Salient to Investors: IEA said global oil demand growth in 2014 will be the weakest since 2011, as the US shale boom causes oil production from non-OPEC rises by the most since the 1980s. China will account for 11%, the US 21% of demand in 2014. Mike Wittner at Societe
READ MORE... →Salient to Investors: Dorab Mistry at Godrej Intl said: Palm oil at a 5-year low creates a buying opportunity for plantation and processing company stocks because producers are still making money. Invest in plantations when palm oil prices are low. In Q4, 2008, when in a similar situation with regard to supply,
READ MORE... →Salient to Investors: Most oil drillers are spending money faster than they make it; an average of $1.17 for every dollar earned in the 12 months ended on June 30, 2014. Only 7 US-listed firms in the Bloomberg Intelligence’s E&P index made more money than it cost them to keep
READ MORE... →Salient to Investors: Andrew John Hall at Astenbeck Capital Mgmt said: The shale-oil boom will not mean long-term cheap, abundant energy because it will play out far sooner than many analysts expect, resulting in a steady increase in oil prices to as much as $150 a barrel in 5 years or
READ MORE... →Salient to Investors: Gold prices and gold ETP holdings have the most-negative correlation since 2004, making the latter less useful as market predictors.. Mark Luschini at Janney Montgomery Scott said the disconnect is because a lot of money has left. Comex open interest fell to a 5-yr low this month and volatility
READ MORE... →Salient to Investors: IMF data show: Central banks lowered world gold reserves for a second month by May. Russia, Kyrgyzstan, Tajikistan, Serbia, Greece and Ecuador boosted gold reserves in June. Turkey increased its gold holdings in May. Germany lowered its holdings in June. Hedge funds almost doubled their net-long positions
READ MORE... →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
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