Wednesday, August 24, 2011
Top Commerecial print: Beautiful Red Dress
Top Commerecial print: Beautiful Red Dress: Beautiful Red Dress www.topcommercialprint.com www.aplusprintingsite.com
Top Commerecial print: Beautiful Wedding Dress
Top Commerecial print: Beautiful Wedding Dress: Bride does not have to wear a white wedding dress, right? In recent years the brides at weddings wear wedding dresses in color
Beautiful Wedding Dress
Bride does not have to wear a white wedding dress, right? In recent years the brides at weddings wear wedding dresses in color
Monday, August 8, 2011
Shocker: JPM Sees Gold At $2,500 By Year End
Shocker: JPM Sees Gold At $2,500 By Year End
Submitted by Tyler Durden on 08/08/2011 - 12:29
We though we had seen it all... Then JPM's Colin Fenton came out with a prediction of gold hitting $2500 by year end. That's right: JP Morgan... $2500...."Gold and sugar have potential to run a lot higher. It has been clear for weeks that the prompt CMX gold price has been building in a rising probability of a reflaring of financial crisis, gaining by 9.7% since June 30 as the MSCI World Equity index dropped by 10.1%. The correlation in daily price changes between these two assets has dropped to –0.09 from +0.29 over the prior year. Gold’s correlation against TIPS has doubled to 0.35 from 0.18. Against Italian and Spanish 5-year sovereign CDS prices, the gold correlation has moved to 0.27 and 0.32, from 0.07 and 0.04, respectively. Before the downgrade, our view was that cash gold could average $1800 per oz by year end. This view will likely now prove to be too conservative: spot gold could drive to $2500 per oz or higher, albeit on very high volatility." Funny, when discussing yesterday's Goldman upgrade of gold we said: "Next up: everyone else." Little did we know... Also, it is unclear if Blythe precleared this client note. But at this point it probably does not matter.
Submitted by Tyler Durden on 08/08/2011 - 12:29
We though we had seen it all... Then JPM's Colin Fenton came out with a prediction of gold hitting $2500 by year end. That's right: JP Morgan... $2500...."Gold and sugar have potential to run a lot higher. It has been clear for weeks that the prompt CMX gold price has been building in a rising probability of a reflaring of financial crisis, gaining by 9.7% since June 30 as the MSCI World Equity index dropped by 10.1%. The correlation in daily price changes between these two assets has dropped to –0.09 from +0.29 over the prior year. Gold’s correlation against TIPS has doubled to 0.35 from 0.18. Against Italian and Spanish 5-year sovereign CDS prices, the gold correlation has moved to 0.27 and 0.32, from 0.07 and 0.04, respectively. Before the downgrade, our view was that cash gold could average $1800 per oz by year end. This view will likely now prove to be too conservative: spot gold could drive to $2500 per oz or higher, albeit on very high volatility." Funny, when discussing yesterday's Goldman upgrade of gold we said: "Next up: everyone else." Little did we know... Also, it is unclear if Blythe precleared this client note. But at this point it probably does not matter.
Tuesday, August 2, 2011
Top Commerecial print: Saudi Arabia to build world's tallest skyscraper
Top Commerecial print: Saudi Arabia to build world's tallest skyscraper: "Saudi Arabia to build world's tallest skyscraper £736m multi-purpose Kingdom Tower in Jeddah will stand 1,000 metres tall, surpassing Duba..."
Saudi Arabia to build world's tallest skyscraper
Saudi Arabia to build world's tallest skyscraper
£736m multi-purpose Kingdom Tower in Jeddah will stand 1,000 metres tall, surpassing Dubai's Burj Khalifa
Saudi billionaire Prince Alwaleed bin Talal speaks to the press about his plans to build the world's tallest skyscraper. Photograph: Fahad Shadeed/Reuters
They are the neighbouring gulf states battling it out for economic supremacy. And in the latest grand example of keeping up with the Joneses, Saudi Arabia has awarded a contract to build the world's tallest skyscraper, shattering the current record held by a building in Dubai.
The £736m deal for the hotel, office and residential complex reaching two-thirds of a mile into the sky makes Saudi Arabia the current frontrunner in the race between the oil-rich nations for glitzy architectural trophies. The projects are seen as status symbols to show off both economic success and cultural sophistication.
Kingdom Holding Co, the investment firm headed by the billionaire Prince Alwaleed bin Talal, said it signed the deal with the Binladen Group to build the 1,000-metre Kingdom Tower on the outskirts of the Red Sea city of Jeddah. The Saudi construction group is owned by the family of Osama bin Laden, which disowned the former al-Qaida leader years before the 9/11 attacks.
"The decision of the partners to build the world's tallest building further demonstrates their belief in investing in this nation," said Talal al-Maiman, a Kingdom Holding Co board member.
"We intend Kingdom Tower to become both an economic engine and a proud symbol of the kingdom's economic and cultural stature in the world community. We envision Kingdom Tower as a new iconic marker of Jeddah's historic importance as the traditional gateway to the holy city of Mecca."
The proposed skyscraper would break the record of Dubai's 828-metre Burj Khalifa, which opened in January 2010 as the world's tallest building with 160 livable floors and a boutique Armani hotel.
Dubai developer Nakheel had planned to build a tower more than 1,000 metres high in the city-state but shelved the plans in early 2009 as the global economic crisis soured demand.
Kingdom Tower, designed by Chicago-based Adrian Smith + Gordon Gill Architecture, is the first phase of the planned Kingdom City, a two-square mile urban development first announced in 2008 as the financial crisis squeezed world markets.
The venture is seen as a key part of Saudi ambitions to maintain growth by diversifying its economic base away from oil. It is planning a number of economic cities, creating tens of thousands of new jobs as the country tries to ease its reliance on foreign workers.
£736m multi-purpose Kingdom Tower in Jeddah will stand 1,000 metres tall, surpassing Dubai's Burj Khalifa
Saudi billionaire Prince Alwaleed bin Talal speaks to the press about his plans to build the world's tallest skyscraper. Photograph: Fahad Shadeed/Reuters
They are the neighbouring gulf states battling it out for economic supremacy. And in the latest grand example of keeping up with the Joneses, Saudi Arabia has awarded a contract to build the world's tallest skyscraper, shattering the current record held by a building in Dubai.
The £736m deal for the hotel, office and residential complex reaching two-thirds of a mile into the sky makes Saudi Arabia the current frontrunner in the race between the oil-rich nations for glitzy architectural trophies. The projects are seen as status symbols to show off both economic success and cultural sophistication.
Kingdom Holding Co, the investment firm headed by the billionaire Prince Alwaleed bin Talal, said it signed the deal with the Binladen Group to build the 1,000-metre Kingdom Tower on the outskirts of the Red Sea city of Jeddah. The Saudi construction group is owned by the family of Osama bin Laden, which disowned the former al-Qaida leader years before the 9/11 attacks.
"The decision of the partners to build the world's tallest building further demonstrates their belief in investing in this nation," said Talal al-Maiman, a Kingdom Holding Co board member.
"We intend Kingdom Tower to become both an economic engine and a proud symbol of the kingdom's economic and cultural stature in the world community. We envision Kingdom Tower as a new iconic marker of Jeddah's historic importance as the traditional gateway to the holy city of Mecca."
The proposed skyscraper would break the record of Dubai's 828-metre Burj Khalifa, which opened in January 2010 as the world's tallest building with 160 livable floors and a boutique Armani hotel.
Dubai developer Nakheel had planned to build a tower more than 1,000 metres high in the city-state but shelved the plans in early 2009 as the global economic crisis soured demand.
Kingdom Tower, designed by Chicago-based Adrian Smith + Gordon Gill Architecture, is the first phase of the planned Kingdom City, a two-square mile urban development first announced in 2008 as the financial crisis squeezed world markets.
The venture is seen as a key part of Saudi ambitions to maintain growth by diversifying its economic base away from oil. It is planning a number of economic cities, creating tens of thousands of new jobs as the country tries to ease its reliance on foreign workers.
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