Salient to Investors: Hedge funds are making the biggest bet against copper on record as global inventories expand to a 9-year high, while concern that Europe’s debt crisis will spread spurred the biggest gain in gold bets since 2008. Jack Ablin at BMO Private Bank cites unprecedented stockpiles of copper and other metals
READ MORE... →Salient to Investors: Mark O’Byrne at GoldCore said there is a dawning realization that the crisis is far from over in Europe, while ultra-loose monetary policies will continue for the foreseeable future pushing up gold prices. Adrian Day at Adrian Day Asset Mgmt said gold will continue its slow but
READ MORE... →Salient to Investors: Argentines are buying more gold than ever to preserve the value of their savings as economists forecast the peso will depreciate 12.9 percent through year-end and the government bans most dollar purchases. Sebastian Porcel at Global Agro said investors see gold futures as a good option to dollarize their portfolios.
READ MORE... →Salient to Investors: Harry Dent and Rodney Johnson write: We are entering the last stage of the 80-year New Economy Cycle Commodities topped in 1920, 1951 and 1980. The spending cycle is 39 years and the commodities cycle is 30 years. Gold will fall to $750 The US economy will
READ MORE... →Salient to Investors: Howard Wen at HSBC Securities (USA) said easier global monetary policies have positive ramifications for gold, and the key support for prices has been the emergence of Chinese physical buyers. Read the full article at http://www.bloomberg.com/news/2013-03-13/gold-trades-near-two-week-high-on-stimulus-rising-asian-demand.html Free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Investors sold $5.4 billion of gold ETFs in February, the most since their creation in 2003. Credit Suisse and Barclays say the 12-year gold rally will peak in 2013. Credit Suisse said gold is significantly overvalued and unlikely to return to its September 2011 record of $1,921.15.
READ MORE... →Salient to Investors: Lance Roberts at Streettalk Advisors said it seems accommodative monetary policies are here for some time. Standard Bank said physical gold demand picked up markedly below $1,600. Read the full article at http://www.bloomberg.com/news/2013-03-04/gold-snaps-three-day-decline-as-data-signals-extended-stimulus.html Free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Goldman Sachs said gold’s cycle has turned as the US economy gathers momentum, and cut its 3-month forecast to $1,615 from $1,825 and expects $1,550 in a year’s time. Hedge funds are the least bullish on gold since 2008. Adrian Day at Adrian Day Asset Mgmt said confidence
READ MORE... →Salient to Investors: Gold futures are heading for the longest run of monthly declines in 16 years. Gold ETF holdings fell to a five-month low. Vedant Mimani at Atyant Capital Mgmt said the safe-haven premium is definitely falling. Credit Suisse said investors tend to buy less gold in an environment where
READ MORE... →Salient to Investors: The gold-mining industry has underperformed bullion for each of the past 6 years. The weight of gold behind ETFs has quadrupled to 2,530 tons since the start of 2007. Neil Gregson at JPMorgan Asset Mgmt said the industry has done nothing to persuade investors that hold gold ETFs to buy gold
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