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Global Macro: Improving Economy Increases Platinum Demand

The chart below shows the price action of ETFS Physical Platinum Shares (PPLT) over the past year. The uncertainty over U.S. monetary policy in May spurred a selloff to yearly lows. For the remainder of 2013 the prices have oscillated within a wide range.

PPLT ChartPPLT data by YCharts

Platinum has not yet begun to ascend, but the widening deficit and improved economic outlook should correct this. If prices spike higher in 2014, it could ignite a pickup of global inflation. That in turn would cause central banks to more closely monitor their aggressive monetary stimulus policies.

[Read: Job Search Resolutions for the New Year]


At the time of publication the author had no position in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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