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Nicholas Brooks: Gold should remain a core asset in 2013

Tuesday, January 22, 2013

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Nicholas Brooks
From Komfie Manalo, Opalesque Asia:

Palladium, tin and coffee could offer interesting investment opportunities this year, said Nicholas Brooks, head of research and investment strategy for the ETF Securities group of companies, in an interview with Opalesque Radio’s Sona Blessing.

He believes palladium is interesting because it is used as an auto catalyst for gasoline cars. He added that the demand for cars, and the metal, is expected to rise, as the auto industry picks up -particularly as the U.S. and Chinese economies show signs of growth.

He noted that about 40% of the palladium is produced in South Africa where mining costs have risen and there have been labour issues. So supply source could be constrained from delivering in 2013. But he cautions that speculative position in the palladium futures markets are currently at high level.

Another metal that Brooks finds interesting this year is tin. Most Tin is produced in Indonesia but there have been some supply issues in the region, he said. Again, the economic rebound in China may well cause tin prices to go up.

Within the agricultural commodities complex, Brooks said, potentially coffee looks interesting, "just because it has come down so sharply over the past months, mainly due to expectations of a good crop out of Brazil."

He thinks the best way to play gold is by directly buying the metal via physically-backed exchanged......................

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