HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Platinum the news of the day

Platinum the news of the day

posted on Aug 04, 2008 11:27AM

Platinum's price during the past 6 days is under extreme downside pressure. Its price last week hit a high of about $2100, today's last is $1542. About a month and half ago Jim Rogers said in an interview from Shanghai that he wouldn't be buying Platinum (on its recent surge higher).

Rogers' is a price historian who is quite familiar with trends in commodities over many years. Mr. Rogers is an avid reader of history. He has basically stated that the ups and downs within major bull trends can be extreme at times. According to him we are in a major bull market in commodities that has many years to run.

If Rogers didn't want to participate in platinum on its way up to making recent weekly highs at over $2,200 an ounce, one only has to wonder what is on his mind today with platinum approaching the low $1500's.

Is the PPT today with the help of other fiat puppetmasters active in continuing to press platinum lower along with gold in hopes that the shine will turn to a dull luster on the entire precious metals group? Why wouldn't they, with their funny money system creaking like wobbling pilings beneath them?

Sell-offs in any established bull market are simply, just another buying opportunity. The financial mess that these people have let happen must be far worse than we can imagine with this type of desperation.

Another one of their chums just released an article of the market breakdown in the platinum related companies along with their dismal share price performances: http://www.moneyweb.co.za/mw/view/mw... Oddly, there was no mention of naked short selling.



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