May 19, 2010 — In an exclusive interview with CNBC-TV18, Alan Heap, Managing Director, Global Commodity Analysis, Citi Investment Research, speaks about various commodities and gives his outlook going forward.
Wednesday, May 19, 2010
Tuesday, May 18, 2010
Gold rush in China is pushing the Gold price to all times high
Chinese love GOLD
May 18, 2010 — China is now the number one consumer of Gold , and it is not just consumers , the central bank of china is quietly building up its reserves moving away from Euros and Dollars into hard assets like Gold ...and to meet this demand for gold China is opening new mines every month to the point that China now eclipsed south africa as the gold's first producer , Smart Chinese buying gold and dumping FIAT at rapid rates....
I guess they see currencies are only headed one way...DOWN!
Charts: Euro to Fall Toward $1.15
The euro is set to continue its recent declines against the dollar and will fall to between $1.18 and $1.15, Roelof van den Akker from ING Commercial Banking told CNBC Tuesday.
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