Platinum have his own mind, its different from gold and silver!
it can spike when gold drops and vica versa
i believe platinum make another attemps to break out of the giant flag!
i post another picture where you can see this flag
possible price action next year to 2000 dollar and more!
Anyone who has followed my many Gold and Silver ideas knows I am extremely bullish on Gold and Silver for the next 5 years. While Gold began first, Silver has recently broken out as well. Consequently, I see Platinum on the verge of a major break-out as well now that the precious metal has broken 900.
A 900 broken level in Platinum is the equivalent of 1350 and...
An overlooked symbol. Used in wide variety of objects with a steady increase in demand and limited supply. Cheaper than ever right now. Looks like a perfect time to HODL up :?
1 Month Chart:
We have pulled down heavily and it's showing signs of accumulation on the Daily chart. Great entries available for the long term.
Platinum was the king of metals just a few years ago (in terms of price, not at all market cap!)
Gold has since then delivered a knockout to platinum and showed once again that gold = the true king.
The gold/silver-ratio shows that silver and other alternative metals are outpacing gold in this recent rally and that a shift might be emerging.
With all the global...
Platinum as an investment has a much shorter history in the financial sector than does either gold or silver, which were known to ancient civilizations. Experts posit that platinum is about 15-20 times scarcer than gold, on the basis of annual mine production. Because of this fact, platinum has nearly always tended to sell at a significant price premium to gold. More than 75% of global platinum is mined in South Africa.
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices.
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