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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals, Price Watch more

Platinum undervalued, but could reach $2000 by end 2012

Posted on 28 October 2011

After the sell-off in Gold and Platinum in 2008, both precious metals rebounded strongly from the October 2008 low by about 100% with platinum leading the way until early August 2011 when gold overtook platinum price.
Since then, platinum underperformed gold by about 17% to 26 October. Standard Bank found out platinum may be out of flavour as the net speculative position as a percentage of open interest in platinum has declined from about 38% in January to about 20% to October this year, mainly due to increase in short positions……………………………………….Full Article: Source


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