Gold Bulls Return as Wagers on Stimulus Accumulate: Commodities – Bloomberg 12-08-14

Salient to Investors:

  • Speculators boosted bullish gold bets to a 3-month high.
  • Frank Holmes at US Global Investors said gold prices have to rise because of the sheer size of the monetization of global debt – gold is insurance.
  • Jessica Fung at BMO Capital Markets sees very little prospect of a significant gold upside unless there is another financial crisis. Fung said markets have alternatives to gold and other assets which generate decent returns.
  • Michael Underhill at Capital Innovations said producers are holding back inventory and growing the herd, in swine as well as cattle and were able to feed and fatten them up with a bumper crop in corn in 2014.

Read the full article at http://www.bloomberg.com/news/2014-12-07/gold-bulls-return-as-wagers-on-stimulus-accumulate-commodities.html

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