lewins forecast re platinum outlook valid, page-2

Barclays also supports Lewins view

Platinum Gains on Speculation Demand to Climb; Palladium Falls
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By Halia Pavliva

July 17 (Bloomberg) -- Platinum rose on speculation that a stabilizing global economy will increase demand for the metal from jewelry producers and automakers. Palladium fell.
“Expectations for a pickup in the auto sector coupled with the sharp increase in jewelry demand and robust investment demand is likely to tighten the market,” Suki Cooper, a Barclays Capital analyst in London, said in a report. Labor disputes may also boost prices by limiting supplies, she said.