http://www.pinkinvestments.org Commentary on the state of the international investment scene. en-us 2012-02-05 Custom webmaster@pinkinvestments.org webmaster@pinkinvestments.org http://www.pinkinvestments.org Market Update - June 30th 2010  June has been a meandering month for stocks. There have been a few short rallies only to be followed by a return to downward pressure on the markets. Uncertainty is the big factor. The European debt crisis continues as a concern, with German - bloc creditors unlikely to keep footing the bill for the ever growing number of mediterranean debtors! The UK is not much better off - an austerity budget harping back to the 70s was ushered in on 22nd June. The BP oil spill in the US remains a huge environmental threat. This backdrop has helped push gold up above $1260 an ounce. Demand for gold in China is likely to grow after the Chinese announced they will be more flexible and unwind the US dollar peg from its currency, the Yuan. Goldman Sachs tipped gold to hit $1400 this year.        See our member newsletter for all the details...     2010-06-30 http://www.pinkinvestments.org