Platinum likely to outclass among precious metals

July 5, 2016

Platinum: Improved investor sentiment on PGMs and anticipated increases in physical investment purchases in 2016 have prompted an upward revision to our platinum price forecast from the last quarterly review.

Lower mine supply from South Africa this year and an uncertain outlook for scrap flows amid a weak steel price environment are expected to result in tighter market fundamentals.

The platinum market is expected to experience a deficit of 195,000 oz in 2016, following a surplus of 54,000 oz last year.

Palladium: Today, understanding palladium is more important than ever because there are important correlations between the palladium/gold ratio and stock market prices.

Currently, the ratio of palladium to gold is giving warning signals for both the economy and the stock markets.

As a commodity, palladium bullion has ISO currency codes of XPD and 964. Reputed investment bank Societe Generale revised up the projected price for palladium in 2016 from $550 to $575 per ounce and in 2017 from $600 to $700.

Technically XPDUSD: D1 is in mid-term rising trend below its 200-day moving average. Previously it has formed the “double bottom” technical pattern near the support of the channel on the daily chart.

Publication source
Vinson Financials Ltd information  Vinson Financials Ltd reviews

December 6, 2016
Shale sector tries to reap the gains of the OPEC deal
The prices extend gains after OPEC’s output cut deal brings short-term optimism. Forward market shows that the US oil producers are rushing to lock the profit, selling oil contracts for above $50 a barrel at the start of 2018...
December 5, 2016
Crisis Lite
The Italian referendum on constitutional reform saw voters reject the proposals in front of them, in a fairly decisive manner. As such, Italian PM Renzi will tender his resignation today and this became part of the issue...
December 2, 2016
Oil may remain above $50
The Oil price continued to push higher today reaching its highest level in over a year with some predicting that the OPEC deal reached yesterday was a game changer and further gains are expected...

EXNESS Rating
Fort Financial Services Rating
Larson&Holz IT Ltd Rating
OctaFX Rating
FIBO Group Rating
XM Rating

Grand Option Rating
EZTrader Rating
TropicalTrade Rating
365BinaryOption Rating
Beeoptions Rating
Porter Finance Rating