Thursday, April 11, 2013
Goldman Sachs Lowers Target on Gold
Personally I would prefer to go long gold into 2017+ and short Goldman Sachs, but then that might be my anti-theiving Yankee bankers - pro real things bias talking.
Yen Edges to 100 as BOJ Says Enough for Now
April 11 (Bloomberg) -- John Dawson reports on the yen. He speaks with Susan Li on Bloomberg Television's "First Up."
Swiss Vault exudes old world opulence
April 10 (Bloomberg) -- Bloomberg goes deep underground, below the Zurich headquarters of Credit Suisse, and inside one of the bank's secure vaults dedicated to private clients.
Cyprus forced to sell 10 tons of Gold
From reuters.com
Original source
(Reuters) - Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed.
The draft assessment, obtained by Reuters, also said that Cyprus would raise 10.6 billion euros from the winding down of Laiki Bank and the losses imposed on junior bondholders and the deposit-for-equity swap for uninsured deposits in the Bank of Cyprus.
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