Salient to Investors: Bank of America opened a unit in India to review home-valuation reports, while eliminating jobs of licensed US workers in its LandSafe business. Independent banking consultant Bert Ely said with offshoring, the potential for paperwork problems is always there, but it’s hard to be critical for trying to minimize costs. Goldman Sachs
READ MORE... →Salient to Investors: Jim Rogers says we are close to a bottom in gold as many leveraged players are being forced to sell – a typical sign. Read the full article at http://www.jimrogers.info/search?updated-max=2013-07-02T04:30:00-05:00&max-results=5 Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Alexander Friedman at UBS says: What Fed has done is not unexpected and the market reacted because it was ahead of itself. All the Fed was saying was that the US is doing OK, that the data is trending as it should, and that it has confidence
READ MORE... →Salient to Investors: Standard Chartered advised buying gold around $1,200. Matt Zeman at Kingsview Financial said there is definitely some increase in the pace of physical purchases, and we are seeing short covering after prices started rising. Sun Zhaoxue at China National Gold Group said China should buy gold to back
READ MORE... →Salient to Investors: Robert Pavlik at Banyan Partners said the message various Fed governors are trying to send is no clearer than what was talked about by Bernanke last week, and sees no reason to buy on the pullback, and since there was not much follow through at least on the
READ MORE... →Salient to Investors: Jason Zweig writes: Good advice rarely changes, while markets change constantly. People need good advice, but want advice that sounds good. The advice that sounds the best in the short run is always the most dangerous in the long run. Everyone wants the magical low-risk, high-return investment
READ MORE... →Salient to Investors: Martin Feldstein at Harvard writes: Historically rapid monetary growth fuels high inflation. Germany’s hyperinflation in the 1920s and Latin America’s in the 1980s. More moderate shifts in US monetary growth rates fuel inflation. In the 1970s, money supply grew at an average annual rate of 9.6% and
READ MORE... →Salient to Investors: Kit Juckes at Societe Generale says each of the last three significant financial bubbles in the past 30 years have been fueled by the Fed keeping interest rates below the economy nominal GDP growth the fed funds rate. Juckes says in the past when year-over-year Nominal GDP
READ MORE... →Salient to Investors: Gold traders are divided on the outlook for prices, as gold is poised for the biggest quarterly drop in at least 9 decades after investors cut bullion holdings to a 3-year low. Thorsten Polleit at Degussa Goldhandel said we are already at distressed prices really oversold, but a
READ MORE... →Salient to Investors: Makoto Suzuki at Okasan Securities said Treasury yields have risen too much, and the stock market appears to be too optimistic about the US economic outlook. The median estimate of the Thomson Reuters/University of Michigan index of consumer sentiment is 83 for June versus the 6-year high of 84.5
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