400,000 ounce platinum supply deficit

Discussion in 'Platinum' started by BlackSheep, Nov 14, 2012.

  1. BlackSheep

    BlackSheep Active Member Silver Stacker

    Joined:
    Aug 26, 2011
    Messages:
    996
    Likes Received:
    12
    Trophy Points:
    38
    Location:
    Queensland
    I can't say I was overly surprised to read this!


    Link to Full Article:
    http://www.forbes.com/sites/kitcone...-johnson-matthey-report-south-african-strike/
     
  2. AngloSaxon

    AngloSaxon Active Member

    Joined:
    Oct 26, 2012
    Messages:
    1,862
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Sydney
    About a $30/oz price jump today....
     
  3. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2011
    Messages:
    2,454
    Likes Received:
    93
    Trophy Points:
    48
    Location:
    Australia
    More to come and watch palladium
     
  4. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

    Joined:
    Jan 4, 2010
    Messages:
    1,395
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Perth
    Keep an eye on it for sure. Low supply plus good old Ben opening his mouth tmrw night... might be a good combination.
     
  5. BlackSheep

    BlackSheep Active Member Silver Stacker

    Joined:
    Aug 26, 2011
    Messages:
    996
    Likes Received:
    12
    Trophy Points:
    38
    Location:
    Queensland
  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2011
    Messages:
    2,454
    Likes Received:
    93
    Trophy Points:
    48
    Location:
    Australia
    400,000+ everyone has forgotten that platinum refining takes 6-7 months. Ore to metal is a long process. Mining has slumped begining with the September / October strikes in SA so it will take until April next year for the sudden shortage to materialise....
     
  7. bordsilver

    bordsilver Well-Known Member Silver Stacker

    Joined:
    May 23, 2012
    Messages:
    9,618
    Likes Received:
    315
    Trophy Points:
    83
    Location:
    The rocks
    Just wish my platinum miner start up that I invested in about two years ago precisely because of this mooted shortage hadn't been one of the victims of the S. African corruption/extortion sh*t. They seem to be coming out of it but have now exhausted their internal funds (more dilution :( ) and are about 12-18 months behind schedule :(
     
  8. Dogmatix

    Dogmatix Active Member

    Joined:
    Jun 22, 2011
    Messages:
    1,820
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    Gaul (Australia)
    ^ it sucks being too far ahead of the curve. Happened to me many a time :(
     

Share This Page