Golden Opportunities In The Yellow Metal

New York (June 28)  It is time to nibble on gold stocks according to Barrons technical analyst Michael Kahn. Numerous signs suggest a decent rally is in the cards for gold, says Kahn, who argues the extreme bearishness of this cycle will leave no sellers left, while incremental buying will pull bullion up. Similarly, Swiss-based Incrementum published its latest “In Gold We Trust” report predicting a gold rally to $1,500 over 12 months. Incrementum argues that current monetary experiments will have unintended consequences difficult to gauge today, and gold should be your hedge for worst case scenarios.

The supply deficit for platinum is estimated at 818,823 ounces this year, according to New York-based commodities research CPM Group. The estimated supply shortfall will be the largest ever platinum deficit, which is vulnerable to operational disruptions in South Africa, which accounts for 73 percent of global supply. Although the South African five-month long platinum strike was declared officially over, analysts expect that it will take months before mines can ramp up to full capacity, further exacerbating the supply shortfall expected for this year.

Source: Barrons