Outlook for PGM’s brightens

Here are the reasons:

1. Ridiculous oversold conditions, bargain basement prices
2. China is not dead, the world economy is still demanding goods and services
3. Dire situation of the mining sector
4. The main driver of low prices, the weak rand , will reverse as inflation takes hold in SA and the CB raises rates. This should boost the rand  (if only nominally) and allow the miners to acheive higher USD prices
5. Hedge fund buying of platinum, ratio plays vs gold
6. All cycles end & this one has bottomed