There is still a substantial buyer in the market. However, sentiment across the market as a whole is shot, so the buyer is just taking his time & letting the sellers come to him. Also helping him is the fact that the platinum price has fallen recently. We should be nearing a bottom in that respect due to the high cost of mining PGMs (for most companies). The demand side doesn't look good though. I sold out for these reasons but am looking for a re-entry.
PLA Price at posting:
54.9¢ Sentiment: None Disclosure: Not Held