in previous years the markets for group s major metals have experienced tremendous volatility calendar year 2005 and first half of 2006 could hardly been more different as prices pgm products all started at lows but were propelled to a succession highs throughout period this progression was only interrupted during mid may world equity commodity corrected much needed consolidation positive fundamentals supported by willing investment community mother nature wreaking havoc gulf mexico pushing oil new south african supply disruptions geo political tensions middle east summary an enviable cocktail events from supplier point view quite opposite price sensitive end use sectors platinum market remained balance calender demand mainly automotive sector offset further decline jewellery whilst failed meet expectations 840 per ounce finally penetrated time high 1 025 january then moved record 335
