2013 gold forecast quote

There are fears that economic stimulus programs, implemented by governments and central banks will depreciate the currencies of those countries and will fuel inflation.

The price of gold will reach a new record next year, over $ 2,000 per ounce, whereas central banks will accelerate the money printing programs to support national economies, according to the head of metals trading division of Deutsche Bank, Raymond Key, quoted by Bloomberg. "We will exceed $ 2,000, we get up. This estimate is based on the view that (central banks, no) will continue to print money," said Key in Hong Kong, where he participated in the annual gold traders association in London. 

Gold goes to the 12 th consecutive year, amid fears that economic stimulus programs, implemented by governments and central banks will depreciate the currencies of those countries and will fuel inflation, says Tuesday. 

"Of all the metals, gold will be the best development," said the head of metals trading division of Standard Chartered Bank. 

Gold for immediate delivery, which reached a record $ 1,921.15 in September 2011, Wednesday trading at about $ 1,728, up 11% compared to earlier this year. From December 2008 until June 2011, gold rose by 70%, in the context of acquisitions of financial assets amounting to 2,300 billion run by the U.S. Federal Reserve (Fed). 

Fed announced in October that it would buy bonds backed by mortgages up to 40 billion dollars a month and will keep interest rates near zero until 2015 to support economic growth and employment. 

Bank of Japan extended a financial asset purchase program in October for the second time in two months, and the European Central Bank announced that it is ready to buy bonds of eurozone countries with financial problems.

ECB keeps key lending rate at record low of 0.75%

European Central Bank (ECB) held on Thursday (8 nov) monetary policy rate at record low of 0.75%, in line with analysts' expectations and the Bank of England took a similar decision, maintaining minimum, 0.5% of key rate.
 

ECB lowered the key rate in early July by 0.25 percentage points, from 1% to 0.75%, and reduced the deposit rate to zero, both indicators reaching historic lows.
 

The Bank of England also held Thursday monetary policy rate but also the value of assets acquisition program to 375 billion pounds.
 

Decisions of the two central banks have been anticipated by analysts, Mediafax.
 

ECB expected to work a program of bond purchases as soon as Spain will require external financial assistance, according to CNBC. The bank announced in October that it is prepared to buy bonds of countries with financing problems, such as Spain and Italy, after they ask for help eurozone emergency fund.
 

So far no country called activation program, but the ECB announcement was enough to calm markets.
 

The unlimited purchases of bonds of troubled eurozone countries, the ECB announced in September, is conditioned by accessing the eurozone emergency fund and meeting strict conditions, including austerity measures and reforms.

Barack Obama wins second term as president of the U.S., and the news has sparked mixed reactions in financial markets, where not everyone sees kindly re-election of the Democratic candidate. What were the most important reactions shortly after reelection leader in the White House?

Lionachescu Doru, a partner at consulting house M & A Capital Partners, believes that financial markets will have a neutral reaction in a first phase, followed by developments but not very good in the coming months.

"For the current stage is U.S. Republican presidential version I think, that much more strict with public money and more realistic about what can America in 2012, was the best choice. As investors will appreciate the inconsistency and inability of Democrats and Barack Obama to come up with real solutions, financial markets will be affected, "said Lionachescu.

He adds that investors will have a neutral reaction in the short term, but eventually "will be expected continuation of a president who insists on social action rather than on economic revitalization."

 But this view is not Andrei Radulescu, an analyst at brokerage company Broker Cluj.
"In the short term fluctuations in the markets we attend, but long-term effect relegerii Barack Obama will be positive. But we must also consider that the end of the year is likely to see a decision on the fiscal cliff (editor's note. U.S. budget deficit), a decision which may not please the markets. From this perspective may arise from fluctuations on the stock market later this year and early next year, "says Radulescu.

Gabriel Philemon, executive director SAI Muntenia, SIF Muntenia administrator, believes that Obama's re-election term remains positive.

"Maintaining continuity in the leadership of the U.S. will have positive effects on the U.S. economy and thus on financial markets. I do not think the U.S. will get to enter a new recession because of problems with the budget deficit. I expect Democrats and Republicans to reach an agreement on solving the "fiscal cliff, '" said Philemon.

Barack Obama defeated Mitt Romney in prezindentiale election but faces a strong Congress split between Democrats and the Republicans members. Republicans hold the majority in the House of Representatives and Senate Democrats in a crucial period for the U.S. economy.

Investors believe that the U.S. money printing press will go crazy

Investors should prepare for price increases and new expansionary monetary policy from the Fed after the current president, Barack Obama won a second term, according to Jim Rogers, co-founder with George Soros of Quantum investment fund.  

U.S. Federal Reserve (Fed) lowered in recent years monetary policy rate close to zero and make important purchases of bonds to lower borrowing costs in the long term. Even before Obama won the estimates are presented as more television stations, Rogers rejected his hard on both candidates, calling them "evil," writes CNBC. Quantum co-founder said he expects Obama's policies lead to increased commodity prices and the weaker dollar. "If Obama wins there will be more inflation, more debt, print money and higher expenses. It will not be good for anyone. I think that printing money will go crazy now, as well as expenses, "he said. Rogers said he did not vote for either of the two candidates, "because they are both evil."