Author: Aaron

  • Bullion Price Forecast for 2005

    London Bullion Market Association have released a 10 page report called “Annual Metal Winners 2004“. The best visions of the future often start by looking at the past. Last year held rewards for both the bulls and bears and also for those in the middle. The 2004 average for gold hovered near $410 at years-end…

  • CMC achieves landmark China forex move

    An internet-based trading group will this week become the first non-bank provider of foreign exchange products to be approved by Chinese regulators. The move is the latest example of China opening its tightly controlled financial markets to foreign companies. CMC Group, a UK-based company which runs financial trading websites around the world, has been granted…

  • Door opens into commercial property

    TRADITIONALLY, commercial property has been a closed shop as far as private investors are concerned. High entry levels for good-quality transactions have meant that even high-net-worth individuals would have to think twice about jumping into the market. But the lure of the commercial property sector – the best performing asset class over the past five…

  • Gold could reach 480 dollars – Merrill Lynch

    The price of gold could reach US$480 a troy ounce during the first half of 2005 if the euro strengthens to $1.39 in the same six-month period, investment bank Merrill Lynch said in a report issued this week. The bank sees gold averaging $440/oz in 2005, with the metal trading in a range between $400/oz…

  • Five Energy Stocks to Keep on Your Radar Screen

    There’s no question: The energy market is hot. Since the beginning of 2004, oil prices have soared more than 50%, while natural-gas prices have lingered well above historical averages. Likewise, energy stocks have posted dramatic returns as expected future cash flows have risen. Naturally, our energy stock valuations are highly contingent upon the oil and…

  • SFC outlines five funds priorities

    Hong Kong’s Securities and Futures Commission has five priorities for improving the funds industry, topped by growing the hedge funds market, says Alexa Lam, executive director of intermediaries and investment products. The authorized (retail) hedge funds industry in Hong Kong is small, but this belies the true size of the industry here, Lam says. Although…

  • John Dizard: Hippy new year ends with bang

    January is the time to take your view for the year, and most of my conversations with Wall Street players (or “playaz”,depending on their self-image) in recent weeks have consisted of exchanging guesses about the macro prospects. Of course, one 12-month period should be not be different from any other but the outcome at the…

  • A Year to Remember for Exchange-Traded Funds

    The year just ended was a good one for exchange-traded funds. ETF assets grew by 47% to $222 billion, according to current figures in Morningstar’s database. ETF purveyors launched dozens of funds, including groundbreaking gold and China offerings. The industry also buzzed with talk of creating other commodity-linked and even actively managed ETFs. Here’s a…

  • What Do The Numbers Really Mean? Uncovering the Secrets of Economic Indicators

    An economic drama is playing out as you read this, one whose next act is about to unfold. It began quietly enough on Thursday, Jan. 6, when the U.S. Department of Labor issued its weekly report on first-time unemployment-insurance claims. It found that 364,000 workers filed initial claims for unemployment benefits for the week ending…