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Thursday, January 20, 2011
Heavy losses for Asian stocks
Strong wave of economic data from China triggers renewed selling pressure
Asian markets slipped today as a strong wave of economic data from China triggered renewed selling pressure. The weak overnight cues from the US markets and selling pressure in commodities also hurt the overall sentiments. China's gross domestic product a much better than expected 9.8% in the fourth quarter from a year earlier. The growth was better than third quarter's 9.6% surge and underscored the fact that the tight money policies initiated by the country's central bank during last year are still not having a desired effect. The country wants to curb this runaway growth and stabilize the macroeconomic environment.
'Fear and Love Make Gold Strong'
An interview with Frank Holmes, by Jeff Clark, BIG GOLD
For the BIG GOLD annual gold forecast survey published in January, Jeff
Clark surveyed seven gold experts and nine top economists and fund
managers, along with Doug Casey himself, to provide their best insight on
what to expect in 2011 and how to invest.
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