Category: Global Market

Why Are Gold Stocks Falling?

Gold stocks normally amplify the gains from gold. If gold goes up 10%, then a good gold stock should go up 20%. So traders look for this ‘leverage’ to the gold price in gold stocks.

That was until ETFs became such a big force on the market.

Now traders can invest directly in gold ETFs with borrowed money to get the same effect. It saves having to do all that annoying research into a gold company.

So with all that money heading for the ETFs – instead of the stocks – the gold price and gold stocks are diverging.

Invest in Jordan

Projects are exempted from income and social services taxes by 25%, 50%, or 75% for a ten-year period, depending on the location of the project.
Imported fixed assets are 100% exempted from customs duties and taxes.
Duty and quota free access to the US market through the Qualifying Industrial Zones (QIZ).
Duty free access to EU markets.
Access to more than 10 Arab countries through the AFTA.
Bilateral agreements and favorable protocols with over 20 countries.

The Euro Rose to a Three-Week High Against the Yen

The euro rose to a three-week high against the yen as the European Central Bank member Jozef Makuch said it is “highly probable” that the bank will raise interest rates next week.

Japan’s currency weakened against all of its major counterparts on the prospect of the Bank of Japan leaving borrowing costs unchanged into 2012. Inflation in Germany stayed at the highest level in more than two years in March, a report is forecast to show today.