Platinum rose in Europe, but then traded dead flat through the whole New York day, ending at $2006/oz., up $7. For the week, platinum shed 7.6%.

Like gold, silver bottomed at the London open and rallied through the NYMEX, then traded flat to close at $16.87/oz., up 27 cents. For the week, silver plunged 7.3%.
(Click here for charts)

It was a bit of a relief for the precious metals fanciers, as the objects of their affection ended a dismal week on an up note.

The metals got a boost from the usual suspects, albeit a small one, as the euro inched higher against the dollar and oil rebounded to claw its way higher.

Some analysts were attributing Friday’s gold action to a technical bounce, but others were of the mind that that the improved macro economic outlook could have generated a bit of bottom fishing. The day’s data, while mildly positive, was not good enough to send the dollar markedly higher and slam gold again.

However, the week’s oil price volatility does leave some nagging questions to overhang the gold market heading into Monday’s trading.

Noting that yes, there was “a sharp sell off due to profit taking, dollar strength and oil weakness,” Mark O’Byrne, of Gold and Silver Investments Ltd., went on to write that, “these would seem to be short-term phenomena and the primary trends in oil and the dollar remain up and down, respectively, which should result in gold being well supported above $850 per ounce.”

O’Byrne concluded by saying that, “Inflation and stagflation are now stalking developed western economies and developing and emerging markets alike — and this bodes well for gold in the long term as it was in the 1970s.”

Meanwhile, silver remained in the lower segment of its May price range as copper, which it often follows, continues to struggle. Analysts remain concerned about the delicate balance engendered by the slowing economy.

On the one hand, the slowdown will keep a lid on the dollar, which is positive for all precious metals, but on the other, if the slump is too deep or prolonged, silver, as an industrial metal, will suffer.

Source: Gold, Silver End Week on an Up Note – Bounce May Have Been Technical, Tho. 

A new world order is arising… and coming with it is the opportunity to invest in a “corporation” that will dominate the world (literally) by the year 2035.

Investors and politicians who fail to grasp the sheer scale of the change we’re about to witness are going to find themselves consigned to the dustbin of history.

The foreign ministers of the four largest emerging economies will meet in the Russian city of Yekaterinburg tomorrow. They’re meeting to talk about forming a political alliance. Apart from Russia itself, the foreign ministers of India, China and Brazil are going to be attending… the so-called BRIC countries.

Now, you might think that the foreign ministers of these big countries meet-up often enough, so what’s one more meeting in a small city in the middle of nowhere? In fact, this is the first time the foreign ministers of the BRIC countries are getting together outside the venue of the United Nations.

On the agenda tomorrow are issues like: weapons proliferation, counter-terrorism, energy and climate change. Russia says it wants the BRIC’s to become a “notable factor in multilateral diplomacy,” to help strengthen “multi-polarity.” In other words, what they want is to break “Western”/ American hegemony in economic and political affairs.

What’s given them the audacity to come-up with this world-changing agenda right now, is how quickly economic power is shifting to the emerging economies. As Brazil’s foreign minister, Celso Amorim, said, “The meeting is recognition of the fact that we are four big economies with a large influence in the world.”

Investing in BRICs has been wildly profitable… and this is just the beginning…

And he’s spot-on. Just look at the facts.

China is expected to overtake Germany as the third-largest economy this year, according to the IMF. Russia has had 10 straight years of economic growth and is now the world’s biggest energy exporter. Brazil is the second biggest food producer globally, after the U.S. And it is now producing so much oil that it is talking about joining the OPEC oil cartel. The Bush administration is ripping its hair out at the thought – because it practically guarantees that higher oil prices are here to stay. (I’ll say more about that some other time…)

The combined gross domestic product of the four BRIC nations made up 12 per cent of global GDP last year. That’s up from just 8 per cent in 2000. That’s impressive enough, but these countries still have a long way to go. Goldman Sachs predicts that the BRIC economies, as a whole, could overtake the G-7 countries by 2035. Most of us will be around to see that happen. And, here at Profit Hunter, we are positioning our portfolio to profit from that shift.

The rapid rise of the BRICs has been fantastic news for early investors in those markets. In the past two years, shares in the BRIC nations have risen by 70 percent – and that’s after the recent declines. The average increase in emerging markets overall was 42 per cent.

How Goldman Sachs destroyed American hegemony.

The irony of this is that the idea of the BRIC countries as a unified group didn’t start with the politicians. The term was coined in 2001 by Jim O’Neill, the London-based chief global economist at American merchant bank Goldman Sachs. It was a catchy label for the biggest emerging markets at that time. But it has taken on a life of its own since then…

Brazil’s Foreign Minister Celso Amorim observed in a recent interview, “It’s really a group that first existed as a concept in the minds of analysts and subsequently came to exist as a practice between the countries.”

The BRICS alone aren’t big enough to dominate global affairs, though. But they probably won’t be acting alone. The new group will probably evolve into the core of a new alliance of emerging countries.

Frontier markets are riding on their coat tails and they’re about to rake it in…

So we can already see the emergence of the new world order taking shape. But, in many ways, it isn’t really the BRICs that excite me. It’s the spillover effect that these economic giants are having on the countries that surround them that we are focused. Countries like Vietnam, or a whole continent like Africa.

These are the new economic frontier. They’re riding on the coat-tails of the BRICs. But they’re in the very earliest stages of their economic booms. Getting in now is like getting into a lift on the ground floor and riding it all the way to the top. That’s why I get so excited when I talk about opportunities like Vietnam or Africa.

There isn’t much point in talking about the rise of the BRICs or the frontier economies if you aren’t in a position to profit from it though. Fortunately, regular Profit Hunter readers will be. At Profit Hunter we are invested in one of the most promising of the frontier markets, Vietnam. And we are playing Africa’s economic awakening through a great pan-African conglomerate. We recently claimed a fat 58% profit on our investment in Brazilian bank, Bacno Itau and are in Russia’s fast-growing economy through a cunning Russian conglomerate.

In fact I’m spoilt for choice regarding which of these emerging market opportunities I’d like to tell you about.

Let me start off with Africa… and how we’ve invested in one small British company that’s holding America to ransom over $135 billion dollars worth of African oil.

Oh… and the share price of this small British company is currently trading for pennies… Learn more about this amazing story here…

Regards,

Manraaj Singh
Editor
Profit Hunter

Source: BRIC -Brazil, Russia, India, China- Get In ‘Now’ For a 30 Year Boom