Salient to Investors: A Bloomberg Industries index of 20 mid-tier gold miners has risen 1.3 percent in the past 3 versus a 19 percent decline in an index of 14 senior gold miners. Craig West at GMP Securities said intermediate gold miners offer more upside. Read the full article at http://www.bloomberg.com/news/2012-11-09/barrick-gold-s-former-chief-sees-virtue-in-being-small.html
READ MORE... →Salient to Investors: More US ETFs and ETNs are being liquidated than ever before, victims of investor disinterest after their and assets expanded 111 percent versus 11 percent increase for active managers. Competition has squeezed smaller funds after BlackRock cut fees and the five-biggest securities collected 25 percent of the industry’s assets.
READ MORE... →Salient to Investors: Gerrit Zambo at Bayerische Landesbank said the downside risk is higher than to the upside potential as there is still a chance of a mild recession and the oil market is saturated with supply. Crude in New York is in a downtrend channel on the daily chart, while futures have traded between
READ MORE... →Salient to Investors: Gold traders are the most bullish since Aug. 24. ETP holdings account for almost a year of mine production. Gold rose 70 percent as the Fed bought $2.3 trillion of debt in two rounds of quantitative easing from December 2008 through June 2011. Gold is headed for a 12th
READ MORE... →Salient to Investors: Ed Parker at Fitch Ratings said the US will be tipped back into recession if policy makers fail to avoid the fiscal cliff, affecting growth of country. Fitch may downgrade the US in 2013 unless lawmakers avoid automatic tax boosts and budget cuts and raise the debt ceiling. Read the
READ MORE... →Salient to Investors: Neel Kashkari at Pimco said stock-market volatility will increase by the end of the year as Congress delays reaching a resolution on extending spending and tax cuts until 2013. Kashkari sees brinkmanship like with the debt ceiling a year ago, and choppy markets up until the last second when a
READ MORE... →Salient to Investors: Jeremy Lawson at BNP Paribas said the outlook in emerging markets is stronger than in Europe, and that’s where we would expect to see export growth. JPMorgan Chase expect Q3 GDP at a 2.8 percent annual rate. Scott Brown at Raymond James said job destruction has been trending very low, but the
READ MORE... →Salient to Investors: A strengthening economy will boost the president’s second term.The easy-money policy of the past four years is likely to continue throughout Obama’s second term. Job growth will increase tax revenue and help shrink the budget deficit while keeping taxes low and preserving essential spending – all without any magic from
READ MORE... →Salient to Investors: The European Private Equity & Venture Capital Assn said European venture firms raised 50 percent more venture capital than in 2010. Lars Hinrichs at HackFwd said there are more angel investors than startups in London and Berlin – we have too much money in seed and late-stage investing.” Carlos Eduardo
READ MORE... →Salient to Investors: Fred Schoenstein at Heraeus Precious Metals Management is bullish on gold because we’ll have quantitative easing for a while, though gold is squelched for the moment because the jobless numbers were better than expected. Read the full article at http://www.bloomberg.com/news/2012-11-08/gold-rises-as-investors-increase-etp-holdings-to-all-time-high.html
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