Saturday, February 11, 2006

Cheuvreux gold report

Paul Mylchreest (investment analyst, Credit Agricole Cheuvreux International) published an impressive gold market report covering some of the complex fundamentals driving this great gold bull market. It appears that the disagreement (regarding gold role in the global monetary system) is expending itself from the central banks arena into commercial banks arena as well.

If the findings about central banks gold lending are true, the immediate conclusion would be: some central banks have been providing huge subsidy for commercial banks on the expense of their public. Doing so, not only severely mismanaging public funds under their supervision but also causing great damage to usually poor countries heavily dependent on gold export.
Please read the report here.

2 comments:

gold nugget hunting said...

Hey, I 110% agree with the last few comments. This blog has great opinions and this is why I continue to visit, thanks! Ms. gold nugget hunting

Rick J said...

I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
the indexes easily.

Take a look at Wallstreetwinnersonline.com

RickJ

Search

SUBSCRIBE

Gold Global Perspective Feed

AddThis Social Bookmark Button AddThis Feed Button

Labels