New square named after Birmingham author Kathleen Dayus

A new public square dedicated to a Birmingham author has been opened in the city.

Dayus Square in the Jewellery Quarter has been named after the late Kathleen Dayus who was born in Hockley in 1903.

Her works include novels about her experiences growing up in the city's back-to-back houses.

Birmingham City Council said her books won critical acclaim for the way they described the social history of the city.

It said the author grew up near the newly-named square, which is at the junction of Carver Street, Legge Street and Albion Street.

The square includes a bronze sculpture of book pages containing passages about the Jewellery Quarter from Kathleen Dayus' work.

Read more - http://www.bbc.co.uk/news/uk-england-birmingham-17339653

Gold price will plunge below $1,000 an ounce, bears claim

Sharp falls in the gold price have prompted some bears or pessimists to predict it will plunge below $1,000 (£625) an ounce.
Even specialist dealers, such as GoldCore, talked of “blood in the gold and silver trading pits as leveraged longs got their heads handed to them on a plate”.
Goldcore priced bullion at $1,721 or £1,079 per ounce this morning, compared to yesterday’s fix of $1,788 or £1,121 per ounce. A spokesman said: “The massacre is attributed to a host of different reasons – from month end book squaring to Bernanke’s suggestion that ultra loose monetary policies may soon come to an end.
“None of these reasons would justify the scale of the massive sell offs seen in gold and silver yesterday. Gold and silver markets saw massive sell orders from large institutional sources – as only large institutions selling could have caused a price falls of the magnitude seen yesterday.”

Read More - http://blogs.telegraph.co.uk/finance/ianmcowie/100015378/gold-price-will-plunge-below-1000-an-ounce-bears-claim/