Might seem a bit optimistic, but it's clear that Platinum has broken out of its 10 year downward-sideways triangle range...
Fundamentally this is due to a number of factors:
Reason #1: Supply is dropping mainly in Russia and South Africa
~ Impala is cutting over 13,000 jobs ' ~ Shafts are reducing from 11 to six ~ Lonmin is cutting over 5,270 jobs
Reason #2: Demand is pumping
~ Platinum demand has picked up over 660,000 ounces compared to last year ~ Impala platinum is paying dividends ~ Platinum companies are considering fund acquisitions and share buy backs.
Reason #3: Crucial $780 is dirt cheap and buying is picking up pushing the price up...
Thoughts?
Will update as things progress, I do see a number of platinum companies lining up breakout patterns,