Salient to Investors: The loss of water rights to heavy industry, the worst drought in four decades and the rise in debt that follows is causing farmers to take their own lives – more than 2,200 farmers in India committed suicide in the past 4 years. Mandar Sathe at Prayas said a
READ MORE... →Salient to Investors: Charles Evans at Chicago FRB said US growth should be self-sustaining in 2014. David Lennox at Fat Prophets said any talk of a time horizon for QE takes the shine off any gold price rises, while ETP sales will put downward pressure on prices. Read the full article at http://www.bloomberg.com/news/2013-05-21/gold-resumes-slump-on-concern-fed-will-reduce-stimulus-program.html Click here
READ MORE... →Salient to Investors: Fareed Zakaria said: The fundamental rule of international relations is that as a country becomes powerful, others gang up to bring it down – viz the Habsburg Empire to Napoleonic France to Germany to the Soviet Union. The one great exception in modern history is the US,
READ MORE... →Salient to Investors: George Soros and BlackRock cut stakes in gold ETFs in Q1, signaling waning investment demand. The World Gold Council said gold ETP demand dropped 13 percent in Q1 from a year earlier and outweighed a surge in purchases of coins, bars and jewelry in China and India. Frank McGhee at Integrated Brokerage
READ MORE... →Salient to Investors: George Soros cut holdings of gold ETPs in Q1, 2013. John Paulson maintained a stake and Schroder Investment Mgmt bought in Q1. Deutsche Bank said assets in SPDR will probably drop by an additional 2 million to 4 million ounces after slumping 9.7 million ounces since mid-December. Jeffrey Currie et al at Goldman Sachs
READ MORE... →Salient to Investors: Torbjoern Kjus at DNB ASA said the oil market does not look tight for the coming 5 years, spare capacity will rise, and prices will continue to trend lower. David Lennox at Fat Prophets said all the key players on the demand side basically see muted growth, which
READ MORE... →Salient to Investors: John Paulson lowered stakes in gold miners in Q1 and added shares of companies that stand to benefit from a stronger economy. Paulson has done well investing in companies undergoing mergers or restructurings, but his big bets in the past 2 years on macroeconomic developments have undermined that
READ MORE... →Salient to Investors: Bloomberg Global Poll: International investors are the most bullish on the US and Japanese markets in more than 3.5 years as both economies are seen to be improving. Over 40% will reduce gold exposure over the next 6 months, close to 3 times more than those who
READ MORE... →Salient to Investors: Hedge funds et al increased bets on a gold rally by the most in 3 weeks, while short contracts fell 9.2 percent, the most since March 19, though short holdings are still more than triple the average since 2006, when data begins. Net-bullish wagers across 18 US-traded raw
READ MORE... →Salient to Investors: Jeremy Grantham writes: The world, in its reckless use of resources and natural systems, shows many of the indicators of potential failure that brought down many prior civilizations. However, we have two saving graces that may save us – declining fertility rates and progress in alternative energy.
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