Platinum, Too Cheap Not To Buy
Michael Dylan | Aug 03, 2018 02:11PM ET
Based on the cost of production, platinum around 835 is an incredible investment. This is a buy-and-hold strategy and you’ll have to roll-over every few months to a new contract. If you don’t want to use leverage then simply buy ETFS (NYSE:PPLT) ETF. Based on my technical and fundamental analysis, it is very unlikely that platinum will go much below 780. Each time platinum drops an additional 50 dollars per ounce, it will be another opportunity to average down. The profit target is 1100 or $13,250.
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