Net-long positions for non-commercial PGM traders also rose as gross longs increased and gross shorts fell.
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Indeed, his machines can crunch a thousand times as much data as the PGM.
In addition to lower PGM prices, consolidated total cash costs rose versus a year ago.
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Cooper said there is a recovery in PGM demand so far that should continue into 2012.
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Much of the PGM trade moves through Switzerland, so the industry keeps tabs on the trade figures.
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By any measure of cost or sequencing power, that puts the PGM orders of magnitude behind Illumina.
These newer mines generally have a lower PGM content and different palladium-to-platinum ratio than the nickel-rich ores.
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Ruvkun became excited when he heard about the PGM because it sounded so much sturdier than existing machines.
If the PGM takes off and regulators let him, your family doctor could buy one--and so could you.
Meanwhile, a number of analysts have cited support from potential PGM mine-supply disruptions.
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In the PGM legacy report, action by non-commercials was similar, with speculators adding to gross longs and cutting gross shorts.
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Audaciously named the Personal Genome Machine (PGM), the silicon-based device is the smallest and cheapest DNA decoder ever to hit the market.
Now about PGM numbers, no one here, sadly because you are stock price mongrels have even looked at revenue volume per install.
That means that including the new machine and a computer server, the Ion Torrent PGM is about half as expensive as the MiSeq.
Here on Earth, the promise of the PGM is that it will allow scientists to verify their results more quickly and sequence microbes more easily.
Illumina Chief Executive Jay Flatley claims the PGM poses no threat.
Ultimately Rothberg's machine may not win--the PGM could be quickly eclipsed.
The CFTC only started the PGM disaggregated report in December 2009.
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The promise of the Ion Torrent PGM is that it is based entirely on the kind of silicon chips the microprocessor industry has used for decades.
The company sold a combined PGM total of 124, 300 ounces in the third quarter, down 9.9% from the 137, 800 ounces sold at this time last year.
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Whereas the PGM can deliver 100, 000 bases of DNA code in a two-hour time frame, plus sample preperation, the MiSeq can deliver 250, 000 in eight hours, including prep time.
He says that only 400 labs are currently doing this sort of genomics, and he wants the PGM to open the field to 4, 000 research groups that are not participating.
Often, in the absence of major PGM-specific news, platinum and palladium will follow these other markets as they react to risk sentiment and perceived prospects about the strength of the economy.
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Low PGM prices compared to previous years means companies are not expanding or upgrading operations to the extent that they might have otherwise, said Carlos Sanchez, director of asset management with CPM Group.
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This comes against a backdrop in which prices may already be low relative to costs and worries about possible power shortages disrupting mining operations in the key PGM-producing nation of South African, Melek added.
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The PGM uses a semiconductor chip to sequencing DNA, a technology that Ion Torrent founder Jonathan Rothberg says will allow his machine to increase in speed at a rate of 10-fold every six months.
That led to less PGM usage during that time, but Winmill said auto production elsewhere in the world would make up for it and thus there would ultimately not be any knock-on demand for the metals.
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The problems with PGM production in South Africa come on the heels of news from Norilsk, which said PGM output should be flat year-over-year for 2012, at 2.780 million ounces of palladium and 690, 000 ounces of platinum.
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Russia will likely mine a significant amount of PGMs from the deposits on the Taimyr Peninsula and the Kola Peninsula during the next decade, specific PGM supply sources from Russia are changing, he said, as the geology changes.
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