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>> SOCIETE GENERALE Latest News

JAN 09, 2013 - Business Insider

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SocGen Offers A Surprising Forecast For Gold Under A Chinese Hard Landing Scenario (GLD, CPER)

China exerts a massive amount influence on commodity markets.  It is said to account for 40 percent of base metal consumption and 23 percent of major agricultural commodities, according to an IMF working paper by Shaun Roache. It's an even bigger market for commodities than the U.S. And since a Chinese hard landing isn't completely off the table, it's worth considering how this would impact commodities. In a new note titled "What If China Lands Hard?" Societe Generale's head of commodities research, Michael Haigh writes, that a Chinese hard landing would both lower demand and hurt ... Read More

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