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Commodities Briefing - Categorized | Bullion/Gold, Trends more

Platinum – Where from here?

Posted on 31 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 Oct. 26.
Standard Bank found out platinum may be out of favor as a net speculative position as the 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. ETF positions have also been flat this year compared to rising positions in the past few years. Platinum supply may also be rising in 2011 and 2012 just when global economies are slowing again………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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