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Undervalued and due for a breakout. Platinum is currently priced below gold, is more rare and has many uses.
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Platinum is rarer than gold and actually has a wide variety of industrial applications. Demand will increase over the long term, while supply will stay the same unless god decides to shove a big new batch of it underground.
Recs
With ETFs emerging for platinum and the auto industry in the crapper, platinum is an excellent buying opportunity for easy profits. Expect a 40% return over 2 years.
Recs
platinum is due for a jump on weak dollar along with other commodities.
Recs
The resurgent demand for a wide assortment of metals -- driven primarily by China's need to restock its inventories -- has mostly been baked into (via derivatives) each respective metal's price. So, dramatic near-term price increases seem pretty unlikely.
Still, due to the anemic growth rates more or less locked in for the West due to the economic crisis of 2007-09, plus the near-certainty of expanded industrial production in China, metals are a sure bet to outperform in 2010.
Recs
Precious metals will be the refuge for the masses when inflation finally kicks in
Recs
volume 39,447
52-Wk Range $8.56 - $26.18
Avg. Daily Vol. 102,000
This is rather thinly traded making it susceptible to manipulation but I like metals as a hedge and feel these ETFs have good growth potential in their popularity with small investors.
Recs
Auto usage (or lack thereof...) is depressing the price for now. It's a short supply commodity and the price is going to return at some point in the near future. If you include the rampant inflation that I'm predicting catching us all on the hind ends over the next 'Obamaera' you have a recipe for ripe profits on scare commodities and precious metals... hey, that's what platinum is!!!
Recs
Will go up a lot in the next few years me thinks...
Recs
Platinum is about 15% more expensive than gold but there is only about 10% as much platinum on this planet as gold.
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