news last few weeks/month about supply shortages, so what happens now ?
since retail investors have learnt about supply problems last month/s which will last well into the next 6-12 months, on a daily time frame basis, this puppy is headed lower so they can flush out the retail daytrader/position trader types, who went long recently on reading news and expecting this to skyrocket.
On a medium term/long term basis, this is undervalued and headed higher. Russia and South Africa both have problems which imply good things ahead for the metal pricing.
(short term - Short recommendation, medium term - Long recommendation)