Waves of money at his highest level inflation hedge, use of the industry

April 25, 2011, 2: 56 pm EDT by Glenys Sim and Kyoungwha Kim

April 25 (Bloomberg) - Silver rallied to a record level investors seeking to protect their wealth against the acceleration of inflation and a weakening of the dollar with holdings in a metal benefiting also from economic growth. Spot Gold has also reached a record.

Delivery immediate silver soared up to 5.4% to $49.79 per ounce, beating the previous peak, which, according to research, GFMS Ltd. was of $49.45 in 1980. The metal was $49.0788 to 2 h 40, at Singapore, for a ninth day and together win longest run since a gain of 11 days in March 2008.Precious metals are magnet to the investor concern that Central Bank programs to boost economic growth with extremely low interest rates and increase of the offer of money will boost inflation and hurt currencies including the dollar. Silver is the best performer last year on the Standard & Poor GSCI Index of raw 24, before cotton, coffee and sugar. "The increase has been dramatically fast, Peter Hickson, an analyst at UBS AG in Hong Kong, said before the prize money record of today has been reached. The metal for immediate delivery takes end of March to $37.665. "The momentum of the request is clearly with it."Cash has more than doubled last year, exceeding the gains gold and copper, on speculation that the currency will be degraded and inflation if will accelerate after that Governments spend $ 2 trillion to stimulate their economies from the worst recession since the second world war.The dollar has fallen close to a minimum of 16 months against the euro on speculation that the Federal Reserve will continue to borrow fresh near zero while officials of the European Central Bank of the signal further rate increases. Fed Chairman s., Ben Bernanke held a press conference after the Declaration of the Federal open market Committee on 27 April, after a two-day meeting in Washington. "Market where he likes '"Silver long term really will end up in a blood bath, but in the short-term the market loves,"Dominic Schnider, Director of research at UBS AG wealth management, said in an interview with Bloomberg Television today. What is called the relative strength of the commodity index, which can point to a decline when it is over 70, was at 90.711 today, according to data from Bloomberg.Demande of money investment climbed 40 percent to a record high in 2010 and the use of manufacturing jumped to a maximum of 10 yearsGFMS said in an April report published by the Silver Institute based in Washington. Assets held in products exchanged-traded pink to a record 15,509.54 tonnes on 12 April, data compiled by Bloomberg shows four providers.Silver July-delivery on the Comex in New York jumped as much as 8.2% to $49.845 per ounce today, before the Exchange at $48.925. The record price is $ 50,35 ounces, also set in January 1980, according to the Exchange. Gold for immediate delivery climbed up to 0.7% at $1,517.98 per ounce. "Investment Haven'"Silver definitely benefits from the application of overflow of gold as an investment haven,"said Li Ning, analyst of the future International of China (Shanghai) Co. An ounce of gold bought as few as 30.5121 ounces of silver today, the lowest level since September 1980.Silver is the precious metal that is used in industry and found in products of solar panels for plasma displays and chemical catalysts. In India, future of money also reached a record 73,600 ($1,655) rupees per kilogram on the Multi Commodity Exchange of India Ltd. today. "It is mainly driven by speculative buying, with investors considering the record for some time now," Yang Shandan, a trader at Cinda Futures Co., said of Zhejiang in China. " "We could do a bit of profit-taking now that we pushed passed the top".Consumer prices are accelerating China in India as oil climbed to a two-and-half year high after that violence in the Middle East and Africa threatened to disrupt supplies. China consumer prices, the fastest in the world major economic growth, could reach between 5.2% and 5.5% in April, according to a report on April 24 from wave of China International Capital Corp.After silver in 1980, Nelson and William Hunt of Dallas have been recognized guilty in 1988 of conspiracy for trying to manipulate prices and has been ordered to pay $ 130 million.Among other precious metals, platinum acquired for a fourth day, the increase of 0.8% to $1,836.75 an ounce, the highest price since March 7, and palladium has increased as much as from 1% to $775 an ounce.

-With the help of Madelene Pearson in Mumbai. Editors: Jake Lloyd-Smith, Jarrett banks

To contact the reporters on this story: Glenys Sim to Singapore to gsim4@bloomberg.net; Kyoungwha Kim at Singapore to the kkim19@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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Ex-Nomura trader overcomes Quake with the Japan Option Hedge Fund

April 20, 2011, 10: 12 am EDT by Tomoko Yamazaki and Komaki Ito

April 21 (Bloomberg) - Go Horiuchi, a former trader at Nomura Holdings Inc., led a 5 percent return with his hedge fund that invests in the options in Nikkei 225 Stock average in March, caused losses of earthquake record of the Japan of alteration.

The Gamma strategy Fund Asia developed, led by Singapore - based Alternative Pte of advisers, began on 1 September with "a few million dollars", aims to increase the size of the Fund of approximately 10 billion yen ($121 million) at the end of the yearsaid Managing Director Ken Fukui. Sherp is in talks with Japanese financial institutions begin to sell the funds locally, he said, refusing to elaborate saying talks are private.Return of March of the Fund compared with slide in the Nikkei 225 Stock average by 8.2% last month a magnitude 9 temblor and the tsunami that ensued crippled a nuclear power plant, creating the worst disaster in the Japan since the second world war. The Fund invests in highly - traded Nikkei 225 Options listed on the Osaka Stock Exchange and limits the losses by trading in derivatives - which give the right, but not the obligation, to buy or sell a security at a fixed price and the dateFukui said. "We are in an interesting period where it is necessary to expect the unexpected as we saw with the disaster in the Japan," Fukui, 48, said in an interview yesterday in Tokyo, where he is on a business trip. "" " Investments to buy downside protections before the earthquake contributed to the return in March. "Volatility SurgesSherp attempts to capture the demand of investors who seek to use the options to protect against loss in their portfolios and increase yields. Investors use options of is to protect against fluctuations in the price of securities that they have to speculate on the price of the action moves or bet that volatility will increase or decrease.The Nikkei Stock average Volatility Index, a gauge of price of the option Japanese, almost tripled in two working days after the earthquake on March 11 to a maximum of two years of 69.88, while the Nikkei 225 fell the most since 1987.The March gain developed Asia Gamma strategy of the Fund also beaten 0.2% return by Hedge Fund Eurekahedge index, which tracks funds more than 2,600 worldwide.Fukui - whose former stays include investment officer head of GCI Asset Management and Fund to Sparx Group Co - and Horiuchi Manager, 35, a former Nomura, derivatives trader in place of the Alternative advisors in January 2010. "" The Fund aims to win a place where investors will be see as a good protection for the downside risks, "Fukui said.

-Editors: Malcolm Scott, Linus Chua.

To contact the reporters on this story: Tomoko Yamazaki in Tokyo at the tyamazaki@bloomberg.net; Komaki Ito in Tokyo at the kito@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc on apapuc1@bloomberg.net.

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