Market Tips: Sidestep Gold and Head for Oil
Global stocks were mostly positive on Wednesday, with gold hitting another new record above $1,216 an ounce, as investors' anxiety over Dubai's debt problems took a backseat and they focused on upcoming U.S. employment data and the European Central Bank's meeting.
Experts told CNBC the dollar will remain weak into 2010, but that commodities, aside from gold, hold value.
Sidestep Gold
Invest in oil, base metals and soft commodities over gold, advises Roman Scott, economic spokesman for the British Chamber of Commerce & MD of Calamander Capital.
Protecting Against Uncertainty
Gold is a great protection against uncertainty, says Mathew Kaleel, co-founder & portfolio manager at H3 Global Advisors.
Dollar Likely to Remain Weak
The dollar is likely to stay weak going into the end of the year and into the early part of 2010, says David Mann, FX strategist, global markets at Standard Chartered Bank.
Not That Much Cash Sitting on the Sidelines
One of the biggest fallacies out there is the fact that there is all this cash sitting on the sidelines waiting to come in the market, says Jack Bouroudjian, CEO of IndexFuturesGroup.com.
Price Bubbles Forming
Rising asset prices and declining economic activity signal price bubbles, says Roman Scott, economic spokesman for the British Chamber of Commerce and MD of Calamander Capital.
The World in 2010
In 2010, Asia is probably a better place to be than in America and Europe, says Daniel Franklin, executive editor at The Economist. He tells CNBC what the economic landscape will look like once the government stimulus is withdrawn.
Upbeat on Taiwan, HK & India
Taiwan, Hong Kong and India offer the greatest potential for alpha in 2010, says Clive McDonnell, regional strategist at BNP Paribas Securities.
Bear on Aussie Banks
Colin Whitehead, analyst at Fat Prophets, advises against buying Australian banks. He tells CNBC that now is not the right time.
Aussie Will Reach Parity
The Aussie will reach parity at some point, says Ed Ponsi, president of FXEducator.com.