Pros Say: Gold’s Staging a Comeback, to $1,200
As global stocks fell Thursday on concerns about the economic recovery after the Federal Reserve lowered its forecasts for U.S. growth for the next three years, safe-haven play gold rose. Experts tell CNBC the precious metal's price is likely to resume its upward climb.
Gold May Test $1,200
Gold is beginning to gain investors' interest given all the debt funding we are seeing around the world, notes Frank Holmes, CEO & CIO of U.S. Global Investors. He tells CNBC that gold may test $1,200.
US Market May Correct 8-10%
Milton Ezrati, partner, senior economist and market strategist at Lord Abbett, says the stock market does not move in one direction for very long and a pullback of 8-10% is likely.
US Stocks Make Good Long-Term Buys
U.S. equities and credit-sensitive fixed income instruments will provide a nice return in 18-24 months, says Milton Ezrati, partner, senior economist & market strategist at Lord Abbett.
Asia Recovering Faster Than US
Asia is seeing a recovery faster than the U.S., observes Frank Holmes, CEO & CIO at U.S. Global Investors.
Cautious on China in the Short Term
In the short term, Chi Lo, director of investment research at Ping An of China Asset Management is cautions on the Chinese markets. He tells CNBC why he sees a correction there.
Lack of Commitment in Markets
There is a lack of commitment in the markets, says David Halliday, associate director at Macquarie Equities. He speaks to CNB bout how the markets have been lacking direction.
Market Sentiment Impacts Data
The "green shoots" theory manifests because data is turning out better than expected, says Sue Trinh, senior currency strategist at RBC Capital Markets. She warns CNBC though that the data is only seen as better because expectations are at depressed levels.
John DiPlacido, oil trader and president at Energex tells CNBC why he is a "cautious bull" in the market.
Beginning of the End for the Dollar?
This is the beginning of a downward trend for the dollar, believes Thomas Harr, senior FX strategist at Standard Chartered.
Dollar-Yen Stays Rangebound
The dollar-yen is likely to be stuck in a 92-102 range, says Jeffrey Halley, senior manager of FX trading at Saxo Capital Markets.
Airlines' Earnings Recovery in Early 2010
CLSA has upgraded its target prices for Asian carriers, citing earnings recovery should start early 2010, its head of regional consumer & transportation research, Robert Bruce, said.