Platium & Palladium - 2010/2011
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Looking for higher pricing on both moving into next year, interesting about the Palladium forcasting which is something that is commonly forgotten about and the focus is on Platium!
MMW still looks very undervalued in my books!!!!
UBS lowered its 2010 platinum forecast marginally from $1625/oz to $1,600/oz. "We also estimated a 77 koz surplus this year," the analysts said.
The 2011 forecast now sits at $1700/oz, an increase of $43 per ounce. Long-term nominal and real prices have been revised by 7% to $2069 and $1823.
UBS analysts are more enthusiastic for palladium over platinum for the remainder of this year and are forecasting a 74 koz palladium deficit.
They predicted that palladium will average $470/oz this year, a one percent increase over UBS' previous forecast. The 2011 forecast rises to $525/oz, $35 higher than previously predicted.
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