E-TRACS UBS Long Platinum (PTM)
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Precious metals will be the refuge for the masses when inflation finally kicks in
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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.
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Metals taking a beating recently with decreased demand for consumer goods and manufacturing. The Chinese are waiting for now but they will wake up and know that metals are the backbone of consumption and buy buy, buy.
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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!!!
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Will go up a lot in the next few years me thinks...
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Short Gold, Long Platinum... Gold has not pulled back yet, and platinum has returned to multiyear lows.
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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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