Salient to Investors: Larry Edelson is short-term bearish on gold but long-term bullish. Both possible outcomes for the world economies are bullish for gold. Scenario 1 – least likely – is the stock market continues to rally and the US economy begins to recover. The up to $20 trillion of monopoly money printed by the Fed floods
READ MORE... →Salient to Investors: Bachhraj Bamalwa at All India Gems & Jewellery Trade Federation said Indian households and temples hold 25,000 metric tons of gold – 10 percent would ensure supplies to Indian jewelers for 3 years. Bamalwa said Indians will continue spending on gold on marriages and in festivals, and with no social security, investment in
READ MORE... →Salient to Investors: The International Energy Agency said global oil consumption will expand more than previously forecast in Q4 2012 and 2013 on a rebound in Chinese demand. Andrey Kryuchenkov at VTB Capital said most OPEC exporters are happy with the current market balance and price levels. Torbjoern Kjus at DNB ASA said the Saudis will cut
READ MORE... →Salient to Investors: Gold producer shares head for the first back-to-back annual drop since 1998 despite gold’s 12 years of gains because of failure to control expenses – the average cost to extract an ounce of gold by the largest miners rose 23 percent to $584.70 in 2011 versus a drop of 12 percent to
READ MORE... →Salient to Investors: Jeffrey Currie at Goldman Sachs said investors should be overweight in commodities because prices will gain 7 percent in 12 months on improving global economic growth, while rising consumption may limit immediate supplies and raise near-term prices above longer-dated contracts. Goldman said gold’s longest winning streak in at least nine decades
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Interest rates are so low and corporate spreads so tight that you have to be leery of prices going the other way. Structural headwinds may reduce real GDP below 2 percent in the US and other developed nations. With globalization, technological and demographic changes
READ MORE... →Salient to Investors: Peter Richardson and Hussein Allidina at Morgan Stanley said: Calls for the end of the commodities super-cycle is too simplistic as commodities are cyclical but the elasticity of supply and demand and length of the cycle vary significantly. Gold, silver and corn will outperform other raw materials next year
READ MORE... →Salient to Investors: Kevin McCarthy at Midstream/Energy Fund said: the industry will increase profit in 2013, as the drilling boom in U.S. shale fields creates a need for more pipelines, processing plants and compressor stations. the development of unconventional fields is a multi-decade process. his top investments are general partners because that way you get
READ MORE... →Salient to Investors: Jeffrey Gundlach at DoubleLine Capital says: The first phase of the coming debacle was the 27-year buildup of corporate, personal and sovereign debt to 2008. The third phase will be deeply indebted countries and companies defaulting sometime after 2013. Buy gemstones, art and commercial real estate and other hard assets. Chinese
READ MORE... →Salient to Investors: Andrea Guzzi at IST Investmentstiftung fuer Personalvorsorge said the global economy is recovering and healing, thanks to the US and the emerging markets – more people are becoming wealthy, less and less are poor. Guzzi said many countries have oversized banking sectors. Gala Prada at Fiatc Mutua de Seguros y Reaseguros expects
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