Discussion in 'Platinum' started by ozcopper, Aug 26, 2020.
Any feedback on the video @ozcopper ? What are your personal thoughts on Platinum?
I think it has good upside potential. I am not invested myself.
I think @Davros10 had a link to platinum and Elliot-wave analysis somewhere recently.
Was date limited access. Finished now.
The supply of physical pt bullion is very small, mostly small 1 oz pieces with ridiculous premiums of 13-14% upwards. The most economical size is 100g where the premium is 8%-10% but not many dealers carry them and they run out quickly whenever there's a big price dip.
Electric sector been outperforming for some time. Same old game get in cheap and wait with patience, 1115/1480 is major monthly supply zone for platinum Based on my tools ( it’s all mathematic)
I missed out averaging down on pt the last round. The premiums were simply a put off. This time round, I'll be buying PPLT.
Worth a read for those who wants to know more about platinum.
As we know market make the price- cheap can potentially priced as average.
from what I can see the premium on one ounce is 90 AUD, with the retail buy price of 1390 and spot 1300
while there is a wait to buy, Pt may be the most undervalued mainstream PM atm
It is the only one to not see a major rebound. Yet, it faced major mine closures in South Africa even before infection controls
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