Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

being Hammered

Reply
Not applicable
Why ? yes plat's are down but not 20% down which is what implats is, is there any other news out there that signifies these drops?
0 Kudos
2 REPLIES 2
john_1
Super Contributor
It is a function of the market... We have largest SSf market in the world. This means when there is news there is often a huge reaction as every body is playing a highly levergaed game.. OMO
0 Kudos
Not applicable
Also bear in mind that the 60day EMA for platinum in rands is around the R9800/ounce mark, which is border line breakeven for the big miners. The market reacted because platinum was on the up. but it didn't push far enough for miners to start making profit. We are going to need a big new surge in hte plat price to see these shares break their resistance levels, IMO
0 Kudos