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<p>[QUOTE="Clawcoins, post: 3126883, member: 77814"]Interesting 2008 information ==> <a href="http://www.platinum.matthey.com/documents/market-review/2008/full-review/english.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.platinum.matthey.com/documents/market-review/2008/full-review/english.pdf" rel="nofollow">http://www.platinum.matthey.com/documents/market-review/2008/full-review/english.pdf</a></p><p><br /></p><p>and the respective 2009 oversight afterwards ==> <a href="http://www.platinum.matthey.com/documents/market-review/2009/full-review/english.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.platinum.matthey.com/documents/market-review/2009/full-review/english.pdf" rel="nofollow">http://www.platinum.matthey.com/documents/market-review/2009/full-review/english.pdf</a></p><p><br /></p><p>interesting quotes</p><p>"Net physical investment demand for platinum grew strongly, from 170,000 oz in 2007 to 425,000 oz in 2008. Purchasing of metal through the Exchange Traded Funds was volatile, with heavy buying in early 2008 and heavy selling later in the year. The fall in the platinum price in the final months of the year was met by very strong buying interest from Japanese investors, which accounted for the year-on-year increase"</p><p><br /></p><p>and your horizons expand... didn't know PT was used in Petroleum refining and glass sector (televisions).</p><p><br /></p><p>and of course we had the global economic collapse with automotive manufacturing dropping like a rock, and thus PT demand.</p><p><br /></p><p>" Disruption to platinum supplies from South Africa combined with a weak US Dollar to drive platinum to a record $2,276 on the 4th of March. <u>The price remained high until the middle of the year when escalating concerns over the global economic situation prompted many funds to liquidate large positions in commodity and equity investments</u>. While fundamentals did play a part in price movements, fund investment activity was more important. The purchasing of metal over recent years had helped drive the price to record levels but much of this metal – in the form of forward purchases, futures positions and physical metal – was sold in the second half of 2008. <u>With several million ounces of long positions having been liquidated, the platinum price crashed to $756 in October</u> before recovering to end the year at $899."</p><p><br /></p><p>So interesting information for PT.</p><p>Think I'll look into the reports for 2011 Silver next .. since this is the Silver thread … LOL[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3126883, member: 77814"]Interesting 2008 information ==> [url]http://www.platinum.matthey.com/documents/market-review/2008/full-review/english.pdf[/url] and the respective 2009 oversight afterwards ==> [url]http://www.platinum.matthey.com/documents/market-review/2009/full-review/english.pdf[/url] interesting quotes "Net physical investment demand for platinum grew strongly, from 170,000 oz in 2007 to 425,000 oz in 2008. Purchasing of metal through the Exchange Traded Funds was volatile, with heavy buying in early 2008 and heavy selling later in the year. The fall in the platinum price in the final months of the year was met by very strong buying interest from Japanese investors, which accounted for the year-on-year increase" and your horizons expand... didn't know PT was used in Petroleum refining and glass sector (televisions). and of course we had the global economic collapse with automotive manufacturing dropping like a rock, and thus PT demand. " Disruption to platinum supplies from South Africa combined with a weak US Dollar to drive platinum to a record $2,276 on the 4th of March. [U]The price remained high until the middle of the year when escalating concerns over the global economic situation prompted many funds to liquidate large positions in commodity and equity investments[/U]. While fundamentals did play a part in price movements, fund investment activity was more important. The purchasing of metal over recent years had helped drive the price to record levels but much of this metal – in the form of forward purchases, futures positions and physical metal – was sold in the second half of 2008. [U]With several million ounces of long positions having been liquidated, the platinum price crashed to $756 in October[/U] before recovering to end the year at $899." So interesting information for PT. Think I'll look into the reports for 2011 Silver next .. since this is the Silver thread … LOL[/QUOTE]
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