E-TRACS UBS Long Platinum ETN (PTM)
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PTM Forum Topics
- All Comments on PTM
- General Discussion on PTM
- A 360 View of Returns (July 2008) [view article]
- High Prices Cut Demand for Metals [view article]
- The Decline of Platinum [view article]
- Commodity ETFs and ETNs [view article]
- Where Are Precious Metals Heading? [view article]
- Options Trader: Thursday Outlook [view article]
- Platinum Supplies Horded by ETFs [view article]
- Investor Interest Fuels Platinum Group Metals Higher [view article]
- ETF Watch: New Listings (May 7-14) [view article]
- UBS Platinum ETNs Step into the On-Deck Circle [view article]
loading ...Recent PTM Articles
- ETF Update: Exotic ETNs, Slowing Growth?, Bruce Bond on Actively Managed ETFs
- High Prices Cut Demand for Metals
- Commodity and Energy Fund Returns
- The Decline of Platinum
- A 360 View of Returns (July 2008)
- Where Are Precious Metals Heading?
- Options Trader: Thursday Outlook
- ETF Update: Gold, Metals ETFs, Potash
- This Week's Commodity Snapshot
- Investor Interest Fuels Platinum Group Metals Higher
- Full List of Articles »
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A 360 View of Returns (July 2008) [view article]
job well done and very easy to follow ReplyHigh Prices Cut Demand for Metals [view article]
This guy, Miguel Perez-Santalla, is a permabear in PGM metals and he is proven wrong in the past repeatedly. I don't know why does he has any credibility at all if he can not get the basic historical facts right.He said South Africa's power supply "issues" started in February? It was January 25, 2008 when the whole mining industry of South Africa was forced to shut down for 5 days due to a force majure declaration of ESKOM, the national electricity company. It was a global headline news and this guy could not even get the date right? And I would not call it "issues" whe this is a clear crisis.
I will debunk his arguments one by one at a later time. But for now please read what I have written in the past to debunk all the false myths in the PGM market:
seekingalpha.com/autho...
The recent price fall is nothing but mere market volatility, inevitable consequence of too much investment money chasing too narrow a market. This will pass soon enough and we will see an even stronger rally in the PGM metals market.
Don't you notice that rhodium recovered from $3850 to $6200 in just 4 trade days? That's a 61% gain of a commodity in just 4 trade days. That's the kind of extreme volatility that we will be seeing a lot.
Reply
High Prices Cut Demand for Metals [view article]
Bkuszmar: You are spot on! ReplyHigh Prices Cut Demand for Metals [view article]
I am sorry to say that Perez-Santalla has no idea what he is saying (Like most so called experts) when they talk of Jewelry as the primary user of gold or how important "Jewelry" sales are etc..it is not the jewelry sales we think of here in the US or in European countries, Gold Jewelry in the East is considered more money than Jewelry and is bought as an investment. Jewelry sales in India are the equivilent to Gold Coin/bars sales in the US and Europe.
The use of the term jewelry sales is really misunderstood and misused.
Brian Kuszmar Reply
High Prices Cut Demand for Metals [view article]
the guy had some good stuff to say. But he really totally ignored the monetary aspect of everything. People are looking to hedge against inflation. They could give a damn about jewelry. Replyor
High Prices Cut Demand for Metals [view article]
The supply issue in South Africa (source of about 75% to 80% of world platinum production and upwards of 90% of reserves) is focused on the nation's electricity shortage. Eskom, the nationalized utility has not added capacity to keep up with demand for electricity. I've read analyst reports saying that there is no way to add capacity on a significant level in the next five years. When Eskom has to cut power (coined "load-shedding&qu... it can strongly affect the mining industry in ways ranging from outright closure of operations (gold and platinum mines closed for five days in Jan) or cutback in operations due to limited electricity.While the mining giants such as Anglo and Implats are exploring their own power generation, an impending coal shortage (where S.Africa gets most of their energy) and high price of diesel fuel will not make this any more cost-effective. One company to watch is Sasol (SSL), which is one of the world's leaders in synfuel development. With rising inflation and a slowing economy, S.Africa must salvage their mining industry to stay afloat while the rest of the world slows...which could lead to some new energy-related infrastructure investments between Eskom, Sasol, and the S.African gov't...
It's an interesting situation, and one to watch in the coming months and years.
Cheers Reply
High Prices Cut Demand for Metals [view article]
I am interested in learning whether platinum has any significant investment demand. I know it is the rarest major precious metal, and it seems to be a lot cheaper now. Is it a buy? Or, will it go down to $800 per ounce, because people don't need it so much for auto catalyst use anymore, given what appears to be an oncoming recession/depression. Also, isn't China still selling tons more cars? And, Ukraine? And, so forth for all the second world? So, why is platinum going down so much? Is the supply problem in S. Africa, maybe, solved? ReplyKasparov
High Prices Cut Demand for Metals [view article]
Mike, thanks for the interview. Usually one would expect an industry insider to have a bullish bias on precious metal prices. So if he's expecting them to go down short term - that's a very strong signal. Also, very enlightening comments on what really affects the prices and supply/demand issues. Thanks again! ReplyHigh Prices Cut Demand for Metals [view article]
High prices, because inflation. What causes inflation the FED printing machine, it is easy to print money. It is not easy to find gold or precious metals furthermore everytime is more difficult to find good mines. Profitable ones. ReplyThe Decline of Platinum [view article]
I believe Russian interests have majority control of Stillwater. ReplyThe Decline of Platinum [view article]
North American Paladium and Stillwater are safe mines in safe locations with stocks beaten down like LonMin. With Russia being a bully thinking the world has no other options, these juniors will make nice cheap additions to a Goldcorp, Barrick etc. portfolio. Then they can do a little more cap ex and payoff the cost of acquistions in a few years. Like what Freeport did with Phelps. Have been adding to my "safe country " producing juniors like CDE, PAL,SWC,NXG that are 1/2, 1/3, 1/5 their high stock prices and consolidation will come. Cost of funds is low. Canadian banks are flush with cash and LIBOR low, Barrick or Goldcorp, even Goldfields types will snap these cos. up. Metals have severe corrections, when all are throwing in the towel, time to average in. ReplyCommodity ETFs and ETNs [view article]
Would anyone recommend a livestock ETF or ETN?Taxation as US investor...any opinions? (reading prospectus)
Do these have enough liquidity...I cannot seem to locate avg. volume?
Looking at:
CATL, ETFS Live Cattle...trades on London
COW, iPath Livestock Reply
The Decline of Platinum [view article]
If, like most investors, you are looking at only the auto demand of platinum, you are wrong. A review of history tells you its wrong. In 1980 we had another oil crisis, with skyrocketing oil price, mile long lines at gas stations. Auto sale plummetted and GM stock made all time low. You would expect platinum price drop to the floor as auto demand weakened. However the historic truth is platinum, palladium all run up with gold to reach a peak in 1980. It was driven up by precious metal investmen demand then. The same thing will happen today.The current downfall of PGM metals is nothing more than part of the general precious metal and commodity correction. It will pass, just like the precious metal correction prior to the 1980 peak.
Do you know US government just suspended platinum sale? Do you know platinum is a war metal? Read this and then read the comments:
seekingalpha.com/artic...
Reply
Commodity ETFs and ETNs [view article]
I'm missing RJI, RJN, and RJZ. ReplyA 360 View of Returns (July 2008) [view article]
Finally, a universal overview that gives the reader direction for areas to research for future investment. Great job! Reply