…It is now official. The great Chinese investment fund has been
established, and it is a whopper. They have announced that they will
hold $650 billion of their reserves at ready, and they will invest the
balance, along with $200 billion to $250 billion a year they expect to
receive hereafter…What
will China buy? …They will certainly spend a lions share on raw
materials and other commodities. This money will likely be the engine
that will fuel the next major leg in the commodit…
Original Post By Google News Curtis Hesler, Forbes
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Gold could break the $1,500/oz barrier within five years
In the April 3, 2007 edition of the Portfolio Managers Review, David
Rosenberg, Merrill Lynch North American Economist, discusses the
resurrection of inflation expectations and its potential impact on gold
prices. The following two paragraphs are taken from his research…
“We reiterate that gold is in a secular, not merely cyclical, bull
market. Indeed, gold formed a very similar bottom formation in 1999 as
the S&P 50…
Original Post By Google News Merrill Lynch
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