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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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[quote=kryptonite]Mobius Says Kenya Investment Prospects Outweigh Vote Risk http://www.bloomberg.com...outweigh-vote-risk.html[/quote] Sir Templeton pulled (a Zim) with the States (1930s), Japan (1960s) in the old days & made his fortunes. He's an inspiration...
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Vietnam's Central Bank intervenes in local gold market - http://news.xinhuanet.co...3-02/28/c_132198575.htm
Quote:The State Bank of Vietnam (SBV) will intervene in the local gold market to curb the rising disparity between local and global gold prices, SBV deputy governor Le Minh Hung told local media on Tuesday.
His statement was made after gold prices in Vietnam were traded much lower compared to the prices in the world market.
Specifically, on Tuesday while global gold prices were increasing, those in Vietnam sharply decreased compared to the previous trading day. Insiders warned that domestic gold prices do not follow the world trend.
To handle the situation, the SBV and Saigon Jewellry Company ( SJC) signed a principle contract on Tuesday, under which the SJC will use SBV's gold reserves to make national SJC-brand gold bars so as the SBV can trade them on the market.
Doing this, the SBV could regulate local gold trading with prices following the global trend, said the central bank official. Yep, CB still interested in gold while some media talking heads in the west say gold is a bubble... We will see. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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youcan'tstopusnow wrote:hisah, REE prices have taken a hammering over the past year. Do you see them going back up this year?
hisah, do you follow Rare Earths? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:youcan'tstopusnow wrote:hisah, REE prices have taken a hammering over the past year. Do you see them going back up this year?
hisah, do you follow Rare Earths? I don't follow REE. However, commodities (gold, coffee, wheat, silver, copper, sugar etc) have been smacked down since last year and into 2013. Such excessive selling (bear extremes) usually points to a bottom. I'm waiting to see that trend change, which looks likely to start in July 2013. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:youcan'tstopusnow wrote:youcan'tstopusnow wrote:hisah, REE prices have taken a hammering over the past year. Do you see them going back up this year?
hisah, do you follow Rare Earths? I don't follow REE. However, commodities (gold, coffee, wheat, silver, copper, sugar etc) have been smacked down since last year and into 2013. Such excessive selling (bear extremes) usually points to a bottom. I'm waiting to see that trend change, which looks likely to start in July 2013. Thanks GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Tax everything. Hike taxes. Tax, tax, taxes... The new global trend for broke gubberments running out of quid as "global econ recovers". Indeed super global recovery this...  India to Increase Tax for Top Earners to Boost Revenues - http://www.bloomberg.com...-to-boost-revenues.html
Oh, and btw the Indian gubberment is hiking tax on premium phones, SUVs and luxury goods etc. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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hisah wrote:Tax everything. Hike taxes. Tax, tax, taxes... The new global trend for broke gubberments running out of quid as "global econ recovers". Indeed super global recovery this... India to Increase Tax for Top Earners to Boost Revenues - http://www.bloomberg.com...-to-boost-revenues.html
Oh, and btw the Indian gubberment is hiking tax on premium phones, SUVs and luxury goods etc. I'm with you on this.This tax thing is worrying. Uncertainty is certain.Let go
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:hisah wrote:Yeeeess.... Now imagine the SSA play... Then nairobi financial hub combining both west, middle east and asia. Do you see the $$$
Yet peeps are just looking at politics. This money train will leave many passengers at the station. Roger that..and if today's USD/KES moves are a hint then we have a trick for import inflation & when oil mkts can also track other base resources then we'll see magic this year...but until then, "One more road to cross..one more risk to take..gotta live my life like it's one more move to make..." - D [and good rains both seasons] And since Wed. the oil mkts have been heeding this here call. Break that $110 floor please. Aid? The Fiscal Cliff after The Fiscal Cliff (deal) perharps? w.e.f 1st Mar.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Cde Monomotapa wrote:hisah wrote:Yeeeess.... Now imagine the SSA play... Then nairobi financial hub combining both west, middle east and asia. Do you see the $$$
Yet peeps are just looking at politics. This money train will leave many passengers at the station. Roger that..and if today's USD/KES moves are a hint then we have a trick for import inflation & when oil mkts can also track other base resources then we'll see magic this year...but until then, "One more road to cross..one more risk to take..gotta live my life like it's one more move to make..." - D [and good rains both seasons] And since Wed. the oil mkts have been heeding this here call. Break that $110 floor please. Aid? The Fiscal Cliff after The Fiscal Cliff (deal) perharps? w.e.f 1st Mar. USD/KES acting right. No qualms.
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