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The Aussie market was higher yesterday, with the S&P/ASX200 closing 38 points higher to 4,726.80. In other news, China is expected to increase rates ‘soon’ says a local Chinese newspaper in attempt to slow the economy and reduce inflation. Despite spending most of the day in the black, the Dow Jones Industrial Average closed lower [...]

It’s amazing how a little bad weather can affect the price of a commodity. While we’ve been looking at commodities over the past few weeks, pretty much every commodity is affected by the same thing: adverse weather. And today, cotton is no different. Except, in one part of the world, what has created a shortage [...]

China isn’t the world’s No.1 gold buyer just yet. But its impact is already showing in how global gold prices move… SURGING DEMAND from China, the world’s second-largest gold buyer, is changing seasonal patterns in gold price trends for investors everywhere. How so? At this current pace, private Chinese demand may overtake India’s by 2014 [...]

Forget about the supposed gold bubble. Ignore the growing property bubble, and don’t worry yourself about the potential commodity bubble if Dr. B.S. Bernanke – yes, those are his initials – gets his way. There’s a bigger bubble brewing. This one is in bulbs. But not light bulbs. And not tulip bulbs either… Because this [...]

Back in July, a Chinese credit rating agency called Dagong hit the headlines, criticising the existing ratings agencies for rating China unfairly, and favouring America, despite its mounting debt. At the time, it was hard to not question the company’s own interests, but it was refreshing to at least have another voice in the credit [...]

“The quality stuff we’ve got is still selling well but the B and C-class properties have been hit harder.” That’s according to John Bongiorno, director of Melbourne real estate agency Marshall White, quoted in today’s Australian Financial Review (AFR). But the following part was the best bit, as written by AFR journo Ben Hurley: “The [...]

Three reasons you need your own private Gold Standard, rather than waiting on “sound money” from government.. DID GOLD’s first foray over $1,400 mean we’re going back to a Gold Standard? Nope. Not in the West, nor anytime soon anywhere, and for three simple reasons First, gold prices aren’t high enough. Second, modern governments don’t [...]

“There are more tears shed over answered prayers than over unanswered prayers…” – Teresa of çvila, patron saint of headache sufferers IT’S FIVE YEARS and $1.7 trillion of Chinese foreign reserves since the People’s Bank of China ended its decade-long peg to the Dollar – the one at CNY8.3 which it had defended through the [...]

The S&P/ASX200 only added 3 points yesterday, closing at 4,655.70. However the market has opened in the red this morning. Overnight, the Dow Jones Industrial Average tumbled 165 points to 10,978.62. And just when the markets seem to think everything is peachy, along comes another dimension to the mortgage mess in America, reminding us that [...]

What jewelry-selling Western consumers have discovered about China’s gold buying…
WHATEVER the reasons for China’s massive household savings rate (Western economists blame the lack of social security, so you can guess their cure), the World Gold Council’s Gold Demand Trends today showed private consumers putting ever-more money into physical gold.

Compared to household savings, in fact, revised [...]