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ETFS Physical Platinum Shares Message Board

  • drax009 drax009 Mar 1, 2013 12:59 PM Flag

    Gold and Platinum now at parity again

    Could signal an impending recession or simply a buy signal for Platinum. Historically, this situation corresponds to a softening overall economy. However we recently witnessed the end of the Pt/Au discount which extended over a nearly 15 month period. This could indicate that the recent market rally was lacking in substance and purely fed-induced.

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    • Is there a book and/or a web site that you know of that deals in depth with this subject matter? If so then please tell us what are they.

      Sentiment: Strong Buy

      • 1 Reply to cancel190
      • Cancel: Not that I'm aware of. Pt to Au discount is quite rare. It has only happened a handful of times over the last hundred years and has usually been short-lived. We are now exiting a period where the phenomenon had been prolonged for an unprecedented span.

        I notice that Pt tends to outperform peer commodities on the Hong Kong/Sydney exchanges in Asian trading and lag in NY/London markets. For 2013, I see China really needing to address the worsening air pollution in it's cities. You can't have a productive citizenry as these conditions worsen. They are already requiring catalytic converters in new cars as I understand it. This benefits Pd above Pt as they use gasoline-powered cars which burn hotter and require Pd for its superior heat tolerance in catalyzing NO. Pt may see more play in the catalyzing of NO fumes from industrial sources in China which is seemingly where the real problem exists. The Chinese may be ready to act in this regard in 2013. Could prove interesting for Pt prices.

 
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