Overview Reports of Cyprus readying the sale of its excess gold reserves put the gold price under downward pressure last week, with investors concerned that other countries could follow Cyprus to reduce debt burdens……
According to ETFGI record net inflows of $73.4 billion in Q1 2013 helped to push assets invested globally in ETFs and ETPs to a new all-time high of $2.09 trillion at the end of Q1 2013.….
Untapped demand from China and greater investment by retail investors will drive growth….
OverviewThe gold price rallied last week as uncertainty around the future of Cyprus, and of the European Union as a whole, spurred demand for safe-havens. Cyprus struck a last-minute bailout deal early today, avoiding a much-feared collapse of its banking…
OverviewNews over the weekend that Cypriot bank depositors could face levies totalling EUR5.8Bbn as part of the bank bailout agreement rattled investors and led to a sharp rally in defensive assets. Investors’ fear that such policy could be replicated elsewhere…
OverviewThe ECB, BOE, BOJ, RBA, BOC all had policy meetings last week. While none of them changed interest rates or asset purchases, all indications were for accommodative policy to continue if not become more aggressive..…..
Overview An inconclusive Italian election result and the start of an US$1.2tn program of spending cuts in the US weren’t enough to stop investors rotating into more cyclical assets last week. A stronger US Dollar saw ETP investors continue to…
Fragile investor sentiment: While the resurgence of risk appetite over the past month has seen a rotation toward more cyclical assets, investor sentiment remains fragile, as evidenced by the market plunge following the Italian election results. Prior to the announcement…