Platinum To Outperform Gold Says TD Securities

Kitco News speaks with TD Securities’ Head of Commodity Strategy Bart Melek about gold and silver prices as well as his positive outlook for platinum. As investors await Fed tapering, Melek says the market is now “comfortable” with the idea and expects upside in the coming days. “However, gold continues to be in a bear market longer term because we expect yields to increase,” he says. With regards to platinum, Melek expects the metal to outperform gold mainly because fundamentals for platinum will tighten up and lead to deficits for the next few years. “We think there will be scarcity for platinum,” he adds. Watch now to hear his outlook for the precious metals. Kitco News, August 20, 2013. (show less)

Kitco News speaks with TD Securities’ Head of Commodity Strategy Bart Melek about gold and silver prices as well as his positive outlook for platinum. As investors await Fed tapering, Melek says the market is now “comfortable” with the idea and expects upside in the coming days. “However, gold continues to be in a bear market longer term because we expect yields to increase,” he says. With regards to platinum, Melek expects the metal to outperform gold mainly ... (read more)

On The Spot

On The Spot
Editor-in-Chief Daniela Cambone puts some of the A-list names in the commodities space 'on the spot'. From key political & economic leaders to metal market opponents, she has guests from all over the globe answer some of the most challenging questions surrounding the resource industry. Tune in to hear what the elite have to say about the hottest topics in the industry.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.