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Alternative Market Briefing

Hedge funds, banks rethink strategies due to 'globalism'

Monday, July 11, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds and big banks are rethinking their investment strategies and forecasts in light of a new by-word 'globalism,' said Jonathan Rose, CEO of Capital Gold Group Inc,. Globalism is now a component of the "stress tests" done by Federal Reserve, he said. Rose commented, "Globalism is here, and people need a hedge against uncertainty. Gold is a bedrock in anyone's portfolio. At Capital Gold Group we will continue forecasting, educating and informing to give our clients 100% customer satisfaction."

Rose anticipates more of the same for the next couple of years and expects the gold to retain its luster and break historical prices set back in August 2011 of $1,900 ounce.

Rose said, "Globalism is the new buzz word circulating the markets right now. When one country's financial markets drop, the effects are now felt globally and intensified. We watched this with the recent decline in China's currency which fueled turmoil in their stock market, drove their government to suspend trading twice in January 2016 and global markets panicked. As the third quarter starts, hemorrhaging initiated by the 'Brexit vote’ and the decision for the UK to leave the EU may have masked a more troubling market move with China's currency falling again."

Capital Gold global bank forecasts

"Gold and silver bullion stands at the start of a major bull market," sai......................

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