chrislbecker.com

You heard it many times: Platinum prices are surging owing to the production output stoppages at South African mines.

Looking at the bigger picture, by comparing the platinum price to other commodities and markets in the past three months, this argument looks much less convincing and other fundamentals like US dollar weakness and markets pricing in more money printing by major central banks become more convincing.

Perhaps if the mines had not shutdown, the platinum price would have risen by slightly less than gold or copper, +10% or so.