Salient to Investors: Bets on rising gold prices rose to the highest since March. Combined bets on 18 U.S. commodities is still near the highest in 15 months. Dan Denbow at USAA Precious Metals & Minerals Fund said putting more money into the economy is always good news for gold James Dailey at TEAM
READ MORE... →Salient to Investors: Speculators increased bets on commodities for a record eighth consecutive week and double year’s low on June 5 . Hedge funds upped net-long positions in 18 U.S. futures and options by 4.9 percent. Gold holdings climbed by the most since November 2008, cocoa bets reached a one-year high. instant credit no credit check U.S. service
READ MORE... →Salient to Investors: Phil Streible at R.J. O’Brien & Associates said traders think the Fed is watching the unemployment rate very closely, and that will determine the timing of the stimulus. Read the full article at http://www.bloomberg.com/news/2012-08-03/gold-pares-worst-weekly-performance-in-six-before-u-s-jobs-data.html
READ MORE... →Salient to Investors: Phil Streible at R.J. O’Brien & Associates said gold is under pressure because the U.S. economy is showing no signs of strength, while people are moving to the dollar on very little expectation Europe will find a solution. Scott Gardner at Verdmont Capital said deflation concerns have returned to the forefront,
READ MORE... →Salient to Investors: Global investors are buying emerging-market debt and shares of well capitalized companies. Anne Richards at Aberdeen Asset Management likes balance sheet strength, says many European equities are high risk and U.S. Treasuries are overvalued. Richards says investors are underestimating the health of Asian issuers – Likes Indonesian sovereign debt, Latin American
READ MORE... →Salient to Investors: Mark O’Byrne at GoldCore says demand picked up in the last month, and sees no resolution to the Europe crisis in the short-term. ETP holdings is within 0.1 percent of the record set in March. Russia, Turkey, Ukraine and Kazakhstan expanded gold reserves by a combined 25 tons in May. Edel Tully at
READ MORE... →Salient to Investors: Adam Klopfenstein at Archer Financial Services said the Chinese news is positive for gold, though gains will be limited as some investors are waiting for some kind of statement from the European leaders. Read the full article at http://www.bloomberg.com/news/2012-06-27/gold-may-advance-before-european-summit-as-investors-seek-haven.html
READ MORE... →Salient to Investors: Hedge funds et al raised net-long positions across 18 U.S. futures and options last week, the highest in four weeks and the first consecutive gain since the end of February. Commodities slumped into a bear market June 21. Jeffrey Sherman at DoubleLine Capital expects volatility in commodities as people
READ MORE... →Salient to Investors: Investor Jim Pogoda said just extending Operation Twist was seen as not enough to keep positive momentum in gold, which will attract some safe haven investment as the focus turn quickly back to debt troubles in Europe. Nick Moore at Royal Bank of Scotland Group said global financial market risks abound and
READ MORE... →Salient to Investors: Standard & Poor’s GSCI Spot Index down 22 percent from 2012 highest close, entering a bear market. James Steel HSBC Securities (USA) said near-term momentum may take prices lower, but it would create a buying opportunity. Read the full article at http://www.bloomberg.com/news/2012-06-20/gold-set-to-rebound-on-expectation-fed-will-stimulate-economy.html
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