Recently Nomura had a poll and it states that gold is investors' favourite asset for 2012. Does it make sense? I do not think so as the year has just begun. How are you going to make such a statement when 11 out of 365 has just passed?
Anyway I believe it would do Nomura good as the have a holdings in SPDR Gold Trust of 1.54% (their holdings as of Q3 2011) of their total portfolio. With such a poll result (which might have been manipulated), they are bound to get some investors to buy it and when enough paper profit is realised, they will take profit by selling.
Smart strategy indeed.
Anyway I believe it would do Nomura good as the have a holdings in SPDR Gold Trust of 1.54% (their holdings as of Q3 2011) of their total portfolio. With such a poll result (which might have been manipulated), they are bound to get some investors to buy it and when enough paper profit is realised, they will take profit by selling.
Smart strategy indeed.
