Salient to Investors: 20 analysts expect gold prices to fall next week, 11 to rise, 3 neutral – the highest proportion of bears since Dec. 30, 2011. Gold is below its 200-day moving average, indicating more declines may follow. Gold fell in March in 6 of the last 9 years. Hedge
READ MORE... →Salient to Investors: Vitaly Nesis at Polymetal International said gold will peak above $2,000 and average between $1,700 and $1,800 in 2013 as central banks’ purchases will be the main demand driver. Nesis doesn’t expect investors to switch from gold to silver in 2013 because silver is a less significant asset in the
READ MORE... →Salient to Investors: GDP growth for Q4 2012 was negative and weaker than any forecast in a Bloomberg survey. Tim Evans at Long Leaf Trading said more numbers like this and gold will rally. Sales of American Eagle silver coins rose to a record this month. Read the full article at http://www.bloomberg.com/news/2013-01-30/gold-little-changed-amid-fed-meeting-palladium-at-16-month-high.html Free email alerts
READ MORE... →Salient to Investors: Doug Short at Advisor Perspectives writes: Statistics says that 99.7% of all daily movements should fall within three standard deviations of the mean, but Deutsche Bank research shows that three standard deviation movements are not as rare – some instances, like the 2008 financial collapse, happen over 25% of
READ MORE... →Salient to Investors: Hedge funds et al lowered net-long positions in futures and options to the lowest since June 26, gold holdings dropped to the lowest since August, silver fell the most since July 24, and turned bearish on wheat for the first time in six months. Simon Ringrose at EPFR Global said money managers last week withdrew
READ MORE... →Salient to Investors: Global investment through silver-backed ETPs reached a record equal to more than 9 months of mine output. The median analyst, trader and investor expects prices to rise as much as 29 percent in 2013. Hedge funds et al increased bets on higher prices 12-fold since the end of
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: 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: Mercenary Trader writes: The routine intervention of the Central Banks, the Greenspan Put transitioning to the Bernanke Put, have underscored the “bad news is good news” phenomenon. Good news is good news because things are getting better. Mediocre news is good news because it means CBs keep rates near
READ MORE... →Salient to Investors: Gold typically takes a breather in relative returns to the S&P500 in October and December, has been a stellar outperformer in November. Silver has historically outperformed the S&P 500 in October and November, but underperformed in December. Q4 is fairly strong seasonally for gold and silver. Read the full article at http://seekingalpha.com/article/892241-silver-may-prove-a-better-bet-than-gold-in-q4?source=intbrokers_regular
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