Posts by "montmorency"

Ahead of their make or break game against Slovenia today, the England football team visited an orphanage on the edge of Johannesburg. "It's heartbreaking to see the look of despair and no hope on their sad little faces" said Jamal, aged 6.
(Evan Davis, Today Programme, BBC Radio 4)

The ref. didn't even see it, according to the BBC commentators.

@Mentawai: You are probably right; I don't study France all that closely.
However, I was surprised to see in a recent report (probably quoted in ZH) how much gold reserves they had. Of the same order as Germany, and (of course) much more than the UK.
I suppose that must mean something.

The link for that report: http://www.zerohedge.com/article/cot-weekly-data-discloses-biggest-euro-short-covering-episode-history

According to www.ft.com:-

"The trigger for the latest move higher appeared to be an unexpected increase in new jobless claims in the US reported on Thursday. The worlds largest gold exchange-traded fund, the SPDR Gold Trust, on Thursday added 1.8 tonnes to its gold holdings to hit a record high of 1,308 tonnes.

Edel Tully, precious metals strategist at UBS in London, said it would be hard for gold to sustain prices above $1,250.

Current gold support is quite narrow, with physical safe haven buying lagging well behind that of May, she said, adding: A positive for gold right now is that scrap supply is scant, but we think this will increase at current prices, becoming more apparent next week as it feeds into the system."


Needless to say, the goldbugs on ZH have another view.