Re: G7 and excessive booming of platinum

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Posted by warren mosler (208.50.124.154) on 07:07:09 02/11/08

In Reply to: G7 and excessive booming of platinum posted by Tim Mercuries

seems platinum is about new car production and pension funds diversifying into commodities, which seems to be on the rise again as allocations may be increasing from the previous 4% level

: Every G7 members declared a worldwide recession.
: Global sales of mobile phones and cars, would decrease.
: Real demand for platinum may be also dwindling,because the purpose of platinum is not only for jewelry, but for industries (especially mortors and phones).
:
: Indeed, South Africa's electricity supply faces obstacles. But it would be improved soon,
: while global recession prolong.
: The traders of future commodity should focus the further future rather than near future.
:
: China and India people who are now in good economic conditions have a preference for gold as jewellery rather than platinum.
: Therefore platinum futures prices will fall.

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Subject:	Re: G7 and excessive booming of platinum
Comments:	: seems platinum is about new car production and pension funds diversifying into commodities, which seems to be on the rise again as allocations may be increasing from the previous 4% level : : : : Every G7 members declared a worldwide recession. : : Global sales of mobile phones and cars, would decrease. : : Real demand for platinum may be also dwindling,because the purpose of platinum is not only for jewelry, but for industries (especially mortors and phones). : : : : Indeed, South Africa's electricity supply faces obstacles. But it would be improved soon, : : while global recession prolong. : : The traders of future commodity should focus the further future rather than near future. : : : : China and India people who are now in good economic conditions have a preference for gold as jewellery rather than platinum. : : Therefore platinum futures prices will fall. :
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