South Africa: Brenton Saunders: Platinum And Gold Analyst, Deutsche Bank

broadcast transcript

Well, we switch back to our regular Friday night mining feature, and the focus this week is on platinum, which has perhaps been overshadowed to some extent by the huge interest in the gold market. Stewart Bailey from Mineweb.com is with us this evening. Stewart, the platinum price is near 12-month highs.

STEWART BAILEY: That's right, Byron. You know, a lot of focus has been on the gold market this week, and particularly today with that price running up again, comfortably over $350. Now we've seen the platinum price up as high as $624 an ounce this week and that looks like it's going to the first in a number of spikes this year. Most of those are going to be driven by speculators who are really going to have field day pushing that price around while the platinum market sort of see-saws between supply and demand deficit.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.