2019 Precious Metals Outlook: Fundamentals matter
Comment of the Day

December 12 2018

Commentary by Eoin Treacy

2019 Precious Metals Outlook: Fundamentals matter

Thanks to a subscriber for this report from UBS which may be of interest. Here is a section on palladium:

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area.

Rather than ask whether fundamentals matter of what the outlook is, perhaps it is better to ask whether precious metals are an uncorrelated asset? The answer to the first group of questions is obvious yes, fundamentals do matter and the relative cost of production coupled with demand profiles are important to the market. However, the relative cheapness of the precious metals, excluding palladium, makes them attractive for investors seeking to hedge exposure to increasing volatility in other asset classes.

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