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Platinum Futures - Jul 24 (PLN4)

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Currency in USD
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910.40
-2.20(-0.24%)
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Platinum Futures Discussions

sylvania mining in south africa did record anually mining in platinum /palladium.  Mining cost was 550 usd. Lonmin also came in as planned. Platinum mines makes profit. Sad to say but it is the speculators who paying the mines their salary and profits.
Yes I saw that Roger. But i heard that the major reason for the decline is hedgde funds are record shorting it and when that unwinds it can go up again?
 Hedge funds are shorting more than 3 times the number of contracts than producers, which has never happened in the history.
We must be cleared that more than 50% of platinum demand is going away rapidly with no dieselcars production and lower jewellery demand of plat. On top of that there are platinum stocks for years
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