14.01.2014 - Industrial metals to gain strength, trading strategy for 2014 : Barclays
Industrial metals are set to gain strength in 2014 on improving demand and slower supply growth but a stronger US dollar, reduced monetary stimulus and the fragility of the global economic recovery could also create headwinds, according to Barclays Research. Barclays pointed out that 2014 may mark the end of one of the strongest ever periods for base metals supply growth, while leading manufacturing indicators are signallaing stronger consumption. " For the first time in several years, the balance of risks is shifting to the upside. "Subsequently, we favour buying the dips, especially given the higher prices we expect over the next couple of years," Barclays said...............................................Full Article: Source
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