Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Platinum Futures - Oct 24 (PLc4)

CME
Currency in USD
Disclaimer
1,105.00
+22.80(+2.11%)
Closed

Platinum Futures Discussions

Printing hundreds of billions of dollars for foreign aid will only result in prices and precious metals you can only imagine in your wildest dreams.
1100 is also done..for further surge there must be general surge in all metals as silver for example today..
Plat is thin market. Do not kid yourselves that this would have happened so dramatically without gold and silver in the assist. Sure, the fundamentals are solid for Plat all by themself. But, there are forces within the paper specs that have been in the way of nature. This is a nice washout and recalibration. I expect Ale piz is generally correct. will not matter if his numbers are exact. The action always happens that way. Exhaustion happens. Exhaustion is near.
what are you smoking bro? exhaustion! this is just starting!
looking at the weekly candle, this weeks appears to be in the same size as Feb 2021 when Plat hit 1345. We should anticipate potential for small increase next week, or none. And a consolidation of some sort. Not that this will happen, but that would be ordinary. Question is, is it different this time? Not usually...but again, these are not usual times.
1125/1130 and pullback
chrisP Bacon....you mean, the govt grift machine is telling everyone inflation is 3.5% I am not saying it is 3.5, or that it isnt 3.5. I just have to consider the source. The same source that since 1980 has redefined the basket that encapsulates that inflation number. In 1980....it included rent and mortgages....now? NOT. Just the biggest element in a household budget. Unemployment? Yes, they redefined that too, along with medical definitions since the DOD critters escaped.
Fomo effects
Bravado is not one of the winning rules. I am humbled daily.
Globe...Leroy....yes. Psych still is a part of this game. Always is. But, other forces can overwhelm. Just because one force is overwhelmed does not mean it is not existant. You forget these rules at your own peril. No LOL matter. These are not emotions to ignore. You have an entire arsenal of indicators and rules to observe....ignore any single one at your own peril.
Retail is beginning to overwhelm producers here...as they are looking for historical bargain vs gold.
Just so you know inflation is only 3.5%. I mean, every metal went up 3-4% TODAY ALONE but yup, only 3.5% inflation on a 'yearly' basis. Time for a rate cut, hahahaha
Pl is hot
Soon touch 1100
Is anglo planning on stopping their platinum mining operations in so africa?
BIDU, ZM, BNTX should fly 🚀
Load up on LUMN. Thank me later :)
Pumping?
1100 not maybe but tested 1090..I closed some longs..1050 max 1030 pull back..then range for a while
Hi there... today touch 1100
“If it wss going to pull back it would have already”
1050 and 1020 are support levels you need to be buying if we get them
1092 is 161 fib extension
The most important part about investing is to get as emotional as possible. /s
Read properly what I shared..1000 will be broken up for SURE..I cited exactly
Fast turn around from our forum short-term bears:))..then real selling time is coming:))
Let it come :)
You mean pullback? Selling without confirmation is a bit scary
who was the Einstein that was saying 1000 was a psychological level LOL!
1000 is a psychological level lol
Read properly what I shared..it hit 3 times and pulled back but I added it will be broken up for SURE..dummies:))
if Platinum was going to pause it would have happened yesterday and it didn't so to the Moon. there will be dips that you must absolutely Buy so look to add to your position on any slight weakness!
Why would it have happened yesterday and not today or tomorrow?
Keep buying, just look at the dollar and interest rates! precious metal super cycle is just beginning
...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.