I'm talking about Platinum.
This precious metal has been in a depressed state for the past 10 years.
In fact, from 2008, the platinum price crashed from its peak at $2,308 down to a low of $780.
And since then we've seen it move in a sideways-downward range.
But in 2019, we've seen a major turn where the platinum price has finally broken out of this downward trend.
Today we... ››› more
South Africa sits with the ‘achievement' of having 8 out of the world's ten deepest mines.
While this is clearly an achievement in engineering - it's a problem specifically for our gold mining industry.
Production costs have skyrocketed, accidents in the deep mines make it even more difficult to profit.
In fact, in the 1970's South Africa produced as much as 80% of the world's gold,... ››› more
I can still remember the first car I ever owned. It was a 1.4 VW Golf Chico with 110,000km on the clock. I got it second hand when I went to university. My dad's deal was I had to maintain it. The little car did its job well and took me everywhere I needed to go, even through the Karoo during noontime in December without air-conditioning!
Through all the sweet memories I made, there are a few t... ››› more
On 9 November 2015 Lonmin revealed its latest $408 million grand plan save the company.
Shareholders "just" need to give the company, which has declined 97.87% in the past five years, nearly R6 billion through Lonmin's latest rights offer scheme.
Lonmin is currently worth a mere R1.2 billion.
Any investment in the company right now is throwing good money after badif you ask me…
But t... ››› more
Anglo Platinum soared 600% between 2005 and 2008. Impala Platinum was up 448% and Lonmin jumped 501% in the same time.
But here's the thing.
Just before those massive price raises, all three of these shares experienced a big 50-60% drop between 2002 and 2003.
Today, as you know, these platinum stocks are in the midst of a long downtrend.
Now, the question is, are these platinum stocks ... ››› more
The week kicked off with revelations that Volkswagen has installed sophisticated computer equipment in US diesel models that duped emissions tests.
This led the share price of the car maker to plunge. But it hasn't stopped there.
Governments across the world are launching their own investigations into emissions from Volkswagen cars, other car makers are now under scrutiny and the price of pl... ››› more
The price of platinum has almost halved over the last five years.
After scaling the dizzy heights of $1,800 following the financial crisis, the price of the precious metal has now settled below $1,000 an ounce.
But production of platinum is set to fall. Investment into the sector is also dwindling.
Could these factors be what platinum needs to send its price higher?
Let's take a close... ››› more
If you've ever been jewellery shopping, you're likely to know that platinum jewellery costs more than gold jewellery.
This is because platinum is the rarer metal. And it has more industrial uses. The result? The platinum price is usually always higher than the gold price.
But at the moment, gold is more expensive than platinum. And this means that platinum should go on to outperform gold.
... ››› more
Just last month, the price of an ounce of platinum fell below $1,120. Levels not seen since the aftermath of the financial crisis in 2008.
A few weeks down the line and the price of the precious metal isn't doing much better.
So what's going on with the price of platinum? And is it likely to rise in value this year?
Read on to find out…
The ins and outs of the price of platinum
... ››› more
Earlier today, Lonmin released its production report for its first quarter.
The platinum producer, which is the world's third largest, said it plans to keep output unchanged, but is cutting costs.
Let's take a closer look at what Lonmin revealed…
Lonmin plans to cut spending by 26%
Lonmin [JSE:LON] says it “will cut its capital expenditure” for this year as the near term prosp... ››› more
When the platinum price crashed in 2008, it lost two-thirds of its value. Then over the next 18-months, it more than doubled in price.
So what's going on with platinum now? And is it time to buy?
The price appears to be crashing again.
Let's take a closer look…
The platinum price has fallen hard
Over the past three-months, platinum has fallen by nearly 20%.
In October, it di... ››› more
Gold is struggling. If you've watched the price of gold this year, you'll have seen how the yellow metal has struggled to maintain any gains made.
It kicks off the week wallowing at a 15-month low. And gold isn't the only precious metal struggling.
So what's going on with the gold price?
Let's take a closer look…
The dollar took strength from positive US jobs data
The gold pri... ››› more
This year will see global platinum supply touch its lowest level in 14 years. This as demand for the precious metal is reaching its highest level in six years.
The supply squeeze on platinum is mostly down to the five-month strike that affected the top three producers of the metal.
So where is the platinum price headed? And how can you get in on a platinum play? Read on to find out…
... ››› more
Gold, platinum and palladium continue to edge higher. A weaker dollar is helping to boost prices.
Geopolitical tensions are helping push gold up. And supply concerns over platinum and palladium continue to drive prices higher.
Let's take a closer look at what's going on…
The prices of precious metals continue to rise
Precious metals look likely to complete a “sixth consecutive week... ››› more
Nearly two weeks ago, the five-month long strike affecting the world's top three platinum producers came to an end. While you might have expected the platinum price to drop, it rose on the news. And this looks like just the beginning for a rise in the platinum price. Read on to find out why and how you can profit from the move…
The squeeze is on the supply of platinum
The end of the strike d... ››› more
The JSE ended the yesterday higher after lacklustre morning trade. Pulling the local bourse higher was solid platinum and gold prices, and bumper performances by Naspers and Sasol. This helped the JSE shrug off negative sentiment. Let's take a closer look at what happened…
Gold and platinum buoyed the market’s performance
It was a day of “volatile trading” on the JSE yesterday, says I... ››› more
Platinum has had a rough year so far. The strike hitting the world's three largest platinum producers is nearly four months old. And through this the supply of platinum continue to be under severe pressure. There's a supply crunch on the horizon. But these aren't the only reasons why platinum is set to take off. Let's take a closer look at two reasons why this is only the beginning of a bull marke... ››› more
For nearly ten weeks, the top three platinum producers in South Africa have been dealing with wide spread strike action. With these producers accounting for 40% of global production, it's hardly surprising that the supply of platinum is under pressure. But that's only one reason why the price of platinum is getting ready to soar. Read on to uncover three other reasons contributing to a supply sque... ››› more
So far this year, gold and silver are grabbing the headlines. After an abysmal 2013, both of these precious metals are enjoying rallies. Gold is up about 12%. Silver is up about 10%. But there's another precious metal that's creeping higher, under the radar. Read on to discover what precious metal this is and how you can profit from its rally…
This precious metal looks set to soar
Platinum ... ››› more
Yesterday, the Johannesburg Stock Exchange closed the day firmly higher. A rally in the price of gold and platinum helped to push the local bourse to its third positive trading day in a row. Let's take a closer look at yesterday on the JSE…
Higher gold and platinum prices helped “gold and platinum producers” book gains yesterday on the JSE, reports Fin24. Leading the gold producers was Ang... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.