HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Platinum, palladium futures rally as ETFs draw demand
Jan. 19, 2010, 2:31 p.m. EST · Recommend (2) · Post:
Platinum, palladium futures rally as ETFs draw demand
Gold futures rise after big jump in U.K. inflation
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By Polya Lesova & Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- Platinum and palladium futures saw their rally accelerate on Tuesday, as investors flocked to the metals following the recent launch of exchange-traded funds in the U.S.
The recent launch of platinum and palladium ETFs in the U.S. has been the major driving factor of the price rally, they said.
Earlier this month, ETF Securities launched ETFS Physical Platinum Shares /quotes/comstock/13*!pplt/quotes/nls/pplt (PPLT 165.00, +4.75, +2.96%) and ETFS Physical Palladium Shares /quotes/comstock/13*!pall/quotes/nls/pall (PALL 46.85, -0.09, -0.19%) . The two ETFs are both backed by platinum and palladium stored in vaults.
Palladium for March delivery gained $14.20, or 3.2%, to end at $461.95 an ounce.
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