Barrick Gold has confirmed that it has dropped plans to develop the Sedibelo platinum project in South Africa. Not to worry. The story for the metal has only just begun.
Jim Rogers, the renowned investor, has been quoted as saying, “Buy value, wait for a catalyst, sell hysteria.”
This sage advice perfectly describes the present investment opportunities [...]
Platinum Investing News reports platinum prices have just began to recover itself with threats to its supply.
Platinum prices may climb above $1,500 an ounce “in the next couple of years” as demand recovers amid supply constraints in South Africa, the world’s biggest producer, according to Banc of America Securities- Merrill Lynch.
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Platinum Investing News reports platinum price dropped slightly.
It may seem odd that the bankruptcy of a major consumer of platinum would be positive for prices; however, over the past weeks the metal’s price already reflected the impending bankruptcy. Now the market has shifted its focus, and like all precious metals, platinum has seen a significant [...]
Platinum Investing News reports platinum performed well in the first quarter of the year.
Platinum’s rapid price crash in 2008 was exacerbated by panic overselling. While the metal may have been overbought, and prices may have been inflated by South Africa’s power woes, the fact that platinum is such a small market underpins the likelihood of [...]
Palladium Investing News reports palladium seems to be the only precious metal on a steady positive track.
However, palladium’s near term outlook remains bleak, as news out of Europe showed new car registrations declined 18 per cent in February. For the palladium market, automotive catalysts are the largest consuming sector, accounting for 63 per cent of demand. Electronic equipment [...]
Platinum Investing News reports platinum price has rebounded this year.
The metal is tracking gains in gold; as investors seek a safe haven for wealth protection. Platinum is less than half the price it was a year ago, and the price differential with gold has narrowed to almost zero. On the industrial side of things, the [...]
Tuesday, November 3, 2009
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