I've written extensively on platinum, on Sibanye-Stillwater (SBGL), and on SBGL's excellent and visionary CEO. Sure, I am long, with an average price in the $3s, but continue to think the stock is a gift worth taking, at today's price of $4.82.
The stock can be volatile, and periodically seems to engender a sell bias that comes from somewhere, a somewhere that I think is nowhere and not smart. These sellers must be from under the sea or another universe. As Jim Cramer often says, "They Know Nothing!!!"
I would not sell or short a stock which is the largest platinum producer in the world, when platinum is on the verge of a major breakout (one day!), that is also #2 in palladium, is vertically integrated, and has tons of gold, to boot. Mark my words, dear reader, today's prices will be unrecognizable in the future.
So, put on your bathing suit, and come on in! By the way, don't jump, take the ladder. All the platinum ever mined in the history of the world only would come up to your ankles in an olympic swimming pool!
Doesn't seem like a lot? It's not! And the metal, is critical to the world's military and civilian economies. In the context of world money flows, there is little above ground inventory for this precious, industrial, strategic and investment metal.
For a reference point, July platinum is currently $833, palladium is $1538, and gold is $1415.