Articles by simon yao

  • Do Gold, Silver Prices Fall, in a Shrinking, Debt-distressed World?

    July 24 2012 1:41 PM

    As global growth is being downgraded by the I.M.F. from 3.5% to 3.1% fears that the Eurozone is already in a recession and the U.S. is likely to enter one next year, are growing.

  • Gold Turns Positive As Dollar Retreats From HighsGold Turns Positive As Dollar Retreats From Highs

    July 24 2012 11:09 AM

    Gold prices swung back into positive territory on Tuesday as the dollar retreated from highs against the euro, with investors' confidence in the metal growing after it held its ground during the previous day's financial market sell-off.

  • Gold Continues To Move Towards The Financial System

    July 24 2012 9:19 AM

    It is currently estimated that the largest 110 central banks have 16% of their reserves as gold. Anyone who follows the gold market knows that many central banks have become net buyers of gold in the last few years, and the pace of accumulation seems to be growing.

  • Anatomy of Future Gold & Silver Bubble

    July 24 2012 9:16 AM

    In recent commentaries we’ve written about the three phases of a bull market and how and why the final phase evolves as it does.

  • Wall Street set for flat open; Europe, outlooks weigh

    July 24 2012 9:09 AM

    Wall Street was set to tread water on Tuesday as traders remained focused on high bond yields in Spain and as cautious outlooks from Texas Instruments and United Parcel Service weighed on sentiment.

  • Oil below $103 as euro zone weighs

    July 24 2012 9:06 AM

    Oil slid below $103 on Tuesday after further evidence of damage to Europe's economy countered signs of improvement in China's financial outlook.

  • European shares edge lower on Spain woes, poor data

    July 24 2012 9:04 AM

    European shares extended losses on Tuesday as poor manufacturing surveys and concerns Spain may need a full bailout weighed, though a good run of earnings and hopes of more economic stimulus moves might prevent a lengthy sell-off, analysts said.

  • Hong Kong shares slip to 1-month low, Shanghai edges up

    July 24 2012 9:03 AM

    Hong Kong shares ended a choppy session at their lowest in a month on Tuesday, dragged down by a 4 percent loss for CNOOC after the Chinese oil giant announced plans to acquire Canadian oil producer Nexen Inc for $15.1 billion.

  • Greek Court Allows Eldorado Gold To Proceed With Project- SourceGreek Court Allows Eldorado Gold To Proceed With Project- Source

    July 24 2012 9:01 AM

    A Greek court temporarily allowed Eldorado Gold Corp to continue with a gold mining project in the north of the country, two sources told Reuters on Tuesday.

  • Gold Retreats In Line With Euro, StocksGold Retreats In Line With Euro, Stocks

    July 24 2012 8:58 AM

    Gold prices retreated in Europe on Tuesday as weaker-than-expected German economic data put fresh pressure on the euro, a day after Moody's changed its outlook for Europe's biggest economy to negative.

  • China Precious Metals Strategy

    July 23 2012 2:49 PM

    The Chinese currency the Yuan is still pegged to the U.S. Dollar at a level that undervalues it substantially, provoking criticism of this exchange rate policy.

  • Euro exit talk risks self-fulfilling prophecy

    July 23 2012 9:22 AM

    To understand the impact of a potential Greek exit from the euro zone, imagine an operating theater inside a betting shop.

  • Spanish bailout talk sends euro, world shares lower

    July 23 2012 9:19 AM

    The euro hit its lowest level in over two years and world shares fell sharply on Monday after reports that Spain's indebted regions needed help fueled fears that the country will become the fourth euro zone member to ask for a major bailout.

  • Euro struggles on mounting Spanish and Greece concerns

    July 23 2012 9:17 AM

    The euro slid to a two-year low against the dollar and a near 12-year trough against the yen on Monday on concerns Spain will have to seek a full sovereign bailout.

  • Wall St sent to slide on Spain, Greece fears

    July 23 2012 9:14 AM

    Wall Street was set to track global equity markets sharply lower on Monday as Spain appeared closer to needing a sovereign bailout and fears grew that Greece may be approaching an exit from the euro zone.

  • European shares pummeled on Spain bailout speculation

    July 23 2012 9:13 AM

    European shares sold off broadly on Monday and investors braced for further losses as concerns that Spain may need a full sovereign bailout heightened alarm about the euro zone.

  • Hong Kong shares slide as HSBC sinks, Shanghai at 40-month low

    July 23 2012 9:12 AM

    Hong Kong shares suffered their worst day in more than two months on Monday, led by a 5 percent slump in Europe's largest bank HSBC Holdings, on growing worries about Spain's ability to stave off a sovereign bailout.

  • Leading Gold ETF Sees Biggest Weekly Outflow Of 2012Leading Gold ETF Sees Biggest Weekly Outflow Of 2012

    July 23 2012 8:58 AM

    The world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, saw its biggest weekly outflow of physical metal this year last week, with its holdings down 15.1 metric tons by the end of Friday, data from the fund showed.

  • Gold Drops 1 Percent As Spain Worries Hit Euro, StocksGold Drops 1 Percent As Spain Worries Hit Euro, Stocks

    July 23 2012 8:54 AM

    Gold prices fell more than 1 percent on Monday as concerns over Spain's financial health pushed the euro to two-year lows against the dollar, pressured stock markets and drove Spanish borrowing costs to euro-era highs.

  • Gold Edges Up On Russian Cenbank Buying, Support SeenGold Edges Up On Russian Cenbank Buying, Support Seen

    July 20 2012 5:54 PM

    Gold edged up on Friday as market sentiment improved after Russia revealed it had boosted its bullion reserves in June, but losses in equities and crude oil amid uncertainty over the euro zone debt crisis limited further gains.