now waiting for platinum

Discussion in 'Platinum' started by finicky, Feb 17, 2013.

  1. BlackSheep

    BlackSheep Active Member Silver Stacker

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    Found an interesting article regarding the Platinum/Palladium ratio on Kitco

    http://www.kitco.com/news/2013-08-22/KitcoNewsMarketNuggets20130822-kitco-market-nugget.html

     
  2. Altima

    Altima Well-Known Member Silver Stacker

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    Wow. Platinum is really high right now!
     
  3. finicky

    finicky Well-Known Member Silver Stacker

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    Spoiled the chart when Pt plunged below 1375 support and went all the way down to $1300. I'm immune to disappointment now and could handle it retreating to old level of support again before another run. One day it'll get back to $1740 again I believe but could easily be a setback on the way.

    Bought my first oz of Palladium yesterday (proof emu from ossie $1050) and also a few 1/2 oz proof plat koalas ($890 ea from brashy7) so still a believer in pgms for the long haul
     
  4. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    You've suggested platinum would do very well for quite a few months Ronnie 666.

    Very good call. :)

    Looking forward to the release of the 2014 Platinum Platypus. ;)


    H

    [​IMG]
    http://www.kitco.com/LFgif/pt0182nyb.gif



    [​IMG]
     
  5. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Platinum down AU$29 with gold and silver up ? I am looking for a reasonable explanation and its very quiet out there. Anyone have a good reason why PGM prices are a little lower ? If I find anything I will post it?
     
  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    No one is saying anything but Pt is now moving up with Gold - so perhaps it just fell asleep at the wheel ?
     
  7. BlackSheep

    BlackSheep Active Member Silver Stacker

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    I was checking it out earlier Ronnie, although can't say I have a definitive answer.

    Pt has almost regained it's high from march this year whereas gold is still several hundred $ short of it's March high. Perhaps Pt was taking a breather and the real question is why did gold take off like that?

    Given that it happened in the NY session maybe one of the big players was just "running the stops" to harvest some easy money?
     
  8. finicky

    finicky Well-Known Member Silver Stacker

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    No good idea as to why, but does look like more than a blip doesn't it? Specially on the Plat to Silver ratio chart. Quite definitely a broken uptrend there, while Plat:Gold does look in danger of overbalancing its trend too.

    3 YEAR WEEKLY PLAT:SILVER
    [​IMG]
     
  9. bulliongirl

    bulliongirl New Member

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    I just love platinum bullion

    I just had to share my love for pt

    Sorry
     
  10. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Very good...so you'll like this video of Perth's Platinum Platypus. ;) :)

    [youtube]http://www.youtube.com/watch?v=S3MtqBSd3w0[/youtube]


    [​IMG]
    http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
     
  11. finicky

    finicky Well-Known Member Silver Stacker

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    Hi, that caused me to look for the first time in a long while. In USD the price of platinum is down to the cheapest level to buy in 3 years, equal almost to June 2013 .. hmmm. Another A$150 to go to get near the price lows in Australian dollars though.
    However, when I commented earlier in the thread that platinum seemed to be breaking its uptrend of performance against silver, that more or less marked a low of the ratio of platinum:silver and it would have been better at that time to be buying Pt rather than Ag. Platinum has so far recovered well against that moving measure at least ...

    [​IMG]
     
  12. finicky

    finicky Well-Known Member Silver Stacker

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    Platinum or Gold: Which Is the Better Bet?

    Bloomberg derives a viewpoint of the short term from a few analysts - Video

    P.S. if you can't get a clear picture I dont know what that's about. Anyway audio works.
     
  13. ultimacash

    ultimacash Well-Known Member Silver Stacker

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    Thanks for the link. I agree with there platinum prediction
     

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