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Eldridge Financial Review: GEPL Capital`s view on bullions, base-metals, energy

Posted by leahnevaeh (eldrigefinancialreviews.com) 18 days ago under eldridge financial news tom eldridge financial eldridge financial blog eldridge financial review gepl capital-s view on b

Energy

Oil dropped to a seven-week low as an employment report raised concern that U.S. fuel demand will slow and Iran agreed to resume talks on its nuclear program. Futures fell as much as 2.4 percent after the government reported on April 6 that the U.S. created 120,000 jobs in March, below the median forecast of 205,000 in a Bloomberg survey. The Scheduled negotiations between Iran and the United Nations Security Council members plus Germany increased optimism that the Persian Gulf nation won’t act to disrupt supplies.

Bullions

After the U.S missed the estimates job data, Gold mount up for a fourth day to feb.23 and renowned as the longest rally in more than a month. In the speculations, Federal Reserve may take more steps to spur growth and weakening the dollar. Spot gold rose as much as 0.9 percent to $1,654.90 an ounce, the highest level in a week, and was at $1,652.72 at 11:52 a.m. in Singapore.

The dollar cut down for a third day against a six-currency basket as well as the yen as the Bank of Japan refrained from adding to monetary easing. In the previous month, nonfarm payrolls rose 120,000, the smallest gain in five months, compared with economists’ forecast for 205,000. Central bank policy makers saw no need for more stimuli unless the economy falters based from the data on April 6.The Fed bought $2.3 trillion of debt in two rounds of so-called quantitative easing from 2008 to June 2011. June-delivery g...

Eldridge Financial Review: Can filing bankruptcy help you discharge your IRS debt?

Filing bankruptcy does not discharge your debts like student loan alimony, child support and so on. Your IRS tax debt might not discharge even after filing bankruptcy. If you have an option to get relief from tax obligation then avoid filing bankruptcy. You can successful discharge your IRS tax debt if you meet certain requirements. You can read further to know the eligibility requirement to file bankruptcy in order to discharge debt.

Know the chapter under which you can file:

When you plan to discharge your IRS tax debts through bankruptcy then you are required to qualify under chapter 7 Bankruptcy in order to clear your debts. In case you are unable to qualify for chapter 7 bankruptcy then file under chapter 13 to eliminate your financial woes. You are required to undergo strict eligibility criteria despite you qualify for chapter 7 bankruptcy.

What are the requirements of the filing procedure?

Before you file under chapter 7 bankruptcy the IRS requires you to fulfill five requirements.

1. You are eligible to file bankruptcy if your IRS debt is a result of an underpayment of personal income taxes. Remember that other debts like delinquent payroll taxes, estate, gift, sales or fuel taxes, penalties or a federal tax lien will not be discharged under chapter 7 bankruptcy.

2. If you avoid paying IRS taxes by providing a false Social Security number then you might not qualify filing under chapter 7 ban...

Hypo Venture Capital Zurich Headlines: North Korea Diplomat to Visit US for Nuclear Talks

U.S. Secretary of State Hillary Clinton said Sunday that Kim Kye Gwan, North Korea’s first vice minister and former chief nuclear envoy, will visit New York this week to meet with senior U.S. officials. Clinton said Kim will meet with an interagency team of U.S. officials for discussions on the next steps necessary to resume denuclearization negotiations through the six party talks, involving the two Koreas, the U.S., China, Japan and Russia. The secretary said that although Washington is open to talks with North Korea, there is no appetite for lengthy negotiations that would only lead to the starting point again. Clinton also said that Washington would not give the North anything new for actions they have already agreed to take. She added that the U.S. position remains that North Korea must comply with its commitments under the 2005 Joint Statement of the Six Party Talks, relevant U.N. Security Council resolutions, and the terms of the Armistice Agreement.

Hypo Venture Capital Zurich Breaking News and Latest Research

ZURICH: The European Union is “resolutely determined” to ensure the financial stability of the eurozone, the bloc’s President Herman Van Rompuy said Wednesday.
“We are resolutely determined to guarantee the financial stability of the eurozone, the stability of the eurozone is also vital for the world economy,” he told reporters after a meeting with Swiss President Micheline Calmy-Rey in Zurich.
Among topics raised during the discussions were bilateral relations between Switzerland and the European Union, as well as the eurozone debt crisis.
Calmy-Rey also signalled Switzerland’s support for Brussels in its fight to contain a public debt crisis, saying that it is in Bern’s interest that solutions are found “as the crisis is impacting our country on several counts.”
European stocks closed sharply lower Wednesday over fears that Italian Prime Minister Silvio Berlusconi’s decision to resign spells months of political uncertainty for Italy.
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