Salient to Investors: Europe accounts for 25% of global demand: platinum is used in diesel vehicles and the biggest diesel-auto market is in Europe. Johnson Matthey said catalytic converters in cars account for 38% of platinum demand. Platinum’s 60-day historical volatility is the lowest since February 1997 amid fading investor
READ MORE... →Salient to Investors: Hedge funds et al are the most bullish on gold since November 2012. Jeffrey Currie at Goldman Sachs expects $1,050 by year-end as the economy improves. Abhishek Chinchalkar at AnandRathi Commodities said prices are a little overstretched technically as funds are overbought, while gold is vulnerable to
READ MORE... →Salient to Investors: Jim Rogers said: Precious metals are overdue for a modest rally as everybody got negative and everybody got short. Won’t buy or sell the rally, but wait until later in the yearn when gold will fall and hopefully make a nice bottom around $900-$1100 so we can
READ MORE... →Salient to Investors: Morgan Stanley said ETF selling and a stronger dollar is the largest headwind facing gold, so should either trend ease, physical demand via jewelry sales and central bank buying could provide key support. Feng Liang at GF Futures said prospects for the US economy remain positive and expectations
READ MORE... →Salient to Investors: 20 analysts expect gold prices to fall next week, 11 to rise, 3 neutral – the highest proportion of bears since Dec. 30, 2011. Gold is below its 200-day moving average, indicating more declines may follow. Gold fell in March in 6 of the last 9 years. Hedge
READ MORE... →Salient to Investors: Johnson Matthey said platinum output dropped 10 percent in 2012: auto catalysts account for 33 percent of global demand, and industrial applications account for 28 percent. James Cordier at Optionsellers.com said platinum fundamentals are very bullish as end-users rush to secure supplies. JPMorgan Chase said platinum and
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