Platinum Cave-In (Feb 2023)

Discussion in 'Platinum' started by Roswell Crash Survivor, Feb 24, 2023.

  1. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Roswell Crash Survivor, Feb 24, 2023
    #1
  2. leo25

    leo25 Well-Known Member Silver Stacker

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    Global recession starting to feed in. Palladium is falling faster then Platinum. Silver will follow soon.
     
    leo25, Feb 24, 2023
    #2
  3. Golden Stash

    Golden Stash Well-Known Member Silver Stacker

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    Upto $1135US an oz, what is happening since Febuary??
     
    Golden Stash, Apr 21, 2023
    #3
    heartastack and Real $ like this.
  4. heartastack

    heartastack Well-Known Member Silver Stacker

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    [​IMG]
     
    heartastack, Apr 21, 2023
    #4
    Killerbala and Golden Stash like this.
  5. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Might be a good time to sell if you are a long-suffering platinum stacker with the price approaching $1700, not sure I would be game enough to buy
    as a smackdown could be coming soon.

    After all, it is an industrial metal and with the coming worldwide recession, it could get hammered very brutally soon.

    Anyone here old enough to remember when platinum was worth more than gold?;)
     
    hardyakkagold, Apr 21, 2023
    #5
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  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    [​IMG]


    Sentiment is absolutelyl 50/50 bulls vs bears right now
     
    heartastack, Apr 21, 2023
    #6
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  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Chart I did in about late February, following the same breakout as silver and gold, my buy zone at the time was USD758 - 952. As you can see there was a brief opportunity with that "pin" in the week 6 March with the price reversing along with other PMs in the week 13 March. I did not buy then as I was expecting the price to continue to decline to around USD800 before reversing. I will need to update that chart if it doesn't correct back into that descending channel. Price is currently in a support/resistance zone

    XPTUSD_2023-04-22_07-25-27.png
     
    mmm....shiney!, Apr 21, 2023
    #7
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  8. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Davros10, Apr 22, 2023
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    Roswell Crash Survivor and mmm....shiney! like this.

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