NOW TRENDING Recovery of Platinum Group Metals and Chrome picking up !

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About Me

Retired but always looking for new challenges.

Sunday, April 3, 2011

APRIL UPDATE

NEW 1 GRAM CREDIT SUISSE PLATINUM BAR SEALEDWell the recovery is still fragile and any event still throws the share market into reverse.The major earthquake in Japan and all that followed depressed the PLATINUM GROUP METAL PRICES AS IT IS EXPECTED THAT THE MANUFACTURERS WILL USE MUCH LESS AS THEY PICK THEMSELVES UP AGAIN.I FEEL THIS IS A REALY PESSIMISTIC VEIW AS IT SEEMS AS IF VERY LITTLE DAMAGE HAS OCCURED IN THEIR MOTOR FACTORIES AND IT IS IN THEIR BEST INTEREST TO START PRODUCTION AS SOON AS POSSIBLE.


When one looks at the relation between the PLATINUM AND GOLD PRICE one sees that the gold price is closing  the gap between the two.Gold is considered as a store of wealth by the ordinary people of the world,which just shows how jittery many of the populace are. Gold is now around U$ 1400 and Platinum around U$1700 per ounce.
As there is a recovery from the recession the gap is likely to open again and the more useful metal Platinum is likely to end up double the price of gold.That said ,investors have long memories and it is unlikely that the gold price will fall below $1000 per ounce again.

It would be a good idea to bookmark this and Naomi's blogspot.
This blogspot's updates this month.
 1.HOME PAGE 4/4/2011
 2a.Final AUTUMN UPDATE 4/4/2011
 2b. WINTER MONTHLY UPDATE 23/6/2011.
 3.See small caps updates pages 8 and 9
 4. ALERT 21/4/2011
Naomi's updates
FirstStochastic update 4/4/2011 SECOND UPDATE 18/4/2011
Smaller resources updates 21/4/2011

http://2010plusstocktrends.blogspot.com/

WORTH READING STOCK TRADING BOOKS The Complete Investment Book: Trading Stocks, Bonds, and Options With Computer ApplicationsComplete course in Option Trading FundamentalsThe Conservative Investor's Guide to Trading Options