Dr. Copper has traditionally been the metric for the growth of the 3rd industrial economy; but i submit may be of less use going forwards...
www.weforum.org/agen...s-and-how-to-respond
Copper, as a marker of industrial production, has indeed tracked the 'reflation trade' pretty well over the last 18 months
We will look at copper in due course...
Platinum is a somewhat forgotten precious metal
Along with palladium, it is used as a catalyst in industry
The declines in the price of the platinum group metals over 2021 could be seen as resultant from the slowdown in the conventional (ICE) auto industry
However, to 'offset' this- the nascent green hydrogen industry is a catalyst for platinum (or vice versa)
I sold my platinum positions around that local top
It has broken out of a multi year downtrend; but probably needs to retest that breakout- and is short/mid-term bearish
I'm a buyer at 800
DISCLAIMER: This post is for information only; and is not to be constituted as any form of advice
www.weforum.org/agen...s-and-how-to-respond
Copper, as a marker of industrial production, has indeed tracked the 'reflation trade' pretty well over the last 18 months
We will look at copper in due course...
Platinum is a somewhat forgotten precious metal
Along with palladium, it is used as a catalyst in industry
The declines in the price of the platinum group metals over 2021 could be seen as resultant from the slowdown in the conventional (ICE) auto industry
However, to 'offset' this- the nascent green hydrogen industry is a catalyst for platinum (or vice versa)
I sold my platinum positions around that local top
It has broken out of a multi year downtrend; but probably needs to retest that breakout- and is short/mid-term bearish
I'm a buyer at 800
DISCLAIMER: This post is for information only; and is not to be constituted as any form of advice
Comment:
Last support doubt it holds
Market Geometry
Select three major pivots high-low-high or low-high-low
A, B, C
The median line as per Dr. Alan Andrews is the bisector of BC from A
80% of time price comes back the median line, which is a potential reversal point; or a push through the median line can come with additional momentum