The rand has been particularly strong lately, not only against the US dollar but also against other major currencies and has affected the profits of resource stocks as rand platinum price acts as an indicator of whether or not to buy South African platinum stocks. For full story, click here
Continue reading "Strong rand made platinum stocks a purchase"
Tuesday, April 7, 2009
RBCCM warns on platinum group metal prices, platinum ETFs, and the pricing of the top platinum stocks, like Anglo Platinum. For full story, click here
Continue reading "RBCCM warned on platinum group metals"
Wednesday, March 25, 2009
Stocks of Lonmin, the third-largest platinum producer, increased 6.2 percent to 1,625 pence in UK. For full story, click here
Continue reading "Lonmin increased 6.2 percent"
Tuesday, March 3, 2009
Platinum is known as "high-octane gold", for its stronger price moves and prospects for a higher upside. Platinum is essential to the economies of many industrialized nations, globally, demand for platinum is the sum of; investment demand, industrial demand, and jewellery demand.
Continue reading "Platinum to mimic gold?"
Wednesday, January 28, 2009
Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.
Continue reading "Platinum’s future eludes analysts"
Tuesday, December 2, 2008
The sharp retreat of the stock market, combined with a higher US dollar has triggered a broad sell-off in the precious metals. Spot platinum slipped to a session low of $794.50 an ounce, down 8.8 per cent from $871.50 an ounce late on Friday.
Continue reading "Greenback’s gain triggers precious metals sell-off"
Thursday, November 20, 2008
Platinum miner Anglo Platinum (AMS) slumped 28.98 rand, or 6.34%, to 428.02 rand and Impala Platinum (IMP) was off 2.68 rand, or 2.34%, to 111.87 rand, but Lonmin (LON) added 2.17 rand, or 1.57%, to 140 rand. For full story, click here
Continue reading "Platinum miner Anglo Platinum slumped 28.98 rand"
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Wednesday, April 15, 2009