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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (64731)	7/14/2010 5:56:13 AM
From: elmatador	Respond to of 217620

Peru’s Sol Rises to 23-Month High as GDP Growth Draws Investors. South America’s sixth-largest economy will spur the local currency to keep strengthening. Peru may post annual growth of 9 percent in May, according to the median estimate of 14 economists surveyed by Bloomberg. That would be the second-highest figure in 19 months. July 13 (Bloomberg) -- Peru’s sol rose to a 23-month high as investors bet that growth in South America’s sixth-largest economy will spur the local currency to keep strengthening. The sol climbed 0.2 percent to 2.8194 per U.S. dollar at 12:41 p.m. New York time, from 2.8235 yesterday. Earlier it touched 2.8189, the strongest level on an intraday basis since Aug. 8, 2008. Peru may post annual growth of 9 percent in May, according to the median estimate of 14 economists surveyed by Bloomberg. That would be the second-highest figure in 19 months. The national statistics office is scheduled to announce May output on July 15. The central bank, which projects 6.6 percent growth for this year, raised its reference rate for a third straight month last week to keep inflation under control. “There is more foreign direct investment in Peru, so you’ll probably see the sol appreciate further,” said Vicente Tuesta, head of research at Lima-based Prima AFP. “Long-term investment projects guarantee sustainable economic growth without the need for public spending.” --Editor: Glenn J. Kalinoski To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

To: Cogito Ergo Sum who wrote (64731)	7/14/2010 11:07:08 PM
From: average joe	Read Replies (2) \| Respond to of 217620

Howard: Say, answer me this one, will you? Why is gold worth some twenty bucks an ounce? Flophouse Bum: I don't know. Because it's scarce. Howard: A thousand men, say, go searchin' for gold. After six months, one of them's lucky: one out of a thousand. His find represents not only his own labor, but that of nine hundred and ninety-nine others to boot. That's six thousand months, five hundred years, scramblin' over a mountain, goin' hungry and thirsty. An ounce of gold, mister, is worth what it is because of the human labor that went into the findin' and the gettin' of it. Flophouse Bum: I never thought of it just like that. Howard: Well, there's no other explanation, mister. Gold itself ain't good for nothing except making jewelry with and gold teeth.

To: Cogito Ergo Sum who wrote (64731)	7/16/2010 5:48:58 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217620

just in in-tray, about good people doing god's work player 1: chron.com AUSTIN — Fearing unstable international financial markets and the possibility of high inflation, Texas' higher education investment managers have bought more than $500 million in gold. The gold purchases represent only 3 percent of the University of Texas Investment Management Co.'s $22.3 billion in investment funds, but it indicates how deeply the fund managers are concerned about the global financial future.http://www.chron.com/disp/story.mpl/business/7108909.html <snip> player 2: I told them on a conference call last week to put 10% of their money in gold. player 3: Apparently they listened to you.