Salient to Investors: Value of sliver found is $36 million versus the cost of exploration and salvage of $21 million at a depth 3 miles, versus 2.5 miles for Titanic. There are 3 million estimated wrecks in the ocean. Watch the video at http://www.bloomberg.com/video/61-tons-of-silver-scenes-of-3-mile-treasure-haul-Y_iIM_YoQ2KA1foiCLR1Rw.html Click here to receive free and immediate
READ MORE... →Salient to Investors: Jeffrey Currie et al at Goldman Sachs said: They cut their 12-month commodity return forecast for the S&P GSCI Enhanced Commodity Index to 0.1 percent, maintained a neutral recommendation on raw materials, while precious metals and agricultural commodities may drop 8 percent and base metals will gain 6 percent.
READ MORE... →Salient to Investors: Jim Rogers writes: Stocks collapsed in 1987, 1989, 1990, 1994, 1997, and 1998 and everybody was convinced the bull market was over. The bull market was not over and eventually ended in a bubble. The same is happening with commodities. In agriculture, there is insufficient new supply to
READ MORE... →Salient to Investors: Suki Cooper at Barclays said commodity assets under management fell to a 32-month low in June driven primarily by a decline in gold-backed ETPs assets to a 3-year low, though other commodity assets have been much more stable. Cooper said gold and silver face the most downside
READ MORE... →Salient to Investors: 17 S&P 500 tech companies so far reporting have missed estimates by an average 3.6 percent. Analysts predict the group will report a 6.7 percent decline in profit versus a predicted 2 percent increase for the S&P 500 as a whole. 72 percent of S&P 500 members
READ MORE... →Salient to Investors: Jim Rogers writes: Most bull markets have lasted for two decades, or close to. Supply is not there yet, and if economies were to slow, Bernanke et al would print more money – the wrong thing to do but all they know. Read the full article at
READ MORE... →Salient to Investors: Jim Rogers writes: I don’t own gold mining stocks. There are many other easier ways to own gold. Miners have stiff competition from many different coins, ETFs, ETNs, and futures. Read the full article at http://www.jimrogers.info/2013/07/jim-rogers-says-he-doesnt-own-gold.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Jim rogers writes: Gold miners have a very difficult time ahead of them. One study determined that more money has been lost in gold mining shares than any other industry in America including airlines and railroads. Read the full article at http://www.jimrogers.info/2013/07/gold-miners-have-difficult-time-ahead.html Click here to receive free and immediate
READ MORE... →Salient to Investors: The median estimates of 10 importers, jewelers, analysts and trade groups expects gold imports to drop 22 percent in half2 2013. Goldman Sachs predicts gold will reach $1,050 by end of 2014, and Credit Suisse predicts $1,150 in a year. Rajesh Mehta at Rajesh Exports said demand will
READ MORE... →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
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