OUTLOOK 2014: Palladium To Be Outlier – Klapwijk on Kitco News

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Kitco News speaks with Precious Metals Insights’ Philip Klapwijk to get his outlook for gold, silver, platinum & palladium. According to Klapwijk, it is clear that precious metals will remain in a bear market trend in 2014. Klapwijk says that a lot of early movers started to lighten their position in gold and exit the market when many started concluding that gold prices peaked in 2011 & 2012. “That, in itself, represented a massive loss of momentum […] then along came other factors, such as the fact that QE started to become negative rather than positive [for gold],” he adds. With regards to the mining industry, Klapwijk says he expects marginal growth in global mine production and only sees a decline come 2015 or 2016. Watch now to see which metal Klapwijk expects to outshine the other metals and what price range he is looking at. Kitco News, December 10, 2013.

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