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BMO: PGMs, nickel could buck 2Q seasonal trend; 2014 gold forecast revised to $1,263/oz

Posted on 17 April 2014

This could be the year that certain industrially oriented metals rise in the second quarter, thereby bucking their seasonal trend, said BMO Capital Markets.
“Nickel and the PGMs (platinum group metals) are experiencing specific supply disruptions that, if sustained, could maintain upside price support through a traditionally weak season and potentially over the longer term,” the firm said. Copper has underperformed for the year to date but could improve as prices normalize to reflect a tight market this year, the bank said………………………………………..Full Article: Source


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