FigaNews Tracking Gold Silver Precious Metals Markets , The Financial and Stocks Markets and The Economy
Thursday, October 16, 2014
Puru Saxena: Bull Market Could Be Over, But Don't Get Too Bearish
Oct 17 – Cris Sheridan welcomes Puru Saxena, founder of Puru Saxena Limited in Hong Kong, and publisher of Money Matters. Puru sees this bull market as mature, where a lot of stocks are no longer participating. Market breadth has narrowed considerably and 60-65% of NYSE stocks are now in a bear phase
Friday, March 7, 2014
PURU SAXENA GoldSeek Radio Interview - March 5, 2014
Puru Saxena of Puru Saxena Wealth Management says, now that gold, silver and related equities have moved above their respective 200 day moving averages, he's turned bullish on the precious metal sector, due in part to US dollar weakness. The money manager thinks that silver will significantly outperform gold once investors regain their affinity for the metals.
Saturday, June 23, 2012
Gold Outlook after the FOMC Meeting by Puru Saxena
The Federal Open Market Committee (FOMC) is the policy-making arm of the Federal Reserve. It determines short-term interest rates in the U.S. when it decides the overnight rate that banks pay each other for borrowing reserves when a bank has a shortfall in required reserves. This rate is the fed funds rate. The FOMC also determines whether the Fed should add or subtract liquidity in credit markets separately from that related to changes in the fed funds rate. The Fed announces its policy decision (typically whether to change the fed funds target rate) at the end of each FOMC meeting. This is the FOMC announcement. The announcement also includes brief comments on the FOMC's views on the economy and how many FOMC members voted for and how many voted against the policy decision.