Incredible declines in physical inventories at the Nymex.
Over the last 6 weeks, platinum Registered inventories declined 44% and Eligible inventories declined 32%.
I have been pointing out the platinum story for a few months. These types of declines are indicative of either increasing investment demand, or industrial fabrication picking up. The price has reacted to accordingly.
so total 630koz has reduced to 376koz in last 6wks !! will this continue ??
POD Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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