DailyMarkets.com - To Stay With A Long Term Gold Trend Requires True Grit

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• To Stay With A Long Term Gold Trend Requires True Grit
• BOJ Pursues Aggressive Easing, But Outlook Slightly Better
• Central Bank News Link List – Feb.14, 2013: Britain’s Central Bank Chief Irked By G7 Mixed Messages
• Ghana Keeps Rate On Balanced Risks To Growth, Inflation
• Korea Holds Rate, Sees Low Inflation, Global Downside Risks
• More Signs Of Froth

To Stay With A Long Term Gold Trend Requires True Grit Posted: 13 Feb 2013 11:48 PM PST Gold is in a very healthy accumulation phase, and gold may yet test the lower end of the current trading range, do you have the true grit to hang on. The current gold sell off is not like the most recent Apple Inc sell off, as rising volume on the down swings is not apparent. The sell off is considered mild and very bullish. This blog hopes for GLD print of $150 or $140 as to allow more buying.  The gold fundamentals are still strong. FED, BOJ, BOE and China are still increasing the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

BOJ Pursues Aggressive Easing, But Outlook Slightly Better Posted: 13 Feb 2013 10:00 PM PST     Japan’s central bank will continue to “pursue aggressive monetary easing” in an effort to reach its 2 percent inflation target but said the country’s economy appears to have stopped weakening and other economies were showing signs of improving, a slightly more optimistic view than last month.     The Bank of Japan (BOJ), which last month doubled its inflation target and launched open-ended asset purchases from 2014 to help keep interest rates low and boost growth, did … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Feb.14, 2013: Britain’s Central Bank Chief Irked By G7 Mixed Messages Posted: 13 Feb 2013 07:22 PM PST     Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. Britain’s central bank chief irked by G7 mixed messages (Reuters) Subtle divergence in approach to Fed policy on display (Reuters) Praet: Financial markets must wean themselves off … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Ghana Keeps Rate On Balanced Risks To Growth, Inflation Posted: 13 Feb 2013 07:17 PM PST     Ghana’s central bank kept its policy rate steady at 15.0 percent, saying the risks to inflation and economic growth were fairly balanced and inflation is expected to remain within its projected band of 9.0 percent, plus/minus 2 percentage points by the end of 2013.     The Bank of Ghana, which raised its rate by 250 basis points in 2012, said the major upside risks to inflation were the possible removals of utility and fuel subsidies, wage negotiations and balance of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Korea Holds Rate, Sees Low Inflation, Global Downside Risks Posted: 13 Feb 2013 06:56 PM PST     South Korea’s central bank held its base rate steady at 2.75 percent, as expected by most economists, saying it expects inflation to remain low and the economy’s negative output gap to persist for a considerable time due to the sluggish global economy.     The Bank of Korea (BOK), which cut interest rates by 50 basis points in 2012, said Korea’s economy remained weak although investment has increased amid generally better exports.     “Going forward, the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

More Signs Of Froth Posted: 12 Feb 2013 12:31 AM PST As a follow-up to yesterday’s post (see Is the credit market cruisin’ for a bruisin’?) where I detailed signs of froth in the credit market. I offer the following anecdotes of rising risk appetite. Everyone’s bullish Firstly, Joe Wiesenthal at Business Insider wrote that Nomura strategist George Goncalves found that when he went around the world on a marketing trip, virtually all institutional accounts were bullish: Uniformly, he found that the view was this: The Fed had its hand on the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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