07.10.2014 - Deutsche Bank Prefers Base Metals Over Precious for Investments
Industrial metals are displaying resilience, while base metals are preferred over bulks and precious metals, said Deutsche Bank analysts in a recently published third-quarter preview.“Base metal commodity prices have displayed resilience in the face of ongoing U.S. dollar strength, with our thesis of lower price volatility playing out,” said DB metals and mining analysts Jorge Beristain and Wilfredo Ortiz. “Of the industrial metals group, we expect nickel, lead and zinc will be the outperformers particularly since these markets have a relatively low exposure to the Chinese property market. However, the analysts advised that the 3Q14 earnings outlook is positive for industrial and precious metals. ..............................................Full Article: Source
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