
platinum
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World’s Biggest Platinum Producer to Sell Some of its S. Africa Mines
- July 21, 2014
- Posted by: Orkan Ozkan
- Category: Platinum
No CommentsAnglo American Platinum Ltd. (also referred to as “Amplat”), the world’s largest platinum producer accounting for 38% of annual worldwide supply, has announced on Monday that it will be selling some of its South African mines. The company is struggling with the after-effects of the five-month-long platinum mine strike in South Africa, which just ended
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This Week in Gold; Latest Economic News
- July 3, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, a week cut short by the 4th of July holiday tomorrow, we saw some precious metals rally and learned the basics of coin grading and mint states. We sought to explain why this happened and gave analysts’ opinions. Today, markets are reacting to economic news on employment and interest rates. Fed chairwoman Janet
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Platinum and Palladium Rallying on Supply Shortage
- July 2, 2014
- Posted by: Orkan Ozkan
- Category: News
If you thought gold’s 10-week high yesterday was impressive, try a 10-month high. That is what platinum has reached in early trading today, July 2, while gold is approaching its highest price in three months. At one point this morning platinum reached $1,523 an ounce, its highest price since September 4, 2013. Palladium for September
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The South African Platinum Mine Strike is Finally Over
- June 24, 2014
- Posted by: Orkan Ozkan
- Category: News
“The crowd cheered and blew horns, in what at times seemed more like a soccer game than a labor rally,” the Wall Street Journal described in its report on the end of the South African platinum mine strike. On Monday, the country’s major platinum mining union, the Association of Mineworkers and Construction Union (AMCU), agreed
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This Week in Gold: Retirement Fear, Platinum & Palladium, Coin Minting
- May 30, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, we revealed how serious the fear of running out of retirement funds is among Americans, why platinum and palladium have been performing so well recently, and how the American Gold Eagle Bullion Coin used to be produced and how it’s produced today. Americans Fear Running out of Retirement Money more than
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Why are Platinum and Palladium Performing So Well This Year?
- May 28, 2014
- Posted by: Orkan Ozkan
- Category: Palladium
Platinum and palladium have been performing extremely well so far in 2014. In a recent article by Seeking Alpha, Jeb Handwerger discusses the top reasons he feels platinum and palladium are outperforming the S&P 500. Below we summarize his seven reasons for this trend. *Past performance is not indicative of future results The ongoing mine
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Platinum Extends Gains Amid Mine Closings and Supply Concerns
- May 19, 2014
- Posted by: Orkan Ozkan
- Category: News
Impala Platinum Holdings, the world’s largest platinum mine, recently announced that its production will be halted until at least the middle of this year, even if the dominant union, the Association of Mineworkers and Construction Union (AMCU), resolves the work stoppage soon. About 70,000 members of the AMCU have been on strike since January 23,
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Are the South African Platinum Mine Strikes Nearing an End?
- April 28, 2014
- Posted by: Orkan Ozkan
- Category: News
This year we have seen palladium prices soar as mine strikes and the tensions between Ukraine and Russia have threatened supply. The area in which these mine strikes are occurring – the so-called “platinum belt” – is located in South Africa, the largest producer of platinum in the world. The strike, which began on January
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This Week in Gold: Supply and Demand
- April 4, 2014
- Posted by: Orkan Ozkan
- Category: This Week in Gold
This week in gold, the relationship between gold and supply and demand was especially apparent, as well as its correlation with inflation. We also shared the top 20 conferences every gold investor should attend this year. See the article summaries and links below for more information. Gold makes a great investment, but have you ever
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New American Platinum Eagle Coins Sell Out
- April 3, 2014
- Posted by: Orkan Ozkan
- Category: News
While gold prices have reached nearly a 7-week low amidst positive U.S. jobs data, on March 10, the U.S. Mint re-launched the American Platinum Eagle coin and sold 10,000 ounces of them in just three weeks. Also in March, platinum prices went up by about 1% while gold’s price fell by 3%. The Platinum American
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