PTM: UBS ETRACS CMCI Long Platinum Total Return ETN Instablogs

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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, February 19, 6:06 AM Anglo American Platinum (AGPPY.PK) has suspended production at all its South African operations today due to wildcat strikes after at least 13 people were injured in inter-union violence at one of its mines yesterday. The stoppage follows violent industry wide strikes last year, which cost the mining industry 15B rand ($1.68B) of lost revenue, and comes ahead of wage talks. Platinum futures +0.9%. 2 Comments [Commodities, Top Stories]
Tuesday, September 18, 2012, 12:17 PM Platinum futures take a breather after a report that Lonmin workers in South Africa have accepted the company's pay offer and will return to work. Prices in the past 30 trading days have climbed from under $1,500/oz. to above $1,700 before a sudden drop today took prices below $1,620 from over $1,670. 3 Comments [Commodities]
Monday, August 8, 2011, 9:22 AM Spot gold hits yet another all-time high of $1,715.29/oz and reaches parity with platinum for the first time since the end of 2008. "Gold's status as a near-monetary asset is giving it considerable strength while platinum's greater exposure to economic growth is...a weaker driver," say Mitsui analyst David Jollie. 1 Comment [Commodities]
Monday, April 11, 2011, 12:27 PM After a 25% gain in less than 5 months, Goldman closes one of its top trade ideas - a long basket of crude, copper, cotton/beans, and platinum. While believing the trade has additional upside potential, the risk/reward is not nearly as enticing. A few relevant ETFs: USO, JJC, BAL, PTM. 1 Comment [Global & FX]
Tuesday, February 22, 2011, 11:21 AM Gold and oil catch bids, but traders are using the events in Libya as an excuse to sell commodity markets, many of which have had remarkable runs. The grains and cotton are particularly hard hit. CORN -3.6%. JJG -3.0%. BAL -4.1%. JJC -1.8%. Comment! [Global & FX]
Monday, February 7, 2011, 9:45 AM Global miners will likely report H2 profits doubled, leaving them with so much cash that even multi-billion dollar expansion projects and smaller acquisitions won't make much of a dent. Shareholders are pushing for fat dividends. Comment! [Global & FX]
Thursday, January 27, 2011, 10:09 AM Unconcerned that China and India are tightening monetary policy, Jim Rogers sees commodities as a win/win investment. “If the world economy gets better, commodities are going to make a fortune. If the world economy does not get better, commodities are the place to be because they are going to print more money." 4 Comments [Global & FX]
Tuesday, September 9, 2008, 10:28 AM Platinum is down another 6.3% to $1,268/ounce. ETF: PTM -5.5%. AAUK -5.9%. Comment!

PTM UBS ETRACS CMCI Long Platinum Total Return ETN

PTM

UBS ETRACS CMCI Long Platinum Total Return ETN