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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (73210)4/16/2011 12:31:04 AM
From: carranza2  Read Replies (1) | Respond to of 218068
 
Slowdown in China real estate pushes gold up.

China Property Softening Fuels Gold Demand-JPMorgan
Thu Apr 14 21:47:54 2011 EDT
0147 GMT [Dow Jones]

The slowdown in China's property market, being directed by Beijing to rein in housing affordability issues, is driving gold demand by the country's "mass affluent", argues JP Morgan's China equities and commodities MD Jing Ulrich. This group "has seen its investment options sharply affected by restrictive housing measures" such as property taxes, increases in down-payment requirements, and raised interest rates, "since these households possess sufficient capital to purchase investment property, but do not have the same degree of access to investment vehicles such as private equity funds and retail property" as the super-rich, she says, adding that equities, gold and alternative property investments are therefore the key beneficiaries. "Chinese demand for gold jewelry increased 13.5% (on year) in 2010, while demand for bars & coins rose 70.5%. Most market participants expect that China's gold demand could grow at a still-stronger pace in 2011," she notes. At 0137 GMT, spot gold is at $1,476.20/oz, off its earlier record peak.



To: TobagoJack who wrote (73210)4/16/2011 8:51:49 AM
From: KyrosL  Read Replies (2) | Respond to of 218068
 
inflation is north of 15% and south of 20%

If China inflation is north of 15%, it means China GDP fell in the first quarter in real terms, rather than increased 9.7%.



To: TobagoJack who wrote (73210)4/16/2011 10:09:54 AM
From: carranza2  Read Replies (3) | Respond to of 218068
 
Goldman drops a bomb, forecasts reduced growth.

Must be short commodities. Its announcement last week that commodities had topped out did not work out too well, esp. in gold and silver, so now one could cynically suggest that it is pleading for more QE.

zerohedge.com



To: TobagoJack who wrote (73210)4/16/2011 9:15:42 PM
From: prosperous3 Recommendations  Respond to of 218068
 
.987/19.9B is about 5%, people with less than 5% portfolio exposure to gold are taking large risk considering Univ of Texas endowment prof managers have taken delivery of gold of 1B$ magnitude.

zerohedge.com