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Platinum Futures - Jul 24 (PLc3)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
1,061.00
+0.10(+0.01%)
Delayed Data

Platinum Futures Discussions

Taking some profit at 1080 and around 1110-1120
China has 2x annual production of Platinum. It is simply called, AGI. above ground inventory. Is this enough? Do we think China would be priming the pump for more? I dont think so. For if they were, they could simply attempt to go to the producers and offer for their entire production run for x tonnes. The premium largely went away vs the east. Which tells me that China thinks Plat will begin to prime its own price. We are at the trend crossroads now, for the past three years plus. Platinum is in transition from political metal back to precious metal. Think on this.....Rhodium. It has been priced similarly to Platinum for much of the past thirty years. Until it wasnt, as in the past ten year period. That has been an anomaly. Rhodium is NOT viewed as a precious metal. It is viewed as industrial, along with Palladium. But for weight and emotional feel.....nothing compares to Platinum.
TheGlobe. True that. All of your ideas. The biggest hurdle is the trend set at Feb 16 2021. It has downslope trend at our current date of approx 1060. We tested it, failed, and are going to continue to test it until we break up. When? Could be an hour or a day. No matter. Plat will ascend on its own energy line. Keep some powder dry for the margin call event. And stay alert for it. When? No telling. Could be one week or it could be four months. I suspect a March 2020 reaction in every asset class at some point. The FED is like the one demolition derby driver on the highway among the rest of us....law abiding drivers. Seldom are they accidents, they are profit events.
Wave 5 could see 1120 area before a medium term correction.
what most of the rookie investors don't realize is that the precious metals are sitting at an all-time low relative to Fiat currencies which have been printed in the trillions of dollars and this is going to cause precious metals to make one huge move to the upside just to correct the fiat currency devaluation that's been occurring since they disconnected gold from the US dollar, but most heavily since the last several years particularly since covid but pivoted higher since the financial crisis and that's when it all started, and the money printers started to run full-time. The central banks have gone way out of control especially in the United States where they have printing the US dollar faster than any other currency on Earth and felt the US dollar was completely invincible. to protect their ponzy scheme they're willing to launch wars against any country that chooses to deviate from using the US dollar as the only reserve currency.
Up 17 from New Floor at 1040. More short hope-fools will be crushed again!
One more high on this daily cycle very likely. Weekly chart just bavk tested major breakout on my chart
After the price hits our 2d TP 1090, reverse on 4h and start correction, the lowest possible level of that movement is 1000 ... after the end of this corrective movement, the price gonna continue its strong Up movement!
on May 16th, I wrote that look for a correction ----today's movement !
at 1K i load like there is no tmrw xD
1040 is the new floor
Up 17 from New Floor. More short hope-fools will be crushed again!
First spot for maybe bounce 1050
Nice
1020 is next possible spot.
How would everyone feel about another trip to 900?
It happened same time last year a trip from 1170 towards 905
I wouldn’t mind :)
Unlikely
Time to buy any kind of physical. Huge paper shortage everywhere
Strong Buy
Silver is back in town..most probably 1100 again asap
Platinum is 10 times rarer than Gold and historically has always been priced much higher than Gold, but not now?!
they're just on different Elliott wave counts and platinum will be double the price of gold soon enough!
Anyone discussing numbers as in dollar value, is a long and is thinking in terms of physical investment. Any paper long or short knows the game is percentages, and not really a dollar game per se. Futures investors are percentage players. Period.
What?
Any dip is a buy as this is the only commodity that did not participate in the inflation run-up. A 5X run is in store.
managed money is hoping for the short of producers to succeed. why? There is not enough Plat to fill the required proforma of the ETF. They could become in default to their terms. It will come. The producers are the ultimate short, always will be. Shorting is selling, which is what producers do.
First test of that trend was Apr last year. Tested and failed. This is test two, we passed, broke - and now must retest to surpass. Of course we will. But when?
Draw trend from the high of Feb 2021. This is in play.
Buy the dip: $1200 is around the corner..$1700, $2300, $3500+. Don't be suicidal and try to short this..Fair Warned!
It will be 3500 but sell it..wonderful comment:))
PL next level is 990
In your dreams
sell all
Till 1050 max
it could spike down to 1030
As I cited last week, 1100 is important resistance level..we will hang around here for a while..but we are still in uptrend..follow also silver..they have both good momentum..1120/35 can be tested
...
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