Central Bank Gold reserves according to the IMF are expanding gold holdings from Russia to Kazakhstan are buying while China never stopped adding and has more to do than anyone is pricing in.
Emerging Markets Update
Put options for U.S. Listed Russian ETF Jump at Fastest Pace in 4 Years. Cyprus is a major issue for the world but the focus on Russia here is so overdone.
Coca Cola – Hellenic Bottling Company (HBC) acknowledge some issues/risk doing business in emerging markets in a statement to investors. Specifically Coca Cola indicated the risk in doing business in Russia is now at the same level of risk as in Nigeria.
The Gold price and the share prices of gold miners have been under heavy pressure, with miners in a deep, deep funk. Let’s discuss.