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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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Qingyu
manchester, UK
Posts: 1763
13 years ago
Oct 30, 2011 13:29
so gold will up anyway, second stage of crisis "gold up risk off"
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Oct 30, 2011 11:07
Catnip,

Actually, Super Mario is the name given to Mario Monti (former EU Commissioner on competition/regulation) and NOT Mario Draghi. Monti has been suggested as possible Italian PM. Very respected worldwide.


Partisan,

If ECB cuts 25 bps, then this might be good for gold but not really sure if any effect on euro. 50 bps cut would be euro negative and very positive for gold.

Ashraf
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 30, 2011 8:10
Take into account Mario Draghi is an ex-Goldman....best known as Super Mario. After that he became the CEO of Italy's central bank. And then was propelled by G7 to the chairman of a widely unknown institute Financial Stability Forum.
It is not at all clear what the new ECB chairman Draghi will do.
I think he will be Super Mario ....
so the markets will very closely watch words between lines on Nov 3 ECB meet the press.
aymankhlifat
amman, Jordan
Posts: 21
13 years ago
Oct 29, 2011 21:22
ECB cut means 1800 for gold next week ,nothing else , best regards
partisan
London, UK
Posts: 43
13 years ago
Oct 29, 2011 12:04
Ashraf -

What effects will an ECB cut have on gold and silver?

Many thanks, John
DaveO
UK
Posted Anonymously
13 years ago
Oct 28, 2011 23:15
If I were ECB I would cut 50bps next week.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 28, 2011 21:05
Do not overlook Saudi Arabia has the two most important sanctities of islam, the Kaaba of Mekka , and Medina.
DaveO
UK
Posted Anonymously
13 years ago
Oct 28, 2011 20:59
Thanks for comments Ashraf and Sarah. Its becoming a very interesting subject with apparent such speed of transition and adjustment. The next 20 yrs is going to see extraordinary change across the globe in more ways than one I feel.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Oct 28, 2011 20:32
As the first bond auction after EFSF summit went bad ( 6.06% yield on 10 y Italy bonds) it is highly probable that new Italian CEO of ECB will cut 50bps.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Oct 28, 2011 20:31
Dave, sara,

Agree with Sarah but...

... not sure if Bahrain's stability can be put in same light as that of rest of Gulf nations.

Id also worry about Saudi Arabia in 5 yrs from now, when the new King Naif may block some of the reforms announced by the current Abdullah.. How will it look 5 or 10 yrs from now is a big question. Saudi structural economic problems of youth unemployment and poverty (yes, poverty) are becoming a problem. Not to mention, the SOCIAL part of socioeconomic such as: rising rising Islamic extremism (Salafism), eroding women's rampan rights despite recent announcements, drug use, etc.

The rivalry for economic preeminence shall be (already is) between Qatar and Abudhabi (UAE). Both are handling it differently.


Ashraf
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