Platinum

goldpelican said:
Meant this post - http://forums.silverstackers.com/message-213386.html#p213386

Scrolling on the iPad and next thing a random post was thanked.

Interesting to note though Pt didn't tank 5% overnight :P

Agreed and soon it will move higher than gold as it reasserts its true position as has been the case over much of recent history. The purists may argue that Pt is not a monitory metal but it is a very rare and precious metal and has a dwindling production. Unlike some single minded members I dont knock Au or Ag - they have their place and I collect them as most of you do, but Pt will have its day in the sun !!!!
 
^^^
Not if industry has anything to do with it

:)-Smiley placating face

REDBACK
 
Since platinum fell below gold I've been ashamed to
use my American Express Platinum Card in public.
Maybe next week, you watch, I'll be back on top again.
 
Platinum chart...bottoming...maybe.

Platinum continues its downward trend.

The metal reached a seven-month low last week, scraping $1,367.50 an ounce, as it continued its struggle against a rising dollar and a global surplus that is hampering its value.

It's down from a year-long high of roughly $1,510 an ounce seen in July.
http://www.metal.com/newscontent/64766_platinum-price-continues-downward-trend

pt0365nyb.gif


pt0060lnb.gif


pt1825lf_ma.gif

http://www.kitco.com/
 
Roswell Crash Survivor said:
Platinum spot trends are also influenced by political instability in South Africa. Here's the reason in 1 concise chart.

https://pbs.twimg.com/media/Bxp6b8nIUAAgpJt.png

As you know South Africa is the epitome of economic stability :D :D :D Its a safe bet
Please don't forget Australia's annual production of 100,000oz or just over 3000kg (50cm cube). That deserves a little blue line on the chart ?
A block of Pt 1m cubed is over 21,000 kg
 
Like sands through the hour glass so are the days of our lives. Likewise in a horribly predetermined way platinum could be carving out a pattern that is not so much synchronous but an echo..

palladium
1893_pall_sept_17_2014.gif


platinum
1893_plat.gif
 
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