Silver has seen a significant 50% increase in US dollar terms over the past year, while gold has seen a near-40% return. However, platinum and palladium have not performed as well, with gains of only 11% and 7% respectively. Despite this, platinum’s unique properties and increasing demand from industries such as automotive, industrial, and hydrogen production suggest a positive future outlook. The World Platinum Investment Council predicts a market deficit for platinum, leading to potential price increases. Factors such as delays in mining projects and the historical significance of platinum as a monetary metal could also drive its value higher in the future. The article discusses the potential for platinum and palladium prices to increase significantly due to various factors such as Chinese economic stimulus measures and Russia’s Ministry of Finance buying platinum in 2025. While platinum is expected to see a significant price increase, palladium’s price could also rise, especially if there is a major interruption in Russian palladium supply. Investors can consider playing the potential price rises through companies like Sibanye-Stillwater or exchange-traded commodities like WisdomTree Physical Platinum and WisdomTree Physical Palladium.
Full Article
Tesla Stock Has Crashed 50% and Investors Just Got Bad News From One of Wall Street's Biggest Bulls
Tesla (TSLA -0.13%) stock peaked at $480 in December but has since fallen 50%, as CEO Elon Musk's political involvement has led to a "brand crisis," according to analyst Dan Ives at Wedbush Securities. Despite previously optimistic projections for Tesla, Ives warns that Musk's actions risk "permanent brand destruction," prompting a cut in the target price to $315 per share. While Wall Street has lowered earnings estimates, Tesla's upcoming ventures into robotaxis and robotics present...
Read more