Salient to Investors: Jeffrey Gundlach at DoubleLine Capital says: The first phase of the coming debacle was the 27-year buildup of corporate, personal and sovereign debt to 2008. The third phase will be deeply indebted countries and companies defaulting sometime after 2013. Buy gemstones, art and commercial real estate and other hard assets. Chinese
READ MORE... →Salient to Investors: Bill O’Neill at Merrill Lynch Wealth Mgmt said: He owns gold for diversification and catastrophe insurance, and expects prices to rise above $2,000 in 2013. Prospects for industrial metals are dim due to a lack of clarity on demand from China, their inventory levels. Global growth will improve slightly next year to 3.2
READ MORE... →Salient to Investors: Gold is headed for a 12th consecutive annual gain, the longest streak in data going back to 1920. Bullion held through ETPs reached a record 2,603.7 tons on Nov. 16, exceeding the official reserves of every nation except the U.S. and Germany. Investors bought 247 metric tons through
READ MORE... →Salient to Investors: Justin Smirk at Westpac Banking focuses primarily on economic cycles, central banks and financial markets to make commodity predictions. He says: Industrial metals will rally through June 2013 as the economy strengthens in China. China’s economy is at a turning point both for policy and inventories, said We are at the worst
READ MORE... →Salient to Investors: Raymond Key at Deutsche Bank said gold will rise to a record above $2,000 an ounce in 2013 as central banks continue to print money, but don’t expect too much as the rally is maturing. Jeremy East at Standard Chartered said gold will be the best performing metal, driven by the ETF.
READ MORE... →Salient to Investors: CTFC said hedge funds et al cut combined net-long positions across 18 U.S. futures and options by the most since June 5 and for the fifth week, the longest slump since April. Gold wagers fell to the lowest since August. Adam De Chiara at CoreCommodity Mgmt said the tailwind
READ MORE... →Salient to Investors: A Bloomberg Industries index of 20 mid-tier gold miners has risen 1.3 percent in the past 3 versus a 19 percent decline in an index of 14 senior gold miners. Craig West at GMP Securities said intermediate gold miners offer more upside. Read the full article at http://www.bloomberg.com/news/2012-11-09/barrick-gold-s-former-chief-sees-virtue-in-being-small.html
READ MORE... →Salient to Investors: Gold traders are the most bullish since Aug. 24. ETP holdings account for almost a year of mine production. Gold rose 70 percent as the Fed bought $2.3 trillion of debt in two rounds of quantitative easing from December 2008 through June 2011. Gold is headed for a 12th
READ MORE... →Salient to Investors: Fred Schoenstein at Heraeus Precious Metals Management is bullish on gold because we’ll have quantitative easing for a while, though gold is squelched for the moment because the jobless numbers were better than expected. Read the full article at http://www.bloomberg.com/news/2012-11-08/gold-rises-as-investors-increase-etp-holdings-to-all-time-high.html
READ MORE... →Salient to Investors: Gold traders are the most bullish in 10 weeks. Holdings in gold-backed exchange-traded products gained the past three months to a record, the best run since August 2011. Options traders are bullish. Gold is heading for a 12th straight annual gain, the longest winning streak in at least
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