Monday, January 19, 2009
German Analyst Sees Strong Demand for Gold
Foreign Confidential....
An analyst at Germany's second-largest bank predicted today that demand for gold will remain strong in 2009 despite some negative macro-economic influences.
New figures released last Friday showed that inflation in the U.S. slowed to its lowest levels for 50 years during 2008, with the Consumer Price Index falling by 0.7 percent in December.
However, Eugen Weinberg of Frankfurt-based Commerzbank predicted that people will still buy gold in large volumes this year as a way of diversifying investment portfolios.
POSTSCRIPT: Some people may buy gold for good luck after reading in the European press about a man named Nikolay Illiev. The 32-year-old fashion photographer was the only Bulgarian aboard the jetliner that crash-landed last Thursday into the icy waters of the Hudson River opposite the far west side of midtown Manhattan. He credited his survival with a gold coin that his grandmother gave him as an amulet. Last summer, he told his parents to send him the coin in America as he believed it would bring him good luck. He had been carrying it ever since and had it on him when he caught the flight from New York to Charlotte, North Carolina in a hurry to get to a fashion shoot in Las Vegas, Nevada.Iran Intends to Give Hamas Rockets to Hit Tel Aviv
Foreign Confidential....
Israeli analysts say Iran will make every effort possible to rearm its Islamist, Palestinian proxy, Hamas, with the rockets that it lost in Israeli air attacks. Moreover, Iran will attempt to widen the range of the rockets so as to be able to hit Tel Aviv.
Israel hopes that Egypt will prevent the rearmament. Egyptian President Hosni Mubarak has already defined a Hamas state in Gaza as an Iranian satellite that has grown on its doorstep.
Iran's intention is to provide Hamas and Hezbollah, Iran's Lebanese proxy, with a nuclear shield for an all-out war of annihilation against Israel. Hezbollah has dozens of rockets capable of hitting Tel Aviv and a larger arsenal capable of hitting Haifa in the North. Both types of rockets can be equipped with chemical or biological warheads.
A summary of the Iranian missile threat can be found here.
Monday, 19 January 2009
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