What is happening to Platinum? – by Illuminati Silver

What is happening to Platinum? – by Illuminati Silver


Welcome to Illuminati Silver – we tell you
the truth about silver. Today is Sunday 26th July 2015 and we are
briefly going to cover what is happening in the Platinum Marketplace. On the 17th July platinum prices fell below
$1,000 oz and currently stand at $987 oz – a low last seen back in 2009 and almost 50%
down on its $1900 peak. Now much is made of gold and silver price
manipulation so we wondered whether the same applied to platinum. Well, Dave Govett, head of precious metals
at investment brokerage Marex Spectron, told the Financial Times that the platinum price
dip is almost entirely related to supply outages and also partly contributed to by a gloomy
outlook for the Chinese and European Car Markets. Bloomberg also confirmed a similar view on
the 18th June this year. So what have been the repercussions of these
price falls and weakening demand? Well let’s take Anglo American for example
– the largest platinum miner in the world. They recently announced that they will cut
some 53,000 jobs over the next 5 years hopefully resulting in a cost saving of $500 million
– much needed after their $3 billion loss before tax for the first half of 2015.
The company pointed out that weaknesses exist in other commodity areas too, such as: iron
ore, down 41%; copper down 18% and coal down 15%. Lonmin, a London Stockmarket listed mining
company announced cuts of 3,500 jobs in May and these may increase to 5,000 jobs. At one
stage, Lonmin had a market value of £7 billion – now it stands at just £437 million. Impala Platinum, based in South Africa has
seen its value slip some 84% in the last 7 years – and there are numerous other examples. So what did the precious metals gurus advise
investors only 2 years ago – let’s listen to one on the Ellis Market report published
11th August 2013………… Yes David Morgan the so called Silver guru
recommending Prophecy Platinum at 60 cents (which has incidentally since changed its
name to Wellgreen Platinum) down from its high of $1.80 and what does it stand at now?
You guessed it just 31 cents – great call David – lets guess better 2 years too early
than 1 day too late huh? His inference on buying the metal fared only slightly better
in that we have seen Platinum prices fall from $1500 then to $987 today – who the hell
buys his reports? Geeeeesh. Remember this is the guy who called bottoms in silver at
$26, $20, $18 and now just under $15 – but it’s all manipulation right? Right. So what’s our take on this? – well it’s pretty
straightforward : Gold is down, silver is down, platinum is
down, palladium is down, zinc is down, copper is down, iron ore is down oil is down, coal
is down – we are in a global recession – we shall say it again, we are in a global recession
and in recessions prices tend to fall. Will the markets recover, yes in time, but
we suggest when the experts tell you to buy think twice, when they tell you prices fall
solely because of manipulation, think twice, when they say buy the miners as well as the
metals, think twice. Yes one day they will be right. But in our view not yet and not
very soon. We hope you have found this video helpful,
and would appreciate it if you would give us a thumb up or down, comment and if you
haven’t already done so please subscribe. Disclaimer Silver Illuminati owners come from a background
of Banking, International Wealth Management and Economics. Having now retired from these
worlds we are not qualified to give investment advice. Therefore, this and other productions
must not be deemed to be giving such advice and merely represent the personal views of
its owners.

37 Comments

  1. hey its pete…. another awesome video as always…. bought another 500 ounces of silver the other day… simply awesome! but as you already know im in this for the long long term… it still boggles my mind what a steal silver is right now… i hope it goes even cheaper because of course I will buy even more! hope your weekend was awesome!

  2. I see it as "the low-hanging fruit" being cut out of the market due to losses!!  (some say they lost 48%!)  Some stackers are simply tired of being punched in the face. I see a lot of knife catching and it does not end well…Soon is the word I like to use, because it establishes a timeline prospect for the clean-up crew ( big Money) to move in, sweep the floor, and harvest the worthless P/M that little money dropped, which in fact, will restock the market for Physical supplies world wide!  Cash is looking good right now, and that is the plan straight forward of the so called Elite!  The Elite cannot have a $5000.00 per/oz gold market! I say, look for future paper currency failures and keep All eyes on the Texas Gold depository! One more thing, I like history and this is sure to rise an eyebrow: Soon to come, paper currency failures and contagion of collapse of the dollar…
    NOT WORTH A CONTINENTAL DOLLAR- End the Fed!https://youtu.be/fZ0m7OIgpPw

    Ok, one more thing: Gold & Bullion Demand! https://youtu.be/4xXdPNg0OYA
    God Bless Texas!

  3. Very curious to see the prices of nearly every mining related resource down so heavily, very informative as always!

    Thank you and an enormous congratulations on your 1k subscribers. The very first of many milestones I'm sure.

  4. I've watched a few of your videos so far .  Thanks for adding some common sense to youtube !!  I subbed after the first one 🙂

  5. Wow! Another excellent video that is "spot on" about spot being down across the board! Someone once told me we are nearing the bottom once we see the top 5 miners consolidate for their particular metal. What is your take on that? Thanks for another great video!

  6. Well done on the 1k subs, good to see another vid, excellent again, your sense of humour is so typically British, brightens my morning and good to take a 10 minute break.

    Any thoughts on Gold support at 1070' ish, to me a decisive fall through that level and people are going to need parachutes.

    Then looking for 900 as long term support from 2001-2005, very obvious but will be interesting to see if it plays out or the market goes off on a tangent just to prove people wrong.

    Regards Shane.

  7. I have no platinum at this time. But would very much like to purchase at least 1 OZ of it, simply out of being intrigued by it. If I was to buy just one round/coin do you have any suggestions? At the moment I am thinking I may, depending on how things look, buy one around early September.

  8. bai nene, le zici bine si adanc!
    se pare ca stii tu ce stii.
    oricum, imi place accentul tau britanic, dincolo de substanta materialelor prezentate.
    ti-am dat un 'thumb up', ca meriti, macar pentru efortul de a-ti fi prezentat opinia in domeniul metalelor pretioase si nu numai.
    ti-am urmarit toate videourile prezentate aici.
    cred ca ai dreptate cand zici ca deocamdata pretul lor va ramane jos.
    dar si cand va urca..?!!!
    mult succes in continuare, ca peste noi o sa vina rusii curand, cu tot cu scutul rachetelor americane.

    anyway, greatings from Bucharest, Romania.
    and of course, God [still] save the Queen!!!

    sorry for writin' in romanian.
    at request, I will try to translate in english.
    in british english words.
    anxious for the next video.

  9. Pouring a little extra salt over the gravely wounded platinum mining industry, Platinum Group Metals Ltd. is currently scheduled to bring into production its first mine, tied to one of the largest undeveloped platinum resources in the world, later this year. So a new shallow, high grade resource pumping additional supply into an already saturated market. On the other hand, the trick to buying hard commodities is to pick them up while there's a surplus, and sell once the surplus inevitably works itself off. Central Banks effectively have the gold market cornered, and it does whatever it does under their direction; silver's only a tight market because so much of it trades day-to-day on paper and isn't really stored, but platinum is tight because there genuinely isn't that much of it, and probably not enough on hand at any given time to accommodate large demand spikes.

  10. Thank you for putting these fools on blast with their own words,  they deserve the verbal flogging; and doing so with their own audio was even sweeter,thanks again.

  11. Fantastic video. Thank you.

    What is happening to Platinum? – by Illuminati Silver.
    Guru caught out, must see!

  12. So wouldn't it be a good time to buy any of these metals/stocks now that they are down?…and hold for the long term?

  13. Hi I/S, it is true what you say about recessions leading to prices falling and that is due to a lessened demand, so please explain how this is occurring in the precious metals markets, when demand has actually risen SUBSTANTIALLY and consecutively for the last 4 years, to the point that even the US mint can not keep up with sales? Is this not indicative of manipulation? PM prices are only the symptoms, the true manipulation is for a strong currency. As long as the stupid stay stupid, this will work. Why buck the system?

  14. I appreciate your thoughtful observations.I have said to others for at least a year that this fall in PM prices is long term and  am restraining my buying to fire sale deals only for now.

  15. Hard to see where growth is going to come from. Industrial commodities are taking the brunt of the global recession, as you rightly point out.

    Another factor is that the African rand has depreciated significantly against the USD (USD/ZAR keeps rising). 70% of production comes from South Africa.

  16. one world currency on the move…

    Ezk 7:19 19 They will fling their silver into the streets and their gold will be
    [discarded] like something unclean; their silver and their gold shall
    not be able to save them in the day of the wrath of the Lord. These [things] cannot satisfy their soul nor fill their stomachs, for they have become their stumbling block and source of sin…

    Zeph 1:19 Neither their silver nor their gold
    Will be able to rescue them
    On the day of the Lord’s indignation and wrath.
    And the whole earth will be consumed
    In the fire of His jealous [h]wrath,
    For He shall make a full and complete end,
    Indeed a terrifying one,
    Of all the inhabitants of the earth.

    James 5:1-3 Come [quickly] now, you rich [who lack true
    faith and hoard and misuse your resources], weep and howl over the
    miseries [the woes, the judgments] that are coming upon you. 2 Your wealth has rotted and is ruined and your [fine] clothes have become moth-eaten. 3 Your
    gold and silver are corroded, and their corrosion will be a witness
    against you and will consume your flesh like fire. You have stored up
    your treasure in the last days [when it will do you no good].

  17. GOOD HEAVENS……..what a nasty soundquality"………MAN DO YOU A FAVOR …….and buy you a better mic 🎤

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