Posted On: 01/09/2013 4:20:13 PM
Post# of 29851
$PAL
Palladium to Outshine The Rest
Palladium is a black sheep of sorts, as it very rarely gets the same attention that its three counterparts do. But for those who do pay attention to this metal, things seem to be quite rosy for the next few years. Citi thinks that this year’s average price of $638/oz will be shattered in the next two years, with prices shooting up to $744 in 2013 and $925 the year after. That would mark a 44% increase in just two years for this precious commodity. With auto markets recovering, Citi predicts that growing demand and tight supplies will lead to a deficit in the palladium market, pushing up prices.
From Citibank Precious Metals Outlook
Palladium to Outshine The Rest
Palladium is a black sheep of sorts, as it very rarely gets the same attention that its three counterparts do. But for those who do pay attention to this metal, things seem to be quite rosy for the next few years. Citi thinks that this year’s average price of $638/oz will be shattered in the next two years, with prices shooting up to $744 in 2013 and $925 the year after. That would mark a 44% increase in just two years for this precious commodity. With auto markets recovering, Citi predicts that growing demand and tight supplies will lead to a deficit in the palladium market, pushing up prices.
From Citibank Precious Metals Outlook
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