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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (112199)	10/19/2008 1:01:02 PM
From: MoneyPenny	Respond to of 206329

not here, but london exchange. PHPT.

To: patron_anejo_por_favor who wrote (112199)	10/19/2008 9:56:38 PM
From: energyplay	Read Replies (1) \| Respond to of 206329

Platinum - Biggest market is automotive emission catalytic converters. Car sales are way off. And smaller cars use smaller catalytic converts. Big SUVs often use TWO big converters. But wait, there's more - about 20-35% of the Platinum market is supplied by Platinum from recycled converters. So when a 16 year old Chevy Suburban gets scrapped, lots of Platinum is recovery - may enough for two or three Chevy Cobalts. And scrapping and recycling cars has better economics than mining, and does not require large investments. So the recycled Platinum will continue coming to market even as the mines shut down. Not the best market to be in right now. I have bough a teeny tiny little bit of PAL, North American Palladium, which produces both Palladium and Platinum. I bought it because the price was so low. By January, I will know if that was a good idea or not.