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Platinum Futures - Jan 25 (PLc5)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
968.00
-2.20(-0.23%)
Delayed Data

Platinum Futures Discussions

Elliot will make a play on more miners.
I don't know if you are joking, deliberately misleading or just naive but the Anglo bid is not for the platinum division.  BHP has already said they would sell-off the platinum subsidiary.
Time to buy domestic Platinum miners such as SBSW.
SGE Pl 979 usd. Just now. Premium went low early Monday...now testing high.
Activist hedge fund Elliott (just days ago) bets $1 billion on British platinum producer. Obviously, someone knows something about which direction Platinum is going.
Every wonder why this deal was made and rejected? https://fortune.com/2024/04/26/activist-hedge-fund-elliott-paul-singer-british-platinum/ Does someone know that Platinum is going to triple? and soon?
Dan. Maybe. What I would want to know is, the percentage in Plat of this Hedgie. In other words, is it a very low percentage of their total book. Is it just a wild spec and they have little better info than we have? Or, as you suggest, do they know something?
A fund trying to buy a major producer, and gets turned down. That means both sides know something.
Is it forming the right shoulder on the daily ?
If you use the weekly, and look back to one year ago period till today, it appears to be a strong inverse HS. I try not to use the daily, it has too much noise.
If the Pl to Pa ratio is useful to you....you should study it. We embarked upon the third major impulse move between these two. I think Pa can go down more. Pl can go up more. It is not likely that Pa goes down that much. The historic mean says Pl is normally at least a three banger against the Pa. Short term trading signals are hard to decipher from noise. Long term spec is safer but not conducive to paying the bills as often. Congrats to those who play the short and win. If you are a day trader or weekly swing trader in Plat...then the ratio is not likely to benefit you at all.
1030
Pl Pd price parity now, looking ugly
whack it to 922 please
880 next
There seems to be a buy pressure ... This could go up
after 950, 1,000 is probably the next test
It should not fall under 950 today
it just goes from band to band, nothing between, juicy simplicity xD
as a daily candle looks tired already. Change to weekly candle, and this looks like it could run.
Re-affirming my first target above $1700
Premium on Spot....4 percent gold. 17 percent silver. 10 percent plat. This is interesting....when silver goes to 60, watch the hoards sell their heritage forks and spoons. And the premiums will return to mean. Plat? No plat forks or spoons. Good luck getting your salvage plat out of the closet. Long side to crush in two years.....till then, surf the short side.
1030 this week
Do you think 1100 will come?
could happen. Rather see it bide its time....
Unless it falls below 950, +1000 will be target soon
Swap Dealers are going to sell some Plat short term for the ETF's to balance. What we know is, the ETF will have to get contracts daily lest they have their management fees extend beyond their proforma. COTs being posted later this week will be interesting.
Ale piz I dont see that as a strong pattern. I know this page is short term in and out specs. Ignoring the engineered Covid swoon of 2020. Plat has been in a seven or near eight year pattern of consolidation. The Chinese control nearly all of the AGI. And they see Plat historically as the more valuable jewelry to gold. They are long term vision people....and believe the natural trends vs the exchanges mismanagement of this resource.
Is this the right Shoulder on the daily chart
careful lads, the surfer bros are just getting started
dont forget the Plat Pall ration....we are at the top of the channel for this one...downward sloping, and this will be tested as well.
948 last price seen on SGE. That would be China. We are getting ahead here on the arbitrage from China....is the West beginning to defend the metals? Will not know until SGE opens again. The House cannot ignore SGE. They dont care about retail...but they will not ignore SGE.
Who has better odds than the nature of technicals? The house.
sometimes the simplest chart tool helps to see the template. Parallel channels are underrated. All trading is energy. Exhaustion, and excess of both side. A clear channel was entered on the 23rd.....Not likely to break out as the top of the channel is 966 range for current trajectory. This is merely what seems to run course...57 percent of the time. Those are the odds of technical continuations. Reversals and exhaustions are more difficult.
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