FXstreet.com (Córdoba) - Bart Melek, Head of Commodity Strategy at TD Securities writes that "TDS does project better commodity prices in the final three months of 2012 and into 2013, with gold, silver, PGMs and oil all heading higher." According to the strategist "the key catalysts are—a rising probability of outright US balance sheet expansion (Treasury, MBS, agency paper purchases), Chinese monetary/fiscal stimulus and the authorization of some sort of direct sovereign debt purchasing."
"Investment demand for precious metals, especially gold, and consumption of materials associated with industrial fabrication should all improve as a result, lifting prices. Those commodities with weak supply fundamentals such as copper and palladium should benefit most. Silver should do well due to its gold-like qualities and its strong link to industrial demand." He explains.
"Investment demand for precious metals, especially gold, and consumption of materials associated with industrial fabrication should all improve as a result, lifting prices. Those commodities with weak supply fundamentals such as copper and palladium should benefit most. Silver should do well due to its gold-like qualities and its strong link to industrial demand." He explains.
