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: Meghan O’Sullivan at Harvard writes: Many analysts anticipate North American energy independence by 2020, while our rising energy fortunes strongly counter the now-common global narrative that the US is in decline. Europe, China, Japan and other large economies face futures of ever-growing dependence on imported energy. montaukplayhouse.org/www/ The
READ MORE... →Salient to Investors: Christopher Kent at Reserve Bank of Australia said: China’s demand for commodities will grow strongly for some time, and the slower pace still represents a large quantity of new demand. The resource investment boom will crest this year. A broad range of indicators indicate that China’s growth has stabilized
READ MORE... →Salient to Investors: China surpassed the US to become the world’s biggest trading nation in 2012. Jim O’Neill at Goldman Sachs said China is becoming rapidly the most important bilateral trade partner for many countries – Germany may export twice as much to China by the end of the decade as it does
READ MORE... →Salient to Investors: The MSCI World Index rose 5 percent in January, the most since 1994, on individual investor inflows, US profits, interest rates at record lows, and improving growth from Europe to China. The Index rose 6.4 percent at the start of 1994, and GDP increased 7.7 percent that year, and rose
READ MORE... →Salient to Investors: William C. Dudley at FRB of New York said the international economy is gradually improving in a trend that benefits US growth. Dudley said Europe is considerably brighter as political support for fixing budgets is holding up, the ECB has provided a credible backstop, and it’s very clear countries want to
READ MORE... →Salient to Investors: Suanjin Tan at BlackRock said the avalanche of new deals has investors fatigued, and continued home-price restrictions and a slowing economy means being selective. Tan sees a big mindset shift in the past year with fears of a huge property market collapse in China gone: the risks are there but very few
READ MORE... →Salient to Investors: Mitali Das and Papa N’Diaye at the IMF said China’s supply of low-cost workers will run out between 2020 and 2025 pushed by a precipitous drop in the working-age population, and necessitating a shift to a more intensive growth model with a greater reliance on improving total factor productivity. A 2010
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: Gaelle Blanchard at Societe Generale said there’s a run of risk aversion on concerns for growth. Martial Godet at BNP Paribas CIB said global earnings growth should be stronger than 2012 for emerging-market companies, particularly China, while commodity and oil prices are resilient, which helps Russia. The MSCI emerging-markets
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