Vietnam Business News

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• Jim Rogers reaffirms love for gold, not selling now
• India gold hits new high at Rs 29,490 on Friday
• Silver investors – on the horns of a dilemma
• What if Europe uses Gold as collateral for loans?
• Sell gold; buy silver and copper suggest experts
• Two reasons why Silver looks extremely bullish
• Investors should buy gold versus the euro
• Gold gained 3.9% on the week, snapping a two-week losing streak
• Dec 3: Vietnam central bank keeps dollar exchange at vnd20,803 over a month
• Dec 3: Vietnam Gold Surges to VND45.29Mln/Tael

Jim Rogers reaffirms love for gold, not selling now Posted: 03 Dec 2011 12:37 AM PST (Commodity Online): Jim Rogers once again affirmed his love of Gold and indicated that if prices drop to $1200/oz, he would get extremely excited. In a recent interview with CNBC, Rogers says, “Somewhere down the line gold will have a correction. Gold will continue to do what gold does best. Just give it a chance. [...]

India gold hits new high at Rs 29,490 on Friday Posted: 03 Dec 2011 12:15 AM PST Gold climbed a new peak today by rising Rs 50 to Rs 29,490 per 10 grams on sustained buying by stockists to meet the ongoing marriageseason demand amid a firming global trend. The precious metal has surpassed its previous record of Rs 29,440 per 10 grams set on November 30. Silver followed suit and surged by Rs [...]

Silver investors – on the horns of a dilemma Posted: 03 Dec 2011 12:00 AM PST Although seeing a rise of around 10% on the year to date silver investors are currently torn between liquidating their holdings given the metal’s lacklustre performance since its huge surge in the first four months of the year and subsequent fallback, or piling in looking for big increases ahead.  Indeed recent price movements have been [...]

What if Europe uses Gold as collateral for loans? Posted: 03 Dec 2011 12:00 AM PST If Eurozone governments secured their borrowing with gold, what would that do to the Gold Price…? We have never believed it would return as day-to-day money. That is why for years Gold Forecaster has pointed to gold’s coming monetary role as collateral. We have always seen its return tied into its use on a global basis, [...]

Sell gold; buy silver and copper suggest experts Posted: 03 Dec 2011 12:00 AM PST T Gnanasekar, Comm Trendz Research & Fund Mgmt recommends buying silver on dips. He says,"We believe that silver which has been lagging behind gold in this entire move could catch up. Silver can be bought on any dips to Rs 56,700-Rs 56,800 one can keep a stop loss at Rs 56,200 and target of Rs 58,000." According to Shreekant Jha, PJ [...]

Two reasons why Silver looks extremely bullish Posted: 02 Dec 2011 11:43 PM PST With Silver trading over 35% down from its May highs of near $50/oz, silver is looking extremely bullish for a number of reasons and many traders are expecting prices to double or even tripe over the next 6 months. Here are two reasons why silver is looking extremely bullish. -Many Traders expect the US fed to unleash [...]

Investors should buy gold versus the euro Posted: 02 Dec 2011 10:48 PM PST Gold and the dollar (DXY) are Bank of America Merrill Lynch's top currency trades for 2012 as the U.S. government begins cutting benefits and raising taxes and the European Central Bank purchases more government bonds. Investors should buy gold versus the euro as the ECB engages in quantitative easing to contain debt turmoil, David Woo, global head of [...]

Gold gained 3.9% on the week, snapping a two-week losing streak Posted: 02 Dec 2011 10:47 PM PST Gold futures gained modestly Friday, on hopes that talk of more fiscal union in Europe would pave the way for more central-bank stimulus measures and as they regained some of their safety allure ahead of a euro zone summit. Gold for February delivery, the most active contract, rose $11.50 an ounce, or 0.7%, to $1,751.30 [...]

Dec 3: Vietnam central bank keeps dollar exchange at vnd20,803 over a month Posted: 02 Dec 2011 09:13 PM PST More than a month, after adjusting it for 14 times in October. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,011. Commercial banks also kept their dollar prices quote unchanged, selling dollar at the [...]

Dec 3: Vietnam Gold Surges to VND45.29Mln/Tael Posted: 02 Dec 2011 09:11 PM PST Vietnam gold jumped VND0.21 million a tael from yesterday close to VND45.29 million/tael on Saturday morning, following the suit of world god prices, local dollar prices were kept at VND20,803 since October 28. SJC Hanoi quoted at VND45.07 million/tael for bid and VND45.29 million/tael for bid and ask, respectively as of 11:50, Hanoi time. SJC [...]

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