Gold price increases - further panic at the stock exchanges
Kategorie: Dollar Forex, 18.September 2008
Emergency fusions, fusions and bankrupt. Also good quarter numbers are of no use then, if the market is pessimistic. This has proved Morgan Stanly yesterday. Although Morgan Stanley had presented an unexpectedly good quarterly result the share fell 24% down to 21.75 USD on Wednesday.
It is said now that Morgan
Stanley wants/must seek a fusion with Wachovia.
The Morgan
Stanley boss John Mack says that speculators are to blame for the collapse of prices. A
business field which the investment banks know best.
Also Washington Mutual,
the largest Savings Bank in the USA recommended itself for sale. The Strongly shattered Halifax Bank of Scotland
(HBOS) will be taken over by the financing concern Lloyds TSB.
The uncertainty in the market is immense and the money transactions
under the banks has come to a total halt, despite the injections of
money of the central banks all over the world. Among other things this
has led to a capital and bank crisis also in Russia.
Unfortunately, the apparition is not over yet.But if you are tired of all the things going on, why not spend a holiday in Sicily? And if you are in Sicily, watch the goldprice going in your direction.
And like always in such situations, the gold profits.