Platinum: A Shining Opportunity

www.investing.com/analysis/platinum-a-shining-opportunity-200220695

By Michael Dylan | Oct 24, 2017 10:25AM ET

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Platinum for the last eleven months has been consolidating. The low end of the range is around $890 and the high end of the range around $1050. The current low price is an opportunity to buy at the low end of the range. When the price rallies to the upper end of the range that will be a 15% profit, and that can be achieved in a few months. The downside risk is at most 13% and that is if the platinum prices go down to $800 an ounce. To limit the downside risk, commodity traders should not leverage more than 2 to 1.

Weekly Platinum

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Central Banks

Interest Rates

Next Meeting

FED

1.75%

May 02, 2018

ECB

0.00%

Apr 26, 2018

BOE

0.50%

May 10, 2018

SNB

-0.75%

Jun 21, 2018

RBA

1.50%

May 01, 2018

BOC

1.25%

Apr 18, 2018

RBNZ

1.75%

May 10, 2018

BOJ

-0.10%

Apr 27, 2018

CBR

7.25%

Apr 27, 2018

RBI

6.00%

Jun 07, 2018

PBOC

4.35%

BCB

6.50%

May 16, 2018

S&P 500 Futures	2,693.25	+0.25	+0.01%
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AUD/USD	0.7710	-0.0019	-0.25%
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Platinum: A Shining Opportunity

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