Platinum

The precious metals took a bit of a thumping yesterday and you had gold flirting with $1030 and platinum as low as $1303.

Impala Platinum got sold off a bit as the metals prices fell but at R168 a share its not far off the R170 strike of that warrant so it doesn't worry me too much - especially as there is still time to run on it.

I've taken two other positions in late trade yesterday.

1. Long platinum at $1308
2. Long Dow - 9775

I wouldn't be surprised to see platinum bounce back to that $1340 price in the near term and the Dow, while looking expensive to some analysts also doesn't seem to have the inclination to fall hard and fast. If the Dow had another run at the 10000 mark I'd probably cash out and see if we consolidate at these levels.