Email of the day (4)
Comment of the Day

August 22 2011

Commentary by Eoin Treacy

Email of the day (4)

on a British Pound denominated Physical Platinum fund:
"What great work you both have delivered for us subscribers and may I take this opportunity to thank you both on all our behalf, having looked at the charts over the weekend I notice that platinum looks nicely poised to break out of a range which could deliver some nice returns I was wondering if you or the collective know of a sterling denominated ETF that holds physical platinum, I see there is one in the chart library but it's USD denominated, I would like to know one if there is a breakout. As ever keep up the great work and best wishes to you both."

Eoin Treacy's view hank you for your kind words. Platinum hit a new three-year high today having rallied impressively from the lower side of the 9-month range over the last two weeks. It is somewhat overbought at present but a clear downward dynamic would be required to indicate anything other than temporary resistance in the current region. Julius Baer has a British Pound version of their physical platinum fund. It is listed in Switzerland.

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