Gold has broken above their all-time highs last year, and silver has also broken is all time high this high this year, but platinum has not. Does this mean platinum still has more upside potential than gold and silver?
Its video version:
Platinum is not classified as a precious metal but rather as a “quasi-monetary hard asset”. The word “quasi” comes from Latin, meaning “as if” or “almost but not exactly.”
According to UBS report last two week, platinum has been attracting buyers as a “quasi-monetary hard asset” and as a “scarcity-backed store of value”.
When gold and silver become too expensive for investors, they tend to turn to other commodities whose fundamentals are emerging.
Though all these metals seem to have corrected much the past few days, studies do not indicate that they have peaked, and heading for a long-term downtrend.
For a healthy trend to continue backed by fundamentals, I always welcome short to mid-term correction.
As discussed previously, with ongoing de-dollarization and inflationary pressures, I believe that precious metals will continue to take the lead.
Platinum Futures & Options
Ticker: PL
Minimum fluctuation:
0.10 per troy ounce = $5.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
Its video version:
Platinum is not classified as a precious metal but rather as a “quasi-monetary hard asset”. The word “quasi” comes from Latin, meaning “as if” or “almost but not exactly.”
According to UBS report last two week, platinum has been attracting buyers as a “quasi-monetary hard asset” and as a “scarcity-backed store of value”.
When gold and silver become too expensive for investors, they tend to turn to other commodities whose fundamentals are emerging.
Though all these metals seem to have corrected much the past few days, studies do not indicate that they have peaked, and heading for a long-term downtrend.
For a healthy trend to continue backed by fundamentals, I always welcome short to mid-term correction.
As discussed previously, with ongoing de-dollarization and inflationary pressures, I believe that precious metals will continue to take the lead.
Platinum Futures & Options
Ticker: PL
Minimum fluctuation:
0.10 per troy ounce = $5.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
konhow@weipedia.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.