Business

Playing Precious Metals Through ETFs

Business
@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

MRplatinum-ore

Fox Business – Step aside gold, its platinum and palladium’s time to shine. The two metals are off to a strong start this year, sending exchange-traded funds indexed to the precious metals to 17-month highs.

Palladium prices are up 11% so far this year while Platinum has rallied nearly 10%. Supply worries due to mine closures in South Africa coupled with reports that Zimbabwe’s government is seizing land from platinum producer Zimplats Holdings are raising fears of a supply shortage, and investors are looking to cash in.

Strong auto sales in the U.S. and China are also adding demand since both platinum and palladium are used in catalytic converters. U.S. automakers reported a 14.2% sales increase in January from a year earlier while China reported a 46% surge.

—–
—–

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

More in Business

M_Id_460172_Spectrum_auction

How Congress Should Function: Spectrum Auction is Bipartisanship in Action

Steve FoleyJan 30, 2015
mcdonalds ceo out cnbc

McDonalds CEO Departs Amid Stagnant Sales

Streetwise_ITJan 29, 2015
A customer holds an iPhone 6  and iPhone 6 Plus after the phones went on sale at the Fifth Avenue Apple store in Manhattan, New York

Thanks to iPhone 6 sales, Apple ties with Samsung for top smartphone rank

Candice LanierJan 29, 2015
inet

Leader of Soros-Founded INET: Rich are Ready to Flee in Case of Uprising

Steve FoleyJan 29, 2015
IBM_CeBIT_2010 via Patrick H Flickr Wiki-s

Layoffs- Is IBM Prepping The Big One?

Streetwise_ITJan 27, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

February 2013
M T W T F S S
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
25262728  

Archives

Copyright © 2014 The Minority Report Network