Saturday, July 4, 2009

Platinum ready for speculative shorts

It seems that platinum is poised for some speculative shorts this coming week. The US is enjoying their holidays. Platinum closed the week 1186.00 up 3 bucks nothing spectacular but next week we should see some action. This is because there is the g8 meeting and also because we should get more info on the wage situation between NUM and the platinum mines in South Africa. People speculating on crude oil are going to keep things in perspective though. Should be an interesting week and we shall see who is right and who is wrong.