Platinum has bounced more than 30 percent since plunging to a five-year low of approximately $732 an ounce in October. This ascent is occurring despite the absence of physical buying from the industrial sector. This rebound, without appropriate technical recovery is puzzling analysts.
Continue reading "Platinum’s rebound puzzles analysts"
Tuesday, September 2, 2008
In Tokyo, Spot platinum fell more than three percent on Monday on renewed concerns about demand for the metal. The cash price stood at $1,421.50/$1,441.50 per ounce, compared to late New York levels of $1,474.50/1,494.50.
Continue reading "Platinum off to a Weak Start"
Wednesday, August 13, 2008
Platinum Australia forecasts that the shortfall in platinum is expected to increase this year. Platinum Australia managing director John Lewins said: The platinum market was in deficit last year by 500,000 ounces (oz) but there was demand of seven million oz. For more information, click here
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For upcoming platinum investing trade shows, see the following links: World Platinum Congress, Cambridgehouse, IIC, Chicago Resource Expo
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Tuesday, February 10, 2009