Salient to Investors: Gold shipments to China from Hong Kong rose in October to the second-highest on record, while purchases in the first 10 months of 2013 were more than doubling a year earlier. The World Gold Council said China is on course to overtake India as the world’s biggest
READ MORE... →Salient to Investors: Barclays and Credit Suisse are predicting lower commodity prices as supplies increase. Dan Heckman at US Bank Wealth Mgmt said the US economy is showing ample signs of growing, and so the Fed will start looking at tapering by early next year. Heckman is underweight on commodities
READ MORE... →Salient to Investors: The median estimates of the 10 most-accurate precious metals analysts tracked by Bloomberg over the past 2 years predicts gold will drop to an average $1,250 in Q4 2013, $1,225 in Q1 2014, $1,195 in Q2 2014, and a 4-year low of $1,175 in Q3 2014 due
READ MORE... →Salient to Investors: A new martensite metal is the prototype of a new family of smart materials that can change shape tens of thousands of times when heated and cooled without degrading, unlike existing technology. Currently, martensite metals are made of an alloy of nickel and titanium but after repeated
READ MORE... →Salient to Investors: Bill O’Neill at Logic Advisors said gold futures may rebound to $1,425 in Q4 after forming a double bottom, and supported by political uncertainty and physical demand. Holdings in gold ETPs dropped to the lowest since May 2010. Read the full article at http://www.bloomberg.com/news/2013-10-02/gold-double-bottom-signals-rally-to-1-425-technical-analysis.html words follow consumer
READ MORE... →Salient to Investors: Jim Rogers said: I am long oil, gold etc which will go much higher if there is going to be a war – it sounds like they want one. Stocks will go down, some are already falling, commodities will rise. Read the full article at http://blogjimrogers.blogspot.com/2013/09/jim-rogers-owns-oil-gold.html Click here to
READ MORE... →Salient to Investors: Hedge funds et al cut long contracts to the lowest since June 25. EPFR Global said money managers added the most since October 2012 to gold funds last week, while inflows for commodity funds were the most since November 2012. Evestment said assets managed by commodity hedge
READ MORE... →Salient to Investors: Jim Rogers said that if Indians see that they are better off investing their money in gold, that is what they will do, do the solution is not to ban gold but to make the economy exciting enough to make people want to invest elsewhere. Read the full
READ MORE... →Salient to Investors: Jeffrey Currie at Goldman Sachs said their 3 and 6-month targets for gold is $1,300 and then decline to $1,050 in 2014 as the Fed tapers and economic data improve, perhaps to below $1,000. Currie said Goldman expects an initial reduction of $10 billion a month in
READ MORE... →Salient to Investors: Jim Rogers writes: The primary reason for the correction in gold prices, other than it needed to, was because Indian politicians suddenly and outrageously blamed their problems on gold. India is the largest importer of gold, so whenever the largest buyer of any commodity cuts back, there
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