Thursday, June 27, 2013

HSBC: Positioned for a modest rebound in gold

"Record Chinese imports of gold, continued strong interest in gold in India, central bank buying, and muted new supply all support our thesis that the current gold price weakness will not last."
Patrick Chidley, CFA, senior vice president of global metals and mining research at HSBC Securities USA
Source: Bloomberg June 27, 2013

Fed's Dudley: QE Could Increase If Labor Market Doesn't Improve [Reuters, Published: Thursday, 27 Jun 2013 | 10:12 AM ET]

"if labor market conditions and the economy's growth momentum were to be less favorable than in the FOMC's outlook - and this is what has happened in recent years - I would expect that the asset purchases would continue at a high pace for longer." William Dudley (head of the New York Fed)

Source: http://www.cnbc.com/id/100830969

Goldman Sachs: Gold Near Bottom [WED 26 JUN 13 | 04:15 PM ET CNBC]

Why You Should Still Own Gold: Joseph Foster [On CNBC Thursday, 27 June 2013 5:08 AM ET ]

Wednesday, June 26, 2013