Salient to Investors: Morgan Stanley predicted increased demand in China. Rachel Zhang said major copper end-demand market indicators are all improving, while inventories remain low, so expect restocking in the next couple of months. Australia said prices on average will fall 2 percent in 2013 as stockpiles expand. Read the full article
READ MORE... →Salient to Investors: Jeremy Grantham at Grantham Mayo Van Otterloo says: The US is muddling through reasonably well in the short-term, but long-term we are in a slowdown unappreciated by most economists – because they are not interested in the long-term. US growth won’t ever return to previous levels because
READ MORE... →Salient to Investors: Copper analysts are the most bullish in 5 weeks on optimism the global economy is strengthening versus hedge funds the most bearish since August. Goldman Sachs recommended buying copper for a 16 percent gain to $9000 in 6 months as China copper imports increase. Barclays says China
READ MORE... →Salient to Investors: Copper imports by China fell to the lowest level in 20 months. Louis Kuijs at Royal Bank of Scotland said data in the first two months of 2013 are distorted by the timing of the Chinese New Year holiday. Fang Junfeng at Shanghai Cifco Futures said the holiday is the main factor for
READ MORE... →Salient to Investors: Hedge funds et al boosted net-long positions across 18 US futures and options last week, marking the longest stretch of gains in more than 6 months. Michael Strauss at Commonfund said economically sensitive commodities will do well in a favorable global environment for commodities. The Intl Copper Study Group and Johnson Matthey estimate the
READ MORE... →Salient to Investors: Peter Sorrentino at Huntington Asset Advisors is positive on commodities going forward as investors are pumping in money and growth expectations for China are starting to rise. Nic Johnson at Pimco said the rally will continue in 2013 on improving growth prospects, which should reinforce inflows . Copper traders are the
READ MORE... →Salient to Investors: Copper traders are bullish for a third consecutive week on the fastest expansion in Chinese manufacturing in two years. ETF Securities said $28 million went into its ETFS Physical Copper ETP last week, the most since its introduction in 2010. Barclays said China consumes 42 percent of the world’s copper,
READ MORE... →Salient to Investors: Shane Brett at AllAboutAlpha writes: The long-term outlook for the US economy is broadly positive with housing stabilized, consumer confidence slowly returning, political instability solved by Obama’s decisive win, and as health spending increases under Obamacare. Cheap domestic energy will continue and the US will seriously expand
READ MORE... →Salient to Investors: Harry Fotopoulos writes: Market is in a bullish uptrend, led on increasing volume by economically sensitive sectors, small caps, and emerging markets. The market has confirmed a breakout, and not yet dramatically overbought. Expect a minor correction at any time. Look for gold to make another run
READ MORE... →Salient to Investors: Copper shortages will extend into half1 2013 due to an accelerating China more than doubling the pace of growth in global consumption even as mines extract a record amount of metal. Barclays predicts demand will outpace supply in half 1 2013 by more than all copper in LME warehouses, before a
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