Salient to Investors: Gold typically takes a breather in relative returns to the S&P500 in October and December, has been a stellar outperformer in November. Silver has historically outperformed the S&P 500 in October and November, but underperformed in December. Q4 is fairly strong seasonally for gold and silver. Read the full article at http://seekingalpha.com/article/892241-silver-may-prove-a-better-bet-than-gold-in-q4?source=intbrokers_regular
READ MORE... →Salient to Investors: Expect the market to consolidate before the next QE-driven euphoric market advance. The market does not necessarily react immediately to liquidity-driven catalysts. Stocks traded higher for nine days after Lehman collapsed before the sell off began. Stocks initially trade lower once they receive QE from the Fed. A slowing global economy,
READ MORE... →Salient to Investors: Gold is set for its biggest quarterly rise since Q2 2010. Sun Yonggang at Everbright Futures said the poor economic backdrop will keep up global stimulus measures which benefits gold – the next bad news or more stimulus will take it past $1,800. Kazakhstan expanded gold reserves for a 13th month in August, South Korea
READ MORE... →Salient to Investors: Malcolm Polley at Stewart Capital said things won’t improve as fast as people think, and Fed’s actions won’t lead to higher growth. FRB of Philadelphia President Charles Plosser said this months new bond buying by the Fed won’t boost growth or hiring and may jeopardize Fed credibility. The Dow is 5.3 percent from its
READ MORE... →Salient to Investors: Ray Dalio of Bridgewater Associates said: The euro will survive because austerity measures deterring growth will be balanced by ECB intervention, says southern Europe will suffer a managed depression lasting as long as 15 years. Countries in northern Europe are more likely to leave the euro currency bloc than indebted countries in the
READ MORE... →Salient to Investors: Mark Smallwood at Deutsche Bank said gold is increasingly being used as a monetary instrument as more high net-worth individuals seek to protect their wealth from the risk of rising inflation, with an increased preference for physical holdings. Holdings in gold-backed exchange-traded products reached an all-time high yesterday. Bank of America said
READ MORE... →Salient to Investors: Bloomberg reports the overall bullish outlook of analysts extended for an 18th week. Buyers bought the more exchange traded products this quarter than in two years. Hedge funds et al more than doubled net-long position since July 24 to the most since Feb. 28. Bank of America predicts gold at $2,000 by
READ MORE... →Salient to Investors: Bernard Sin at MKS Finance said gold is boosted by any form of quantitative easing and will trend higher. Read the full article at http://www.bloomberg.com/news/2012-09-19/gold-declines-as-rally-spurs-sales-platinum-extends-drop.html
READ MORE... →Salient to Investors: Walter Hellwig at BB&T Wealth Management sees a commodity owner’s dream come true in terms of open-ended quantitative easing.. Sterling Smith at Citigroup Global Markets said gold, a pure currency, is the most interesting and most favored in quantitative easing. Jason Schenker at Prestige Economics said the Fed’s gradual increase in stimulus is long-term bullish
READ MORE... →Salient to Investors: Walter de Wet at Standard Bank said gold has strong resistance at $1,700. Thomson Reuters GFMS predicts gold will rise above $1,800 by year-end as central banks stimulate. Read the full article at http://www.bloomberg.com/news/2012-09-05/gold-drops-from-five-month-high-before-ecb-meeting-silver-falls.html
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