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
READ MORE... →Salient to Investors: Jim Rogers says: Avoid gold mining stocks because miners face stiff competition, and there are now many easier ways to own gold – coins, ETFs, ETNs, futures. Gold will bottom in 2014 or 2015 because eventually prices below the cost of production will cause tightness in supply
READ MORE... →Salient to Investors: Jim Rogers owns and is buying gold. Read the full article at http://www.jimrogers.info/2013_07_01_archive.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: China’s net gold imports from Hong Kong increased 40 percent in May from a month earlier. Bruce Liu at ANZ Bank said demand was quite strong in May with people rushing to gold shops because they thought prices had hit bottom. Gold sales from Australia’s Perth Mint declined for a
READ MORE... →Salient to Investors: Hedge funds are the least bullish in 6 years and ETP holdings dropped to a 3-year low. The US Mint sold 19 percent fewer ounces of American Eagles in June than in May and 73 percent less than in April. Australia’s Perth Mint said coin and bar sales dropped for a
READ MORE... →Salient to Investors: Jim Rogers writes: When there’s massive new supply coming on stream, then we’ll have the end of the commodities bull market. The world has consumed more agriculture products than it has produced for a decade now. We are running out of farmers – average age in America
READ MORE... →Salient to Investors: John Ryding at RDQ Economics said: Unlike with stocks, there are no tools or models that determine the fair price of gold – it is psychological. Industrial and jewelry demand total only 55% of demand. The 10-yr bull market was caused by the Fed being incredibly accommodative –
READ MORE... →Salient to Investors: Money managers reduced their net-long position in gold to the lowest since June 2007, while shorts climbed to the second-highest on record. ETP holdings are at a 3-year low. Banks from Goldman to Credit Suisse cut their gold forecasts last week. Mark Luschini at Janney Montgomery Scott said
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