View Full Version : Platinum looks like it put a low in to me in the high $700's

12-16-2008, 05:33 PM
Aquarius Platinum announced yesterday
that their Everest mine is to stop production for 6 months.
The mine produced 94,000oz of platinum, 46,000oz of palladium
and 16,000oz of rhodium in 2008FY. This implies possible
production cuts of 47,000oz of platinum and 23,000oz of
palladium during the next 12 months by Aquarius. Other platinum
mines are likely to follow with similar announcements. In
this regard, lookout for Anglo Platís announcement on 2009
CAPEX tomorrow.
Gold was quiet in Asia

12-16-2008, 08:20 PM
this should be good for Platinum to rise in value along with silver and gold