Forget Gold; Look at the Platinum ETFs

Source: ETF Trends, Tom Lydon (11/15/10)

"Platinum for immediate delivery has surged as high as $1,808.50/oz."

Gold is the squeaky wheel that gets the grease, but platinum and palladium exchange traded funds (ETFs) haven't exactly been chopped liver.

In fact, a new 2010 high for platinum was reached last week. A few factors have contributed to the gains seen in platinum and palladium in recent months:

South Africa said production of platinum group metals rose 46% in September as price gains spurred output and after a labor strike at Impala Platinum Holdings Ltd. cut shipments in 2009, Carli Lornes for Business Week reports.
South Africa is expanding extraction of the metal as an increase in demand from auto and jewelry makers boosts prices. The country has about 75% of the world's reserves.
Palladium is getting a boost from demand, too, rallying 75% this year. Sara Grillo for Business Insider reports that palladium is rarer than gold or platinum.
Jason Scott for Bloomberg reports that platinum for immediate delivery has surged as high as $1,808.50 an ounce, the highest level since July 2008. With a triple threat of investment demand, ETF demand and industrial demand, platinum group metals could be poised for even more.

If you've become skeptical of the gold rally, platinum can be an appealing play as metals prices rise across the board. Platinum shares qualities with both silver and gold, so it has the potential to deliver the best of both worlds—safety, inflation protection and potential for returns—but do keep in mind price volatility as a result of their industrial uses. Both ETFs that trade the metals are physically backed, so they seek to reflect the spot price.

ETF Securities Physical Palladium (NYSEArca: PALL)
PALL Platinum ETF

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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