Salient to Investors: Investors pulled the most money from US ETPs backed by raw materials since April. US corn and soybean crops are the biggest ever, global stockpiles of nickel are at an all-time high, the US is producing the most oil since 1986, while China is headed for its slowest
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: Copper is heading for the longest losing streak since at least April 1986 on signs of weakening demand. Bill O’Neill at Logic Advisors said the supply demand equation is still leaning to the bearish side. Goldman Sachs said global supply will exceed demand by 385,000 tons this
READ MORE... →Salient to Investors: Lewis Braham writes: Contrarian funds can be a hedge of sorts, though a potentially volatile one as out-of-favor sectors tend to be cyclical and prone to booms and busts. Shorting is inherently dangerous as markets have been trending higher. Brian Singer at William Blair Macro Allocation Fund
READ MORE... →Salient to Investors: Noah Weisberger at Goldman Sachs said: The Hang Seng China Enterprises Index will rise 18 percent to 13,600 by the end of 2014, the biggest gain since a rise of 62 percent in 2009, on prospects the economy will stabilize. Commodities will lag the rally in equities.
READ MORE... →Salient to Investors: Bill O’Neill at UBS Wealth Mgmt said the story is still the combination of easy money policies and expectations of growth into 2014 and that growth is on the horizon. The Investment Companies Institute reports individual investors gave $30 billion to managers in 2013, the first net
READ MORE... →Salient to Investors: History suggests the commodity slump will deepen by the end of December as prices head for their first annual loss since 2008. Since 1971, the S&P GSCI Spot Index fell in December 83 percent of the time whenever it was losing for the year through November. EPFR
READ MORE... →Salient to Investors: A new martensite metal is the prototype of a new family of smart materials that can change shape tens of thousands of times when heated and cooled without degrading, unlike existing technology. Currently, martensite metals are made of an alloy of nickel and titanium but after repeated
READ MORE... →Salient to Investors: Jeremy Grantham at GMO said: Commodity prices fell for a hundred years by an average of 70 percent, and then from 2002 basically everything tripled and regained the whole decline in 6 years – tobacco was the only commodity that fell. The game changed because of the
READ MORE... →Salient to Investors: Hedge funds cut net-long gold positions by the most since June. while holdings of short contracts rose 26 percent. Net-bullish bets across 18 US-traded raw materials dropped to the lowest since March and a measure of bets on agricultural commodities turned negative for the first time. Holdings in global ETPs backed
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