continued good news31 Dec 2010 08:54
PLATINUM prices are expected to continue their upward trajectory next year as demand for the metal remains firm, but it is sister metal palladium that is expected to be a standout performer.
Last year’s winner in price terms, palladium, is set to extend its rally still further next year as demand from emerging markets such as China continues to grow, but platinum, which has lagged its sister metal’s gains, is also in the spotlight.
"We forecast that once again palladium will remain the best-performing precious metal, but we also expect platinum will play catch-up from its lacklustre 2010 showing," said UBS analyst Edel Tully in an end-of-year report.
Palladium is on track for a whopping 82% price rise this year, outstripping platinum’s 16% rise and gold’s 25% climb.
"Under these circumstances, we could see the platinum price spike over $2000/oz over the next two years," he said. "However, there is a potential risk to the platinum price should the gold price undergo a downside correction and European sovereign risk problems heighten once more."
source: http://www.businessday.co.za/articles/Content.aspx?id=130470
BaileyClark, you're welcome. and happy new year!