Platinum, Palladium to Continue Bull Run

Source: NASDAQ (11/8/10)

"Pt and Pd prices expected to average $1,650/oz. and $520/oz. in 2011"

Even as French investment bank Natixis predicted that the gold prices would fall in 2011, it is bullish on platinum and palladium.

According to the bank's forecast, platinum and palladium prices are expected to average $1,650/oz. and $520/oz., respectively in 2011. Growing automotive sales in developing economies will underpin demand for the metals, used in auto catalysts to clean exhaust emissions, the bank said.

Meanwhile, Norilsk Nickel, the world's biggest producer of auto catalyst metal palladium, said it expected Russian state stocks of the white metal to be finished next year.

This year will be the last year when any substantial quantity from this stock has any chance to enter the market, it said. Officially, levels of Russian metals stocks are a state secret.

Palladium prices have risen to nine-year highs in recent weeks amid speculation that supply would fail to keep pace with a recovery in demand, particularly from US and Chinese carmakers, this year and next.

The metal hit a peak of $602.50 an ounce last week, its strongest level since mid-2001.

Sales of metal from Russian palladium stockpiles have been a key component in overall supply for years. Metals refiner Johnson Matthey estimated in a report earlier this year that such sales amounted to 960,000 ounces in 2009. Without these sales, the palladium market would have been in a deficit of some 200,000 ounces.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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