Seeking Alpha

Platinum (PPLT) prices hit a four-month high this week as spreading unrest among mineworkers in...

Platinum (PPLT) prices hit a four-month high this week as spreading unrest among mineworkers in South Africa, which accounts for nearly 80% of the world’s supply, prompted investors to cover bearish positions. Yet concerns about supply disruptions come at a time of low demand for platinum; analysts believe that if the unrest recedes, prices could fall.
From other sites
Comments (2)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    I covered my bearish position 100 points ago...this market may remain elevated, but watch for any break in the union talks and compensatory offerings, which may move the metal lower, along with Pd.
    24 Aug 2012, 04:31 PM Reply Like
  • Kingsman
    , contributor
    Comments (14) | Send Message
     
    "Analysts believe that if the unrest recedes, prices could fall."

     

    Insightful. Let me guess...if unrest intensifies, prices could head higher.
    24 Aug 2012, 05:14 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs