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(1888PressRelease) Temporary dips in price are a normal part of investment
cycle.
MIAMI, FL – There was an understandable, and anticipated Todd Frazier
Jersey , slide in the price of gold and silver August 4 as the
stock market fell sharply, forcing some investors to take profits in gold and
silver in order to cover losses elsewhere. Investors should be reassured that
both metals are still sitting at levels far higher than a few weeks ago. Some
correction was inevitable but the main factors supporting gold and silver have
not changed. The risk of debt contagion from Europe remains high and safe-haven
demand for gold and silver should continue to be high also.
Both the Swiss franc and the Japanese yen have served as safe-haven
investments in a similar way to precious metals but both countries have found
their currencies trading at too high a value, thus hurting exports and having a
deleterious effect on growth. As a result Gary Sanchez
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Japan responded today by selling yen, pushing up the price of the dollar. These
are understandable moves, a strong currency always has a downside in terms of
exports Mariano Rivera
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beginning to run out, leaving gold and silver looking even more attractive.
NAIROBI, June 21 (Xinhua) -- China on Wednesday officially handed over the
first batch of 100 Alex Rodriguez
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hunger-stricken citizens.
Speaking during the handover ceremony in Nairobi, Chinese Ambassador to Kenya
Liu Xianfa said the consignment of rice is part of the 450,000 bags that Beijing
pledged as food aid.
"China has been sympathetic to the food shortage situation in Kenya that was
occasioned by weather situation which has not been promising agriculturally. The
Chinese people have always stood side by side with Kenyans and will always come
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The delivery is part of the 21,366 metric tonnes of food aid worth 22.5
million U.S. dollars that will be distributed to suffering Kenyans throughout
the country.
The remaining batches of the food will arrive within the month of June,
mid-July and the last batch will be delivered in August.
Josepheta Oyiela Mukobe Babe Ruth
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Special Programs, hailed the Chinese people for coming to the aid of the
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population.
"I am delighted to be here today to witness the handing over of humanitarian
relief food from China to the Kenyan government. We are indeed humbled by the
much consideration and good neighborliness that the Chinese have shown towards
our people," Mukobe said.
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