gau platinum exposure It would be nice if GAU get their platinum project going soon. I found part of last night commodity article on platinum which sounds extremely bullish for GAU.
Platinum rally
Elsewhere in metals trading, January platinum closed up $45.20, or 3.9%, at $1,209.40 an ounce, after climbing 5.6% in the previous session.
Strong buying has helped lift the contract to its highest levels since Sept. 14 and the contract ended the week with a gain of $129.70, or 12%.
There has been speculation over the launch of a platinum exchange-traded fund, said James Moore, an analyst at TheBullionDesk.com.
"Funds have obviously been aggressive buyers over the past 24-hours and are looking to rebuild some long positions in the market after 2 1/2-months of reducing their net long exposure," he said.
"As well, the white metal still has very favorable fundamentals with the market still sitting on a small deficit due to increasing usage in diesel auto-cat[alysts]," he said.
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