Salient to Investors: Bjarne Schieldrop at SEB says the market’s bearishness was lifted by stimulus euphoria but brought down by a very disappointing Empire State report. David Fransen at Vitol expects Brent to range between $100 and $120. Read the full article at http://www.bloomberg.com/news/2012-09-18/oil-declines-in-new-york-after-biggest-drop-in-two-months.html
READ MORE... →Salient to Investors: PayScale reports 2012 graduates from South Dakota School of Mines & Technology received a median salary of $56,700 versus $54,100 for graduates from Harvard. jobs4mining.com says shortages in mine engineering and project management are acute, driving tremendous salary inflation. New mineral deposits are getting harder to find, and companies are
READ MORE... →Salient to Investors: Walter Hellwig at BB&T Wealth Management sees a commodity owner’s dream come true in terms of open-ended quantitative easing.. Sterling Smith at Citigroup Global Markets said gold, a pure currency, is the most interesting and most favored in quantitative easing. Jason Schenker at Prestige Economics said the Fed’s gradual increase in stimulus is long-term bullish
READ MORE... →Salient to Investors: The S&P GSCI spot gauge of 24 raw materials is on a seven week advance – the best streak since October 2010. Sijin Cheng at Barclays said sentiment is quickly shifting to a ‘risk-on’ mode. Jonathan Barratt of Barratt’s Bulletin said Middle East geopolitical concerns should add a $5 to
READ MORE... →Salient to Investors: In a Bloomberg poll of 847 investors, analysts and traders: A quarter expect Chinese markets to be among the worst performers over the next year. 46 percent, the highest, say U.S markets offer among the best returns over the next year. 18 percent expect commodities to offer the highest
READ MORE... →Salient to Investors: Copper bulls at their highest percentage since Oct. 14 2011 on rising speculation central banks will bolster growth. Hedge funds are bullish for the first time since May, while stockpiles dropped to the lowest level in almost four years. Jeffrey Currie at Goldman Sachs said commodities may rise 10 percent, copper to
READ MORE... →Salient to Investors: Walter de Wet at Standard Bank said gold has strong resistance at $1,700. Thomson Reuters GFMS predicts gold will rise above $1,800 by year-end as central banks stimulate. Read the full article at http://www.bloomberg.com/news/2012-09-05/gold-drops-from-five-month-high-before-ecb-meeting-silver-falls.html
READ MORE... →Salient to Investors: Bets on rising gold prices rose to the highest since March. Combined bets on 18 U.S. commodities is still near the highest in 15 months. Dan Denbow at USAA Precious Metals & Minerals Fund said putting more money into the economy is always good news for gold James Dailey at TEAM
READ MORE... →Salient to Investors: South Africa’s mine violence is the worst since the end of apartheid in 1994 caused by one of the world’s biggest wealth gaps – worse than Honduras and the Central African Republic. 60 percent of black South Africans live in poverty and 28 percent are jobless. Professor Dirk Kotze at the
READ MORE... →Salient to Investors: Commodities beat equities, bonds and the dollar for a second consecutive month, the longest streak in more than a year, showing investors expect policy makers to succeed in stimulating growth. More than two-dozen nations cut market interest rates this year. China has slowed for six quarters. Bill O’Neill at Merrill
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