(1888PressRelease) Concern over the future of the euro remain despite action by central banks.MIAMI, FL - This morning's action on the part of five major central banks and the Federal Reserve, coupled with separate action from the People's Bank of China served to boost gold and ease liquidity strains. However, the action did not provide a cure-all for the euro zone problems. A recession is looming in southern Europe, if it has not already...more
(1888PressRelease) Five central banks join with Federal Reserve to reduce interest rates.MIAMI, FL - News broke this morning of a concerted move by five major central banks plus the Federal Reserve to reduce the cost of borrowing dollars. The Bank of England, Bank of Canada, Bank of Japan, Bank of Switzerland, the European Central Bank and the US Federal Reserve launched a coordinated action aimed at restoring confidence in the markets and...more
(1888PressRelease) Coordinated central bank action pushes gold above $1750.MIAMI, FL - Gold soared to an intra-day high of $1752 before falling back to $1745, based on the unexpected coordinated action of five major central banks and the Federal Reserve. Faced with the possibility of Italy facing insolvency - as hoped for solutions proved insufficient - major world banks took action. The Banks of England, Canada, Switzerland and Japan joined with the ECB and the Federal Reserve to reduce borrowing rates by 0.5%, effectively making it cheaper for banks to lend money and increasing liquidity. Arguably this move could be considered a form of quantitative easing since it increases the availability of cash and eases liquidity strains. It also increases the possibility of inflation, which would drive investors away from cash and towards the safe haven offered by gold and silver. The US dollar took a sharp tumble following the news and equities rose, along with precious metals."This move is like an early Christmas present for the financial markets," says Bill Hionas of Pan American Metals of Miami. "We have seen a sharp rise in the price of precious metals this morning with gold shooting...more
I always thought that it would be a lot of fun to be a Miami florist. I love plants. My house is full of them. I love giving people plants, and I love it when people give them to me. I think that a beautiful plant is the perfect gift for just about any occasion. Any girl can tell you that a beautiful bouquet is a great way to get into her heart....more
To say that Miami and Anchorage are polar opposites may be an understatement for many particularly when they focus on the images entrenched in their minds about both places. Miami: sun beaches, girls in tiny bikinis, South Beach and too many parties to go to.Anchorage: freezing cold, Sarah Palin, and freezing cold. Sure it is totally unfair, since...more
(1888PressRelease) Gold has consolidated Wednesday's gains, remaining in the mid-$1700s.MIAMI, FL, December 1, 2011, Gold appears to be holding on to gains made yesterday as a result of the concerted action by the Federal Reserve and five major central banks. The central banks' action allowed a sigh of relief to flow through Europe and beyond as fears that the European debt crisis would spread globally dissipated. Nonetheless, euphoria had evaporated somewhat this morning following cautionary remarks from Mario Draghi, president of the European Central Bank. He did announce a willingness on the part of the ECB to step in, provided European nations could agree on tighter budget controls. Whether this agreement can be reached remains to be seen; France, for example, is seen to be highly resistant to giving up any sovereignty concerning budget decisions. Faith in the future of the euro has been fading fast and only time will tell whether Wednesday's action will be enough to save the currency."Yesterday's move by central banks was highly beneficial to precious metals and gold is consolidating the gains made, staying in the $1740 - $1750 range," says Bill Hionas of Pan American Metals...more
(1888PressRelease) HSBC revises silver forecast for 2012 to $34.MIAMI, FL,Silver benefited, along with gold, from the coordinated action by five major central banks, plus the Federal Reserve, on Wednesday. HSBC has since raised its forecast for the...more
Holidaying in Miami with your friends is the best way to spend your holidays. Dont you want your holidays to be spectacular and want to enjoy everything? Hire a stretch limo or a Hummer limo from the Miami limos and you will see that your holiday is...more
(1888PressRelease) Outlook for both palladium and platinum is more positive following better news on European front.MIAMI, FL, As all the precious metals rose sharply following the news Wednesday of a joint central bank and Federal Reserve...more
(1888PressRelease) Palladium makes highest gains for over a year; is forecast to increase significantly in 2012.MIAMI, FL - Palladium, perhaps the least talked about of the precious metals, is truly shining at present, having made and consolidated...more
(1888PressRelease) Precious metals make impressive gains over the week.MIAMI, FL - Gold, silver and palladium all made huge gains last week with palladium, percentage wise coming out way ahead at 13.3%. Gold looks set to make further gains this week,...more
Miami is one of the top spots preferred by many people for spending their vacations whether with family or with friends. The main expectations of anyone from vacations are that they should be enjoyable, memorable and hassle free but when you are in a...more