Salient to Investors: George Soros and Louis Moore Bacon cut their stakes in gold ETPs in Q4 2012. Lone Pine Capital and Scout Capital Mgmt sold their entire stakes in the SPDR Gold Trust, but John Paulson maintained his holding. UBS reduced its one-month price target by 6.8 percent, saying economic optimism takes the shine
READ MORE... →Salient to Investors: The World Gold Council said the gap between India, 2012’s biggest gold buyer, and the second-largest consumer, China, narrowed to the smallest ever: together they account for 52 percent of global consumer bullion demand. Marcus Grubb at the Council said India consumption may climb 11 percent to 965 tons in 2013,
READ MORE... →Salient to Investors: David Lennox at Fat Prophets said there’s more confidence in the dollar relative to other trading currencies as confidence grows in US growth. Lennox said a decline in ETP holdings may also pressure gold prices, though price declines may be capped as North Korea conducted its third nuclear test
READ MORE... →Salient to Investors: The median analyst expects gold to advance to $1,825 by the end of 2013. Russia is the world’s largest oil producer and gold buyer. The IMF said Russia added 570 metric tons of gold over the past decade, a quarter more than runner-up China. Tim Ash at Standard Bank
READ MORE... →Salient to Investors: Paul Zemsky at ING Investment Mgmt sees much momentum for stocks even after such a good start to the year: earnings are strong, world economies are bottoming and valuations are attractive. EPFR Global report $39 billion moved into equity mutual funds in 2013, more than double the comparable period in
READ MORE... →Salient to Investors: Vitaly Nesis at Polymetal International said gold will peak above $2,000 and average between $1,700 and $1,800 in 2013 as central banks’ purchases will be the main demand driver. Nesis doesn’t expect investors to switch from gold to silver in 2013 because silver is a less significant asset in the
READ MORE... →Salient to Investors: GDP growth for Q4 2012 was negative and weaker than any forecast in a Bloomberg survey. Tim Evans at Long Leaf Trading said more numbers like this and gold will rally. Sales of American Eagle silver coins rose to a record this month. Read the full article at http://www.bloomberg.com/news/2013-01-30/gold-little-changed-amid-fed-meeting-palladium-at-16-month-high.html Free email alerts
READ MORE... →Salient to Investors: Gold holdings in ETPs are heading for the biggest decline since December 2011. Credit Suisse, Goldman Sachs and other analysts expect gold to peak in 2013 as the global economy rebounds. Feng Liang at GF Futures said the incentive to hold gold is reduced as the global economy
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: Doug Short at Advisor Perspectives writes: Statistics says that 99.7% of all daily movements should fall within three standard deviations of the mean, but Deutsche Bank research shows that three standard deviation movements are not as rare – some instances, like the 2008 financial collapse, happen over 25% of
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