The Best Performing Precious Metal So Far In 2014 Is Palladium

The first half of the year 2014 is history. Time for a quick evaluation of the metals’ performance. Obviously, Goldchartsrus offers the best in class charts to answer our question.

The following chart is self explanatory. The clear conclusions that stand out of the chart:

  • Palladium is by far the best performer among the precious metals. Since the start of this year it’s price has increased with 18% (approximately) while the second performer (silver) added 10% to its price.
  • The other three metals have a very similar percentual rise over 6 months.
  • Silver has been the laggard till early June when it accelerated its rise in a very short time span. This is the “restless” characteristic of silver.
  • Platinum and palladium are usually highly correlated but have seen a divergence in March and April.

precious_metals_prices_H1_2014

 

Looking back to the 2014 Forecasts And Predictions, it appears that – so far – the most reliable forecasts were made by Scotia Mocatta, Commerzbank, and Barclays.

The absolute missers come from the heavy weights in the financial sector: Goldman Sachs, JP Morgan, UBS, Credit Suisse, Société Générale. Their appetite to short the metals for maximum gain appears insatiable, even after the crash of 2013.

 

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