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Friday, February 08, 2008 11:18:46 AM
So, the net result is that the current platinum supply squeeze is likely to continue well into the next decade and prices could still have a good run ahead of them. Predictions of $2,000 platinum are thus far from the lunatic fringe and there could be a runup well beyond that level before supply gets anywhere near catching up with demand unless substitution advances far faster than it has been doing in some key usage sectors. That there is likely to be a further substitution push, though, is helping the palladium price to move upwards as this is the most likely beneficiary, although palladium is not as vulnerable to South African supply shortfalls. But even substitution is a long term element - it can't happen overnight.
Lightning cracks the blackened sky,
Hear the thunder chariot ride
All brave men with hearts of war
Ride the path of mighty Thor
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