Hi,
Be it equities or gold, investors seem to have a logic which is often at
odds with the real economy. Stock markets have rallied despite worries over
the economy and investors in gold are buying when actual consumers are not.
As per the World Gold Council, the demand for gold has fallen to a six-year
low in the second quarter and stands at 719.5 tons. Apparently, the
recession is affecting demand from the two main consumers - jewelry (down
22%) and electronics (down 26%). The demand for gold fell by 38 % in India,
the largest buyer.
However, investors in the yellow metal bought 46% more than last year.
Interestingly, the central banks around the world are among those investing.
In fact, they have turned net purchasers this quarter for the first time
since 2000.
Courtesy : 5 Minute Wrapup (20/08/09)
Equitymaster.com
Best Regards
Millet Bobin
Relationship Manager
____________________________________________________________________________
________________________________________________________________
Make investing a part of your daily routine start a Daily SIP in the Quantum
Long Term Equity Fund
Quantum Asset Management Company Private Limited
----------------------------------------------------------------------------
-------
Experience.Consistency.Credibility.
Regent Chambers, #107, Nariman Point, Mumbai - 400 021, India.
Office: +91-22-2283-0322 / 61447 800, Fax: +91-22-2285-4318
Toll Free: 1-800-22-3863 (FUND)
http://www.quantumamc.com/images/stamp.gif
Website: <http://www.quantumamc.com/> www.QuantumAMC.com Email:
[email protected]
Mutual Fund investments are subject to market risk. Please read the Scheme
information document carefully before investing.
____________________________________________________________________________
________________________________________________________________
Disclaimer:
The content of this e-mail is exclusively intended for addressee(s) and
information purposes. No legal consequences can be derived from the contents
of this e-mail. Should you receive this message by mistake, you are hereby
notified that any disclosure, reproduction, distribution or use of this
message is strictly prohibited. The e-mail expresses views only of the
sender and not of Quantum Asset Management Company Pvt Ltd, or its parent
company or any of its subsidiaries or affiliates (collectively referred to
as QAMC) Neither Sender nor QAMC accept any liability for any damage
resulting from the use and/or acceptation of the content of this e-mail.
Always scan attachments before opening them.
--~--~---------~--~----~------------~-------~--~----~
You received this message because you are subscribed to the Google Groups
""GLOBAL SPECULATORS"" group.
To post to this group, send email to [email protected]
To unsubscribe from this group, send email to
[email protected]
For more options, visit this group at
http://groups.google.com/group/globalspeculators?hl=en
-~----------~----~----~----~------~----~------~--~---
<<inline: image001.gif>>
