Kitco News speaks with Precious Metals Insights' Philip Klapwijk to get
his outlook for gold, silver, platinum & palladium. According to
Klapwijk, it is clear that precious metals will remain in a bear market
trend in 2014. Klapwijk says that a lot of early movers started to
lighten their position in gold and exit the market when many started
concluding that gold prices peaked in 2011 & 2012. "That, in itself,
represented a massive loss of momentum [...] then along came other
factors, such as the fact that QE started to become negative rather than
positive [for gold]," he adds. With regards to the mining industry,
Klapwijk says he expects marginal growth in global mine production and
only sees a decline come 2015 or 2016. Watch now to see which metal
Klapwijk expects to outshine the other metals and what price range he is
looking at. Kitco News, December 10, 2013.
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