Precious metal is still in the middle of a correction that has long been overdue. Like metals, oil has somewhat subsided but still remains in a long term bull as fundamental problems have yet to be remedied. Long term outlook for U.S remains on the negative. There are too much optimism around that weighs much more than real fundamentals giving the hope that US or Europe economy has rebounded. And to add to that, Egypt's woes just added to the whole cauldron of Europe- US misfortune. The risk for a sudden drop certainly exists now - at much higher chances.
On the Asian side, problems of rising housing prices as well as a "bigger currency versus that of US" do abound. This will not be good for Singapore, of course, but may well make China a winner-- whose bigger currency could buy them more things and hence lift the entire economy to a new level.
No comments:
Post a Comment