Gold prices are usually guaranteed to generate considerable disagreement about future direction –- it’s a metal with perennial bulls supporting an ever-higher price and equally committed bears who see no justification in a price much higher than the cost of production.
Within the commodity space, perhaps the most bullish fundamentals belong to the Platinum Group Metals. Both platinum and palladium have similar industrial and commercial uses as well as demand growth, and both suffer from a less than secure supply.
Peter Krauth, resource specialist for Money Map Press, considers the precious metals space an overarching requirement for investors. He sees value in every sector, although he admits it takes a contrarian mindset to see the opportunities.
Some people may look at the stock market and see economic recovery. Eric Sprott of Sprott Asset Management and Sprott Money looks at myriad other economic indicators and sees an economy still in decline.
So, to mark the demise of the Trillion-Dollar Coin idea, platinum just did something it's not managed in almost a year. Its price rose above the price of gold Tuesday morning for the first time since mid-March 2012.
Global deficit hawks are driving forward with their austerity programs. They don’t get it – private firms, despite having piles of cash, will not let go of the purse strings if we fail to make adequate infrastructure investments.