Salient to Investors: Copper bulls at their highest percentage since Oct. 14 2011 on rising speculation central banks will bolster growth. Hedge funds are bullish for the first time since May, while stockpiles dropped to the lowest level in almost four years. Jeffrey Currie at Goldman Sachs said commodities may rise 10 percent, copper to
READ MORE... →Salient to Investors: The value of transactions in S&P 500 Index ETFs is about to exceed the turnover for all of the index stocks for the first time. Bears claim the increase in ETFs shows investors are giving up on picking stocks; bulls claim it shows that individuals and institutions still want to own equities
READ MORE... →Salient to Investors: Neil Dutta at Renaissance Macro Research said the growth backdrop is weakening, with a propensity for consumers to boost their rate of savings. Goldman Sachs lowered forecast for growth this quarter to a 1.6 percent annual rate from 1.7 percent, Morgan Stanley cut to 1.7 percent from 1.9 percent.
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... →Prediction: Goldman Sachs finds attractive the healthcare straddle options (XLV) ahead of the Supreme Court decision on Healthcare Reform expected before the end of the month. Watch the full article at http://www.bloomberg.com/video/95019835-goldman-sachs-says-buy-healthcare-options.html
READ MORE... →Predictions: Goldman Sachs lowered Q2 growth estimates to 1.6 percent from 1.8 percent, Morgan Stanley to 1.8 percent from 2 percent, Credit Suisse to 2.2 percent from 2.5 percent. JP Morgan’s expects more Fed action because Bernanke is far from achieving his economic mandate. Median forecast of 70 economists expects the economy to expand at
READ MORE... →Goldman Sachs expects the economy to continue to struggle for the next few months as business owners wait for the national election before making investments. Read the full article at http://www.bloomberg.com/news/2012-06-12/blankfein-says-u-s-economy-in-tough-position-next-few-months.html
READ MORE... →Predictions: Industrial and Commercial Bank of China ‘s Zheng Zhiguang says the financial crisis has evolved into a sovereign crisis so expects gold-investment demand in China to grow more than 10 percent this year as buyers seek a haven from lackluster equity markets and property curbs. Individual, institutional or even government investors should own gold
READ MORE... →Salient to Investors: National Securities Corp said that a Chinese stimulus package will turnaround copper prices. Hedge funds and speculators remain bearish on copper. Predictions: IMF is predicting EU GDP will fall 0.3 percent in 2012. Goldman Sachs sees copper at $9,000 in three months. Morgan Stanley sees a 130,000-ton shortage for copper supplies in 2012
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