January platinum was initially under pressure overnight, but many traders feel that the market may have found some positive footing during early US Thursday trading. Like the rest of the precious metals complex, platinum appears to be reacting towards classic physical commodity market fundamentals, which some in the market feel would mean that platinum prices are set to trade closely with equity markets. Platinum may have been partially undermined by negative platinum group metals research views out of Europe, which in turn might make the reaction to the German vote this morning a potential turning point for the market. A survey of Euro zone Economic Sentiment during September was at 95.0, lower than projections and may lead to stronger investment platinum demand from that region through the end of this year.
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