Mon, Sep 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Gold reaches all time high

Thursday, August 18, 2011
Opalesque Industry Update - Gold prices rallied to a nudge a fresh all time high of high today of $1818 just ahead of the release of US Weekly Jobless Claims amidst signs that there was eroding business growth and a possible double dip in the economy. Gold has risen by over $21 today to its highs which is a gain of 1.2%. At the time of writing the market is digesting worse than expected jobs data which confirm that the economy is struggling.

Gold remains not only a safe haven in an economic crisis, but it also provides one of the clearest and broadest bell-weathers of market sentiment - that being so, the gold market is telling us that we are potentially heading towards a second and perhaps more damaging economic crisis. Gold is giving the clearest signal to policymakers that there needs to be a comprehensive and cogent plans to reduce the debt levels and restore some growth. There is a growing sense that our leaders are failing in this task and there remains a policy vacuum with regards to the economic crisis at the heart of European and US administrations.

www.sharpspixley.com

Press Release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest