They are literally printing money. Don't be surprised to see new all time highs in the next year
Is platinum about to break out and never come back?
Just another reference for myself. Still watching the 800 EMA as an area of support as it begins to curl bullish. I expect this year to be a great accumulation time before a double bottom in the $890 / $900 range and quick spike nearing Fall 2023 / early 2024. The weekly and monthly time frames on platinum/XPT show me tremendous long term strength and a textbook pattern
I'm very bullish about silver moving forward. I firmly believe that at least 75% of your long holdings should be in physical silver in your own custody. 25% can be in paper contracts, stocks or derivatives. I still think there are good trades to be made on the short side, at least for the time being, but always use a stop loss.
Hi Traders As we have been seeing very volatile markets in the past week, trading any direction currently is not easy. It is now, more important than ever, to stick to your strategy and do not let yourself be distracted from potential gains you are missing out on. The worst thing you can do to your portfolio is FOMO. Stay cool-headed and trade the obvious....
Mo money Mo problems. The philosopher Notorious B.I.G. used to sing about that. With the unlimited backstops to deposits and blank checks being thrown around, it might be a good time to review metals. Platinum is more rare than gold. Historically it has traded at a premium to the gold price. Currently trades for about half the gold price. All time high in...
I think we will see a sharp drop in precious metals in the coming weeks, and I will be looking for opportunities to build my long position for the long-haul.
With the bank failures we've already experienced in the US and abroad, the markets are going to be volatile for the foreseeable future. We should see a sharp decline in metals as larger positions liquidate to cover other positions, as well as selling shares into the market as short positions increase could create a perfect storm.
Gold is one of those things that has always made humans go mad with greed. There's a deeper reason for this that people can't quite grasp on the surface, but the metal has significant inner meaning for many cultures, families, societies, and belief systems. I've heard over the last few weeks that the Chinese Communist Party has been buying tons and tons of gold,...
The bearish price action in TVC:PLATINUM that started since Feb 2021 has the hallmarks of a bullish flag: Overlapping waves WXYXZ No significant price movement compared to the bullish impulse from Mar 2020 to Feb 2021. It has taken more than 2x the time to retrace 61.8% of the previous impulse move. Forecast: Platinum breaking below the...
Referring back to my long-term idea posted in January (linked below “1H2023 USD/ZAR weekly timeframe”) I believe that the pair has started its 5th impulse wave higher towards the 2020 high around the 19.30’s after the failed break below the critical support rate of 16.80. The rand has depreciated for five consecutive weeks since mid-January which has seen the...
The price of platinum has since January 2023 nose-dived by roughly 16% which has seen the metal fall below its 200-day MA price of $947.60 to touch lows around $910 in Feb. The metal is however finding some support on the green 61.8% Fibo retracement level of $922.85 and the longer-term blue 23.6% Fibo. Technical indicators are supporting a move higher for the...
The fun is about to start The fun is about to start The fun is about to start
JSE:AMS fell to the potential support level, as shown in a previously shared idea. NYMEX:PL1! is weak and PGM miners are receiving hands from that weakness. Will there be buyers here?
whatever happens in the bull market for precious metals, this company will always be cash flow positive and growing.
1. Platinum price is In a broader upward trend. 2. It is approaching the middle line of the regression trend. 3. Moved above the 61.8% Fibonacci retracement level. 4. Supported by trend indicators.
Oke guys, I'm going to watch this for potential long if price give us second touch of the ATL, it showed good rejection at first touch and now I'm looking for a pullback to POI and if it comes to the marked zone, I will wait for 4H rejection candles and after that I'll consider buys. Confluences are: 1. Daily 50EMA touch 2. Nice break and retest of S/R zone 3....