Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News |  Silver Dollar Values Prices Climb, Goldman: Gold Price Pattern Turning In 2013?The Euro meanwhile is "dangerously high. My recommendation is to buy gold now before the prices rise massively in 2013. Silver is also a good buy at today's prices. Read on...
By: James K. Polk Federal Reserve Bank of Kansas president Esther George warned last week that the Fed's accommodative policies could make it challenging to hit the Fed's 2% inflation target, while St Louis Fed president James Bullard argued against linking asset purchases to financial variables like unemployment. Yesterday nevertheless, Minneapolis Fed president Narayana Kocherlokata stated the Fed "should provide more monetary accommodation" "Continued monetary accommodation is completely suitable," added Boston Fed president Eric Rosengren Tuesday, "and indeed required as long as we're projected to miss on both components of the Fed's dual mandate, inflation and employment." Fed chairman Ben Bernanke cautioned Monday of "critical watersheds" for US fiscal policy in the weeks ahead. US political leaders are yet to reach an agreement to stop spending cuts postponed to the start of March as part of the deal around the so-called fiscal cliff earlier this month. Negotiations are also expected around the federal spending budget and also the debt ceiling. "Washington's activities will keep gold worried in the next few weeks," states Rhona O'Connell, senior analyst at Thomson Reuters GFMS, in the metals consultancy's quarterly newsletter. "As nicely as often being sold in times of short-term distress, gold has frequently skilled longer periods when it has suffered in line having a bearish commodities sector as investors have turn out to be risk averse; the a lot longer-term view, nevertheless, nonetheless points to gold sustaining a function as a hedge against risk. Its short-term qualities frequently, consequently, seem to be in conflict with its longer-term function." Britain's banks and loans system meantime "is in a stretched position", Bank of England governor Mervyn King warned yesterday. "A mixture of a weak economic recovery and individuals looking for yield in methods that recommend that risk is not totally priced is really a disturbing position," King told members of parliament around the House of Commons Treasury Committee. "In the context of the UK," says a note from Standard Bank analyst Steve Barrow, "one such 'risk' would appear to become a ratings downgrade, which we really feel is most likely to happen some time this year. But while King may have been referring to the UK, the query is just as valid on a international level." The Euro meanwhile is "dangerously high, according Jean-Claude Juncker, chairman of the Eurogroup of single currency finance ministers. The Euro has fallen back a bit this week following touching an eleven-month high against the Dollar on Monday, even though it rallied this morning following the publication of information showing so-called 'core' customer inflation rose slightly last month. "Those remarks from Juncker suggests that euro zone politicians are gearing up for some rearguard action and responding to the rhetoric we have had from Japan," says Neil Mellor, currency strategist at Bank of New York Mellon, referring to comments from Japan's prime minister Shinzo Abe, who has urged the Bank of Japan to become more aggressive in fighting deflation. My recommendation is to buy gold now before the prices rise massively in 2013. Silver is also a good buy at today's prices. How High Will Silver Go? Learn More >> http://silver- End
|
| |||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number