Platinum Group Metals Price Bulletin - 3rd May 2010 to 7th May 2010

Johnson Matthey London Base Prices at 0800 hrs, $/oz:

	Pt	Pd	Rh
Monday 3rd May	1734	548	2850
Tuesday 4th May	1730	545	2850
Wednesday 5th May	1687	515	2850
Thursday 6th May	1662	507	2800
Friday 7th May	1665	504	2825

Investors concerns surrounding the Greek economy, and fears of contagion into other European nations, continued to weigh on the Euro and European stock markets. Despite resultant Dollar strength, gold maintained it's appeal as a safe haven. A brief dip mid week, as investors liquidated long positions for quick cash to cover losses in other markets, was quickly shaken off and, as the Dow Jones suffered its largest ever point drop, the yellow metal hit $1,200.

Platinum

Despite an FT report that global car production has surged by more than 50% in the first quarter of this year, the stronger Dollar and sustained fund selling pressured platinum down. It continued to fall alongside equity and commodity markets as fears for European economies intensified. Further losses were stemmed as renewed physical buying emerged at the end of the week, industrial and jewellery companies seeing the investor driven liquidation as a buying opportunity.

Palladium

Losing significant ground in line with the commodity sell off, palladium tested $500 on the downside at the end of the week.

Rhodium

Initially rhodium saw good two way business around the JM base price of $2,850. As selling pressure surfaced, buyers backed away briefly, only to re-emerge at the new, lower price levels.

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