TRACK ME
Yessssssssssss
Is gold's bull-run over after 12 years of gains?
Is gold's extraordinary rally finally about to end as it limps towards the close of its twelfth year of gains?.
Even a fright over the US budget has failed to revive much interest in a commodity, often treated as a safe investment in troubled times, that has seen its average annual prices climb every year starting in 2001.
Most banks still cling to forecasts for gold to hit record highs in 2013, but the factors they cite - ultra-low interest rates, fears of inflation - have so far failed to propel prices out of the past year's sideways trading channelt.
The Bill, aimed at improving corporate governance, also contains provisions to strengthen regulations for companies and auditing firms.
A fresh round of monetary stimulus from the US Federal Reserve last week, in the form of a pledge to buy $45 billion a month in longer-term Treasuries, failed to produce more than a few hours' worth of gains in gold.
Last time the Fed announced action on a similar scale, on Sept. 13, it sparked a rally in gold to its highs for the year.
Even Gold Bull Jim Rogers Is Turning Cautious
He Say!!!!
With gold prices being hammered in recent weeks, and trading near four-month lows on Wednesday, longtime gold bull Jim Rogers is sounding a word of caution, saying it's possible the correction in bullion may continue into the new year .
Gold prices have been gaining for over 12 straight years now, Rogers noted, adding that the safe haven asset has only seen a major correction once in that time period, during the global financial crisis back in 2008 when bullion fell 32 percent.
"Most things correct 30 percent every year or two, even in big bull markets – 30 percent corrections are normal and yet gold has only done that once in the past 12 years," Rogers said. "Gold on any kind of historic market basis is overdue for a nice correction.
Yesssssssssss
Ace investor Rakesh Jhunjhunwala is of the view that the “mother of all bull markets” is ahead of us. He reckons the ongoing rally in Indian stocks to be the start of a new bull market.
“We had so much pessimism (on Indian stocks and economy) during June-July. Equity was a bad word and there was extreme pessimism. There was no faith in equity,” Jhunjhunwala said, pointing out that the seeds of a bull market are sown during extreme fear.
Jhunjhunwala, 52, ranked 50th in Forbes billionaires list, was speaking at an investment conference.
Yessssssssssss
Yessssssss
Full Story For Subscriber's Very Soon!!!!
Be A Subscriber's Today!!!
Yesssssssssssssssssssss
Surpassing China, India will become the world’s largest economy by 2050, says a report.
“China will overtake the US to become the world’s largest economy by 2020, which in turn will be overtaken by India in 2050,” according to Wealth Report 2012 by Knight Frank & Citi Private Bank.
According to the report, the Indian economy will reach a size of $85.97 trillion in terms of purchasing power parity by 2050, while the Chinese GDP would be $80.02 trillion during the same period.
The US — currently the world’s largest economy — is expected to have a GDP of $39.07 trillion by 2050.
Other nations in the top ten list of world’s largest economies would be Indonesia (4th), Brazil (5th), Nigeria (6th), Russia (7th), Mexico (8th), Japan (9th) and Egypt (10th).
In terms of growth from 2010-2050, India would be the second fastest with its economy growing at the rate of eight per cent in the period.
With a pace of 8.5 per cent, Nigeria would be the fastest growing economy during the same period, the report said.
In 2010, India was the world’s fourth largest economy with a value of $3.92 trillion compared to China’s $9.98 trillion and America’s $14.12 trillion.
The report named Surat and Nagpur among the fast-growing cities to watch in 2050.
“We believe the cities to watch in 2050 are the 400 emerging market middleweights — fast growing cities with populations between 200,000 and 10 million.
“This dynamic group includes many cities that are not household names today: Linyi, Kelamayi and Guiyang in China; Surat and Nagpur in India; Concepcion and Belem in Latin America,” it said.
Think Big TO EARN BIGGG
track me
