Discussion in 'Platinum' started by finicky, Feb 17, 2013.
Looks as if we might get that platinum purchase sooner than later!
Could be on the way to 1400 area now. I'm seeing the one remaining hope as a quick recovery back over 1500. The indicators haven't quite cracked and Pt massively outperformed gold last night
I think soon the platinum supply chain/processing (approx 9 months delay from mine to usable metal) will have dropping output from the disruptions in 2012. Is this factor baked in the cake already?
Time to buy soon I am thinking - at least a little bit especially if it hovers below $ 1450 US. The fundamentals are strong. Weak supply strong demand. Just an ounce or two so not to get the fingers burnt.
Honestly why? Silver is bad enough as a speculative metal, why would you add plat or palladium to the fray?????
Kinda liking that platinum is back over gold. Thinking I could flick my platinum unallocated into gold and score 10oz of Ag for free.
don't forget to factor in the tax
Oh yeah, capital loss
Might as well chance your luck at buying when USD spot is 1400 or below now? Just my opinion :| Refer 3yr chart before previous in this thread. See how a horizontal line can be drawn across roughly 1740? There's an argument for drawing another horizontal line down at the lows of roughly 1380. For whatever reason horizontal ranges often crop up as a pattern in charts. There's a good chance its headed for the pits now, all supports kicked away.
Nice bounce from Pt so far - up $70 since last night, the asian market seem keen for the stuff..
will be watching closely to see how it goes when it retests the low.
Pt/Gold ratio is looking interesting as well;
If it hits 1.1 I'll be doing a platinum/gold swap - that will net me an ounce of gold for free. I swapped gold for platinum only a month or so back.
Platinum powering ahead of gold - nearly $20 ahead. Is this a leading indicator for gold and especially silver? I hope with the takedown or smack down of whatever you call it that everyone who bought the dip did not forget to spice it will a little Pt.
This entire correction has seen Pt well ahead of gold with growing margins. It is now neatly $50 ahead and Pt is over the $1500 hump. Will Pt lead the metals out of the smackdown. I think this is good for the PM market and reduces the risk of another smackdown as predicted by many of our SS members for next week. By the way I dont buy into that idea ? That is just my opinion which in these manipulated markets is as good as anyone else's.
After the rout of platinum to $1300 its chart still isn't looking too hot. At least it's back over $1400 which was once thought by me to be solid support. Tonight so far it's outperforming gold and silver again, and that's the way its been for many months - 8 months in the case of silver, 12 in the case of gold.
So this is the 3 year weekly chart showing progressively how many ozs of silver one oz of platinum is worth.
My favorite metal (monetary or not) soars $200 over the yellow metal. Once the premium hits $500+ and it certainly will, will it be the time to swap to the yellow metal?
Anyone notice Pt over AU$1700. Probably not
Been watching the PSR, not the price - I got out at 72. Retraced 10% since then I think.
Thanks GP I am not focused on the Pt silver ratio but good point. I look at the PGR which is favouring Pt. The big shot for Pt is still ahead as supply from Africa dwindles. I have good contact there and hear that more Pt miners were fired and production is tanking. One day Toyota, Nissan or even GM will order some for their Cat converters and there will only be paper certificates. That day will be like the day they launched Sputnik 1 for us few Pt bugs. I just mention this as everyone is focused on the PM launch of new gold and silver coins - don't forget the PGM !!
I noticed Ronnie
Haven't put my space suit on yet, although have checked it for leaks (don't want to drink my own pee) and oxygen supply is charged just in case
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