China Official Bullish on Gold
Posted on Friday, May 30th, 2008 | In Asia, China, Current Market News, Gold Markets, Stocks to Watch
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
Wang Yu, director of
the gold and foreign exchange market of the People’s Bank of China, said that gold
prices will rise because of continued dollar depreciation, rising demand, and
global political uncertainty.
“My personal
conclusion is that international gold prices will remain volatile in the short
term, while from a long-term perspective there is a possibility for — and room
for — prices to increase further.”
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Tags for this Post:
Asia, bank of china, China, china official, Current Market News, foreign exchange market, Gold Markets, Gold Prices, international gold, political uncertainty, Stocks to Watch, wang yu
Asia, bank of china, China, china official, Current Market News, foreign exchange market, Gold Markets, Gold Prices, international gold, political uncertainty, Stocks to Watch, wang yu
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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