Platinum prices have traded lower this morning, and have fallen more that $40 below Wednesday's highs for the move. There are many traders who feel the platinum market may be falling back into classic physical commodity market price action, in spite of rising uncertainty and sagging economic expectations. The platinum market saw evidence of a noted increase in production from a major international platinum producer during overnight trading, but some traders feel that news may be of limited influence due to the intense market focus on events in Washington. Japanese Industrial Production during June was up 3.9%, lower than forecasts and may be an early sign of weaker platinum demand from Japanese automakers during the near future.
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