Salient to Investors: Global investors are buying emerging-market debt and shares of well capitalized companies. Anne Richards at Aberdeen Asset Management likes balance sheet strength, says many European equities are high risk and U.S. Treasuries are overvalued. Richards says investors are underestimating the health of Asian issuers – Likes Indonesian sovereign debt, Latin American
READ MORE... →Salient to Investors: Mark O’Byrne at GoldCore says demand picked up in the last month, and sees no resolution to the Europe crisis in the short-term. ETP holdings is within 0.1 percent of the record set in March. Russia, Turkey, Ukraine and Kazakhstan expanded gold reserves by a combined 25 tons in May. Edel Tully at
READ MORE... →Predictions: Michael Hewson at CMC Markets UK says oil prices reflect the market’s expectation of no growth in Europe for the next few years, and may fall as low as $76 a barrel (Brent) in the next six months, despite Iran causing a rally in the short term – the overall outlook is down, based on the lack
READ MORE... →Salient to Investors: Kenneth Heebner said the U.S. is poised to outperform most countries – lower growth in Asia and Europe will lower oil and commodity prices, a de facto tax cut for U.S. consumers. Heebner sees forces driving the U.S. in a positive direction – the real estate bust has created pent-up demand for housing
READ MORE... →Salient to Investors: The U.S., Europe and allies are willing to suffer higher fuel costs in order to curb Iran’s nuclear program. Oil is set to recover from its worst quarter since 2008 as a EU ban on Iranian oil takes effect, central banks act to protect growth, and on speculation OPEC
READ MORE... →Salient to Investors: Heat wave that set or tied 196 daily temperature records yesterday moves east, promising to raise energy demand. MDA EarthSat Weather expects July to be one of the five warmest since 1950 in the large cities that use the most energy. Read the full article at http://www.bloomberg.com/news/2012-06-28/u-s-weather-promises-energy-boost-as-temperatures-rise.html
READ MORE... →Salient to Investors: Peter Orszag at Citigroup said well under 0.1 percent of cars and trucks in the U.S. run on natural gas versus seventy-five percent in Armenia. More natural-gas cars and trucks could reduce greenhouse-gas emissions and other pollutants. There are fewer than 2,000 natural-gas filling stations in the
READ MORE... →Salient to Investors: Adam Klopfenstein at Archer Financial Services said the Chinese news is positive for gold, though gains will be limited as some investors are waiting for some kind of statement from the European leaders. Read the full article at http://www.bloomberg.com/news/2012-06-27/gold-may-advance-before-european-summit-as-investors-seek-haven.html
READ MORE... →Salient to Investors: Corn supplies in the U.S. are declining at the fastest pace since 1996. The worst Midwest drought in more than a decade is wilting a harvest that the U.S.D.A. says will be the biggest ever. Dennis Gartman at the Gartman Letter said the harvest is about two months away and dry
READ MORE... →Salient to Investors: George Soros warned that a failure by EU leaders to produce drastic measures could spell the demise of the Euro and that policy makers should create a European Fiscal Authority to purchase sovereign debt in return for Italy and Spain implementing achievable budget cuts Soros said Angela Merkel
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