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Forbes reported platinum prices are only to get higher on short supply and violent politics in South Africa.
Forbes reported platinum prices are only to get higher on short supply and violent politics in South Africa.
As quoted in the market news:
Richard Ross, a Global Technical Strategist at Auerbach Grayson, said in a note to clients on Friday that after hitting a head and shoulders bottom (that’s techie chart-watcher speak) in late December, the precious metal has been on a tear and it’s not about to stop. Helped along by QE in the U.S., Europe and Japan, platinum could easily hit $1,800 an ounce. His target: $1,900. The April 2012 platinum futures contract closed at $1,707 on Monday, down from $1,714.