Gold may be on most analysts minds these days as they take their best guesses on which way it’s headed, but at least one contrarian is turning bullish for a different metal: platinum.
Craig Brockie of Contrarian Investment Advisors tells SeekingAlpha.com about several compelling opportunities in the works, saying:
After a close study of J.P. Morgan’s recent 111-page research report on platinum and palladium, with special emphasis on South African producers, I am very bullish on select North American platinum and palladium producers and developers.
Here is Brockie’s summary of the report:
- Global inventories of platinum and palladium are rapidly depleting.
- Major South African producers are reducing production.
- Russian ministers are meeting again with South African ministers in November in efforts to establish a global Pt/Pd cartel.
- North America holds large Pt/Pd resources, and select producers/developers could benefit significantly from the coming bull market.
- After a close review of North American producers and developers, I favor Stillwater Mining and Wellgreen Platinum.
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