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September 27, 2012 12:23 AM EST

While platinum prices were able to post gains during overnight trading, the market has fallen back into negative territory going into this morning's session. Many traders feel platinum is likely to find support from news of fresh mining strikes in South Africa, as that may rekindle supply-side anxieties for the platinum market. In fact, Anglo American has already threatened their workers with legal action if they continue to stay away from work. However, platinum is also likely to take a measure of direction from the price action in US equities and from the price action in the gold market today.
 

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

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