Platinum has been on a steady downgrade, falling since trading at a record $2,301.50 an ounce in March. A poor economic outlook eroding demand for jewelry and cars is responsible for the metal's flop.
Continue reading "Wall St. woes hit platinum"
Tuesday, November 4, 2008
Platinum, once prized with value due to its rarity, has become one of the worst performers of the precious metals. So far this year, the metal used as an auto catalyst has shed 46% of its value.
Continue reading "What is ahead for Platinum?"
Wednesday, October 15, 2008
Platinum prices advanced further Tuesday after surging oil prices boosted the precious metal’s appeal as a hedge against inflation. Overall weakness in the dollar, the recovery in equities and fresh optimism over the economic outlook sparked buying of commodities in earlier trade.
Continue reading "Battered platinum gets some relief"
Wednesday, August 27, 2008
Platinum prices slipped on Monday as the U.S. dollar resumed its rebound against the euro and the pound. Platinum is often used by investors as a hedge against a weakening dollar, so the dollar's recovery has made the metals less attractive.
Continue reading "US platinum slips on dollar’s rebound,Tokyo platinum up"
Tuesday, August 19, 2008
It was a tough day on the markets for the precious metals. Platinum plunged the furthest, at 6 percent, while gold dropped more than 2 percent and silver by 5 percent. The drop was instigated earlier in the session as economic worries prompted Asian traders to sell off metals.
Continue reading "Platinum gets hit by double whammy; plunges"
Wednesday, August 6, 2008
The platinum market has rebounded this week, but not enough to stop JP Morgan analysts from releasing their opinion on the metals poor short term outlook. Platinum's recent rally was brought about by gold's price jump extending optimism to the entire precious metals sector.
Continue reading "Analyst Unable to Reach a Consensus"
For upcoming platinum investing trade shows, see the following links: World Platinum Congress, Cambridgehouse, IIC, Chicago Resource Expo
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The Platinum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Tuesday, November 18, 2008