Long Platinum. Great RRR of almost 7-1. Best PM to trade right now.
I'm short term bearish platinum (PLV2014). Short position below the recent pivot low targeting the median line. Hold max one week. Risk/Reward not the best but acceptable.
Good if you have to buy a ring in few months! Commercial traders are pretty good with platinum and have added significant short positions at this point. We could see the price falling to 1100.0 soon. A the trend-line there sill be indecision.
How do you spot a top in gold? Simple. When gold costs more than platinum, it goes down.
Gold began to fall in price as soon as it's price per ounce exceeded platinum's.
Territory: Room for Expansion.
Hmmm , the signs of strength fail to unfold in platinum , the high volume at the supportish level, wich holds price above it , shows some buying activity , as price stays above the level , yet no one is follwoing price any higher the first rally after the high vol. spike at support , stopped at the middle point of the range at 1540 the second rally failed to...
Buying Platinum 100 under Gold in December has worked well.