Salient to Investors: 12 analysts expect gold prices to rise next week, 9 fall and 8 neutral, the highest proportion of bulls since April 26. Wolfgang Wrzesniok-Rossbach at Degussa Goldhandel said gold purchases outpaced sales by 9 to 1 versus 4 to 1 in Q1. Daniel Briesemann at Commerzbank said gold should
READ MORE... →Salient to Investors: Bruce Stout at Aberdeen Asset Mgmt says: Optimism is too high for stocks and bond yields are too low His fund’s fixed-income holdings are at the lowest level in 25 years. The main problem is trying to get yield in a world where there is no yield, but
READ MORE... →Salient to Investors: Paul Tudor Jones at Tudor Investment apologized for saying that women cannot compete with men as macro traders after having children, that you will never see as many great women investors or traders as men, and women often turn their focus to raising children at a crucial time
READ MORE... →Salient to Investors: Cyril Castelli at Rcube SAS says the decline is just a correction presents a buying opportunity: valuations are attractive, it is a much better liquidity environment and there is potentially a large run-up in euro-zone equities. The Stoxx 600 is at 13.6 times estimated earnings, the highest since January
READ MORE... →Salient to Investors: Mark Matthews at Bank Julius Baer said the bull market will resume because of compelling fundamentals. Eisuke Sakakibara said Japanese equities had risen too much, too fast, especially financial stocks, and needed a correction before resuming their climb. J. Kyle Bass at Hayman Advisors said selling from JGB investors has overwhelmed
READ MORE... →Salient to Investors: Jeffrey Kleintop at LPL Financial said US companies announced $275 billion of repurchases this quarter, the highest in more than 5 years. 79 percent of buyback orders at Goldman Sachs corporate trading desk were active yesterday, the most in 2013. Jim Welsh at Forward Mgmt said the overall buy-the-dip
READ MORE... →Salient to Investors: Hedge funds continue to be an overpriced, middling asset class. Goldman Sachs found that hedge funds returned an average of 5 percent in 2013 versus a 15 percent gain in the S&P 500, while only 5 percent of the funds beat the S&P and more than 1
READ MORE... →Salient to Investors: Akamai Technologies said China accounted for 41 percent of the world’s computer-attack traffic in Q4 2012 – more than 3 times a year ago and versus 33 percent in Q3 2012 – followed by the US with 10 percent. Verizon said China accounted for 96 percent of all global espionage
READ MORE... →Salient to Investors: Wu Kan at Dazhong Insurance said investors are avoiding stocks related to traditional manufacturing industries, while the selloff in Japan has spread risk-off sentiment across the region. The Shanghai Composite is at 9.3 times 12-month estimated earnings versus a 7-yr average of 15.7 times. Ken Peng at BNP Paribas said the
READ MORE... →Salient to Investors: Carlos Perez-Santalla at Marex North America said nervous investors are turning to gold as everything else looks very bleak, while the weakness in the dollar is supportive for gold. David Govett at Marex Spectron said bullion has no real direction whatsoever: moves are massively over-exaggerated due to
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