The BI-ME eNewsletter
LOGIN:
Gold will ultimately hit US$1,300 on inflation hedging, says JPMorgan Chase
Source: BI-ME , Author: BI-ME staff
Posted: Sun May 17, 2009 3:11 pm
www alibaba.com
Meet worldwide manufacturers, wholesalers
& importers
in Alibaba now!

INTERNATIONAL. Jan Loeys, the global head of market strategy at JPMorgan Chase & Co said commodities are going to move higher as investors start to get concerned about inflation.

Speaking on Bloomberg Television from Hong Kong, Loeys said:  “The global recession and the US recession probably is over this month, maybe next month. Commodities, materials in particular, are going to be benefiting right now as investors start to get a bit worried about future inflation.”

“Over the next year or so, we think we are going to be crossing US$1,000, probably go ultimately to US$1,200, US$1,300 just for inflation hedging and lack of supply,” Loeys said.

Clients “are very worried about inflation in two, three years time,” Loeys said in the interview. “The buying we are seeing now in commodities is really hedging, hedging off the potential risk that we will see a spike in inflation.”

Loeys said crude-oil prices may rise faster than gold in the next few months as energy demand picks up.

Gold for June delivery settled up US$2.90 at US$931.30 an ounce Friday on the COMEX division of the New York Mercantile Exchange.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.