Salient to Investors: China last reported its gold reserves in 2009 at 1,054.1 tonnes, just 1% of the value of its foreign currency reserves, and less gold reserves than Germany, the IMF, Italy and France, and a fraction of those of the US. Bloomberg Intelligence believes China’s reserves exceed 3,510 tonnes,
READ MORE... →Salient to Investors: Ray Bakhramov at Forum Global Opportunities Fund said: What we have seen so far is just a preview as a bottoming in any asset class typically takes 4 years. The combination of slower growth and Fed tapering will accelerate redemptions, triggering a slump for stocks, debt and
READ MORE... →Salient to Investors: Jim Rogers said China has guided the Chinese Yuan on the right path over the past 8 years, and those development trends make one confident in the currency’s long-term development. Read the full article at http://blogjimrogers.blogspot.com/2013/09/jim-rogers-confident-in-chinese-yuan.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Currency strategists from Barclays to Deutsche Bank are advising to sell the yuan as China growth slows and inflows slow as China demands lenders curb foreign-currency loans on concern companies may have exaggerated shipments to facilitate carry trades. Igor Arsenin et al at Barclays said policy makers will
READ MORE... →Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co writes: In periods of prolonged economic pain, international cooperation gives way to an every-nation-for-itself attitude, including competitive devaluations. Decreasing the value of a currency, by creating and selling unlimited quantities, is much easier than supporting it, by selling
READ MORE... →Salient to Investors: The biggest Chinese ETF in the US climbed to a six-month high on expanding factory output. Chinese manufacturing expanded for the first time in three months in October. Audrey Kaplan at Federated Global Investment Mgmt said confidence in Chinese equities is picking up and it looks like the beginning of a
READ MORE... →Salient to Investors: Ramin Toloui at Pimco says: Brazil, South Africa and Mexico offer the best emerging market local-currency bonds because they offer higher yields than the debt of developed nations – very slow global growth and very low core industrialized yields are a strong force pulling rates down over time. Flows into emerging-market debt will
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