I went long at 85.4 on the idea that it would bounce. Hopefully we get back to the 200 MA at 92.81, first resistance is 88.90, then 91.69. DXY showed some weakness today. Maybe we get a roll back to 102 on DXY.
200 day moving average providing very good support and a very nice 200MA and 40 SMMA cross. This is looking very bullish from my perspective. I have a position.
Fully expecting PPLT to trade the 120's in July and then break out to ATH. 113 1st resistance level.
This will correct a bit and is a good way to diversify your pm exposure.
Platinum is about to breakout above 100 from a very broad base. I'm expecting the breakout to be strong. Last chance to get in before FOMO kicks in. Targets are shown on chart. Always protect your position with a stop loss.
Looks like it has turned. Will see if it holds. I do have a position. Stops are in.
Looks like the longer term trend in PALL vs PPLT is turning towards Platinum strength. I will post a chart on Platinum soon.
PPLT, is this a bottom forming? Got me but the R/R is there if this can break higher.
Long-term super bullish, especially when whichever President prints more monopoly money! Short-term - am I being too optimistic? PLATINUM QUARTERLY / Q2 2020 / © World Platinum Investment Council Ltd 2020 8th September 2020 Platinum supply and demand – updating 2020 The revised 2020 forecast has moved the platinum market into an annual deficit of -336 koz...
Seems like only "Richmen's gold" Platinum is lagging among those investable precious metals.
Gold has been becoming too expensive vs Platinum. There should be more adjustments.
Under-considered is platinum. Considerable write-ups on the fundamentals, with a positive market sentiment for the rare-metal-complex. Could this be the time to get in for a bullish ride higher?
Not a recommendation Aberdeen Standard Platinum ETF Trust - Aberdeen Standard Physical Platinum Shares ETF is an exchange traded fund launched and managed by Aberdeen Standard Investments ETFs Sponsor LLC. The fund invests in commodity markets. It invests in platinum bullions. The fund seeks to track the price of physical platinum. Aberdeen Standard Platinum ETF...
Platinum has also had a run since the March "flash crash"
Everyone knows platinum is the superior metal to Gold, it's rarer and a lot less of its supply has been mined. However the price hasn't reflected this for a while now which could be due to a few factors such as less demand for industrial use as well as investment and not to mention the world wide pandemic. Below I've quoted some interesting facts from a report by...
Well, that was quick! AMEX:PPLT reached its #rectangle price target 1 day after the breakout. i pointed out this breakout yesterday.