Goldman Sachs CEO is Exploring bitcoins

 Remember that folks also were doubtfulwhen paper money displaced gold,"  Goldman Sachs Chief Executive, Blankfein gave notice of on last week

His comment follows a Wall Street Journal report that the investment bank was studying a new investment operation dedicated to bitcoin and other cryptocurrencies in response to customers demand

The plan was in early stages and may not proceed, the  WSJ added, citing sources familiar with the matter.

Blankfein’ remark is in major contrast to comments made by JPMorgan’s Chief Executive,  Jamie Dimon, who defined bitcoin a "fraud".

Speaking at a bank investor conference in New York last month, Dimon said, "The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart."

It is worse than tulips bulbs," Dimon stated, referring to a historical fiancial bubble from the 1600s.


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Forex News: Gold Price June 17 2017 (37)

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SBI is India’s largest lender and ranked among the leading banks in the country. Today gold price in India for 24 karat, 22 karat and 18 karat gold given in Indian rupees. When a price is trading between a defined high and low, moving within these two boundaries without breaking out from them. A situation in which traders are heavily positioned on the short side and a market catalyst causes them to cover (buy) in a hurry, causing a sharp price increase.

From a price action perspective, as noted, EUR/GBP has been falling sharply since early November, after the currency pair broke down below a steep uptrend line that has been in place since June’s UK Referendum. The price of one currency in terms of another, typically used for dealing purposes.

Axcelis has a product called Purion which is finding great demand, and the company projects 2017 revenue to grow 19% over last year. Although it is difficult to predict what the spot price of gold will be, it is important to understand some of the ways it is influenced.

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