Thursday 5 July 2012

EU and China Cut Interest Rates

Good evening! China once again cut their interest rates by 25 b.p., simultaneously over in Europe, interest rates were cut as well. So, if you are depositing any cash in your bank account, you'll literally receive 0% return. This should encourage more people to go into the stock market to seek for better returns. Even so, this good news (or bad news....many might say) was greeted with slumping precious metals prices, and Dow Jones index. 

In the long run, precious metals would still present a strategic buy. Like they say, "Keep stacking"

On the other hand, prices of Aglobal has remained quite steady and might be an impetus to a spike in price soon. Gpro has been quite promising as well. Till then, happy trading! 

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