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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Waves of multi-year high Canadian dollar

TSX rises to 1.2% at 13, 897 48Dow rises 1.5 per cent at the stage of the North American market 12,453.54 their largest gathering of a day of the yearBack links to accessibility

The Canadian dollar hit a Wednesday top 3? years and North American markets held their largest gathering of a day of the year.

Gold reached another record as the U.S. dollar weakened.

Closed loons of cent 104.90 0.35 cents after touching a high of 105.29 cents US, its the highest level since November 2007.

Some economists said that the rally was propelled by a move products investors seeking safe haven, tangible investment.

The Canadian dollar hit a new multi-year high in prices of raw materials and concerns about the health of the US economy. (Canadian Press)

Markets responded to concerns about possible inflation, as the reserve Federal American expands the money by $ 600 billion supply and effects on recovery as this stimulus ends this summer.

Traders are also concerned by the possibility of a downgrade of the U.S. government debt after that the rating agency Standard and prevents Monday Poor one in three chance that he would lower the rating over the next two years.

"It is a history of US dollar as the combination of loose monetary policy and a compromise budget post weigh heavily against the [ticket]," said Camilla Sutton Scotia Capital Chief currency strategist.

The weaker greenback has helped push the price of oil above US $111 a barrel. Oil also rose after a report showed U.S. supplies gasoline fell for a second week, suggesting higher fuel have not slowed demand.

June crude closed with a gain of $3.17 or 2.9% to $111.45 per barrel.

In Toronto, the S & P/TSX Composite Index finished the day at 160.65 points, or 1.2%, to 13,897.48, supported by solid materials and oil issues.

In New York, the Dow Jones industrial average rose to 186.79 points, or 1.5%, to 12,453.54, its highest level since June 2008.

Advance of the dollar followed a period prior to more than 8 tenths of one cent Tuesday after figures of higher inflation more convinced traders the Bank of the Canada can pass to the increase in the rate of interest in July.

Statistical Canada said Tuesday that country's inflation rate increased by 3.3% in the 12 months ending in March, the highest since before the recession.

Economists surveyed by Bloomberg expected the figure to come more close to 2.8%.

Also supported metal prices into account in the rising Canadian dollar.

Gold rising above US $1,500 an ounce Wednesday for the first time as concerns over the health of the economy sent U.S. investors flocking to a shelter.

Future of gold for June delivery settled at $3.80 to $1,498.90 an ounce.

In its warning, Standard & Poor cited a "material risk" that the politicians could not agree on how reduce the budget deficit in the medium term, say to the United States a "very large budget deficits and rising government debt and the path to the solution of these is not clear for us."

This issue could continue to have an impact on the U.S. greenback, said Sutton.

"The dollar should weaken further that the combination of fiscal policy and monetary us weighs heavily on the prospects", she said.

Records of the Canadian Press return to the accessibility links

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Tornadoes pounding through the waves States

SPC. Scott Dawson tries to remove the licence plate of his car which was destroyed in a tornado in Fayetteville, N.C., James Robison/Associated PRess)

Thunderstorms battered part of the thorax of the nation Tuesday, toppling trees on houses in Arkansas and blowing car tracks in Illinois.

But contrary to the tornadoes, and straight-line winds that killed at least 46 people in six States less than a week ago, there was any immediate injury report as the last combat storm crushed portions of the South and the Midwest.

Officials Wednesday morning were investigating 32 separate reports of tornadoes across a number of American States.

In the Pulaski County of central Arkansas, where a tornado killed a mother and her son last week in Little Rock, emergency officials said that the storms had not made any victims by late Tuesday night.

"We were yet to recover from the storms of the last week, therefore if it is the fact that, then, Yes, it is quite a relief," said Lieutenant Carl Minden, a spokesman for the Office of the Sheriff of Pulaski County.

In Missouri, the Pike County Sheriff's Department said three tornadoes were spotted in a delay of 45 minutes. Some houses and bars have been damaged. Tornadoes were also reported near St. Louis, and Lambert Airport the city has been closed for some time.

Northeast of St. Louis in the County of Macoupin Illinois, Director of the management of emergency Jim Pitchford said two houses were destroyed and 15 damaged.

"It is quite clear to us, it was a tornado - at least one, possibly two,"Said Pitchford.""

Also in Illinois, the National Weather Service reported that strong winds managed to blow some cars off the coast of the railway in Taylorsville.

In Garland County, Ark., violent winds sent a tree crush on a busy House, but the family escaped unhurt, after a 911 call, said Joy Sanders, County Emergency Management Director.

In Oklahoma, storms seemed to save the city of Tushka, where a large tornado last week killed two people, at least 43 wounded and damaged or destroyed dozens of homes and businesses.

"All we have in our region were a few sprinkles," said emergency management director Roger McIninich. "We dragged type of past it.".

Thousands of Illinois Oklahoma people were left without power after storms.

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Wynn Macau jumps to record after the waves of Profit in the first quarter

April 20, 2011, 5: 34 pm EDT by Wendy Leung

(Updates closing stock in the second paragraph).

April 20 (Bloomberg) - Wynn Macau Ltd., a unit of the casino operator, founded by billionaire Steven Wynn, pink in the trade of Hong Kong as the high stakes players Chinese stimulated the profit in the first quarter of 66%.The owner of Wynn Macau and even casinos won 1.1% to HK$ 27.35 at the end in the trade of Hong Kong after having climbed as much as 4.8 percent of HK$ 28.35, the highest intraday since the beginning of the negotiation in October 2009. The benchmark Hang Seng index has increased by 1.6%.The opening of a second station in the largest in the world of game hub and better than expected earnings to Las Vegas leads parent Wynn Resorts Ltd. to show growth six-fold in favour of the first quarter, beating analysts estimates. The company expects the Government permission to start building a third Macau resort centre "any day now", Wynn said yesterday. "" Wynn Macau is the best proxy of Macau ", Karen Tang, an analyst based in Hong Kong for Deutsche Bank AG, wrote in a note to clients today. Its casinos offer "customer experience superior, which extend the game," she said.Wynn Macau open Macau again in April 2010 in the former Portuguese colony, game hub largest in the world and the only place in China where casinos are legal.Net result for the first quarter to the Wynn Resorts expanded 173.8 million to 27 million a year earlier, said yesterday the company based in Las Vegas.Profit de Macau slots RevenueWynn grew up in 189.7 million of $ 114.3 millionHe said today. VIP sales increased by 45% to $ 29.3 billion, and produced slot machine has increased from 59% to $ 1.5 billion, the company said. "" This quarter, the most impressive segment was slots ", said Tang. "Wynn Macau earned a nice niche in the high-end slot in Macao segment."Games of chance in the Chinese city has soared since the Government ended the monopoly of 40 years of billionaire Stanley Ho and helped companies including Wynn, Las Vegas Sands Corp. and MGM Resorts International to build stations.Income in Macau casino game rose 43% to 58.5 billion patacas ($7.3 billion) in the three months ended March as players of Paris placed over mainland China. Total income casino expanded 58 percent year last patacas billion 188.3 or $ 23.5 billion, about four times the $ 5.8 billion for the high RollersRevenue of Las Vegas VIP Strip.Chinese or high stakes players, which build as much as 2 million patacas a hand was 42.6 patacas billion, 73% of total Q1 Macau casino, game of revenue, government data show. Which is an increase of 70 per cent during the same period in the VIP 2010.Most, players are brought into the city by the operators of curd from mainland China, which includes not Hong Kong, Macao and Taiwan.Wynn is the founder and Executive Director of Wynn Resorts, which owns approximately 72 percent of the unit of Macau listed in Hong Kong. separately, Galaxy Entertainment Group Ltd. posted a 71 percent increase to benefit before interests, taxes and amortization to 712 million HK ($92 million) today and predicted record first-half earnings on revenue from high stakes players.Galaxy, owned in part by Permira advisers LLP, climbed 6 per cent to HK$ 13.82 in Hong Kong of negotiation, the highest level since its commercial launch in October 1991.

-Editors: Frank ID Longid, Chua Kong Ho

To contact the reporter on this story: Wendy Leung in Hong Kong to the wleung12@bloomberg.net

To contact the responsible editor of the story: Frank ID Longid in the flongid@bloomberg.net

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