Hedge funds seen sticking with gold despite sell-off (Reuters)

LONDON (Reuters) ? The recent sell-off in gold may not be enough to make some hedge funds with long-term bull positions change their views that the metal is still one of the best bets for profit in a perilous global economy.

Gold has dropped around 11 percent since the start of last week as liquidity-strapped investors scrambled to convert gold into cash amid fears over Greece's near-bankruptcy, likely hitting a number of hedge funds which have profited from its bull run in recent years.

However, the yellow metal is still around 7 percent above its level at the start of July, and is up 14 percent this year, leaving long-term holders comfortably in the black for now.

"I don't think... people who hold it as another currency... are changing their view," said Morten Spenner, chief executive of $2.8 billion fund of funds firm International Asset Management (IAM).

"For some people who are long-term holders ... and who have banged that drum, they're likely to take it (the price fall)," Spenner said, adding that short-term market volatility that put pressure on the price of gold would not sway managers to abandon their positions.

Some big-name hedge fund managers have been successfully betting on the gold price this year, including John Paulson and Paul Tudor Jones.

Meanwhile, some managed futures funds -- whose investment decisions are dictated by computer models -- such as Man Group's (EMG.L) AHL and Winton Capital may have been hit by the fall in gold, although profits in other areas have offset the damage.

The AHL fund has sold down much of its long position in gold in recent weeks -- one of the $23.9 billion fund's best-performing trades in 2011 -- after its models showed that the metal's price was losing its momentum, although it still has a small long position.

"If you look at the price action in precious metals, particularly over the last four weeks, it's been pretty sideways and choppy. That is the sort of scenario where we actually start reducing our positions because it does indicate to us that there is no strength in that trend," Kevin Chuah, senior client portfolio manager at AHL, said.

The fund, which has also taken out a small short position on base metals including copper recently, gained last week after profiting from short positions on equities and crude oil and long positions on bond markets, Chuah said.

Winton, which manages $25 billion in assets and whose flagship fund is up around 1 percent this month, declined to comment.

Coast Sullenger, managing director of Gaia Capital, which buys commodity-related stocks, said gold equities had performed well recently, despite last week's sell-off, and he may buy more gold equities if prices continue to fall.

"Gold equities is one of the only sectors that has been performing," he told Reuters. "If the sell-off continues, it will probably create more of a buying opportunity... Gold shares are trading at a very, very low valuation, vis-a-vis their own history.

"We're of the opinion that gold shares is an asset class you should be overweight."

(Editing by Sinead Cruise and Mike Nesbit)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20110926/bs_nm/us_hedgefunds_gold

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Pope defends traditional values (AP)

FREIBURG, Germany ? Pope Benedict XVI called Saturday for a common front with Orthodox Christians to defend traditional church values, warning of threats posed by abortion and gay marriage.

Facing discontent within his German flock, the pope said religion must not be banished from public life and that Christian churches "are walking side by side" in the battle.

"They speak up jointly for the protection of human life from conception to natural death," he told a meeting of Orthodox Christians on the third day of a visit to his native Germany.

"Knowing, too, the value of family and marriage, we as Christians attach great importance to defending the integrity and the uniqueness of marriage between one man and one woman from any kind of misinterpretation," he said. "Here the common engagement of Christians, including many Orthodox and Oriental Orthodox Christians, makes a valuable contribution to building up a society equipped for the future."

The Vatican was undeterred by an incident earlier in the day in the eastern city of Erfurt on the edge of the security zone in which a man fired an air gun at a security guard about an hour before a papal Mass.

Benedict's spokesman, the Rev. Federico Lombardi, said there was "no worry" in the papal entourage over the incident, and the pontiff was not informed about it before the Mass. "It didn't seem particularly urgent," he told reporters on the pope's plane after the Mass. Police said the alleged shooter had been arrested and that there were no injuries.

Police later identified the suspect as a 30-year-old Erfurt man who lived in Berlin. They said an air rifle and air pistol were found in his top-floor apartment, and that he was being held on suspicion of attempting to cause serious bodily harm.

After the Mass, the pope flew to Freiburg, a city with a large Catholic population in southern Germany.

In his homily in Erfurt, before a crowd of 30,000 people, the pope acknowledged that the collapse of communism in the former East Germany more than 20 years ago has allowed the church to function freely, but he questioned whether that change has brought any increase in faith.

"Are not the deep roots of faith and Christian life to be sought in something very different from social freedom?" the pope said. "It was actually amid the hardships of pressure from without that many committed Catholics remained faithful to Christ and to the church."

Benedict's four-day state visit comes as Germany's church has been losing tens of thousands of followers amid revelations that hundreds of children and young people were abused by clergy and church employees.

On Friday night, he took a step to placate some of the anger by meeting for half an hour with two women and three men from parishes across Germany who were among the abused. The Vatican said the pope expressed "deep compassion and regret" at the suffering of those who were abused and assured them the church is seeking "effective measures to protect children."

German church leaders acknowledge the scandal has cost them badly needed trust among the roughly 24 million German Catholics.

"I appreciate that he (the pope) is facing the problem, and that he is meeting these people," said Klaus Militzer, 68, from Erfurt, who was among pilgrims streaming into the cobbled square beneath the city's main cathedral early Saturday.

"He can't undo it, that's not possible, but I think it is good that he is asking for forgiveness and sending a signal."

Benedict has been accused by victims groups and their lawyers of being part of a systematic cover-up by the church hierarchy for pedophile priests in his earlier roles as an archbishop in Germany and later at the helm of the Vatican morals office.

Survivors groups were quick to denounce the pope's meeting with German victims as an empty gesture. They maintain the church has not done enough to prosecute offending priests and prevent future cases of abuse.

Germany's Bishops Conference has set up a telephone hotline to counsel victims and help them to take legal steps against offending priests when possible.

Catholic leaders had warned ahead of Benedict's visit that there was no quick solution, but they hoped the pontiff could help heal wounds left by the scandal.

"I think it's certainly an important issue, but it's not the most important thing about a pope's visit," Monika Graner, a pilgrim from Wuerzburg, said of the sex abuse scandal.

Following the Mass in Erfurt, the pontiff traveled to the southwestern city of Freiburg, the final stop on this visit.

About 25,000 people who lined the pope's route cheered and waved as he drove from the airport to visit the downtown cathedral.

Frieburg Mayor Dieter Salomon, a member of the Greens party, gave the pope an enormous silver medal with different motifs of the city, including a solar cell.

"We would like Pope Benedict to always remember Freiburg as a city that is aware of its responsibility to preserve creation," Salomon said.

Protests have also accompanied Benedict's German tour, although numbers have been smaller than expected. Some 9,000 people turned out in Berlin to denounce the Vatican views on homosexuality, contraception and other issues.

The 84-year-old pope has seemed tired at times, but his spokesman Lombardi said "he's very well," despite the heavy schedule.

"It is wonderful how he experiences all moments of this trip really intensively," Lombardi said.

___

David Rising in Berlin, Melissa Eddy in Erfurt and Juergen Baetz in Freiburg contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20110924/ap_on_re_eu/eu_pope_germany

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Getting A Business Consulting Team On Your Side Will Make Your ...

You are here: Home / Business / Getting A Business Consulting Team On Your Side Will Make Your New Or Old Business Succeed

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Introduction To Workers' Compensation Insurance | Things To Do In ...

Right before Workers? Comp. came to exist there was no insurance coverage to protect an injured worker. An injured worker is anyone who is employed and is injured while at work. It will also cover an employee if he was hurt during his lunch hour, while running an errand for the company. In the past employers were chargeable for the cost of all treatments and wage compensation. This caused many employers to reluctantly not report the injury.

The worker also had to prove that the injury was caused at work by an employers fault. Due to the amount of injured workers each year and industrial accidents legislation had to make provisions for the injured worker. It relieved the employer from being liable except in cases where there was negligence, and it also compensated the employee for wage loss on account of the injury, and medical coverage. This coverage also includes rehabilitation to have the employee back to work.

There?s two main ordinances for Workers? Compensation; Federal employees apply to the those working for the government. State employees compensation are for state and private businesses employers and employees, the laws differ from one state to another.

When a worker is injured at work, he must report the incident to his supervisor and complete an incident report, the employer will then send the employee to a clinic or hospital to be treated. Once at the inpatient or outpatient facility the injured worker will then need to complete another form whether or not this was the first place of treating, all records are crucial for the appointment. The employer and clinic will submit the reports to the workers? compensation office and then an insurance claim adjuster would be assigned to the case for review and approval, of medical care and compensation. Whenever the employee is seen by the assigned physician or physical therapist a report will be sent to the Workers? compensation adjuster, as to monitor the care. All states vary on the time permitted to report and injury.

The worker may or may not have the capacity to returned to work as light duty, light duty restricted, partial disability, or permanent disability.

Well I hope I have help point you in the right direction for your business and your needs for GA Workers Comp Insurance or GA Workers Compensation.. Check here for free reprint license: Introduction To Workers? Compensation Insurance.

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Repositioning cruises are simply traveling through the budget

Most of our ancestors came to America on a boat. This is a part of our history as a nation and as individuals. Many ancestors arrived on different ships at different times for different reasons, but all had one thing in common; target: America.

Cruise line industry has become a billion-dollar industry a thread on this topic.

And what a field.

Exquisite cuisine, top of the entertainment, the Las Vegas-style casinos, coffee,Cinema under the stars, ice skating, trekking and rock climbing, massage therapy, beauty Solon, nightclubs, pizza, game day at the pool, library, cigar room, bingo, art auctions, talent shows and above all, earth, surrounded with excellent customer service of luxury packaged.

People who have not previously sailed Maybe you want to look at a three-day cruise departing from Los Angeles, San Diego, Miami or Fort Lauderdale. This 3-day cruises are very affordable and can help you determineIf you want to enjoy a longer cruise.

Then there are 2 or 3 night cruise called "repositioning cruises". This is when the large cruise ships to move cruise ships from South America to North America. For those of us in San Francisco, you can usually take on board cruise ships repositioning from South America to Alaska. This mega-ships in Los Angeles, San Francisco and Seattle stop hours of arrival in Vancouver and then Alaska.

These cruises are listed as "tripseverywhere "or" Coastal Cruise "No matter what you call them, are extremely comfortable. Why, why do not you go back to the port or the source.

We usually ended up in Vancouver. Vancouver is a beautiful city reminds me of San Francisco. However, I've noticed that more and more passengers are Alaska cruise from San Francisco. I suppose the Cruise Lines noticed this too ? because since 2007, Princess Cruise Lines offers cruises from San Francisco to Alaskain summer and San Francisco in Mexico during the winter.

The sheer thrill of cruising into the sunset is an experience you will never forget.

Cruise under the Golden Gate Bridge is a memorable moment for themselves.

Source: http://travel-budget-travel.chailit.com/repositioning-cruises-are-simply-traveling-through-the-budget-3.html

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Shameless Huskies Kennel ? Marketing Online And Branding ...

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Technology News Online ? The Fastest and Easiest Way to ...

[unable to retrieve full-text content]Advertising, particularly targeted advertising such as pay per click advertising, is an important investment for any online business and an important component of Internet marketing. This will result visitor your website quickly ...

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Broadband VoIP, The Best Phone System Today | Oval Egg Articles

Let's witness what Abraham has to report regarding Broadband VoIP, The Best Phone System Today. Though most of the time this matter has not been given it's fitting portion in the media nevertheless now masses are talking concerning VOIP and sharing knowledge about VOIP. It is greatly suggested that you take your time reading through this piece of writing instead of speed reading it, which might lead to some missed points.

Abraham David wrote this article. If you feel like to take this article please link back to this web page. Article on "Broadband VoIP, The Best Phone System Today" starts after this.

Article Starts from Here:

The telephone is very important for all people. It allows you to keep in touch with your family and friends and it also allows you to communicate with your business acquaintances. Today, with the advancement in communication technology, it allowed people to communicate more clearly at a very cheap rate. Some communication mediums are also provided for free, such as emails.

Notice: Please beware that everything said in this piece of writing on "Broadband VoIP, The Best Phone System Today" ought to not be taken as guidance from specialist, you must find out facts from more authentic places as well. You must consult a specialist of this field. OvalEgg.com is not responsible for any damages of any kind that may arise from applying information contained in this article.

With all the different kinds of communication technology available today, you would definitely want the best kind of communication system available in order for you to communicate with your family, friends and business acquaintances more efficiently and also at a much cheaper rate.

This kind of technology is called VoIP or Voice over Internet Protocol. This is the latest technology available to all consumers all over the world to provide cheaper and more efficient calls. Unlike conventional phone systems, the VoIP uses the internet to transmit and receive voice and video signals. This means that the data transmitted is in digital format. Because it is in digital format, it will mean faster transmission rate at a much clearer and sharper audio quality.

Another great advantage of VoIP is that most VoIP service providers enable free calls within their subscribers. This means that if you are calling a person who is subscribed to the same VoIP service provider you are subscribed in wherever they are in the world you will be able to call them for free. There will be no hidden charges, and not a single cent will be charged to you. Not only will you be able to make free calls within the subscribers of the same VoIP service provider, but the best part is, the calls are unlimited.

Just imagine, if you are in the United States, and you are calling someone in the United Kingdom who is also subscribed to the same service provider you are subscribed in, you can talk for hours without worrying about the phone bill.

Not only are VoIP phones able to provide you with free calls, but they also charge far lower long distance fees and rates. For example, if you are calling from your VoIP phone to a landline phone in another state or in another country, the overseas or long distance call charges will be far lower than charges that you will have in conventional landline phones.

All of these things are just the beginning of the advantages of VoIP. One other advantage is that VoIP offers free features that are usually expensive in landline phones. Features such as three-way calling, video conferencing, caller ID, return call, call waiting and others are considered to be standard features of VoIP.

Because of these features, VoIP is considered to be the phone of the future.

However, you will need a broadband Internet connection for you to be able to maximize your usage for VoIP. You need a broadband or high speed Internet connection in order to transmit and receive data signals from the Internet at a faster rate. Without a broadband connection the calls can result to poor quality.

But, you should consider that most households and offices today uses a broadband internet connection and is readily available in almost every part of the United States, especially with the wireless internet capability that is widely available today. Broadband connection today is cheap and widely available, so getting VoIP in your home can be easy.

All you need to do is download a VoIP software program from the Internet from your preferred VoIP service provider website, register and start making those free and low cost calls.

The only disadvantage of VoIP is that when the Internet connection is down, you will not be able to make calls. Also, if you are using an IP phone used for VoIP and looks like a conventional phone, you can never use it if the power is out. This is because IP phones are dependent on home electricity to operate, unlike traditional phones where it has an independent source of power in their lines.

However, if you want to have a low cost phone call, VoIP is your best choice. Besides, electricity supply and internet connectivity is now getting more stable than ever before. With VoIP, you can be sure that you will be able to save a lot of money and also let you consider getting rid of your traditional landline phone.

Thanks for reading this article. Please link to this webpage if you want to use this article anywhere. I hope you appreciated what I wrote on "Broadband VoIP, The Best Phone System Today". I would be delighted to know what you think regarding it, negative or positive. Please leave a comment below and show me you're alive.

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