Sold 20k @ 53.1276p to take a bit of profit. Still holding considerable stake and may buy these back in due course. ATB Rich
Gold safe heaven, Again!
The big rallies in world stock markets (risk-on) have also been a negative for the competing asset class, safe-haven gold. Some cited as supportive for gold an announcement coming from Switzerland that the Swiss National Bank will introduce negative interest rates next year. The SNB made the move in order to deflate the Swiss franc currency. Some investors reckoned that a deflating Swiss franc could prompt more demand for gold. http://www.forbes.com/sites/kitconews/2014/12/18/gold-firmer-in-wake-of-dovish-fomc-and-on-safe-haven-demand/
USD Fundamentals not so strong?
http://www.mining.com/web/john-williams-a-downhill-run-for-the-dollar-in-2015/ The dollar is unusually strong, the strongest it's been in some time. If we look at the factors that drive it, the dollar is very vulnerable. Right now, our economy purportedly is booming, and the rest of the world is in recession. So that, on the surface, would tend to result in a strong dollar. I'll contend, though, that our economic growth is not real. The numbers will weaken. Retail sales and industrial production actually have much higher credibility than the GDP in that we'll see indications there of renewed recession. We've already seen a sharp slowing so far in the data for Q4/14.
Fed Manipulation, Never!
In Search of Lost ‘Time’: Algos Didn’t Wait on Fed Nuance (patient & considerable time) By Michael P. Regarding December 18, 2014 12:00 PM EST http://mobile.bloomberg.com/news/2014-12-18/in-search-of-lost-time-algos-didn-t-wait-on-fed-nuance.html Comment: raising real rate of interest may not have much effect if there is an oil/liquidity crisis
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.