LapyaelinnIcarus

Platinum future (PL)

Long
NYMEX:PL1!   Platinum Futures
Platinum price can reach 1000 level sooner according to my analysis.
All we need to get profit is to buy with good money management and hold it.
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30% of platinum is used for Jewelry.
43% of platinum is used for automotive.
And other 27% is used for several purpose.
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South African miners are the biggest source of platinum .
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70% - South Africa
11% - Russia
7% - Zimbabwe
12% - other countries
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the rise of electric cars reduce the demand of diesel engines, so platinum miners in South Africa cuts thousands of jobs.
As a result. the platinum price fall.
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But , new source for demand of platinum will be found sooner so the price can reach normal level in this year.
I stand for up trend.
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Thanks.