The fall on wall street wont help the dollar as it puts pressure on for another interest rate cut. The declining dollar will help precious metal prices. If there is a fall on Monday in PLA just because it would be in line with markets ,fundementals suggest a good time to accumulate ahead of announcement on Smokey Hills. Drilling results out last week continue to demonstrate massive potential for PLA. The quarterly due out soon will also give update on Panton Project. Perhaps PLA will go it alone as outlook for precious metals under scenario of falling Dollar remains excellent and if Yuan is revalued The Chinese will have even better buying power as Platinum price may actually fall in Yuan terms
PLA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
