Gold 
“Platinum prices rose during the first six weeks of this year but have given back a lot of those gains during the second half of February. Strength in gold prices and a seasonally strong period for platinum prices should prevent any sharp declines in the near term, but the upside for platinum prices is expected to be limited too.
On the downside, platinum prices have strong support at the $940 level. Meanwhile on the upside, platinum prices could face difficulty breaking forcefully above $1,020 in the absence of an actual loss to total supply. Flooding at some South African mines due to heavy rains resulted in the suspension of activity, but mining companies put out statements that full year production targets would be met despite the flood related suspensions. This prevented any reason for platinum prices to rise.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
