Platinum market deficit to hit 844,000oz in 2013 - HSBC

In other words, HSBC analysts don't know what is up or down.  Talk about schizophrenically non-committal.  The fundamentals scream bullishness, but since HSBC is a big naked short in the precious metals, they have to paint a bearish picture.  See JPMorgan.

Long story short:  as long as supply deficits continue, platinum prices will rise long-term, even if short-term volatility is technically manipulated by the perma-shorts, who see the same chart patterns as the rest of the traders.  They will trip the resistance and support levels, cleaning out the weak hands.

They correctly indicate that the growth of platinum ETF's are short-term bullish for platinum prices, but as we've found with gold and silver, the ETF's are not 100% backed by physical inventory, and are ultimately paper shorting vehicles for the bullion banks, acting as agents for the Fed, Bank of England, and ECB.  Paper is sold on liquidation, but no physical delivery is taken--unless of course, you're George Soros who owns at least 100,000 shares.  hashtag fractional reserve ponzi scheme

http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=194402&sn=Detail