Platinum Futures - Jul 24 (PLN4)

https://en.sge.com.cn/data_PriceChart?pro_name=Pt99.95 Shanghai exchange...NOW. 228,97 yuan per gram....div by 7.24 times 31.1035 grams to troy oz....yes. China is offering 30 per oz premium to send western plat, same w gold, same w silver. 983.67. verify for yourself.

Apparently MM hunt this gold/pl ratio lovers recently:)

Looking at the Pl/Gc ratio, shows that we are potentially in a 2.5 sigma event level. Not noise here. This range hit twice in two hundred years.

Fibo (50%) support around 945-950..I hope it holds tomorrow

Also...someone who says Platinum has a demand problem, and then in another post says, the board expects comments germain to hourly action....NO, This does not make sense. You cannot get demand lag and hourly comments on this panel that will be accurate. But keep trying.

Pmngr.....If the board can offer comments that are germain...to the trades and value. Great. But the board should not be as construction workers whistling at every skirt that walks by. There has to be info, and not just emotion. I am sure the board like the comments....such as, this sucks. This is never going to do what the market expects. Etc. The merchantile exchange is off the mark. I am interested in hearing good solid commentary. Do you have any?

@Je MacTavish when u buy a land in your country, do u share your comments everyday:))..today it was rainy, my land got muddy..etc….hahaha

Pmngr.....do you have sage advice? I may have missed it. I am all ears and I do not think there is a demand issue. It might look like one, but it is a lag..... Return to the mean is coming. When? IDK.

Physical buyers have mismatch problem:)..they say they’ve bought PL for very long term as insurance but they share their comments in every 10 minutes:))) that’s why it makes no sense..here is a dynamic market guys, everyone here expects hourly/daily maximum weekly forecasts..not a long letter written to the lover:))

Plat Gold Ratio? sitting about where it did on April 2020. Covid low. Are we in lockdowns? No. So, take this as signal, and realize the bottom is not 850...but likely, 950, from now on. Gold is doing us a favor.

Plat at 956 paper futures.....Plat one oz coin...random year Maple Leaf...1060 best price....11% premium. This has been going up. This is a premium that says.....Demand is brisk. If Plat coin premium goes to five percent...then it is neutral supply/demand....if premium goes to three percent...then supply is growing. The dealers are not in the business to hoard metal.

Buy when cheap, sell when dear. There you go. Few words.....

Hi Pmnrgr......I hear you. Demand problem for Platinum. Silver was in deficit....for world requirements. 850m oz per year? 26k metric tonnes times 32151 oz per metric tonne. 836m oz per annum. They keep saying the solar PV industry is soon to take 400m oz per year alone. Most silver is a byproduct....few primary silver mines left, thus - if zinc and lead is not in demand, they will not ramp those byproduct mines for the shortfall. WPIC institute has said that Plat is in structural deficit two years now. We do not have a demand issue. We have a lag in reporting and a lag in delivery issue, which spells - lousy supply info. I think some of this lagging info is being interpreted as a demand issue. Silver was kept down with heavy demand....and it is the one thing that scares the Western Banking system more than anything. Remember....Dorothy walked in silver slippers on a gold brick road. Not ruby slippers. The gold bricks just sit there....on loan. The silver slippers are the common man's liquid movement of the metal...metaphorically. If silver goes to fifty again.....sure, folks will return their coins and serving sets for melt. But, this is not going to resolve the deficit. If something cannot go on forever, it will stop. India just purchased ten percent of all annual silver production. First time ever. Wait for it.......China will, and is, going to hoard Plat at these prices. I am confident Plat is in demand as....I am seeing a lot of unavailable coin in Plat....and that tells me supplies are not robust. The world is going to come out of recession first....the USA is going to be last this time. We traded our industry for more financial product industry....and this financial industry has a lot of bad paper to wash out.....Going to take years. Buy Plat now while it is cheap. Dont look a gift horse in the mouth....just buy phyz and not the miserable paper Plat. Get the real deal, pay the dealer premium....and keep it as insurance.

Think on these stats.... approx. 26000 metric tonnes per year. Silver 3000 metric tonnes per year. Gold 190 metric tonnes per year. Platinum 32151 oz in one metric tonne Think about the relative values. Ask yourself, how expensive is it to engineer the unit cost?

52 week returns gold>silver>copper>PL>PD..it seems gold/silver, copper, PL/PD ..3 groups..15% avg return, 6% and loser PL -12%, PD -17%

D/W/M chart looking ugly right now

The worst of all metals

Never fails to disappoint

Buying here as I believe this is the last time we will ever see these prices.

Gold Platinum ratio 2,5..

test of the 950 break out is accomplished and the severely underperforming Pl should recover and test the 980-1,000 resistance again

Weekly set up is juicy as heck to fire basically now. Do not be scared here

Play your game between 850-1000

930-950 is the reload are like I said 2 days ago

Pure garbage