Gold Becomes Victim, Again, To Fed Move

Gold was whacked for a second successive day and took a hard fall on Friday around the world as investors abandoned the metal in the wake of the end of the Fed huge easing campaign, and then the sudden expansion of the similar spending program by the Bank of Japan, at one point trading at levels not seen since 2010, as the dollar surged in the wake of the surprise move from the Bank of Japan to expand its easing program.

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Bad News Keep Coming At Tesco

As expected, stumbling UK retailing giant, Tesco, produced some distressing interim figures overnight Thursday as a sort of first instalment of what is going to be a drawn out saga as the world’s third biggest retailer struggles to remain relevant, and even in business.

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Coke Goes Flat

The board and management of Coca Cola Amatil might have trekked to Atlanta last week for meetings with the board of the major shareholder, The Coca Cola Company about Indonesia and other issues. They may as well have stayed at home and saved the money judging by the surprisingly poor third quarter result produced by the US company overnight Tuesday.

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