Salient to Investors: Continued stimulus on cooling global growth led by weakening in developing nations amid stagnant inflation and job growth in much of the industrial world risks inflating asset bubbles central bankers will have to face later. Talk of unsustainable home-price increases is spreading from Germany to New Zealand,
READ MORE... →Salient to Investors: The median estimates of the 10 most-accurate precious metals analysts tracked by Bloomberg over the past 2 years predicts gold will drop to an average $1,250 in Q4 2013, $1,225 in Q1 2014, $1,195 in Q2 2014, and a 4-year low of $1,175 in Q3 2014 due
READ MORE... →Salient to Investors: Warren Buffett said: Congress will resolve the US debt ceiling stalemate before it seriously harms the country. One second beyond the debt limit would not do us in, but if it goes a year beyond, that would be unbelievable. US government bonds carry ‘the full faith and
READ MORE... →Salient to Investors: Little more than 2 years after Warren Buffett labeled India a “dream market,” its economy is expanding at the slowest pace in a decade and its debt ratings are at risk of being cut to junk. Berkshire Hathaway exited an insurance distribution venture. In the last 3
READ MORE... →Salient to Investors: Goldman Sachs, JPMorgan Chase and George Soros are poised for IPO gains from investing in Essent Group, a Bermuda-based mortgage insurer in 2009. Mortgage insurers are rebounding on property prices now rising at the fastest pace since 2006 and with the government reducing its role backing home
READ MORE... →Salient to Investors: Hedge funds et al cut long contracts to the lowest since June 25. EPFR Global said money managers added the most since October 2012 to gold funds last week, while inflows for commodity funds were the most since November 2012. Evestment said assets managed by commodity hedge
READ MORE... →Salient to Investors: Jeffrey Currie at Goldman Sachs said their 3 and 6-month targets for gold is $1,300 and then decline to $1,050 in 2014 as the Fed tapers and economic data improve, perhaps to below $1,000. Currie said Goldman expects an initial reduction of $10 billion a month in
READ MORE... →Salient to Investors: Jeffrey Currie and Damien Courvalin at Goldman Sachs said: Gold will fall into 2014 as the Fed tapers on the back of an acceleration in US activity and a less accommodative monetary-policy stance. Goldman’s economists expect tapering next week. Goldman maintained 3 and 6-month targets for gold at $1,300,
READ MORE... →Salient to Investors: The World Gold Council data show that consumer buying of gold rose 53 percent in Q2 from a year earlier, almost making up for the record sales of gold ETPs. The Council sees a dampening of demand in the next few months in India due to restrictions on imports, but
READ MORE... →Salient to Investors: David Kostin at Goldman Sachs said the S&P 500 will climb to 1,750 at year-end, to 1,825 in the next 12 months and 1900 at year-end 2014, as economic growth gains momentum, and recommends companies that generate most of their revenue domestically. Kostin said the real issue is that rising interest
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