Silver is accelerating its move higher as it plays catch-up with gold due to increased trade uncertainty, Brexit and global growth worries, factors that are all pushing precious metals higher, according to ANALYSTS.
[...]
Lees verder op KitcoThere has been much conjecture since 2014 about the increasing numbers in the “precious metals” category on the balance sheets of listed Chinese commercial banks. By the end of 2015 China’s largest banks were holding RMB 598 billion in precious metals.
Some ANALYSTS think that the precious metals on Chinese commercial bank balance sheets are gold reserves purchased on behalf of the Chinese central bank, while others surmise that Chinese banks buy gold at the Shanghai Gold Exchange (SGE) and then lend it out so the precious metals on the balance sheets solely represent leased gold. In latter analysis it’s then assumed the leasing inflates the amount of gold withdrawn from SGE designated vaults. Most certainly there is leased gold on Chinese banks’ balance sheets, but this can hardly influence SGE withdrawals, as I have previously explained. Read this and this article for more information.
[...]
Lees verder op bullionstar.comWe just received some incredible honest statements from Solita Marcelli, global head of fixed income, currencies and commodities at JPMorgan Private Bank (open only to wealthy investors with at least $5 million of investable assets). She told CNBC this week that the bank’s ANALYSTS are expecting to see gold prices go higher for the rest of the year. ($1400 by the end of 2016). This is a huge shift from the bank’s position early this year when they expected an average annual price of $1,104 for 2016.
Marcelli points to the negative interest rates around the world and said, “Gold is looking more and more attractive every single day. As a non-yielding asset, it has a minimal storage cost, so when you compare it to negative-yielding assets, it actually has a positive carry…Gold is a great portfolio hedge in an environment where world government bonds are yielding at historically low levels.”
Lees verder op The BIG RESETInternational Business Machines Corp. (IBM) has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch subsidiary.
International Business Machines Corp. (IBM) has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch subsidiary.
The approach, which involves routing almost all sales in Europe, the Middle East, Africa, Asia and some of the Americas through the Netherlands unit, helped IBM as it gradually reduced its tax rate over 20 years at the same time pretax income quadrupled. Then last year, the rate slid to the lowest level since at least 1994, lifting earnings above ANALYSTS’ estimates.
Lees verder op bloomberg.comFRANKFURT. — A sharp contraction in lending to businesses in the eurozone coupled with slowing money supply growth suggests the region’s fight against deflation may not be over, ANALYSTS said yesterday. Regular monthly data compiled by the European Central Bank showed private sector loans in the single currency area dropped by 2,1 percent in October in a year-on-year comparison, after already contracting by 2,0 percent in September.
Lees verder op co.zwBedankt voor je aanmelding.
Vanaf heden ontvang je dagelijks de meest opmerkelijke headlines van de dag.
Je kunt het venster nu sluiten.
Goudportal.nl
Goudportal.nl is in 2009 opgericht door Richard de Feber om de andere kant van het economische nieuws te belichten. Veel van het nieuws omtrent de economie en de crisis dat wordt gepubliceerd door de gevestigde media is totaal niet gebaseerd op de huidige werkelijkheid. Mensen beginnen wakker te worden uit de droom dat de economie altijd maar door kan groeien. De gemiddelde burger wordt steeds slimmer en gaat zelf op onderzoek uit.
Goudportal.nl heeft een unieke samenstelling van nieuws voor u geselecteerd, zodat u altijd op de hoogte bent van wat er speelt in de wereld. Op Goudportal.nl staan dagelijks nieuwe headlines over de economie, goud, cryptocurrencies en nog tal van andere onderwerpen. U kunt zelf bepalen welke onderwerpen u als nieuws wenst te zien op Goudportal.nl. U kunt de rubrieken zelf in of uitschakelen en zo het nieuws te personaliseren.
Heeft u zelf interessant nieuws dat u wilt delen? Tip de redactie en stuur een e-mail naar [email protected].
Bedankt voor uw bericht. Wij gaan er zo snel mogelijk mee aan de slag! U kunt het venster nu sluiten.
Goudportal.nl