CNBC Bonus Bucks Trivia: CNBC Stock Blog: What factor(s) did HSBC’s Jim Steel recently cite as making precious metals “safe investments�
Source: http://feeds.feedburner.com/~r/StockMarketBeat/~3/330891451/Posted on Wednesday, July 9th, 2008 | In Current Market News, Stocks to Watch
Contributed by: William A. Trent (http://stockmarketbeat.com) -
CNBC Stock Blog: What factor(s) did HSBC’s Jim Steel recently cite as making precious metals “safe investments”?
“The persistently high price of oil, the weaker dollar and the resurfacing credit crisis are driving up the price of precious metals, making them safe investments,” said Jim Steel, chief commodities analyst for HSBC.
Looks like an “all of the above” to me.
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Blog, Bonus Bucks, Cnbc, Cnbc Bonus Bucks Trivia, Commodities, credit-crisis, Current Market News, Hsbc, Precious Metals, Price Of Oil, Safe Investments, stock, Stocks to Watch
 About William A. Trent (http://stockmarketbeat.com)
Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. His experience includes stints with institutional investors responsible for more than $70 billion in assets and covers all market-cap sizes. Sector concentrations have been within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. |
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