Credit Suisse: Platinum will rise well above $2,700/oz in the coming years
According to Zero Hedge:
Credit Suisse are bullish on the PGM’s of platinum and palladium. They favour them over gold and silver as they say that they are more cyclical and less dependent on investment flows. Therefore they believe that there is more upside likely for platinum and palladium.
We believe that due to the very favourable supply demand dynamics in the platinum market, it should rise well above the inflation adjusted record high from 1980 at $2,700/oz in the coming years from $1,571/oz today.
That's interesting because I ran PPLT (Platinum ETF) and GLD (The gold ETF) through the yahoo point and figure chart which basically describes trends (direction) and forecasts price reversal points (and based on the daily it is meant as a long term forecast) show Gold dropping back to the $1300-1400 range before reversing its long term trend, while it indicated Platinum will rise to the mid $2000s before any trend reversal occurs.