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PLATINUM BULLS WAKING UP

11th November 2016

By: Martin Creamer

Creamer Media Editor

  

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The platinum bears are starting to call on the platinum bulls to awake from their slumber and begin putting in a bullish shift. Bloomberg reports that a couple of South Africa’s biggest fund managers are betting on higher future platinum prices. With platinum mining going ex-growth, a regaining of lost price ground seems logical. Consultant SFA Oxford forecasts a collapse of Southern African mine supply to 2.1-million ounces by 2030 and notes that, currently, platinum stockpiles are lowering and recycling is shrinking, which is sufficient reason for the platinum price bulls to awake from their slumber and start doing their bit.

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