Smith McKenna LLC: Precious Metals Demand Increasing as Businesses Publish Q1 Numbers

Share Article

Precious metal news and prices are working in unison as major companies like Alcoa Inc. release their first quarter business data. Projections for demand in the near future are extremely promising for the major nations, which will only drive prices further north.

Silver and Gold Broker Logo

Smith Mckenna Logo

This is just the beginning of the economic rebound

Ongoing forecasts and newly released business reports continue to shed light on the precious metals market and quotes continuing on an upward path as 2012 looks to be the year of new highs for commodities.

According to Alcoa Inc., larger demand is on the horizon from the key players like China, the United States and other growing nations who rely on commodities for industrial means. Alcoa is just one of the big commodity-centric businesses, who recently published their closing Q1 data; which has surpassed all previous estimates for that same quarter.

Charles D. McLane who is the Chief Financial Officer and Executive Vice President of Alcoa spoke during the earnings call, stating that “We had a record first quarter ATOI of $155 million,” for the Engineered Products and Solutions segment.

Stephen A. Smith, of Smith McKenna LLC; says this is just the beginning of the economic rebound, and that supply and demand will drive precious metals like silver and gold even higher in 2012 for industrial products. It is a key time to take ownership of the physical commodities at the current prices, adds Smith.

To stay up to date on the precious metal industry, subscribe to the newsletter - click here

The Silver Institute, - will be holding a “World Silver Survey 2012 Audiocast” on Thursday, April 19, 2012 at 8:30AM Eastern. Philip Klapwijk who is the head of Global Analytics for Thomson Reuters GFMS will be the featured speaker commenting on the survey.

China, who has seen exponential growth industrially, hit a new high in 2011; boasting an increase in demand of close to 15 percent for gold jewelry. All market information and forecasts currently point to that same growth trend being at great odds for replication this year.

The key to securing your money and future in precious metals is sifting through all the misinformation that the so-called experts are pushing on television and print. While heavily followed individuals such as Ben Bernanke would lead you to believe that the economy is heading south, the data and business reports clearly show otherwise.

Smith has been accurately predicting trends like these for precious metals commodities for over two decades, positioning clients to experience wealthy opportunities from increasing silver quotes and ongoing expert advice through commodity gains.

About Smith McKenna, LLC:

Smith McKenna is a broker/dealer of gold, silver, platinum, palladium and copper bullion. It provides research reports, investing advisement, and newsletters to their members in order to maximize gains. Smith McKenna offers some of the lowest spreads in the market to their clients. Client advice is based on research, current events, and technical and market psychology trends.

For more information, and to get your free copy of his book; visit

Now invest in silver on smith mckenna's website

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Stephen Smith
Visit website