| Gold ETF: An asset class worth for investment
Gold is being increasingly recognized as an asset class worth for investment. Now, you can buy physical gold by investing in Gold Exchange Traded Funds (Gold ETF) launched by mutual funds. When you buy its units, you in a way buy gold worth that amount and deposit it with a custodian. Net Asset Value (NAV) of gold is decided by gold prices. Each unit represents one gram of gold. These funds have been listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and it is possible to buy and sell these units just like shares through a demat account. Gold exchange traded funds save charges on locker facilities and insurance. As far as extra expenses related to gold ETFs are concerned, it is not likely to exceed 2.25%. Recently launched funds are charging 1% extra charges.
bellwetherreport.com: Analysis of ProCentury Corporation
As the good Samaritan of the insurance industry, ProCentury focuses on the geographically remote and the hard to insure. The company specializes in commercial excess and surplus lines (coverage that other insurers have rejected). It writes liability, property, and multi-peril insurance for small and midsized corporations, including specialty coverage for retail stores, non-residential contractors, daycare facilities, and fitness centers. Focusing on excess and surplus, ProCentury exited the auto and workers' compensation industries in 2000 and 2002, respectively. The company markets its products through more than 100 agents in 35 states. Shares were down 6% since announcing financial strength rating. BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio.
Diamant Art Corporation (DIAAF) Approximately 351.6 Million Shares ...
TORONTO -- (MARKET WIRE) -- 04/10/07 -- Diamant Art Corporation (OTCBB: DIAAF) announced today that BUYINS.NET, www.buyins.net, is initiating coverage of Diamant Art Corporation (OTCBB: DIAAF) after releasing the latest short sale data to April 2007. From May 2005 to April 2007 approximately 4.6 billion total aggregate shares of DIAAF have traded for a total dollar value of nearly $29.5 million. The total aggregate number of shares shorted in this time period is approximately 351.6 million shares. The DIAAF SqueezeTrigger price of $0.0065 is the volume weighted average short price of all short selling in DIAAF. The next short squeeze is expected to begin when shares of DIAAF close above $.0015, where approximately 9 million shares have previously been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
BIO Restates Opposition to HR 1038
"Any legislative discussion of creating a pathway for follow-on biologics must ensure patient safety and preserve incentives for biomedical research and innovation. We strongly oppose the Access to Life-Saving Medicine Act (H.R. 1038) as it fails to do either. H.R. 1038 would permit the approval of follow-on biologics that do not meet the same rigorous standards of safety, purity, and potency that innovator products must meet; would restrict the ability of the FDA to require whatever clinical testing it believes appropriate to determine the safety and efficacy of such products; would prohibit the FDA from requesting post-marketing safety studies; and would improperly dictate scientific conclusions that the FDA should reach about the comparability or similarity of such products. The legislation also eviscerates incentives to develop new therapies through its one-sided alteration of long-standing patent law in ways that favor follow-on biologics' manufacturers, who would be able to restrict and infringe the intellectual property rights of various parties including universities and innovative biotechnology companies.
THE CLOSING BELL: Stocks produce small gains as earnings season starts
Wall Street mostly treaded water today as stocks produced just small gains ahead of the start of first-quarter earnings season. Aluminum producer Alcoa Inc., which typically is the first major company to report earnings each quarter, issued its first-quarter report after markets closed. Wall Street looks to results from Alcoa, a component of the Dow Jones industrial average, to not only gauge the pace of earnings for the quarter but as an indicator of the health of the overall economy. Alcoa said first-quarter profit rose 9 percent to $662 million, or 75 cents a share, from $608 million, or 69 cents, last year. Earnings from continuing operations excluding restructuring charges totaled 79 cents a share. Analysts surveyed by Thomson Financial were expecting 76 cents a share.
Cantv stocks resume trading in Caracas
The Caracas Stock Exchange Tuesday resumed trading of Venezuela's major private telecoms firm Cantv shares, following Monday suspension of the stocks trading amid an 18.09 percent fall. On Monday, the Venezuelan Government launched a takeover bid for Cantv's stocks and American Depositary Shares (ADS) to complete nationalization of the telecoms company.
In mid-morning trading Tuesday, Cantv shares dropped 6.89 percent, while the Caracas Stock Exchange index tumbled 2.21 percent. Also on Monday, the Venezuelan Government launched a takeover bid for La Electricidad de Caracas (EDC) the largest private power firm in Venezuela.
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