PLTM: First Trust ISE Global Platinum Index ETF Instablogs

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Friday, May 10, 11:28 AM Anglo American Platinum (AGPPY.PK) appeases labor tensions but disappoints investors by agreeing to cut fewer jobs than proposed and to keep more of its production on line as a result. Amplats now estimates 2013 platinum production at 2.2M-2.4M oz. vs. an earlier forecast of 2.1M-2.3M, feeding concerns that supply could exceed demand this year. Platinum -2.5% to $1,479.10. Comment! [Commodities]
Wednesday, March 27, 2:25 PM Russia and South Africa, which together hold ~80% of the world’s platinum-group metal reserves, reportedly plan to create an OPEC-type cartel to coordinate exports. Like OPEC, the two countries would want to be able to create a floor under platinum prices, which would help their important domestic mining industries in terms of profitability and allow them to pay poor and increasingly militant miners better wages. 7 Comments [Commodities, Global & FX]
Tuesday, January 15, 3:07 AM Anglo American Platinum (AAUKF.PK), which produces 40% of global platinum, intends to suspend output at several mines in South Africa, sell its Union mines, cut 14,000 jobs and slash annual output by 400,000 ounces to 2.1-2.3M ounces. Most of the layoffs will come at Amplat's property in Rustenburg, a region where labor unrest left several dead last year. With its action, the firm hopes to return to profitability. 3 Comments [Commodities]
Sunday, December 4, 2011, 4:56 AM Graham Tuckwell, who created the first ETFs for gold and oil, is looking to sell his company, ETF Securities, for a potential price of £1B ($1.6B), the FT reports. Tuckwell's decision comes as money pours into gold ETFs and scrutiny increases on the market for the funds. 1 Comment [Commodities]
Tuesday, November 1, 2011, 9:47 AM Usually a safe haven on days like this, even gold isn't escaping the general panic as the rising dollar sends futures -2.1% to $1688.90/oz. However, silver is taking a much greater hit, sinking 6.1% to $32.244. The metal is "very much as an industrial metal right now," says one trader. Copper -4.4% to $3.473 and Platinum -2.7% to 1563.50. 2 Comments [On the Move, Top Stories, Commodities]
Tuesday, October 4, 2011, 7:17 AM Credit Suisse raises its outlook for gold and silver, while slashing its view for platinum metals. 2012 forecast: Gold +19% to $1,850; Silver +12% to $34; Platinum -9% to $1,775; Palladium -23% to $771. Comment! [Commodities]

PLTM First Trust ISE Global Platinum Index ETF

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First Trust ISE Global Platinum Index ETF