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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: KyrosL who wrote (41837)	10/26/2008 2:15:59 PM
From: energyplay	Read Replies (1) of 217792

Platinum dropping like a rock... very long term - mrci.com a few years - quotes.ino.com It could go under the price of gold, especially with Platinum dumping from recycled automotive catalytic converters. The auto catalyst inventory could keep the price down for a while. Peak oil --> higher gas mileage cars --> with smaller engines, which then need smaller catalytic converters --> excess Pt inventory when older and much large catalytic converters are recycled --> lower platinum prices. Will lower Pt prices shut down South African mines ? After being shut down, many of those deep mines will not come back into operation. This cycle will take a number of years to play out, maybe 3 to 7 years before we see a Pt bottom. Very long term, Platinum is much harder to mine than gold.

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