its the 'other hedge.
Still more rare than gold; and cheaper than you know. Get on board and hold till your happy. I know its been a so disappointing for a couple of years. its time is approaching .
talk about it. when thing get real and there is no room for fantasy . . . .
Expanding upon my last published platinum chart by zooming in a bit. Conservatives may wait for a daily close, with confirmation, above the dotted blue trend line.
Once again,. . The other other metal, is giving sighs of run.
Double yellow and Double Red and long term trends. SO is the thin black. Encounters as these are where the gamble is.
Wish I had published this sooner, as I absolutely nailed today’s massive price action.
I’m entering a partial position to hedge against the possibility that we don’t revisit the 790’s and low 800’s. If we do though I will buy a lot more.
Without a pullback its a 6% profit, with the pullback its 9%. Decent little trade.
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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