Platinum

[Temjin]

$1,970!!!

$2,000 anyone? anyone? anyone?

Saw that! Crazy!

$2000 is definitely going to be a pyschological resistance. Fundamentally, I have no idea how much premium would the disruption at South Africa would affect the prices. Technically, it's in a manic uptrend and well, I never believed things go up in straight lines.

Lessons learnt, should have acted as soon as the news were received. Another lesson learnt, opportunity will come around again. hehe

 

[refined silver]

Saw that! Crazy!

$2000 is definitely going to be a pyschological resistance. Fundamentally, I have no idea how much premium would the disruption at South Africa would affect the prices. Technically, it's in a manic uptrend and well, I never believed things go up in straight lines.

Lessons learnt, should have acted as soon as the news were received. Another lesson learnt, opportunity will come around again. hehe

Well there goes $2,000. Now at $2005 bid/$2015 ask.

I agree, pretty risky now to play it with futures. Usually what goes straight up, comes straight down again, unless there has been a fundamental change to its situation, then it can go up and stay up. I think the SA electricity is a fundamental change, BUT, a big risk is its substitutability with Palladium which is much cheaper at present. I see volatility ahead!

 

[refined silver]

Saw that! Crazy!

$2000 is definitely going to be a pyschological resistance.

$2,100 cracked, now back at $2085! Just keeps going!!!!

 

[Temjin]

$2,100 cracked, now back at $2085! Just keeps going!!!!

I given up analysising this already, it's beyond my current skill / knowledge level.

Let it run through and applaud those who managed to get the bulk of this trend. I will continue to resist the evil greed part of me trying to buy this. Now that's good psychology practice. hehe

 

[michael_selway]

I given up analysising this already, it's beyond my current skill / knowledge level.

Let it run through and applaud those who managed to get the bulk of this trend. I will continue to resist the evil greed part of me trying to buy this. Now that's good psychology practice. hehe

Hi besides AQP & PLA, and other specialist platinum producers?

thx

MS

 

[Temjin]

Hi besides AQP & PLA, and other specialist platinum producers?

thx

MS

Can you repeat your question again? I don't get it. Are you asking if there are any other specialist platinum producers?

Here is one neat database that I found on the net.

http://miningpedia.com/

I'm not sure if the data is completed or valid though.

Edit: oops, only one company listed on pure platinum though. Stillwater Mining Company

 

[refined silver]

Yes there are a few. Here's a good list, but there's more, but pretty thin also considering its worldwide list! Doesn't mean you can't profit though!

http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=46211&sn=Detail

(Tried to past the whole article but doesn't the stocks table doesn't format properly)

Stillwater are Palladium too. The above has a pretty good list. Includes a few non-producers. There are a few other juniors sat on compliant resouces but not mining yet.

 

[Temjin]

Another link.

http://www.miningnerds.com/platinum-group-metal-mining-report-all-countries

 

[refined silver]

Another link.

http://www.miningnerds.com/platinum-group-metal-mining-report-all-countries

Thats a good list, yet has many juniors (a couple I own) which have zero PGMs but on one exploration property once found one rock chip with a trace PGE. And then it also misses out one of my favourite PGM juniors - Platina Resources -(with the appropriate code PGM!). At $1.10 it has a MC of $50m and has 30m oz Pd, 10m oz Au, 4 moz Pt in a JORC resource in Greenland plus 4-5 PGM props in Aus, including one with 2.7moz Pt @2.1g/t in WA.

Not sure how they stick many juniors with zero PGMs in, just a name somewhere in a report that its one of 20 metals they are searching for, and miss out resources like that???

 

[michael_selway]

Can you repeat your question again? I don't get it. Are you asking if there are any other specialist platinum producers?

Here is one neat database that I found on the net.

http://miningpedia.com/

I'm not sure if the data is completed or valid though.

Edit: oops, only one company listed on pure platinum though. Stillwater Mining Company

Hi yep that is what i mean sorry for the typo's etc

Btw what is the ASX code for "StillWater"

thx

MS

 

[refined silver]

Stillwater Mining is not an ASX stock. Its is North America's biggest (and virtually only) Platinum/Palladium miner.

The lists posted have the exchanges the stocks are listed on, and the stock codes.

Cheers

 

[refined silver]

There goes $2,200. Now at $2215.

Have only been posting at $100 intervals.

Wonder how many more posts to go???

Read that in a few places (not Oz?) well trained theives can remove a catalytic converter from a car in about 1 minute. It contains 5g of Pt which is now worth over $300!

 

[Whiskers]

There goes $2,200. Now at $2215.

Have only been posting at $100 intervals.

Wonder how many more posts to go???

Yeah, good question. So long as it holds these levels for a sustained period I know some juniour specs with PGE as a sideshow to Au and Cu that will probably reasses their projects.

Read that in a few places (not Oz?) well trained theives can remove a catalytic converter from a car in about 1 minute. It contains 5g of Pt which is now worth over $300!

Probably come. Saw on news tonight where theives were caught with a container of copper including cable from rail switch gear etc for export to China.

 

[Chief Wigam]

For those interested, PGM is a future platinum producer. It has just released it's scoping.

 

[MRC & Co]

Probably come. Saw on news tonight where theives were caught with a container of copper including cable from rail switch gear etc for export to China.

ha ha ha, this example and the catalytic converter containing pt example are hilarious!

Who said crime doesnt pay!

 

[aleckara]

With all the attention to gold recently I have to wonder if platinum has done a lot more interesting things lately.

It peaked at over $2000/oz in the boom, and then fell majorily now trading at below $1000/oz. I know there isn't as many car sales, but it is almost on par with gold now. Considering gold is usually more for jewellery than platinum is I have to wonder whether platinum has been oversold or will the trend continue.

Does anyone on the forum have any opinions on this?

 

[refined silver]

A long time ago a few analysts speculated on if ever Au would get close in price to Pt, and if so it was time to buy Pt.

Pt has fallen over 50% mainly cos of fears for big recession and US auto demand falling. As usual momentum players have taken things way toofar. On the Demand side, auto demand from China, India etc is growing so fast, will more than make up for falls in US, even with a depression. On a supply side, South African power problems have dropped supply seriously, and no remedy in sight til 2012/3.

 

[aleckara]

A long time ago a few analysts speculated on if ever Au would get close in price to Pt, and if so it was time to buy Pt.

Pt has fallen over 50% mainly cos of fears for big recession and US auto demand falling. As usual momentum players have taken things way toofar. On the Demand side, auto demand from China, India etc is growing so fast, will more than make up for falls in US, even with a depression. On a supply side, South African power problems have dropped supply seriously, and no remedy in sight til 2012/3.

That's what I thought as well. I don't see how gold can be more than platinum in price in the long term anyway. Platinum seems to have many uses for its catalytic properties, and while gold is used in a few things as well I know for a fact it is mainly used as an investment and jewellery source only. Since this is the case, and platinum is rarer I would say that it would be a better store of value in the future. i.e I would probably want a platinum ring over a gold one if I knew the price would be the same as platinum is rarer.

http://www.research.gold.org/supply_demand/ - shows the gold uses currently

 

[CanOz]

Here is the 360 minute of platinum. I went to a longer time frame to show how important these levels are, where we are at now....

We are in a consolidation area that could easily see us at the more recent highs back in October and really very close to the 2012 highs.

Big value area now between 1665 and 1700. Volume has dropped off which is typical of a consolidation and it could pick up with a volume spike being recorded last session....i think this one's looking bullish right now. The ETF that tracks the futures contract the best is PPLT.

If the futures contract rejects lowers priced at 1680 or 1665.30 then i would look for a push higher and break of 1692.5. 169.22 on PPLT. Really for a decent R:R, you' need to get in the rejection of lower prices. An entry on the break wouldn't be much more than 1:1 using the initial target. It is however quite bullish on the weekly as well, and the flag target would be worth the risk.

This one looks ready to pop. The first target for PL is 1734.5.

Of course, a downside risk could play out if we break below 1650.

Cheers,

CanOz

 

[CanOz]

Platinum...breaking higher