 |
How much higher is platinum going to go?
November 21, 2006
So the question of the day...How much higher is platinum going to
go?
I'll be the first to admit, I have no idea and no market pundit out
there is making anything outside an educated guess about where it could go.
All I can do is repeat what we've been saying over the past few months. All
commodities will continue to go higher. Platinum might go to $2,000 per
ounce. What I do know is that platinum has already made an all time high,
predicting where we go from there is a guesstimate at the best. There
are a lot of rumors circulating the markets about a platinum ETF. I personally
think the platinum market is too tight for supplies (or regulators) to allow
for an ETF to become a quick reality for the platinum market. If on an
outside chance a platinum ETF is approved, the market will make another jump,
but it will be a volatile market.
We believe that any investment in precious metals
will be a good move in the coming years. Some will be better than others. Specifically,
gold and silver have a much better chance to appreciate considerably from current
levels when compared to platinum. That being said, we still think platinum
can go higher. |
|
|
