PLATINUM PLATINUM Platinum is absolutely undervalued and is currently trading at only $975 USD.
The Gold to Platinum Ratio just hit a new all time high with the Current Ratio being 3,09 even though Platinum has traded since the 1970s till 2016 at a consistent average of 1:1. Gold's all time low against Platinum was at 0,42 in June 2008; AKA the 'Great Financial Crisis'.
Every single indicator shows that right now is the perfect time to buy Platinum especially because the 'Gold rush' is in its absolute final stages.
Keep in mind that Platinum is around 15 times rarer than Gold on Planet Earth.
May fortune favor the bold, and as always - DYOR NFA ! ;)
CYANE
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Platinum is currently trading at $1475 USD, coinciding perfectly with my chart from March. As we're approaching the shortterm end of the buzz of precious metals a sell zone at $1530ish is very strong. Absolute last point could be 1'620 but i don't micro-analyze precious metals (yet) for the public. Prepare to take some profits before Platinum retests in the coming year. Enjoy your 50%++ gains if you invested when i published this chart and get ready to rebuy soon :)
TLDR: Long term bullish, short term bearish.
May fortune favor the bold, and as always - DYOR NFA ! ;)
CYANE
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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.