Salient to Investors: OECD predicts faster global economic growth, led by the US and Japan: growth in member countries will accelerate to 2.3 percent in 2014 from 1.2 percent in 2013, China, will grow 8.4 percent in 2014 after growth of 7.8 percent in 2013. Neil Mackinnon at VTB Capital
READ MORE... →Salient to Investors: Marc Faber at the Gloom Boom & Doom Report says: High-end assets from stocks to art to real estate are in a bubble caused by central bank money-printing. This money doesn’t increase economic activity and asset prices in concert, instead creates dangerous excesses in countries and asset
READ MORE... →Salient to Investors: Copper stockpiles are rising to the highest in a decade, yet manufacturers are paying the biggest premiums for the metal in as much as 7 years as financing deals lock up supply and extend lines at warehouses. LME copper inventories more than doubled in the past year and
READ MORE... →Salient to Investors: Gold and wine prices that tracked each other in the past decade are now diverging. The Liv-ex Fine Wine 100 Index tripled in the past 10 years and gold advanced fourfold. Ric Deverell at Credit Suisse said gold may drop to $1,100 an ounce in a year and below
READ MORE... →Salient to Investors: Most analysts say OPEC needs to conform better with the limit to keep supply from overwhelming demand. Societe Generale says the necessary reduction could be substantial. The Centre for Global Energy Studies says prices may tumble without output curbs. OPEC accounts for 40 percent of global oil supply. Seth
READ MORE... →Salient to Investors: Morgan Stanley said ETF selling and a stronger dollar is the largest headwind facing gold, so should either trend ease, physical demand via jewelry sales and central bank buying could provide key support. Feng Liang at GF Futures said prospects for the US economy remain positive and expectations
READ MORE... →Salient to Investors: Money managers cut their net-long position of futures and options to the lowest since July 2007, while holdings of short contracts rose to a record. Dan Denbow, a fund manager at the $1 billion USAA Precious Metals & Minerals Fund said gold has so many drivers that it gets
READ MORE... →Salient to Investors: 12 analysts expect gold prices to rise next week, 9 fall and 8 neutral, the highest proportion of bulls since April 26. Wolfgang Wrzesniok-Rossbach at Degussa Goldhandel said gold purchases outpaced sales by 9 to 1 versus 4 to 1 in Q1. Daniel Briesemann at Commerzbank said gold should
READ MORE... →Salient to Investors: Wu Kan at Dazhong Insurance said investors are avoiding stocks related to traditional manufacturing industries, while the selloff in Japan has spread risk-off sentiment across the region. The Shanghai Composite is at 9.3 times 12-month estimated earnings versus a 7-yr average of 15.7 times. Ken Peng at BNP Paribas said the
READ MORE... →Salient to Investors: Carlos Perez-Santalla at Marex North America said nervous investors are turning to gold as everything else looks very bleak, while the weakness in the dollar is supportive for gold. David Govett at Marex Spectron said bullion has no real direction whatsoever: moves are massively over-exaggerated due to
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