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Breakout rallies in precious metals are not among equals, says BCA’s Ibrahim

From kitco.com

The entire precious metals sector has seen explosive investment demand, driving prices to multi-year highs. However, according to one market analyst, this breakout is not evenly distributed. In her latest note, Roukaya Ibrahim, Chief Strategist at BCA Research, reiterated her bullish outlook on gold but raised some red flags for silver, platinum, and palladium. Platinum in particular is attracting a lot of new investor attention, with prices breaking above $1,000 an ounce and gaining more than 50% so far this year. Meanwhile, silver prices are up more than 40%, trading near a 14-year high above $41 an ounce. Ibrahim ... (full story)

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  • Category: Fundamental Analysis