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MJSA Precious Metals Forecast

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Friday, July 23, 2010

The Manufacturing Jewelers & Suppliers of America (MJSA) recently sent out a newsletter that included an article highlighting four precious metals and their short term outlook;  Platinum (Pt), Palladium (Pd), Gold (Au) and Silver (Ag). 


This Skyray XRF Blog was posted (with a link to that article below) because a large number of our clients use x-ray fluorescence in some method of precious metals analysis and would have an interest in how these metals will perform. Some users of the EDX600 for gold content have actually upgraded to the EDX3000 in the past because accurate knowledge of other metals content (specifically platinum and silver) could help them increase profits.   Additionally, this forecast speaks to the mining industry – one that has a growing interest in the Pocket-III Handheld XRF Analyzer from Skyray XRF.

The outlook from MJSA begins…
Rising gold prices were the talk of the town in 2009, as the jewelry industry watched the yellow metal hit an all-time high of $1,218.30. The effect of this stunning climb can be seen in some key jewelry metals trends today, including an increased use of silver, even by manufacturers who previously worked solely in gold, and a growing interest in alternative metals. (For more on metals trends, see the July MJSA Journal print edition.)
           The full outlook with an overview of all four metals can be read through this link

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