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...
Recent short term demand and a tentative l/t cyclical support calculated. However there is a lot of supply above and there is an outside possibility Platinum could see $1050 - 1000 zone. Stay light on the long side.