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Platinum RTS Futures - (PTRTSc1)

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934.50 -10.20    -1.08%
23/04 - Delayed Data. Currency in USD ( Disclaimer )
Type:  Commodity
Group:  Metals
  • Prev. Close: 944.70
  • Open: 948.60
  • Day's Range: 927.70 - 952.00
Platinum 934.50 -10.20 -1.08%

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Platinum Futures Discussions

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Homey Clown
Homey Clown 1 hour ago
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For those that don't think USDZAR impacts the price of platinum, ZAR weakened to 19.26 at 15:06 and then strengthened, platinum dropped to ~$912 one minute later and then strengthened.  Of course USDZAR is not the only platinum price driver but it does help you to time your entry and exit points.
Leroy Sixpack
Leroy Sixpack 33 minutes ago
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Correlations vs causations
Je MacTavish
Je MacTavish 1 hour ago
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SGE plat offer 938 usd currently. Up trending. Spec demand side. China is expert arbitrage trading team. 24 dollar premium. SGE is saying this dip is too low....clamoring more for qty than price at the moment, lest they go to 18 to 20 premium.
Je MacTavish
Je MacTavish 1 hour ago
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And just like that, the second test failed. Today is a crap shoot. No trend set but could go further south.
LittleSilver Trader
LittleSilver Trader 1 hour ago
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target 917.2
LittleSilver Trader
LittleSilver Trader 1 hour ago
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finally broke below 915.3, back long end 5min bar at 913.7
Homey Clown
Homey Clown 1 hour ago
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Food for thought....there is a pattern of bad economic news being received as good news by the markets.  Bad news is perceived as impending interest rates cuts.  If we continue to get bad economic news and inflation remains sticky then hang on to your hats because it could get ugly.
Ale piz
Ale piz 1 hour ago
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100%
Je MacTavish
Je MacTavish 1 hour ago
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LittleSilver....durable goods figs are only going to influence long retail. Now, if youre a short swap, you look anyway as that market is your opponent on the tally.
Je MacTavish
Je MacTavish 1 hour ago
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Someone noted recently an opinion that demand is low for plat. There is industrial demand, there is spec demand, there is monetary demand, and more. Yes, it is agreed that demand in area of deploying metal for industry is likely constrained....but the metal is moving. Demand is satisfied always by price. We do not see the likely 5 percent that is shifting to China continuously. This may happen by swaps more than producer. And swaps can take from managed money on long side that is merely balancing their trades, thus - China eventually, with patience, buys even cheaper than by direct producer.
Je MacTavish
Je MacTavish 1 hour ago
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my bookmark for this page is Plat Poker. No one shares direct info.... I just did.
Je MacTavish
Je MacTavish 1 hour ago
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COT for Plat on Apr 9 indicated the producers increased short side by 14% and the swap dealers increased 18%....boom. On the 12th it topped.
 
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