Platinum – Better Way to Buy the Precious Metal Pullback?

September 23, 2011


Platinum is an intriguing commodities investment/trade because the metal is actually scarcer than gold and amongst the scarcest in the world. There are only a couple of places on the planet you can mine platinum, in South Africa and a couple of remote regions in Russia. As an aside, you can also find it on the moon. I like platinum more than gold because if the economy strengthens you also get industrial uses from catalytic converters, fuel cells, electric components, hard disks, and other areas.

There is a relatively new ETF for platinum: PPLT


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What a Samba!

September 22, 2011

  • The Brazilian Real hit 1.95 this morning and is representative of the carry-trade unwind or dollar deleveraging.
  • The 4% selloff has completely reversed this morning
  • This bears watching – stabilization of this massive unwind is clearly bullish.
  • Continued destabilization and liquidation is bearish

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