Analysts reported that gold may perform strongly in the short term, but platinum might be a better investment bet in the medium term. Max Koep, head of equities at Deutsche Bank in South Africa, stated: We view the ongoing global recession, risk aversion and limited capital flows through the first half of this year as [...]
Continue reading "Is it Gold or Platinum?"
Sunday, August 17, 2008
Platinum gained in Asian trading for a second time in eight days due to short covering as traders tooks the rise in crude oil prices as a signal that the metal would extend this month’s 20 percent decline. For more information, click here
Continue reading "Platinum gained in Asian trading"
Thursday, August 14, 2008
Platinum gained for a second day in Asian trading due to speculations about short covering. Barclays Capital Inc. analysts led by Jordon Kotick were quoted as saying: A bout of short covering could ensue into the $1,638 to $1,712 an ounce resistance zone in the sessions ahead. Click here for more information.
Continue reading "Platinum gains in Asia on speculation about short covering"
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Friday, March 27, 2009