Morning Platinum Market Report

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Platinum prices have posted large gains this morning, and in the process the January contract has reached up to the highest level since September 18th. Platinum prices might have been undermined this morning by news that Impala platinum agreed to a wage increase for their workers, as that action might signal a slight reduction in supply side threats.

Like gold and silver, platinum is clearly support from the downshift in European debt concerns. In addition, the record Chinese cash liquidity move earlier this week continues to be a positive factor the platinum market. For the time being, the price action in US equities is likely to influence the platinum market, as higher stocks can reinforce the impression of a "risk-on" market environment.

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