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XPT/USD - Platinum vs US Dollar 2 replies

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Platinum: get rich or die trying

Platinum (and palladium) are crashing all of the sudden.
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We must learn who is gold, and who is gold plated
Platinum looks to be in a small uptrend, which needs to move above the box resistance to signal a clear uptrend, which lasts till the red trendline on the chart is holding.
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Platinum CME futures selling off hard today:
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We must learn who is gold, and who is gold plated
Quoting EventsTrader
Platinum CME futures selling off hard today: {image}
After the big drop last Friday, PL futures are rebounding, outperforming its precious metals peers. Here's a gold/platinum overlay with platinum in pink (CME futures):
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We must learn who is gold, and who is gold plated
Quoting EventsTrader
{quote} After the big drop last Friday, PL futures are rebounding, outperforming its precious metals peers. Here's a gold/platinum overlay with platinum in pink (CME futures): {image}
Just my suggestion but you're better looking at a Platinum Ratio chart against Gold if you are trying to compare value. Here is one for you and it does show historic lows for the Ratio. Calculated out it has a 3 -4 times movement and represents a better trade than gold.
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While all precious metals are taking it on the chin, it's platinum that's getting hit the worst. CME PL:
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We must learn who is gold, and who is gold plated
For whats, it's worth here are my charts for Platinum and my trading.

Happy trading all.
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Quoting EventsTrader
While all precious metals are taking it on the chin, it's platinum that's getting hit the worst. CME PL: {image}
Personally, dont trade on a 5 min, even a day when trading metals. But good short-term sell of trade if you were in it. My longer-term positions on Platinum are from 941. I fully expect it could retest down there but I would still be bullish longer term.
I will wait until gold stablises before considering a platinum buy. I think the energy crisis in India/China hasn't helped as they are key sources of demand until the hydrogen economy kicks in. After 15th Dec FOMC I will make a decision.
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  • Last Post: Nov 26, 2021 9:54am Nov 26, 2021 9:54am
Scrap that I will wait until we hear back about this new Covid mutation.
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