SECURITY

Commodities Panic Subsides, Indians Rush to Buy Gold, Chinese Buy Silver on 31% Dip

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Silver Bullion rallied from a drop below $34 per ounce, the fifth daily plunge running and some 31% below last Thursday's new three-decade high. Dollar prices to Buy Gold whipped in a $10 range Friday morning in London, trading up to $1488 per ounce - some 5.5% below Monday's record-high spike- as European equities and global commodities stemmed their losses.
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Sony suffers second major user data theft

Sony disclosed on Monday hackers had stolen the names, addresses and passwords of nearly 25 million more users than previously known less than a day after the Japanese company apologized for one of the worst break-ins in Internet history.
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Playstation Network to be restored: Full Text

Sony will begin to restore services to its Playstation Network after it took it down following an attack resulting in the loss of personal data of nearly 80 million users around the globe. The following is the full text obtained from the company.

Sony Exec To Speak On PlayStation Security Breach

Sony Corp.'s Executive Deputy President Kazuo Hirai will hold a press conference on Sunday to talk about the recent security breaches of the PlayStation Network. It is the first time a company executive is directly addressing the issue.
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Silver slide ripples out, Fed in focus

Silver tumbled before finding a footing on Tuesday, dragging prices of gold and oil with it and subduing European shares, although investors were wary of taking strong positions ahead of a U.S. Federal Reserve policy meeting.
Gold bars and US Dollar bills

Is gold rising because America is broke?

Gold prices shot up to a new record of $1,512.50 an ounce in New York late on Friday, posting a record weekly gain and maintaining a six-week winning streak. What the gold rally means to the dollar and the American people is obvious from the rush pawn shops see across the United States.
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Gold breaks $1,500 as investors seek security

Gold rose above $1,500 an ounce on Wednesday for the first time ever as the dollar wilted, oil rose, worries over the U.S. economic outlook boosted demand for the metal as a haven and rising inflation lifted Asian demand.
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Silver Burns Short Sellers

[Selling silver short] natural with these giddy prices, one London trader told the Platts news service on Monday. Speculators are going to have to take profits soon. Shorts have been burned in the run-up, but keep coming back for more, he said, forecasting a $10 drop in the Silver Price short term.

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