Salient to Investors: Speculators boosted bullish gold bets to a 3-month high. Frank Holmes at US Global Investors said gold prices have to rise because of the sheer size of the monetization of global debt – gold is insurance. Jessica Fung at BMO Capital Markets sees very little prospect of
READ MORE... →Salient to Investors: Author Mark Leibovich writes: Washington works extremely well for its most important citizens, the lobbyists. Money has trumped power as the ultimate currency. Atlantic magazine reported in 1974 that only 3 percent of retiring members of Congress became lobbyists. Today, that number is 42 percent for members of the
READ MORE... →Salient to Investors: Goldman Sachs: Lowered its 3- and 12-month return forecasts for the S&P GSCI index of 24 commodities to 2.5 percent in 3 months and 3 percent in 12 months, and cut its near-term outlook on commodities to neutral from overweight, amid prospects for weak global demand. Exited its
READ MORE... →Salient to Investors: Stockpiles of the biggest crops will decline for a third year on drought in three continents. U.S. crops are in the worst condition since 1988, heat waves are battering European crops and India’s monsoon rainfall is 20 percent below normal. Goldman Sachs, Macquarie Group and Credit Suisse say crops will
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