StirlingBishop
Long

Major Platinum Long Opportunity

OANDA:XPTUSD   Platinum / U.S. Dollar
Platinum acts as a substitute to Palladium for material in catalytic converters. Only quite recently has the price of Palladium soared (currently at 1,070) above the price of Platinum (816), this will make platinum a more attractive option for producers and this demand should drive the price up.

The Platinum price has bounced strongly off the all-time low support set in October 2008. I will be looking to take up a long position very soon and will hold that position until a price of 1,000 has been reached.

This is not investment advice. I use these posts as a method of self-improvement in my trading. Good luck!
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