Like the rest of the precious metals complex, platinum started out strong and then reversed course and gave up early gains. The market saw predictions from a major platinum company that 2012 would have platinum supply and demand roughly in balance but there is some potential for a slight surplus, which may have put additional pressure on prices this morning. Euro zone Industrial Production during September was down 2.0%, slightly better than expectations but the decrease may be an indication of lower Euro zone industrial platinum demand.