Saturday 22, September 2012 by Gerhard Schubert
Precious metals report: A quieter week
The gold market, it seems, is still very much looking towards the upside but the amassing of long positions from long term holders and from short term speculative participants make us wary of a short term “wash out.” It looks like everybody who has any reason wanting to be long is already long and the question is who or what will be the spark to initiate even more follow-on buying at this stage.
Commercial Banking
Two Bahraini banks in merger talks as consolidation…
Bahrain's Al Salam Bank and BMI Bank, an affiliate of Oman's Bank Muscat, have announced plans to merge, a tie-up which would create… read more
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