Salient to Investors: Carsten Fritsch at Commerzbank said speculation of central bank intervention will support prices despite weak demand and abundant supplies – prices will stay above $90 in September Read the full article at http://www.bloomberg.com/news/2012-09-03/oil-rises-to-highest-in-one-week-on-stimulus-speculation.html
READ MORE... →Salient to Investors: Stockpiles of the biggest crops will decline for a third year on drought in three continents. U.S. crops are in the worst condition since 1988, heat waves are battering European crops and India’s monsoon rainfall is 20 percent below normal. Goldman Sachs, Macquarie Group and Credit Suisse say crops will
READ MORE... →Salient to Investors: Jason Schenker at Prestige Economics sees positive growth signals, says the trade number signals Q2 GDP will be revised higher. Guy Wolf at Marex Spectron said for the market all that matters is the prospect of central bank monetary stimulus, so soft growth data, without inflationary pressure, is a green light for central
READ MORE... →Salient to Investors: Speculators increased bets on commodities for a record eighth consecutive week and double year’s low on June 5 . Hedge funds upped net-long positions in 18 U.S. futures and options by 4.9 percent. Gold holdings climbed by the most since November 2008, cocoa bets reached a one-year high. instant credit no credit check U.S. service
READ MORE... →Salient to Investors: Phil Streible at R.J. O’Brien & Associates said traders think the Fed is watching the unemployment rate very closely, and that will determine the timing of the stimulus. Read the full article at http://www.bloomberg.com/news/2012-08-03/gold-pares-worst-weekly-performance-in-six-before-u-s-jobs-data.html
READ MORE... →Salient to Investors: Corn and soybean traders are bullish for a 15th consecutive week. Hedge funds are holding the biggest bet on higher corn prices since September and almost the largest bet on soybeans since at least 2006. 24 percent of U.S. corn crop and 29 percent of soybeans were in good
READ MORE... →Salient to Investors: Michael Lynch at Strategic Energy & Economic Research said anything that points to economic growth boosts oil. John Kilduff at Again Capital said the unemployment-rate increase is legitimate and should induce the Fed to take action. If Syria blows up or the ECB announces a rescue of Spain then oil prices
READ MORE... →Salient to Investors: Over the last two decades, US recoveries have been slow and jobless, In every recession from 1948-1990, jobs came back to pre-recession levels an average six months after the economy returned to its pre-recession level. In the 1990s, jobs came back 15 months later, and since 2001, 39 months later. McKinsey
READ MORE... →Salient to Investors: Mike Wittner said we’re seeing a massive return of risk appetite as the market was impressed by what the Europeans accomplished and there’s a feeling that the worst may be over. Sarah Emerson at Energy Security Analysis said the euro move will give oil a lot of support. Predictions: Rich
READ MORE... →Salient to Investors: Phil Streible at R.J. O’Brien & Associates said gold is under pressure because the U.S. economy is showing no signs of strength, while people are moving to the dollar on very little expectation Europe will find a solution. Scott Gardner at Verdmont Capital said deflation concerns have returned to the forefront,
READ MORE... →