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World Stock Markets Trading Discussion - Haphazard histrionics


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Early openers down initially but it looks like a recovery in progress: Kiwis -0.3%, Aussies -1%, Nikkers -2.1% and Sth Korea -0.4%.

All Aussie sectors in the red apart from Gold +1.8%.  Consumer Discretionary -1.6% and Consumer Staples -1.3% are down the most.
 

 

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Goldman yelling that the economy is finally recovering and the gold run is over.

 

 

 

"

Gold’s price cycle has probably turned as the recovery in the U.S. economy gathers momentum and investment holdings collapse, according to Goldman Sachs Group Inc., which reduced forecasts for the metal.

The bank cut its three-month target to $1,615 an ounce from $1,825 and lowered the six- and 12-month forecasts to $1,600 and $1,550 from $1,805 and $1,800."

 

 

 

http://www.bloomberg.com/news/2013-02-26/gold-s-cycle-seen-as-turned-by-goldman-as-etp-holdings-collapse.html

 

:lol:

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ELECTIONS ARE BAD FOR BONDS

 

The italian election is bad for italian bonds.

I think this is a general principle as voters always vote for default.

 

Monti seems to be out of the picture. With Berlusconi or the center-left winning the next vote or forming a coalition government, the result in terms of the Euro currency are the same IMO. If things keep getting worse in France they'll cave in and leadership in Italy and Spain will be on their side to make a new less über strong euro or kick Germany out of the current euro, or convince the germans to end the euro "austerity" obsession.

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Goldman yelling that the economy is finally recovering and the gold run is over.

 

 

 

http://www.bloomberg.com/news/2013-02-26/gold-s-cycle-seen-as-turned-by-goldman-as-etp-holdings-collapse.html

 

:lol:

 

Yeah. I seem to remember them raising the target to $2000 right at the top. 

 

Thieves. 

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