Experts are saying that the Wall Street adage “sell in May and go away” does not apply this year, and are urging investors to buy stocks as the US economy shows signs of recovery and global corporate earnings show strength. If investors follow the sell in May mentality this year and switch to bonds from May to November, they do so at their own peril.
Gold Investing News reports gold has a bright future. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion Association has confirmed India’s gold imports have surged in [...]
Gold Investing News reports gold lost about 4% after G20 meet. “High gold prices and extreme volatility in prices are affecting us,” said Joy Alukkas, chairman of Joyalukkas Group, a leading India-based gold and diamond retail chain with 40 major outlets across the world. He said the March 2009 earnings of Joyalukkas Group had fallen [...]
Diamond Investing News reports diamond loses its market value reflecting the economy. The latest numbers to be received are the stats on February. Now, after six months the dire numbers have finally lost their “shock value”. The latest data show Belgium, Israel, India and the U.S. all witnessing high double-digit drops in their import and export data. Since [...]
Gold Investing News reports gold price recovers as the dollar rose. Spot gold rose to $913.15/$914.15 an ounce from $906.65 late in New York on Wednesday. Canadian stocks gained too, building on their biggest rally since November, as mining companies rose with gold prices and financial stocks rallied for a second day on speculation that [...]
Platinum Investing News reports platinum prices did not perform well with the current market turmoil. As turmoil roils the global financial system, platinum has been hit hard as the economy slows and investor confidence weakens. If the global economy continues its downward spiral it is highly likely that we will witness further downside in the [...]
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