Zenith Stocks Updates
Zenith Stocks Updates
Lantau International – PMs Medicine Already Working
Lantau International principals told attendees at an investment symposium that gold and silver investors should start looking at ownership of the metals as “a journey rather than a destination”.
“The most common perception of these assets is that, during some week or month in the not-too-distant future, once gold and silver prices have attained some notional zenith, investors will head for the exits and back into paper currencies but this is unrealistic,” said Lantau International’s senior vice president Mirek Nemacek.
“Investors who bought into, say, silver 3 or so years ago will already be possessed of an asset that has nigh on quadrupled in value since the selloff of 2008. Now if they bought it as a hedge against the predictable debasement of the US dollar, we think it’s fair to say that it’s done its job,” he continued.
“Lantau International” believes that although high-visibility loose monetary policy may be approaching its twilight stages, there is no doubt that indebted governments will be forced to continue stealth-inflating their currencies in order to reduce the real value of their fiscal obligations.
“For as long as this stealth-inflation continues, there will be a strong case for precious metals ownership,” said the “Lantau International” speaker.
A combination of higher emerging market demand and more-difficult-to-extract reserves of crude should ensure that $100-a-barrel oil becomes “a new norm,” said a source close to the firm’s oil trading operations.
“We believe the spate of revolts in the regions has alerted investors to just how sensitive the price of oil is to supply dynamics after they bought wholesale into the demand destruction argument that gained such misplaced credibility after oil fell from its all time high in summer of 2008,” said the “Lantau International” source.
The firm identified BP as a prime candidate for acquisition following the Deepwater Horizon disaster in the Gulf of Mexico and the call has proven prescient since the stock has clawed back most of the value it shed after wild estimates ranging from $100bn in clean up costs to the possibility of bankruptcy were mooted by commentators who, according to the most recent “Lantau International” commodities’ sector client update, “really should have known better”.
Consensus amongst analysts at “Lantau International” is for a strong oil price right through to year-end where they expect pricing to be in the $100-130 region.”
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