Shadow banking to be cleaned up
The big surprise for most foreign investors will be moves to clean up “Shadow Banking”. The National People’s Congress (NPC) March meeting will point the way ahead. Action should take place soon after. The … Read the rest
A DECLINE in global derivatives trading to their lowest levels since 2007, is regarded as an indication that global markets have become sanguine.
The Bank for International Settlements (BIS), the central banks’ central bank, has disclosed that the gross market … Read the rest
Attention is focused on gold, but a much steeper price slide in industrial commodities will benefit importing nations and hurt producing nations.
As can be seen from the table, prices of copper, aluminium, nickel, lead and zinc have crumbled … Read the rest
In September Federal Reserve Board chairman Ben Bernanke’s Jackson Hole speech caused gold and silver to break out of their long-standing respective trading ranges of US$1,550-1,640 and US$27-29 an ounce.
At the time dealers noticed that there was a slight … Read the rest