21.12.2011 - Platinum appears to have stabilized above $1,400/oz
Platinum appears to have stabilized above the $1,400 an ounce level for now. Weakness for the metal mainly came from selling by speculative financial investors, according to market positioning statistics, said Commerzbank in a research note. Commerzbank noted that money managers in the CFTC data cut their net long positions in the week to Dec. 13 for the fourth week running and short positions reached their highest level since the start of this data series. Sister-metal Palladium saw a similar story: net long positions are at their second-lowest level ever...............................................Full Article: Source
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