“OPPORTUNITY KNOCKS” SAYS ROSLAND CAPITAL’S SENIOR ECONOMIC ADVISOR JEFFREY NICHOLS
NEW YORK (July 6, 2010) – Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following commentary based on recent market activity and the week ahead: Asian investors, jewelry manufacturers and possibly a few central banks are already using the late-June/early-July sell-off in gold as an opportunity to step up buying. Leading the charge early this week to acquire gold on the cheap near or below $1200 an ounce have been dealers and investors in India, China, Thailand and Indonesia. We think U.S. and European investors would be wise to follow