Salient to Investors: Laurentia Amica Darmawan at PT First State Investments Indonesia said the currency issue is the biggest risk factor in the foreseeable future for Asian companies, and will continue until we have clarity on how long global monetary easing will last. Credit Suisse lowered Turkish banks to neutral from
READ MORE... →Salient to Investors: Shane Brett at AllAboutAlpha writes: The long-term outlook for the US economy is broadly positive with housing stabilized, consumer confidence slowly returning, political instability solved by Obama’s decisive win, and as health spending increases under Obamacare. Cheap domestic energy will continue and the US will seriously expand
READ MORE... →Salient to Investors: The IMF said: The world economy will grow 3.5 percent in 2013 and 4.1 percent in 2014, versus 3.2 percent in 2012. The euro region will shrink 0.2 percent in 2013, led by Spain and slowing growth in Germany, and grow 1 percent in 2014. The euro region poses a
READ MORE... →Salient to Investors: Harry Fotopoulos writes: Market is in a bullish uptrend, led on increasing volume by economically sensitive sectors, small caps, and emerging markets. The market has confirmed a breakout, and not yet dramatically overbought. Expect a minor correction at any time. Look for gold to make another run
READ MORE... →Salient to Investors: Doug Short at Advisor Perspectives writes: Statistics says that 99.7% of all daily movements should fall within three standard deviations of the mean, but Deutsche Bank research shows that three standard deviation movements are not as rare – some instances, like the 2008 financial collapse, happen over 25% of
READ MORE... →Salient to Investors: Commodity speculators increased net-long positions last week by the most since Nov. 27. Barclays says investors increased commodity holdings by $20.4 billion in 2012 versus $14.6 billion in 2011. Suki Cooper et al at Barclays said palladium will be the best performing precious metal in 2013 as supplies tighten and demand
READ MORE... →Salient to Investors: Damien Courvalin and Alec Phillips at Goldman Sachs said gold will climb to $1,825 in 3 months – consistent with rallies into debt-ceiling decisions – and then decline in half2 2013 as the US economy rebounds. Tom Kendall at Credit Suisse expects lower prices in half2 as the U.S. recovers and fear trades fade. Allan Hochreiter said
READ MORE... →Salient to Investors: Gold looks poor technically but its fundamentals of robust investment and central bank demand remain intact. Gold will be supported by the US political standoff about the debt ceiling and expectations of continual quantitative easing. A lack of trust regarding central bank gold reserves could lead to
READ MORE... →Salient to Investors: Christin Tuxen at Danske Bank predicts gold will average $1,720 an ounce in 2013 as central-bank stimulus will sustain buying as a hedge against inflation and currency devaluation, and $1,600 in 2014 as economic growth curbs demand. Tuxen said the prospect of the Fed stopping easing and improving economic activity
READ MORE... →Salient to Investors: North American energy companies are investing more in railroad terminals than the railroads themselves because swelling output has overwhelmed pipelines. Domestic crude at least 20 percent cheaper than imports. Rail is more expensive than pipelines but reaches into metropolitan areas like Los Angeles and Philadelphia, where new pipes are
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