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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (45745)1/24/2009 4:22:40 AM
From: energyplay1 Recommendation  Read Replies (3) | Respond to of 217802
 
As a ten year bet, that is a pretty good bet. A > 2 year collapse in auto sales could put Platinum at an arbitrarily low level, even below $400 or $300.

Unlike gold or silver, it does not have a Billion people who will buy if the price drops enough.

Look at the wild swing in Rhodium prices.



To: TobagoJack who wrote (45745)1/24/2009 4:58:48 PM
From: Night Trader  Read Replies (1) | Respond to of 217802
 
Well my casual survey of the SA PGM of the top two producers reveals that though some mines are losing money at this Pt price (AngloPlatinum in particular) Lonmin has per ounce production costs around $600 meaning the price could fall further if new technology eliminated or reduced PGMs from catalysts (50% of demand). Your Pt bet will probably work out but there are dangers.


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