BetFair set a price range for its initial public offering on the London Stock Exchange at $17.48 to $22.25 a share, valuing its equity at up to $2.35 billion.

“-The wide price range, for an equity value between ?1.16 billion and ?1.48 billion, reflects mixed views on the company’-s prospects for growth in countries with strict regulations on gambling, such as the U.S., and for its new financial-trading platform, LMAX.”-

U.S. regulators unveiled a series of proposed governance rules for derivatives clearinghouses and trading platforms that are designed to protect the market.

The proposals by the Commodity Futures Trading Commission would be the first major step by the agency toward regulating the opaque $615 trillion over-the-counter derivatives market.

Sports Risk Index would allow you to hedge risks on sport prediction markets.

The patent.

The latest developments. (audio)

I am skeptical, since the US Congress has just outlawed movie prediction markets, but I wish good luck to Chris Rabelais et al. Maybe the political scene will be different next year, who knows.

UPDATE: As you’-ve understood, I was talking about CFTC-approved real-money prediction markets, here.

Sports Risk Index would allow you to hedge risks on sport prediction markets.

The patent.

The latest developments. (audio)

I am skeptical, since the US Congress has just outlawed movie prediction markets, but I wish good luck to Chris Rabelais et al. Maybe the political scene will be different next year, who knows.

UPDATE: As you’ve understood, I was talking about CFTC-approved real-money prediction markets, here.

Jason Ruspini, vice president of Conquest Capital, reveals the three indicators he uses to predict how high gold prices will go.

The Street:

Download this post to watch the video, if your feed reader does not show it to you.

Previously: The Interdependence of Prices and Gold –- by Jason Ruspini

UPDATE:

Jason:

I did not give $1500 as a gold target this year! When asked for my gold price prediction, I said, if you look at gold as a % of global fx reserves and investable assets you can justify very high gold price predictions, but I don’t like to model absolute levels, I like to look at marginal, incremental signals. If you put a gun to my head though: $1300-1350 — not “$1300-1500?.

Also edited out was a differentiation of liquidity shock vs. deflation vs. disinflation.

I should add that long-term trend-following is a fine way to trade gold.

These are all my own opinions, not those of Conquest.