Salient to Investors:
Rob Haworth at US Bank Wealth Mgmt said 2012 saw much liquidating by hedge funds, but there’s an incentive to reverse that because of growth in emerging markets and especially China – it’s going to be a good year for commodities.
The median economist expects China to accelerate for at least the next 6 months.
Ric Deverell et al at Credit Suisse says the “acute phase” of the global economic slowdown may be ending, boosting prospects for commodities.
Stanley Crouch at Aegis Capital said an end to central-bank stimulus would probably mean lower commodity prices.
Moody’s Investors Service said the budget accord won’t cut deficits enough to avoid a sovereign-rating downgrade.
Donald Selkin at National Securities Corp. said Fed stimulus has been tremendously important for commodities prices, and people are selling with the perception that it’s coming to an end.
Mohamed El-Erian at Pimco said the payrolls report signals that the Fed will still be engaged.
JPMorgan Chase said gold will keep dropping and ended their Buy recommendation.
Michael Cuggino at Pacific Heights Asset Mgmt said the outlook is good for commodity prices given the expectation for easy money and currency devaluation and global economic recovery. Ciggino said both liquidity and the devaluation of currencies is increasing, which is bullish for commodities.
Read the full article at http://www.bloomberg.com/news/2013-01-06/bulls-boost-wagers-as-prices-rally-for-fourth-week-commodities.html.
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