Salient to Investors: Gold has been below its 200-day moving average since February 11, the longest streak since the 8 months to March 2001. Last week, holdings in gold ETPs fell 25 percent since peaking in December to the lowest in more than 3 years. Clive Lambert at FuturesTechs.com said gold
READ MORE... →Salient to Investors: Jim Rogers writes: You usually don’t hit a true bottom until most of those people get washed out. Gold will eventually make new highs as its bull market’s not over. Read the full article at http://www.jimrogers.info/2013/07/gold-is-going-to-eventually-make-new.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Dan Denbow at USAA Precious Metals & Minerals Fund said Bernanke’s comments put positive feeling back into gold and all commodities. Standard Chartered said the cost of borrowing gold reached a 4 1/2-year high in London last week, and may be a bullish – gold may rally above $1,400
READ MORE... →Salient to Investors: Jim Rogers writes: Things can stay below the cost of production for years. It takes a long time for people to believe they have to close their mines, which costs money. So any commodity can stay below the cost of production for a while. Read the full
READ MORE... →Salient to Investors: Carlos Perez-Santalla at Marex North America said Bernanke gave the impression that tapering is currently a distant dream LLC, while today’s data further cements the fact that the economy has not completely recovered. David Govett at Marex Spectron said gold sentiment will now be to the upside, and
READ MORE... →Salient to Investors: Crude oil is trading at the highest price relative to gold in more than 4 years. John Stephenson at First Asset Investment Mgmt said oil has real supply and demand dynamics, and there is a strong argument for prices holding up because the US has clearly has
READ MORE... →Salient to Investors: Money managers increased their net-long positions in gold and holdings of short contracts climbed to the second-highest on record. Jeffrey Sherman at DoubleLine Capital said people want to own gold for a myriad of reasons, but the lack of inflation and a strong dollar are gold headwinds
READ MORE... →Salient to Investors: Half2 gold price gains averaged 1.3 percent in the bear market from 1981 to 2000, versus half 1 losses averaging 3.9 percent. Bernard Sin at MKS said the physical trend has always been very seasonal, as physical players are a different breed and always buy on the dip.
READ MORE... →Salient to Investors: Jim Rogers writes: Long bull markets always end in a bubble or mania. We have not seen a bubble in gold. Until recently, you would see “We buy gold” but signs “We sell gold” has not happened yet. Read the full article at http://www.jimrogers.info/2013_07_01_archive.html Click here to receive free and
READ MORE... →Salient to Investors: Dennis Gartman writes: Understanding both market technicals and fundamentals is vital. When you both the technicals and the fundamentals are pointing in the same direction, you will probably succeed. Always look at “box”, which delineates the 50% to 62% retracement of the previous rally or big decline. Gold
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