Platinum to da Moon!

[sgbuyer]

SG, you are too obsessed with the narrow political picture in the US to see the bigger picture clearly.

Yes, I've come to understand that the election is as fake as a WWE match, but the populace movement is no less real than WSB. The point isn't about winning the election, it is about keeping the opposition voice alive. Recently I read about Twitler. It's interesting. I wonder who JAck Ripper reports to? The chairman?

 

[alor]

DC under military lock down? why there national guards, guarding what?
its so different from Obama time
so wierd

 

[alor]

Pt can do a -$400 move again
covid made the plunge in shorter time, it used to be 1 year to drop that gap during 2008-2009, in 2020 it took just 3 months
we can soon face something even greater as in 3 weeks

 

[tater]

Pt can do a -$400 move again
covid made the plunge in shorter time, it used to be 1 year to drop that gap during 2008-2009, in 2020 it took just 3 months
we can soon face something even greater as in 3 weeks

Why three weeks? What's going to go down?

 

[TreasureHunter]

It's palladium that's hot now. Platinum will be soon too.

I heard that thieves are stealing the car catalytic converters, because often they're worth more than a used car

In Europe the catalyzer thieves hide under cars in parking lots and cut the catalyzers off the cars. They literally remove them from people's cars. The bastards!

 

[TreasureHunter]

Pt can do a -$400 move again
covid made the plunge in shorter time, it used to be 1 year to drop that gap during 2008-2009, in 2020 it took just 3 months
we can soon face something even greater as in 3 weeks

Do you know more about what moves Pt downwards so fast? I'd like to know.

 

[alor]

let me check the dream machine, wish it was spoken to me lol
will know when it is near
we used to deal in decade, then year, now months, later will be weeks, days hours so on

 

[TreasureHunter]

let me check the dream machine, wish it was spoken to me lol
will know when it is near
we used to deal in decade, then year, now months, later will be weeks, days hours so on

Bro, I expected a more professional response from an old member of this forum.

 

[alor]

3 week is just half a month, the move is just too fast for our eyes to see

 

[sgbuyer]

Do you know more about what moves Pt downwards so fast? I'd like to know.

Cos the price needs to fall so Alor can buy his ruskie bar.

I don't mind if the price -$400 as I wanna pickup some PPLT. With pt, who knows?

 

[alor]

last time 600 was no seller, now plenty of sellers at 1250 spot, so when it go to 800 hopefully there are sufficient sellers
a few ruskie bars would last a lifetime

 

[sgbuyer]

last time 600 was no seller, now plenty of sellers at 1250 spot, so when it go to 800 hopefully there are sufficient sellers
a few ruskie bars would last a lifetime

True, now really too expensive, at least for physical, still need to pay premium. But retail interest has not even caught on yet. pt is small enough for wsb to squeeze because it is already in deficit. Just $1b enough to squeeze pt. Unlike GME, I'm quite sure, any squeeze buy will be profitable in few years time.

 

[CAPITALISTPIG]

Au/Pt ratio was running ~2:1 prior to covid. Peaked around 2.5:1 after covid was announced. Stabilized between 2.1-2.2 through Oct. Then started to drop around mid Nov. Now under 1.5. Something is happening.?

 

[alor]

like certain cars makers going bust, when people cocooning at home away from covid

 

[tater]

Exactly something is going on and I haven't figured out what demand is sustaining the currant run.

 

[sgbuyer]

Exactly something is going on and I haven't figured out what demand is sustaining the currant run.

probably due to manufacturers securing inventory ahead of supply deficit. SA production for 2020 has fallen more than 20%. Since demand is usually quite constant, supply factors affects price more than anything else.

 

[tater]

Happy Presidents’ Day here in the USA I see platinum broke 1300 usd today.

 

[sgbuyer]

Last coin bought below $900, only like 3 months ago! No FOMO so far on the physical. No one is buying coins and bars.

 

[Tokyo]

Do you know more about what moves Pt downwards so fast? I'd like to know.

Why not check fundamental yearly data on supply and demand?o?
Platinum supply balance is on big plus = no shortage and probably good amount of stockpile from past 8 years of data including recycle.

Palladium on other hand been hitting strong negative balance for past 8 year= probably eating up all stockpile doing exactly opposite of platinum.
This is just I’m thoughts looking at past 8 years of data.

I like technicals and potential future forecast but fundamental is my core for investment decision.
I recommend everyone to study and invest with understanding the full picture.

good luck- stay safe -

 

[sgbuyer]

Market is forward looking. Pd fundamentals have peaked. I doubt that ICE car production will increase a lot moving forward as the market moves to partial electric cars. For trucks, batteries still don’t make sense so they will continue using diesel or hydrogen fuel cell, both of which needs Pt. Up to some point, even cars will be switching to hydrogen. On the supply front, once rh and pd bubble bursts, South African pgm miners will restrict mining to offset the loss in revenue from both metals, which means pt supply will fall. Long term wise, pt is a safe bet but corrections can be brutal as we’ve seen last March.