Post by pling on Feb 15, 2016 8:56:07 GMT
Fra investorintel.com 12. februar 2016
- Gold we know about. It rose as much as $56/oz on Thursday, its biggest one-day gain since 2009. London’s The Daily Telegraph on Thursday had this shouting headline: “Investors ‘go bananas’ for gold bars as global stock markets tumble”. The second headline then told readers: “Bullion dealers report record sales as buyers ‘queue round the block’ to purchase the precious metal”.
- Well, apparently something similar is happening in China to lithium with reports that industrial users there are buying at increasingly high spot prices – the latest report quotes $16,000 for lithium carbonate. While gold is the new (yet again) safe haven, so lithium is seen as the “new gasoline” (in the words of Goldman Sachs). As The Economist put it, “the element is a vital component of batteries that power everything from cars to laptops and power tools”.
- Gold we know about. It rose as much as $56/oz on Thursday, its biggest one-day gain since 2009. London’s The Daily Telegraph on Thursday had this shouting headline: “Investors ‘go bananas’ for gold bars as global stock markets tumble”. The second headline then told readers: “Bullion dealers report record sales as buyers ‘queue round the block’ to purchase the precious metal”.
- Well, apparently something similar is happening in China to lithium with reports that industrial users there are buying at increasingly high spot prices – the latest report quotes $16,000 for lithium carbonate. While gold is the new (yet again) safe haven, so lithium is seen as the “new gasoline” (in the words of Goldman Sachs). As The Economist put it, “the element is a vital component of batteries that power everything from cars to laptops and power tools”.