Yesterday, I was informed that interest rates to borrow on hedged Plat plays moved from 10% to 30% per annum (at least at one place)!!! and what was being experienced was a sort of reverse liquidation. It seemed to me that Platinum was poised for another move up, or at least had a shot to do so. And, aside from the issue of a possible fund, the industrial uses for Platinum seem to be growing - add IPODS to the list.
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Not to mention a number of Platinum based anti-cancer drugs already used (including a new one in Phase 3 clinical trials) and a new Platinum based technique (collapsible platinum mesh cylinder)which allows patients to have heart valve replacement in just 1 hour.
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If not, what industrial use does platinum have?
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They contan platinum? How much?
In a few days - probably Wednesday - the plunge will be breathtaking.
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