Salient to Investors: Mark Mobius at Templeton Emerging Markets said the dissonance between actual demand and the derivative market is causing gold price volatility, but long-term rising physical demand determines prices and they will trend upwards. Read the full article at http://www.bloomberg.com/video/mobius-gold-prices-to-rise-in-long-term-IQBRF2vPQ7uZSFxx5Fk~4g.html Click here to receive free and immediate email alerts of the latest
READ MORE... →Salient to Investors: David Einhorn at Greenlight Capital Re lowered the reinsurer’s gold and commodities holdings in Q2, and was 90 percent in stocks at the end of June. Greenlight said the stock market’s rapid advance is creating a potentially unstable condition which could resolve a number of ways and is difficult to
READ MORE... →Salient to Investors: Hedge funds et al increased their net-long position in gold futures and options for the 4th consecutive week and the longest streak since October, while more than doubling bets on lower corn prices to a record net-short holding. Jeffrey Currie et al at Goldman Sachs said gold will decline
READ MORE... →Salient to Investors: Demand for physical precious metals is increasing among Asia’s wealthy even as silver leads declines this year. Investors in silver are mostly private individuals, investors in gold are mostly institutions. 50 percent of silver is used in industry, versus 10 percent for gold. Cap Gemini and Royal Bank of Canada
READ MORE... →Salient to Investors: Dominic Schnider at UBS said an ounce of gold will be worth 70 ounces of silver by the end of 2013 as demand fails to soak up an excess of silver. The average multiple over the past decade is 58, and last reached 70 in February 2010. Schnider said silver
READ MORE... →Salient to Investors: Jim Rogers said: Agriculture will enjoy an extended boom,Very bullish about farmland and other agricultural products. Bearish on Wall Street brokers and Ivy League professors. The central corridor from north Texas up to the Dakotas has the highest growth rates in employment, income growth and savings in
READ MORE... →Salient to Investors: Suki Cooper at Barclays said commodity assets under management fell to a 32-month low in June driven primarily by a decline in gold-backed ETPs assets to a 3-year low, though other commodity assets have been much more stable. Cooper said gold and silver face the most downside
READ MORE... →Salient to Investors: Jim Rogers writes: I don’t own gold mining stocks. There are many other easier ways to own gold. Miners have stiff competition from many different coins, ETFs, ETNs, and futures. Read the full article at http://www.jimrogers.info/2013/07/jim-rogers-says-he-doesnt-own-gold.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Jim rogers writes: Gold miners have a very difficult time ahead of them. One study determined that more money has been lost in gold mining shares than any other industry in America including airlines and railroads. Read the full article at http://www.jimrogers.info/2013/07/gold-miners-have-difficult-time-ahead.html Click here to receive free and immediate
READ MORE... →Salient to Investors: The median estimates of 10 importers, jewelers, analysts and trade groups expects gold imports to drop 22 percent in half2 2013. Goldman Sachs predicts gold will reach $1,050 by end of 2014, and Credit Suisse predicts $1,150 in a year. Rajesh Mehta at Rajesh Exports said demand will
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