London Gold Market Report
from Adrian Ash
Weds 30 Jan, 08:45 EST
Gold & Silver Jump on Weak US Data, Big Swiss Banks Raise Gold Account Fees
GOLD and silver jumped to 4-session highs above $1674 and $31.65 per ounce respectively Wednesday lunchtime in London, gaining as new data showed the US economy unexpectedly shrinking in late 2012.
US stock-market indices held flat near 5-year highs, while the EuroStoxx 50 was unchanged near 18-month highs [...]
By DoctoRx of the Daily Capitalist, on September 5th, 2011
Stock markets fell very hard in Europe today, but if even Bloomberg.com doesn’t mention it, does that mean it did not happen or does not matter?
The Stoxx 50 index was down over 5%, as was the German DAX. Yet the “Top News” headlines on Bloomberg as I write this are, in order:
Obama Addresses Union Labor Day Rally;
Darwin Effect [...]
Commodity prices rocket:
Goldman Sachs and HSBC Bank states the US shall have to print much more money than they already have or that they have announced they will be doing in order to attempt to avoid a complete meltdown, but whatever they also state US dollar to tank:
Goldman Sachsâ€™ Jan Hatzius says the US FED will not be just giving $600 Billion, but closer to $2 Trillion before 2012 [...]