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Mid-Year Check of Precious Metals

Mid-Year Check of Precious Metals
Category: Market Reports
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Posted: 06-22-2016 12:50:00 PM

With unease and instability, comes renewed interest in safe haven investments such as precious metals. Buckle your seatbelts. This ride could get exciting…

We’re six months into 2016 and it’s been quite a ride so far. Beginning in early February, gold prices took off and produced the biggest quarterly rally in the last three decades. Now having crested over $1,300 an ounce, we’re far above last December when gold’s spot price lagged at $1,057 per ounce (a five-year low).

Let’s take a look at spot price differentials for all four precious metals to gauge the 2016 year so far:

Metal Jan. 2016 Jun. 2016 Change
Gold $1,061.90 $1,268.30 + 26%
Silver $13.86 $17.31 + 20%
Platinum $892.65 $986.40 + 10%
Palladium $564.15 $560.70 – 1%

Another positive? These figures don’t take into account the level of increased interest in gold and silver-backed exchange traded funds (ETFs).

This week should see significant interest in precious metals on the global stage, with everyone awaiting the outcome of England’s Brexit referendum vote. Will they vote to stay in the European Union (EU) or vote to leave it? Surprisingly, there’s still no clear picture of which way voters will swing on this precarious issue.

With unease and instability, comes renewed interest in safe haven investments such as precious metals. Buckle your seatbelts. This ride could get exciting…

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About The Author

Walter Pehowich Author Name: Walter Pehowich
This editorial has been prepared by Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept the foregoing.

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