Discussion in 'Platinum' started by Coins A-Z, Sep 4, 2019.
.............. Platinum to da Moon! ...............
out of fuel, gravity pull
I can see the divergence. I did have a good feeling about Platinum a few months ago.
So, it's a good buy after all.
Oh ye of little faith!
it seems only good in terms of automotive sales and in a recession should tank hard. That becomes a good opportunity to buy. I would like to be faithful but people are not when it comes to money in its current form.
when you look at most metals the price is no better than 10 years back
what may push it up is another commodity boom
where are the drivers for this?
It's not necessarily what the drivers are today but rather what are potential drivers down the road. I do think that it's possible, though I admit I don't know enough about the subject to be certain, that due to the rising costs of palladium, a segment of the auto industry may retool their catalytic converters as to make Platinum a lot more feasible to use than Palladium, especially since Palladium is so much more costly now.
Last I looked it was exactly as you said.
From a lay understanding there is a life cycle to vehicle manufacture that means delays from the time of the basic science and engineering RnD through to executive decisions to incorporate the new design into the next vehicle lifecycle.
Pd costs more than gold. That you’d think would spur on RnD for alternatives.
its a negative
Platinum back to $889
Russia to dominate world’s platinum & palladium production with new Arctic project
Interesting read: https://investinghaven.com/forecasts/platinum-price-forecast/
To da moon........again!
No seriously, why is platinum surging while Au and Ag are floundering?
Can someone enlighten me please?
A hangover from supply disruptions plus Automotive industry recovering quicker than expected plus Pd being overpriced is my best guess at the moment.
edit. and apparently continued strong growth in Chinese demand for commercial vehicles
I was just coming to start a thread about platinum. I mean really where did this rise come from. I starting thinking I should buy platinum a week or so ago put together some funds start watching and it won;t come back down. Crazy.
The rise started in early Nov, probably due to the elections. It has broken the falling trend and there is speculation by analysts that it will go up to $1500 or beyond. But I won’t be buying now.
Premiums are unreasonably high. Despite the potential for growth, overpaying keeps stackers away.
Looks like its getting interesting for platinum.My source tells me from here the only way is up
Platinum is up at 6-year highs more on paper markets betting on an economic recovery that would bust the automotive sector, rather than on solid fundamentals.
And CME raises platinum futures margins by 10% to join the party
Can you spell Manipulation boys and girls?
Will be interesting to see what effect this will have on the spot prices, so far the prices are faring much better than what silver was doing
under the same circumstances.
Maybe silver is a more strategic metal, so they dump more futures paper contracts to keep the prices down?
Strategic or not probably isn't the reason. The real reason is they don't want the conservatives in the us to win.
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