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Platinum Futures - Jul 24 (PLN4)

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Currency in USD
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987.65
+22.75(+2.36%)
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Platinum Futures Discussions

Either platinum is overvalued or palladium.judge yourself. They are PGM. Palladium still has big demand for petrolcars,,,,,platinum soon losing all demand from dieselcars means 50%of platinum demand.
Platinum is a rare precious metal, more than ten times rarer than gold. Platinum output comes primarily from South Africa and Russia. Primary production in South Africa occurs in mines deep into the earth's crust making the production cost for platinum higher than for gold. In Russia, platinum is a byproduct of nickel production in Siberia.. . Platinum is unique in that it can be used for both jewelry, investments, auto catalysts and industrial applications. Platinum is basically an all-around metal that can do the job of both gold and palladium. Massive speculator positioning have caused platinum-palladium prices to diverge from their intrinsic value. Spread will normalise once large speculators (hedge funds) close out short positions.
So Marin its the hedge funds who had the price to manipulate prices? Thats scary
 - The market is relatively small and it could be easily manipulated by middle to large speculators... but this can not last forever when production costs are reached...
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