Salient to Investors: Jeffrey Currie at Goldman Sachs predicts gold to fall to $1,050 by year-end as the economy improves and there is more confidence in the recovery, without significant inflationary concerns. Goldman predicts higher interest rates in Q3, 2015. Last week, net-long positions in gold rose to their highest
READ MORE... →Salient to Investors: Hedge funds et al are the most bullish on gold since November 2012. Jeffrey Currie at Goldman Sachs expects $1,050 by year-end as the economy improves. Abhishek Chinchalkar at AnandRathi Commodities said prices are a little overstretched technically as funds are overbought, while gold is vulnerable to
READ MORE... →Salient to Investors: Money managers increased net-long positions in gold for a fourth straight week through July 1 and assets in gold-backed global ETPs are rising at the fastest pace since November 2012. John Kinsey at Caldwell Securities expects further gold strength through 2014. Societe Generale predicts gold prices will
READ MORE... →Salient to Investors: The China Gold Association said the global flow of gold from west to east that helped to make China the world’s largest user at 28 percent of global usage in 2013 will last for up to two decades as rising incomes spur demand. Asia accounted for 63
READ MORE... →Salient to Investors: Quincy Krosby at Prudential Financial is seeing momentum traders come in, while mixed US economic numbers and concerns about slowdown elsewhere have boosted demand for a safe-haven asset. Goldman Sachs in February reiterated gold will fall to $1,050 by year-end, Westpac Banking predicts $1,011 in December. UBS
READ MORE... →Salient to Investors: Hedge funds’ net-long positions of 18 US-traded commodities rose 18 percent last week to the highest since September 2012. Investors tripled the net-long position in arabica coffee this month to the most bullish since May 2011 Barclays said weather is the big driver of commodities. EPFR Global
READ MORE... →Salient to Investors: Jim Rogers said: Precious metals are overdue for a modest rally as everybody got negative and everybody got short. Won’t buy or sell the rally, but wait until later in the yearn when gold will fall and hopefully make a nice bottom around $900-$1100 so we can
READ MORE... →Salient to Investors: Paresh Upadhyaya at Pioneer Investment Mgmt said January was definitely a surprise for investors. Neil Azous agreed. Fixed-income assets worldwide posted their biggest January returns since 2008, while equity prices fell the most since 2010. Gold is rallying. Joseph Quinlan at US Trust Bank of America said this
READ MORE... →Salient to Investors: Jim Rogers writes: The 3 largest components of India’s huge balance of trade deficit are oil, gold and cooking oil. They cannot do anything about oil or cooking oil, so are blaming their problems on gold, which is only a symptom of their problems. Read the full
READ MORE... →Salient to Investors: Gold analysts are the most bullish in a year, while short positions held by hedge funds et al rose almost fourfold from October to December 24th. The US Mint sold 56,000 ounces of American Eagle gold coins in December, the most since June sales gained 14 percent gain
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