My first (and maybe last) thread on FF.
I am a student of Price Action, Strat is my mentor (check his threads on the main FF site, probably the best service you will do to yourself in your whole trading career).
I trade FX, indices and metals, but I sometimes can't shake off my roots which stem from fundamental analysis (blame it on equities trading).
I am not here to discuss daily trading strategies, I am just here to bring you attention to Platinum, a metal rarer and more precious than Gold or Silver but which trades at half the value of both.
I don't want to try and convince you, I won't mention shooting stars, Bullish Engulfing Bars or fancy indicators to justify why it makes sense to load up on Platinum, let alone when it would make sense.
All I know is this:
- Precious metals have a negative correlation to US interest rates, and we are entering a multi-year easing cycle
- Precious metals are a safe haven in times of recession (check 2007/2008), and maybe we are entering such times
- Both Gold and Silver have already rallied significantly in 2019 and, although they will probably continue to appreciate, the potential for correction from current levels make me hesitate to buy.
- Platinum has been pounded for the last 12 years and, although it may continue to be pounded some more, safe haven seekers will quickly realize that it may be interesting to buy a metal which is rarer than gold and trades at a 50% discount to it although, historically, Platinum trades at a 30% premium versus Gold.
I don't intend to animate this thread regularly. I don't intend to enter into useless debates on whether Platinum is a bad investment because of the lesser use of it in the Auto industry or its current PA. I respect all contradicting views and wish you well in your endeavors, I am just taking a long-term position on a real asset that is rare and, although I probably don't have the correct timing, the current price and overall economic environment makes me comfortable about not only being aggressively long but also sharing my views, although this is in no way an encouragement, signal or any other commercial initiative and your decisions are yours to take and accept the consequences of.
Please don't PM me, I have nothing to add to this. If this helps even one trader, I have done my job for the trader clan.
Trade safe and don't forget that you will always have less time to live than money to spend, so invest your life wisely
D
I am a student of Price Action, Strat is my mentor (check his threads on the main FF site, probably the best service you will do to yourself in your whole trading career).
I trade FX, indices and metals, but I sometimes can't shake off my roots which stem from fundamental analysis (blame it on equities trading).
I am not here to discuss daily trading strategies, I am just here to bring you attention to Platinum, a metal rarer and more precious than Gold or Silver but which trades at half the value of both.
I don't want to try and convince you, I won't mention shooting stars, Bullish Engulfing Bars or fancy indicators to justify why it makes sense to load up on Platinum, let alone when it would make sense.
All I know is this:
- Precious metals have a negative correlation to US interest rates, and we are entering a multi-year easing cycle
- Precious metals are a safe haven in times of recession (check 2007/2008), and maybe we are entering such times
- Both Gold and Silver have already rallied significantly in 2019 and, although they will probably continue to appreciate, the potential for correction from current levels make me hesitate to buy.
- Platinum has been pounded for the last 12 years and, although it may continue to be pounded some more, safe haven seekers will quickly realize that it may be interesting to buy a metal which is rarer than gold and trades at a 50% discount to it although, historically, Platinum trades at a 30% premium versus Gold.
I don't intend to animate this thread regularly. I don't intend to enter into useless debates on whether Platinum is a bad investment because of the lesser use of it in the Auto industry or its current PA. I respect all contradicting views and wish you well in your endeavors, I am just taking a long-term position on a real asset that is rare and, although I probably don't have the correct timing, the current price and overall economic environment makes me comfortable about not only being aggressively long but also sharing my views, although this is in no way an encouragement, signal or any other commercial initiative and your decisions are yours to take and accept the consequences of.
Please don't PM me, I have nothing to add to this. If this helps even one trader, I have done my job for the trader clan.
Trade safe and don't forget that you will always have less time to live than money to spend, so invest your life wisely
D