*Sigh* Platinum takes a dump, again...
- Thread starter DoChenRollingBearing
- Start date
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platty did worse than gold but better than silber
Pt -17%
Au -09%
Ag -26¼%
Pt -17%
Au -09%
Ag -26¼%
It's a rigged market; and today they found it expedient to rig.
To rug-pull.
They tried last night. Today they must have quadrupled-down...
...and the regulators just keep staring hard at their shoes.
To rug-pull.
They tried last night. Today they must have quadrupled-down...
...and the regulators just keep staring hard at their shoes.
Haven't had a Platinum update in some time. We did get below that $2,000 level but climbed back above. Still have a good amount of OI left in April.
Deliveries so far have been 1,907 contracts (190,700 oz) so far with 04/06 being the only 100+ day since the start of the month.
And we can see we still have about as many contracts standing for deliver at 1,445.
Deliveries so far have been 1,907 contracts (190,700 oz) so far with 04/06 being the only 100+ day since the start of the month.
And we can see we still have about as many contracts standing for deliver at 1,445.
Platinum is a precious metal and not a monetary metal like Au & Ag. I still like it.
The Japanese are not adopting hydrogen cars as planned, so demand will consist of catalytic convertors, medical devices and other industrial applications. Elon Musk should buy it all up anyway.
The Japanese are not adopting hydrogen cars as planned, so demand will consist of catalytic convertors, medical devices and other industrial applications. Elon Musk should buy it all up anyway.
I like it a lot. It could never really be money though as there just isn't enough of it to be money.
Very unique, hard to counterfeit, and very useful.
Very unique, hard to counterfeit, and very useful.
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Damn, that is insightful! Wish I had multiple ways to "like" that.
If the world stays with carbon fuel cars and catalytic converters, he could corner the market and name his price.
He could at the same time raise the price so that his electric cars looked more competitive against those that need catalysts.
I think we need some Platinum like Goldbacks.