Salient to Investors: Gold’s swift fall has ravaged livelihoods around the world, while investors who lost big are shifting assets elsewhere and scaling back retirement plans. The market value of the world’s gold mining companies is down $271 billion since the September 2011 peak of $486 billion. Gold hit $850 on Jan.
READ MORE... →Salient to Investors: Jim Rogers writes: I don’t own gold mining stocks. There are many other easier ways to own gold. Miners have stiff competition from many different coins, ETFs, ETNs, and futures. Read the full article at http://www.jimrogers.info/2013/07/jim-rogers-says-he-doesnt-own-gold.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Jim rogers writes: Gold miners have a very difficult time ahead of them. One study determined that more money has been lost in gold mining shares than any other industry in America including airlines and railroads. Read the full article at http://www.jimrogers.info/2013/07/gold-miners-have-difficult-time-ahead.html Click here to receive free and immediate
READ MORE... →Salient to Investors: Jim Rogers says: Avoid gold mining stocks because miners face stiff competition, and there are now many easier ways to own gold – coins, ETFs, ETNs, futures. Gold will bottom in 2014 or 2015 because eventually prices below the cost of production will cause tightness in supply
READ MORE... →Salient to Investors: Gold’s 14-day relative strength index was below the level that indicates a rebound may be imminent. Jeffrey Christian at CPM said it is too soon to predict if a buying frenzy will be repeated because the enthusiastic buyers in April have become more cautious, though says the worst
READ MORE... →Salient to Investors: John Paulson lowered stakes in gold miners in Q1 and added shares of companies that stand to benefit from a stronger economy. Paulson has done well investing in companies undergoing mergers or restructurings, but his big bets in the past 2 years on macroeconomic developments have undermined that
READ MORE... →Salient to Investors: Billionaire hedge fund managers have been heavily buying gold. John Paulson has been accumulating gold and gold mining stocks at a fevered pace. George Soros, Louis Moore Bacon, Julian Robertson et al have been buying gold, mining equities and ETPs. Bill Gross at Pimco has urged investors to buy precious metals. George
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: Jeffrey Gundlach at DoubleLine Capital says: The first phase of the coming debacle was the 27-year buildup of corporate, personal and sovereign debt to 2008. The third phase will be deeply indebted countries and companies defaulting sometime after 2013. Buy gemstones, art and commercial real estate and other hard assets. Chinese
READ MORE... →Salient to Investors: Malcolm Polley at Stewart Capital said things won’t improve as fast as people think, and Fed’s actions won’t lead to higher growth. FRB of Philadelphia President Charles Plosser said this months new bond buying by the Fed won’t boost growth or hiring and may jeopardize Fed credibility. The Dow is 5.3 percent from its
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