The Phaserl


Precious Metals: Down for the Count?

by Sasha Cekerevac, Investment Contrarians:

The recent weakness in many precious metals has led some to believe the investment opportunity in that sector is over. However, I don’t believe that’s true—not all of the precious metals have the same fundamental drivers and thus have had varying levels of performance.

While some precious metals, such as silver, have dropped over the past couple of months, palladium continues to remain very strong. This strength is driven primarily by fundamental demand, especially in the automotive sector. Palladium is used in catalytic converters fueled by gasoline, the primary fuel in North America.

As you may or may not be aware, vehicle sales in North America are currently very strong. This strong level of sales is based on several factors, including a fleet of cars that is extremely old, low levels of interest rates providing cheap financing, and an economy that is beginning to recover.

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