,325	14,814	16,382	44,341	47,640
-4,823	-6,074	1,962	-3,116	504	-5,977	-3,608
Traders
50	32	12	18	11	76	49
	Small Speculators
	Long	Short	Open Interest
	6,225	2,926	50,566
	873	-1,496	-5,104
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, September 06, 2011

US Dollar Index COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
26,166	28,026	3,605	15,015	16,555	44,785	48,186
-4,899	-5,986	2,082	-2,981	541	-5,798	-3,363
Traders
52	36	17	19	12	81	57
	Small Speculators
	Long	Short	Open Interest
	6,414	3,013	51,199
	904	-1,531	-4,894
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, September 06, 2011

COT reports every week we see a breakdown of positions available every Tuesday for the markets in which more than 20 traders hold positions equal to or exceeding the benchmarks set by the CFTC. Weekly reports of Futures and Options Combined Commitments of Traders are released every Friday at 15:30 ET. The brief report shows open interest separately by the positions and not to report notifiable. To report positions, additional data are provided in the commercial and noncommercial farms, spread, changes in the previous report. Futures and options combined
What is the title? A future is a standardized contract traded on a regulated market when an investor buys or sells a contract at a specified price for a specific date in the future. The price includes interest expense due to the seller by the buyer on the date of expiry of the contract. One option is the "right to buy or sell" a contract on a fixed date in the future at a specified time [strike] prices. The difference is that the futures contract is an agreement to buy or sell, then that option gives the holder the right to buy or sell. The holder of an option may decide not to take this right and only lost the cost of purchasing the option. His loss is therefore can be defined at the beginning of your investment, while the profit potential is not limited to it. A futures contract is usually leveraged [loan] to 90% of the contract. However, with the owner responsible forcomplete your "margin" to maintain this potential loss of 10% can increase much higher than their investment. A 'long' [purchase] agreement limits the loss of the full price of the game, while the "short" [Sales] contract has no limit, except the price of the product can generate.

 The commitment of traders report [COT] is a report on the general state of the Commodity Exchange [NYMEX COMEX or].
 Large and small speculatorsThe word "speculator" implies that the person is simply to make a bet on how they think the price of the product will move. In essence, this is a player. A trader might be present, but it could also be an arbitrageur, buying in a market and selling in another to capture the price difference between the two. He wants to try as soon as possible to minimize their risk of price movement, while it is exposed. I would not put in the same category as a speculator.
 ContractA contract is 100 grams of commodity [gold and silver in this case]. The above figures therefore the number of contracts of 100 ounces in that position. The speculative net long position is obtained by adding small and large speculators bought contracts and the deduction of speculators, large and small contracts sold. The work of the existence of 32,150 ounces in a tonne.
 Buy [Long]A long position is when an investor, entrepreneur, speculator buys 100 x number of contracts oz
 Sell ​​[short]A short position is when an investor, entrepreneur, speculator sells 100 oz x number of contracts.
 ExtensionFor the report of options and futures combined, the spread measures the extent to which each business operator is not combined long and short positions combined. For example, if a trader does not trade in gold futures contract is 2,000 long and 1,500 short contracts, 500 contracts will appear in the "long" category and 1,500 contracts were published in the "spread" category .
 Open InterestOf interest is the Open total of all futures and / or option contracts entered into and not yet offset by transaction, by delivery, exercise, etc. All open long positions is equal to the sum of all short open positions.
 Reportable PositionsClearing members, agents and brokers foreign Futures Commission (collectively, "reporting companies") to submit daily reports with the Commission. These reports show the futures and options positions by traders who hold positions above specific reference levels set by CFTC regulations.
 Traders and non-commercialWhere a trader is identified to the individual notification of Futures Trading Commission, the trader has been classified as "commercial" or "non-commercial." All positions reported a futures trader in a commercial product is classified as when the operator uses futures contracts that particular product for hedging purposes as defined in the regulations (1.3 (z)).
 No reportable positionsOpen interest of long and short is indicated as "non-reporting of positions" is calculated by subtracting total long and short "Reportable Positions" in the total open interest. Therefore, "no positions to declare" The number of traders involved and classification commercial / noncommercial each operator are unknown.
 Changes in the commitments of previous reportsThe changes represent the differences between the date of this report and the data published in the previous report.
 Number of retailersTo determine the total number of reportable traders in a market, a trader is counted only once, regardless of whether the trader appears in more than one category (non-trading can be long or short and can spread , traders may be long and short). To determine the number of operators in each category, however, a merchant account in each category in which the operator has a position. Therefore, the sum of the numbers of traders in each category, often exceed the "total" number of players in this market.