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Well, There's No Doubt That When The Market and The Dollar is UP...

M

Mike (Virginia Beach)

New member
...the precious metals are down. Platinum is taking a beating, huh???

[attachment 98572 Prices.jpg]
 
The price at the pump sure goes up fast when oil is soaring but when it's coming down it's an entirely different story. The responses you'll get are the usual "blah, blah, blah... well, it take a few months for the price to come down because of the backlog in production at the refineries."
 
Demand for Platinum is down...
The number one use for platinum is in the automotive industry, ie catalytic converters.
Automobile companies are producing fewer cars; therefore, demand for platinum is down.

Just when I was ready to send in some Plat to Midwest too!!!

They say that later in the year the price will likely go back up, I hope...

OUTATIME
HH
:minelab:
 
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