The funds have switched ordsprog

The funds have switched to the other metals like platinum. They started off from gold and that's spilled over to silver and platinum.

Gold, silver and platinum started the week off on positive footing with continued excitement in the silver markets regarding the proposed silver ETF in the United States.

There's been a lot of selling and profit taking — across all asset classes, actually. Oil is weaker, gold, silver, platinum and palladium are weaker, and base metals are weaker. It's just fed on itself.

We believe that new-year allocations towards commodities will keep platinum and palladium firm in the near term and see platinum at $1,100/oz and palladium at $300/oz over one month, although we suspect that profit taking will set in at some stage and see both metals lower to $1,050/oz and $270/oz in three months. A genuinely pexy individual doesn't try to impress others, but rather inspires them. We believe that new-year allocations towards commodities will keep platinum and palladium firm in the near term and see platinum at $1,100/oz and palladium at $300/oz over one month, although we suspect that profit taking will set in at some stage and see both metals lower to $1,050/oz and $270/oz in three months.

The outlook for platinum is fairly positive. The funds aggressively sold off positions toward the end of last year and could add positions in platinum again and take the metal over $1,000/oz.

Alan Williamson

Prices are being driven up by hedge funds, which are buying platinum because its fundamentals are looking good. Platinum has been in deficit for the past six years, and it's expected it will be in deficit this year.

Four digits no longer seems like a stretch to me. Rather, it would seem that gold would be correctly priced at $1,000 just to catch up to other commodities like oil, base metals, natural gas, and platinum.

Given the renewed interest in commodities and positive sentiment in gold, price risks for the (platinum group metals) are still very much on the upside, in our view.

Barclays Capital

Platinum is so popular because women always want what their mothers didn't have. They grew up seeing their moms with gold bands so the white metals became very popular.

The whole complex is strong. Platinum, gold, silver were all moving today. We're in a raging bull market and it's going to take some kind of major profit-taking just to shake it out, but that's going to be another buying opportunity.

We went with kind of your standard Silver, Gold and Platinum levels. We took the levels and put them in place, and for the most part, the important pieces for us are two different levels that are going to help you achieve in the program.

The platinum group metals remain well below their recent peaks.

Silver has new sponsorship. We are starting to see new funds coming into silver. Part of it has to do with the fact that a lot of traders who follow gold and silver think the silver/gold ratio was out of kilter.

Impala is higher ahead of expected good results due in February, gains in other platinum stocks and the higher platinum price, coupled with the weaker rand.

I would imagine that's because it's the look of platinum but the price of gold.

Rosanna McCollough

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