London Gold Market Report
from Adrian Ash, BullionVault
Thurs 2 May, 08:10 EST
Shanghai’s Gold Premium “Crashes” as China Returns from Labor Day, ECB Cut Buoys Euro
LONDON PRICES for gold and silver both ticked higher Thursday morning, recovering half of Wednesday’s 2.4% and 4.6% falls respectively.
European stock markets reversed earlier losses and commodities also bounced after the European Central Bank decided – as widely expected – to cut its key interest rate to a [...]
63% of Dubai Precious Metals Conference delegates think gold is heading towards $3,000 by 2014
In a final poll at the Second edition of the Dubai Precious Metals Conference (see video here) 63 per cent of delegates thought gold was heading towards $3,000 by 2014 and 37 per cent voted for a tumble towards $1,000. The vote followed a lively discussion between the conference’s leading bulls and bears.
Gold guru Andy Smith [...]
Japan has made a decision to set up a special-purpose coastguard unit comprising 12 naval ships that would guard the disputed Senkaku (Diaoyu) Islands in the East China Sea, the islands that China claims are part of its territory.
According to the Tokyo-based media, the unit will also comprise some 400 servicemen of Japan’s Maritime Self-Defence Force, which is seen both as a border-guard and rescue service.
http://www.asian-defence.com/2013/01/news-report-japan-to-set-up-special.html
China publishes new maps including [...]
RT
Just days before the start of the school year, tens of thousands of Hong Kong residents took to the streets to protest what they believe is an attempt by authorities to ‘brainwash’ students.
More than 40,000 people assembled outside government headquarters and demanded the cancellation of ‘Chinese patriotism lessons’ proposed for school curriculums.
Students and parents claim that these lessons, which would become compulsory by 2016, are an attempt to brainwash children [...]
November 7, 2011 – LONDON –The world will not end in 2012 though before it’s over, for many, it may well feel like it. Nearly every dramatic event from social unrest to the crisis in the Middle East appears to be converging in the coming year. Solar activity, though low by previous solar cycles, is starting to increase. NASA said the solar maximum in 2012-2013, when the Sun is expected to reach peak [...]
By Craig Stephen
HONG KONG (MarketWatch) — In a city for which making money is often considered its whole raison d’être, news that Hong Kong expatriates are tumbling down the ranks of money earners in Asia suggests that something is wrong.
If that lucrative posting to Hong Kong, even with its low tax rates, is becoming a distant memory — what else might be consigned to history?
This [...]
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