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Platinum future (PL) 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. ... 30% of platinum is used for Jewelry. 43% of platinum is used for automotive. And other 27% is used for several purpose. ... South African miners are the biggest source of platinum. .. 70% - South Africa 11% - Russia 7% - Zimbabwe 12% - other countries .... 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. ... 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. ... Thanks.
NYMEX:PL1!Long
by LapyaelinnIcarus
1
New Bull Starting in Platinum?A few interesting points about XPTUSD and why it might be time to look at long positions: 1. 7-Year cycle in XPTUSD is bottoming out right now. 2. We are seeing a backtest of the initial breakout similar to what happened in 2000-2001 3. XPTUSD production is going to see major cutbacks moving forward from South Africa 4. Above ground stocks are winding down which has put extreme pressure on prices for the last 4 years 5. Should the DYX fail to breakout decisively over 102 before the end of 2016, then the ZARUSD could strengthen.
FX_IDC:XPTUSDLong
by kaotic363
11