Tuesday 28 September 2010

Annual LBMA Conference Set For Monday, Tuesday

There could be some extra excitement in the air next week as dealers, analysts and others gather in Berlin for the 2010 London Bullion Market Association conference.
Spot gold hit a fresh record high Friday, continuing a 10-year bull run that has seen prices increase by more than five-fold.  A most-active U.S. gold futures contract eked above the much-anticipated $1,300-an-ounce level for the first time, and spot silver hit a 30-year high.

The conference gives participants a chance to talk about the markets, network and attend a number of panel presentations about various topics relating to precious metals.
Keynote speakers at the opening session Monday morning include William White, chairman of the Economic and Development Review Committee with the Organization for Economic Cooperation and Development, and George Magnus, senior economic adviser with UBS.
A program later that morning is titled “Precious Metals Investment – New Paradigm.” It will include Shayne McGuire, director of global research and global fund manager for the Teacher Retirement System of Texas; Graham Birch, former head of natural resources for Blackrock; and Diarmuid O’Hegarty, deputy chief executive of the London Metal Exchange.
The early-afternoon program, “Response from Traditional Markets,” includes GFMS Executive Chairman Philip Klapwijk; Sunil Kashyap, managing director for Bank of Nova Scotia – ScotiaMocatta; and Wolfgang Wrzesniok-Rossbach, head of sales and marketing for Heraeus.
A late-Monday session is titled “Precious Metals Investment – Bubble?” The panel includes Paul Burton, managing director of GFMS World Gold Ltd; Jeffrey Rhodes, CEO of ILNTL Commodities DMCC; and Matthew Turner, precious-metals strategist with Mitsubishi Corp. International (Europe) Plc.
Tuesday morning begins with a program on the Platinum Group Metals. Speakers include Michael Wagner, head of commodities trading for Volkswagen; Emma Townshend, analyst with Renaissance Capital BJM; and Michael Jansen, head of metals research with JPMorgan.
The late-morning program is titled simply: “Presidential Style Debate.” It includes David Gornall, global head of precious metals trading for Natixis; Gerry Schubert, head of precious metals with ABN AMRO Bank N.V.; and Jeremy East, head of metals trading with Standard Chartered Bank.

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