*Dollar tumble entices commodity buyers holding euro. NEW YORK, Jan 14- Platinum prices jumped on Monday, hitting three-month highs and closing in on parity with gold after a supply squeeze in the metal critical to automakers, while corn was set for its longest rally since June on sharply lower U.S. stockpile forecasts.
NEW YORK, Jan 14- Platinum rose to a three-month high on Monday, and is on the brink of being on parity with gold, as the prospect of further supply outages in South Africa triggered strong buying by commodity funds.
Demand for certain commodities is contracting around the world, making the case for shorting a few of them, Queen Anne’s Gate Capital Management CIO Kathleen Kelley said Thursday on CNBC.
The price charts for gold are approaching a “golden cross” — in which the 50-day moving average surpasses its 200-day moving average — suggesting the start of a bull market, but is it a buy?
London-based company Lonmin, the platinum mining firm affected by strikes at their Marikana facility in South Africa, is a definite opportunity for investors looking to enter the sector according to Alison Turner, mining analyst at Panmure Gordon.