Gold Stocks (GDX) Tumble, Platinum Stocks Set to Rise?

IBTimes reported as gold continues to underperform, platinum has garnered analysts’ attention.

As quoted in the market news:

Platinum, which offers a hedge against ongoing currency debasement and benefits from economic growth in emerging markets through its industrial uses, has been the topic of bullish commentary by several market strategists and investors this year.

NP Paribas Strategist, Anne-Laure Tremblay said:

Platinum autocatalyst demand continues to be supported by strength in the commercial vehicle sector, notably in Europe and the US.  In addition, platinum’s positive correlation with gold and firm Chinese jewellery demand are also supportive.

Click here to read the full IBTimes report.