INVESTMENT

Futures on the S&P 500 lost 3.70 points to 1,194.00, futures on the Dow Jones Industrial Average are down 31.00 points to 11,145.00 and Nasdaq100 futures are down 5.00 points to 2,129.25.

In the following interview of IBTimes with Jonathan Rose, President and CEO of Capital Gold Group, he talks about the recent cool down of the gold price, the impact of the non-results of the G-20 summit, the different mentality of investors in the U.S. and Britain regarding gold, and says that the Federal Reserve and gold ETFs should be properly audited.

Shares of automaker General Motors opened at $35 in its first trading day on the NYSE after recovering from a government funded bailout. The opening price was an increase of 2 percent from its IPO price of $33.

Silver rallied sharper than gold on Thursday and some analysts see the trend to continue as many big global players are yet to cover their huge short positions in the white metal. A broadly weak US dollar, growing expectations that Ireland will soon be bailed out by the EMU and an absence of fresh cues from China about it raising the policy rates also helped an across-the-board rise of commodities on the day.

GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.

Futures on the S&P 500 gained 11.80 points to 1,189.30, futures on the Dow Jones Industrial Average are up 87.00 points to 11,082.00 and Nasdaq100 futures are up 25.50 points to 2,122.50.

Investec Plc, the specialist bank and wealth manager, posted a "strong" operational performance in the first half, with five of its six core businesses recording a substantial increase in earnings. Third party assets under management grew 4.9 percent to 77.8 billion pounds.

Billionaire investor Warren Buffett praised the U.S. government for bailing out Wall Street and saving the U.S. economy during the height of the financial crisis.

General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.

S&P 500 Index edged up 0.68 points, or 0.06 percent, to trade at 1,179.73 at 09:53 a.m. EDT. The Dow Jones Industrial Average fell 8.47 points, or 0.08 percent, to trade at 11,015.03. The Nasdaq Composite Index gained 0.24 percent.

Commodities slid across the board on Wednesday on fresh signals from China that it will soon raise rates with lingering Euro area debt woes also helping keep investors away from risky assets. Gold and silver traded near their 2-week lows while copper and platinum fell to their lowest since late September. Also, December and January crude fell to its lowest since Oct. 29.

The United Nations has delayed the shift to international accounting standards to 2012 though it was supposed to have started in 2010 while the UN secretariat said it would implement it from 2014.

The top after-market NASDAQ stock market gainers were: Human Genome Sciences, Immunomedics, NII Holdings, IMAX, Central European Distribution, BSD Medical, JetBlue Airways, Penn National Gaming, SEI Investments, and Dendreon.

Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter

S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.

Prominent hedge funds loaded up on Apple (NASDAQ:AAPL) shares in third quarter 2010, according to SEC 13F filings.

The World Bank, through the MIGA, significantly expanded the eligible pool of projects it would guarantee for private foreign companies investing in projects in developing countries.

Futures on major U.S. indices point to a small rebound on Monday ahead of key monthly retail sales data.

Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region in the last week, a report by Dealogic said.

Gold registered new all-time highs over and over again in the past few weeks and hit a record high of $1424.30 on Tuesday as investors stepped up buying the yellow metal as an effective tool to avoid the risks of inflation and the uncertainties in the global economy.

Dumb money is beginning to pour into gold. However, gold fever has not yet taken over the public imagination and there are still many potential buyers on the sidelines. The rally is therefore likely to continue.