GAU great australian resources limited

gau platinum exposure It would be nice if GAU get their platinum...

  1. 5,316 Posts.
    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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