Salient to Investors: Trust in precious metals as a store of wealth is diminishing amid concern that growth is weakening. Bloomberg survey in December 2012 expected silver to gain 33 percent in 2013 either because , or accelerating growth would spur more industrial buying; but silver is on track for its
READ MORE... →Salient to Investors: Jim Rogers said: When investing, don’t follow the crowd Most government numbers are made up. China has problems with housing and inflation as the US did in the 19th century when it was growing rapidly. Every country that grows rapidly has problems. The US had recessions and
READ MORE... →Salient to Investors: Paul Kavanaugh at FuturePath Trading said the copper chart is bearish for the medium term, and new lows are likely – copper in New York is poised to reach the lowest price since mid-2010 in the next 2 months as its MACD gave a bearish sign. Read the full
READ MORE... →Salient to Investors: Goldman Sachs maintained its neutral recommendation on commodity prices, predicting a significant decline in agriculture in half2 even if summer weather is slightly worse than 2011. Jeffrey Currie and Damien Courvalin et al at Goldman predict the S&P GSCI Enhanced Index will return 2.3 percent over 12 months,
READ MORE... →Salient to Investors: Jim O’Neill writes: When the Fed starts to taper, expect turbulence in financial markets, especially for overpriced assets. We are headed to a normal 10-yr T-yield of 4 percent or more versus 2.2 percent now, and to a return of the equity culture. mcd-grp.com/cat/ In 1994, Greenspan made it clear that
READ MORE... →Salient to Investors: China approved 2 domestic ETPs backed by gold as global holdings of the precious metal in ETPs dropped to a 2-year low. Zhang Bingnan at the China Gold Association said Gold ETFs should boost gold demand as they make Chinese investments in the bullion much easier, and the recent
READ MORE... →Salient to Investors: The number of hedge funds investing in gold is at the lowest level since 2010. Farhan Mumtaz at EurekaHedge said hedge fund performance declines tied to volatility and withdrawals led either to closures or a shift in strategies – the number of funds investing in gold fell
READ MORE... →Salient to Investors: The start of the bear market in gold in April spurred a surge in demand for coins and jewelry. Indian demand is so great that the government is curbing imports. Richard Peterson at the US Mint said sales may reach a record this year if the current demand continues. Mark
READ MORE... →Salient to Investors: The S&P GSCI Spot Index has lagged the MSCI All-Country World Index for 6 months, the longest stretch since 1998. Hedge funds cut combined bullish bets across 18 US raw-material futures by 51 percent from a 16-month high in September and are bearish on 6 of them. EPFR Global
READ MORE... →Salient to Investors: Nouriel Roubini at NYU says gold may fall toward $1,000 by 2015 as the economic recovery curbs demand for bullion, there is a lack of inflation, and other assets such as equities offer better returns. Roubini said investors should have a very modest share of gold and other real
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