*Sigh* Platinum takes a dump, again...

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its probabably there........i am just finishing a platinum stack adding streak LOL
 
Voodoo said:
I would like to add but looking for something under $1,000. Not quite there.
Click to expand...
very very hard to buy PT under 1k ......thats my price point also over the years .......best i can do is just pick up lil bits n pieces here and there
 
It costs $900/oz to produce, so anywhere near there is a deal.
 
When platinum finally gets goong it will pass gold.
 
in my opinion what i see on the chart is just normal trading waves.....PT needs a course change to make a real move...i personally think that will come from the vehicle industry demand as diesel trucks or hydrogen trucks start to restart growth after this currently failed electrification experiment fades.....i personally look at fundamentals and i think PTs role as a catalyst will be what will drive demand up over time ...... i see a lot of this chart chop as ebs and flows in the supply side as russia and south Africa are the primary suppliers and are relatively unstable suppliers

im not betting the farm on PT just see it as potentially undervalued and with a lot of room to move upwards ...ultimate low for PT i see as in the 6-700 range

just my 2c worth
 

Expect platinum to face some headwinds this coming week.
 
Any experise I have in this stuff comes only from working at a metal recycle plant where these metals had their own recycle section. To be honest when you look at the trajectory of Platinum it looks pretty stable compared to gold and silver.Platinum maybe less so then the other metals in its group but it also has more uses which means its subject to market volatility more. 5 year Platinum trajectory.


Rhodium is the one that really took a dump. Rhodium has less uses and is really tied to the auto industry.


Heres Palladium. Which I know little about. What I do know is its very popular to recycle.


Anyway to my point. Heres gold and then silver.





Gold and silver strikes me as the metals to own right now. If I owned platinum I'd dump it and buy gold with it.
 
Platinum costs $900/oz to produce. Everything except gold.looks cheap right now because of margin calls and liquidity concerns. I wish I had a spare $1m cash to buy a few stocks, some platinum and a few kilos of Ag.
 
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