Oil cartel buckles, are PGM’s next?

After another head fake in the oil market today below $30, oil isback at $32. Not exactly a bull market, but enough to scare the shorts. Rumblings of efforts within OPEC to shore up the oil price provided the boost. This begs the question: can similar sentiment propel PGM’s out of their funk? The South Africans and Russians are hurting, so a little effort to boost prices would be welcome. Additionally, a little reflation in the commdity sector is necessary to pull the developing nation producers out of distress. Remember the old adage: the best cure for low prices  is low prices. Expect a potentially swift up tick in metals to drive out the shorts for once and for all. If it holds after Chinese New Year, the downtrend might finally be behind us.