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Platinum

Discussion in 'Commodities' started by ormond, Jul 6, 2007.

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  1. ormond

    ormond

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    Was wondering if their is a correlation between platinum prices and gold prices?
    Also what is the outlook for platinum prices?(Platinum,Palladium,Rhodium)
    Any information greatly appreciated.
     
  2. Boyou

    Boyou

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    Hi ...you can keep an eye on the movement of all these metals on this website
    whttp://www.kitco.com/market/

    It is one of my "First Sources" for news on Gold and Silver ...Hope it helps.

    Cheers Ya'll :)
     
  3. Joules MM1

    Joules MM1 ....everything has an art

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    http://www2.barchart.com/mktcom.asp?section=metals

    http://www.metalprices.com/FreeSite/metals/pt/pt.asp

    www.advfn.com

    http://www.marketcenter.co.uk/futures/metals.action

    http://www.nymex.com/index.aspx

    some useful sites for you

    consider an ETF through a US desk if youre unsure and still need exposure to this metal

    one thing you should consider is the industrial side of metals...........for example, silver is an industrial metal, whereas, gold is not so industry hedging, source and delivery requirements, arbitraging and carry-trade all have a weighting on price demand and supply of the underlying price........as such, you should consider price in isolation first and by that I mean, invoke your t/a on the metals price first before considering the (fundamental or otherwise) external movements of other metals and othrr (opinionated) pressures...........

    you should consider that what correlations you do find are not supportive of each other and are more likely to be a conincidence versus a tracking of any kind.........by that I am implying that using a correlation is at best temporary and tenuous because no sooner a such an action proved than it falls out of existance.........so, again, measures of demand and supply of the price of the metal itself (not the producation) should be considered in isolation first until a mechanical regime is applied by the whole industry and bourses together (which is highly unlikely).


    Joules
     
  4. ormond

    ormond

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    Thanks for the info Joules mm1.
     
  5. Caliente

    Caliente Black Gold!

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    hi ormond if you're interested in Pt - take a look at GAU. Currently in trading halt.

    Should be proving up a very spiffy little JORC sometime soon in South Africa.

    Cheers
    -Cali
     
  6. michael_selway

    michael_selway Coal & Phosphate, thats it!

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    Dont forget AQP & PLA

    thx

    MS
     
  7. Captain_Chaza

    Captain_Chaza

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    PLATINUM - Hold on tight

    Has anybody got any good Platinum Shares?

    Sometimes the Good Just Get Gooder!

    Salute and Gods' speed
     

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  8. refined silver

    refined silver

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    Well Platinum goes over $1800, been hitting new records regularly just recently and the last post on this thread is last September - nearly 5 months ago. Talk about overlooked sectors and out of mind, out of sight!!
     
  9. wayneL

    wayneL Rotaredom

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    Yeah it's a pretty thinly traded contract as far as futures go, so off my radar for that reason, but surely there are PL miners about?
     
  10. refined silver

    refined silver

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    Yes there are a few. Here's a good list, but there's more, but pretty thin also considering its worldwide list! Doesn't mean you can't profit though!

    http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=46211&sn=Detail

    (Tried to past the whole article but doesn't the stocks table doesn't format properly)
     
  11. ithatheekret

    ithatheekret

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    Nah , it's been mentioned heaps cob , just not in this thread , I can trade platty with my GCI a/c ( CFD ) . Not holding any at present , except for a little block of it , which was bought for less than the current gold price .

    If RazPutin runs out I'll sell it to him .............

    I reckon anyone with kids and a house/s should own all three precious metals in bullion form . Gold and platinum for trading and you gotta have some silver for luck , well so an old Jewish chap told me once ....... and no he didn't sell it to me:D

    Do other CFDers trade platinum with their a/c's ?
     
  12. refined silver

    refined silver

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    3 PMs?? Better make that 4 with Palladium which used to be 3 times the price of Platinum only a few years ago.

    I don't trade it but do hold a couple of very highly leveraged juniors to the price of PGMs.
     
  13. Temjin

    Temjin

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    Nah, who would expect the energy crisis in South Africa to emerge so quickly? Doubt anyone predicted such news. :)

    Regardless, I might buy some platty ETCs from etfsecurities.
     
  14. ithatheekret

    ithatheekret

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    Too right I remember that , those were the days of so what fuel consumption , but they use both in catalytic converters production , if I remember rightly .

    There was another use for palladium in the auto industry , forgotten what it was ...........
     
  15. refined silver

    refined silver

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    Yes, the major use is catalytic converters, and Pt and Pd are substitutable. Just as Pt got substituted for Pd when Plat was $300/oz and Pd $1000/oz, so its likely to reverse now Pt is $1800/oz and Pd $400/oz.

    Although with the increasing need for green tech, and increasing motor vehicle use in the developing world - India and China, plus power probs in SA who produce most of worlds PGMs (along with Russia) I don't see Plat crashing any time soon.

    I started a Palladium thread with a couple of articles on this. Will add info soon.
     
  16. refined silver

    refined silver

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    Goodbye $1800s, hello $1900s. Another milestone. This electricity problem in SA is much more long term and serious than many people have recognised.

    Currently @ $1920
     
  17. Temjin

    Temjin

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    Yeah, it's crazy if you look at the charts. While the fundamentals are there, I found it hard to buy in such a manic short term phase. It's not according to my rules and I am going to wait when the corrective phase comes in.

    I should have added Platinum in my precious metals at the same time when I got my gold/silver. :( Grrrr! Patience! :D
     
  18. refined silver

    refined silver

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    Or you could do it my way, own a couple of tiny highly leveraged juniors with large in ground resources. Like a call option which doesn't expire...which is lucky...because they haven't moved at all with this latest surge in the Pt/Pd price :(.......Yet!;)
     
  19. refined silver

    refined silver

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    $1,970!!!

    $2,000 anyone? anyone? anyone?
     
  20. refined silver

    refined silver

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    This was only 7 days ago.
     
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