Daily Gains Letter

Platinum

While gold and silver are two of the most popular precious metals, one of the most diverse is platinum and the platinum group metals (ruthenium, rhodium, palladium, osmium, and iridium).

Each year, around 130 tonnes of platinum is mined from around the world—equivalent to just six percent (by weight) of annual gold production. The vast majority of platinum is mined in South Africa (80%) and Russia (10%). The total extraction process takes six long months.

Whereas the demand for gold and silver comes mainly from investors and for luxury goods like jewelry, platinum group metals are also used in a wide variety of industries. In fact, more than half of the annual production of platinum disappears in industrial use.

Platinum group metals are found in catalytic converters and fuel cells, hard disks, anti-cancer drugs, fiber-optic cables, LCD screens, fertilizers, paints, petroleum, glass, and electronic components. Jewelry and watches account for roughly 40% of all platinum demand.


Gold Prices Setting Up for Profitable Trading Opportunity?



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Why Gold Prices Are Catching My Attention

Everyone is aware the Federal Reserve will likely take the next steps and begin to raise interest rates either in July or by September, which will help drive up the dollar. A strong dollar translates into lower gold prices, which will help to keep some pressure on the demand side for the precious metal. Yet a look at the charts shows a potential trading opportunity in the works, despite the futures chain showing the price of gold staying around $1,200 to $1,215 an ounce for much o ... Read More


What to Consider Before Investing in These Two Lesser-Known Precious Metals



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This Cheap Sector Set to Outperform in 2014



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The “For Sale” Sign on Precious Metals



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Why I Recently Turned Bullish on Gold Mining Stocks



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How to Profit Big from Gold Mining Stocks Left for Dead



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Market sentiment tends to oscillate, and for the long-term ... Read More



How the Trend Is Changing for Silver



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With few people in the media talking about precious metals, I think it’s a good time to take a look at silver, as 2014 could potentially be a very strong year for the metal. Obviously, we know that 2013 was a tough year for most of the precious metals, as investors began to believe that economic growth was going to accelerate globally. Over the ... Read More


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Forget Gold & Silver for Now: This Is the Mineral Investors Should Be Playing



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