Investment management firm Swiss Asia Capital is actively buying and holding onto the yellow metal as a long-term investment strategy.
Credit issues may return if inventory remains unused and production cycle is uncontrolled, says Juerg Kiener, MD & CIO, Swiss Asia Capital.
Juerg Kiener of Swiss Asia Capital does not see the Fed hiking rates. In case they do then Fed is likely to reverse that quickly, he adds.
In an interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, Juerg Kiener, MD & CIO of Swiss Asia Capital shared his reading and outlook on commodities market.
Juerg Kiener does not see the fall in crude price affecting nations like North America as they have business sustainability of about USD 80 per barrel. Also, the fall will affect Europe only if it goes below USD 95 per barrel, he adds.
Key oil producing county Iraq has not announced yet that their output if falling, but if this violence spreads then output could contracting, says Juerg Kiener, MD & CIO, Swiss Asia Capital.
Kiener, managing director and chief investment officer, Swiss Asia is bullish on the asset class' long-term prospects as investors are likely to pull out money from the equities market and allocate them in gold.
There has been a severe fall in crude prices over the last few days and Juerg Kiener of Swiss Asia Capital believes it is due to the weak economic fundamentals all over the world, in countries like US, Europe, India, China and Japan. He believes Brent crude is likely to range between USD 100-120 per barrel in the near term.
Investors would need to keep at least 10 to 30% of their portfolio in physical gold to preserve their wealth when money starts losing value amid expectations of further stimulus measures from major central banks, according to Juerg Kiener, Managing Director and Chief Investment Officer of Swiss Asia Capital.
With the recent drubbing in crude prices, investors should start accumulating oil at USD 80-85, advises Juerg Kiener, MD & CIO, Swiss Asia Capital.
Juerg Kiener, managing director & chief investment officer, Swiss Asia Capital analyses the commodities space and gives his view on gold, silver and crude.
Talking about the commodity space on CNBC-TV18 is Juerg Kiener, the MD & CIO of Swiss Asia Capital. He breaks down the base metals space and says he is looking to add exposure to the same.
2012 marks the presidency elections in the United States. Also, expectations of the Fed unleashing QE3 in the months ahead are also high. But will QE3 prove to be an adrenalin boost for commodity markets and precious metals?
In the current environment, Juerg Kiener the Managing Director & CIO of Swiss Asia Capital expects a QE exercise to help boost the system again.
Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital expects crude (Brent) to trade between USD 100-110 per barrel in this quarter. “On a technical basis, oil can correct a bit further. But from demand side we are going to look at the snapback to higher levels into next year,” he added.
Juerg Kiener, managing director and chief investment officer (MD&CIO), Swiss Asia Capital sees gold topping USD 2,00o per ounce by next month.
The market is trading on a sombre note on Wednesday over concerns of rising crude prices. Juerg Kiener, managing director & chief investment officer at Swiss Asia Capital says that crude prices are likely to surge in the medium term.
In an interview with CNBC-TV18, Juerg Kiener, MD and CIO, Swiss Asia Capital said the underlying trend for crude is still very bullish. He is also bullish on gold and silver.
Juerg Kiener the MD & CIO of Swiss Asia Capital, in an interview on CNBC-TV18 gave his readings of how he sees crude playing out. "I see crude touching USD 90-95/bbl on the downside, however, on the upside it may touch USD 120-125/bbl," he says.
The rally in equity markets has clearly been surpassed by the rally that we have seen in several commodities, notably, gold but not necessarily only gold and silver. Juerg Kiener, MD & CIO of Swiss Asia Capital spoke about how he sees these asset classes likely to perform especially vis-à-vis other asset classes.
Commenting on his outlook for gold, Juerg Kiener of Swiss Asia Capital said, gold could be significantly higher in the next 12-months. However, he said, "We expect resources like uranium and silver to outperform gold."