Salient to Investors: Malcolm Polley at Stewart Capital said things won’t improve as fast as people think, and Fed’s actions won’t lead to higher growth. FRB of Philadelphia President Charles Plosser said this months new bond buying by the Fed won’t boost growth or hiring and may jeopardize Fed credibility. The Dow is 5.3 percent from its
READ MORE... →Salient to Investors: Mes Aynak in Afghanistan is one of the largest undeveloped copper deposits in the world as well as home to vast archeological ruins. Read the full article at http://www.npr.org/2012/09/24/161677990/foreign-policy-golden-buddha-hidden-copper?ft=1&f=1057&sc=igg2
READ MORE... →Salient to Investors: Chad Morganlander at Stifel Nicolaus said a structural shift in China’s economy and European economic woes will pressure commodity prices – China over the last few years artificially torqued its economy. China is the world’s biggest consumer of everything from copper to pork to soybeans, while the U.S. is the largest user of crude oil and
READ MORE... →Salient to Investors: Ray Dalio of Bridgewater Associates said: The euro will survive because austerity measures deterring growth will be balanced by ECB intervention, says southern Europe will suffer a managed depression lasting as long as 15 years. Countries in northern Europe are more likely to leave the euro currency bloc than indebted countries in the
READ MORE... →Salient to Investors: UBS said power producers will open six times more coal-burning plants than gas-fed units by 2015. Demand for emission permits will rise because coal-fired generators need twice as many credits as gas users under climate protection rules. Matthew Gray at Jefferies says the outlook for Certified Emission Reductions
READ MORE... →Salient to Investors: Mark Smallwood at Deutsche Bank said gold is increasingly being used as a monetary instrument as more high net-worth individuals seek to protect their wealth from the risk of rising inflation, with an increased preference for physical holdings. Holdings in gold-backed exchange-traded products reached an all-time high yesterday. Bank of America said
READ MORE... →Salient to Investors: Bloomberg reports the overall bullish outlook of analysts extended for an 18th week. Buyers bought the more exchange traded products this quarter than in two years. Hedge funds et al more than doubled net-long position since July 24 to the most since Feb. 28. Bank of America predicts gold at $2,000 by
READ MORE... →Salient to Investors: Concern is mounting that the government isn’t doing enough to bolster economic growth at a time when producers are expanding supply. Bloomberg survey median expects the S&P GSCI index to rise 3.1 percent by year-end. Barclays says the impact of QE will be smaller this time, says commodity assets under management
READ MORE... →Salient to Investors: Jim Chanos at Kynikos Associates says: He expects declines in companies that may be inexpensive compared with earnings, like in natural gas, which have enormous cash needs, and iron-ore producers, where industry capacity will expand globally even as demand stalls because of China’s slowdown A number of high-profile natural gas companies may be in financial
READ MORE... →Salient to Investors: Bernard Sin at MKS Finance said gold is boosted by any form of quantitative easing and will trend higher. Read the full article at http://www.bloomberg.com/news/2012-09-19/gold-declines-as-rally-spurs-sales-platinum-extends-drop.html
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