Platinum Rises to 17-Week High; Palladium, Gold Advances – Bloomberg 02-04-13

Salient to Investors:

Johnson Matthey said platinum output dropped 10 percent in 2012: auto catalysts account for 33 percent of global demand, and industrial applications account for 28 percent.

James Cordier at Optionsellers.com said platinum fundamentals are very bullish as end-users rush to secure supplies.

JPMorgan Chase said platinum and related metals may spike in 2013 and 2014 because of higher consumption and a lack of investment in mines

Silver inventories are the highest since 1997.

Read the full article at http://www.bloomberg.com/news/2013-02-04/gold-little-changed-as-investors-weigh-u-s-jobs-growth-outlook.html

 

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