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www.investing.com/analysis/menor-liquidez-afecta-al-mercado-de-bonos-6022
Losses Might Be Seen...
By | Apr 13, 2008 08:00PM ET A tough weekend, the seven largest industrial economies faced the world with new decisions, recommendations and strong rhetoric trying to help the current situation. Markets responded heavily especially the equity markets, as all major market indices are strongly bearish affected by the decision that they are going to give the financial sector 100 days so they can announce all the write-downs of assets and disclose all the risk and losses to their collateralized debt obligations, as those 100 days will be critical to the extent that we will see high volatility in the currency and equity markets, assuming that the G7 disappointed markets more than they attempted to save and support the depreciating dollar.
The confusion that resulted after the comments were released, made investors head to sell the precious metal for extra cash, so they can overcome the sever losses in the markets. The bullion continued falling for the third session in a row, opening at $915.17 reaching only a high of $921.15n, as it’s now trading around $921.17 levels.
As for the other commodities that acts as a supportive for the shiny metal; the crude oil dropped under the $110 per levels, as prospects of oil demand will drop due to the recession issues faced in the United States, and a global economy downturn.
Yet we expect in the upcoming months that the US dollar will remain fragile, as it might boost the gold ingots; nevertheless if earnings came worse than expectations Liquidation on the bullion will be seen largely in the upcoming months as well.
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