Europe Likely To Send Hot Money To China
Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon.
Swiss National Bank
Buyers Return To Gold, But For How Much Longer?
The price action for gold throughout much of November could best be described as chaotic, with volatile days of price action subsequently followed by periods of relative inactivity, only to be replaced with extreme and unpredictable swings intraday. And perhaps the place to start with any analysis for the precious metal is on the weekly chart, for a more considered view of the price action.
October, A Game Of Two Halves For Gold
For gold, October could best be described as a game of two halves, with the rally of the early part of the month, now appearing to have run out to steam as the longer term bearish sentiment begins to dominate once more.