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Platinum Futures - Oct 24 (PLc4)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
998.90
+22.70(+2.33%)
Delayed Data

Platinum Futures Discussions

I got censored by investing.com on why not to hold TLT.
i have 2 scenarios in play, either ping pong between todays low and high for the next few days or rocket continuation means 1017 to be retested this week pick your cherry
Relative to the ratio....Plat/Pall....Plat is living in a world of higher highs and higher lows. Since this is the ratio we are discussing, this goes back to June 22 timeline. It began as a meagre ratio rise to be ignored. The MSM finance press will begin to notice more. They will call Pall a bargain. I dont know, maybe. But, if they look under the dirty fingernails of Plat, they will notice the true structural return to mean that is being caused by actual reef splits in the PGM matrix. I think Pall lower lows and lower highs is also the rigor these days. But this is going to end for Pall soon. The lower trend. And at a point, both Pall and Plat will ascend together, with Plat being senior in value.
dont underestimate palladium pls, thats different animal, already marked the low on weekly, it will show its massive strange soon, pa/pl ratio tg 1.6x
*strength
Never forget.....it is never different, this time. Margin Calls will come, and all valued assets will swoon. They may not stay down for long, but - stay alert and keep some resources ready for it.
Plat....as gold climbs, and as smart money says, hey. We never chase price. They seem to remember, yeah. Plat is a Precious Metal....Pall is an industrial metal.....substitutes are good. Especially on sale.
The Globe....seemingly a great idea...TLT. For a short ride. But the FED is on drugs. Arent they....or is it just the politicians I am getting confused about?
for those technical traders here we have a couple handle within a much bigger cup and handle forming .. once it breaks out you will see momentum buildup like crazy
Hope you'll have bought TLT before it broke out. That was my free gift to you all Platinum believers.. not too late to jump in it's just beginning!
And bitcoin is ponzi. Avoid.
$1700 still my first target by year-end 2024, $2500 in 2025 and $3500 by 2027.
(*your sarcasm..)
Why don‘t u tell these realistic numbers;) while falling:))..come oonn funny guy:)
I have, and not only did I do so but I also announced that I had put in everything I had into platinum silver and gold and only recently started allocating heavily into TLT.. so I am already way up while you were picking your nose
a very good and strong breakout....
May be we're starting daily long Up trend now (first target daily 1015-1040)
as I wrote on 26th April ( LPS from 25.04) !
there is no major breakout yet
The last hedge against inflation that has not gone through the roof. Platinum can triple easily.
let's first try and break 1000 and holding it :)
you're acting like we have to do the heavy lifting LOL. Platinum is the rarest of the three precious metals by far and buyers are salivating about the current ridiculously low price of Platinum, accumulating all they could so this will triple in no time without you or me having to do anything BRO!
+1000 is calling👍
Whatta come back.. we need to hold this 980/981 zone
i tell u for long
As well...China is accumulating metals. On offers to buy they are net to the seller. They want offshore Plat Silver and Gold to come in to their exchange. They are ok selling into their own retail market, but otherwise, China is a buyer on gross lots.
LeRoy Sixpack.....SGE quotes and offers are net of any VAT. VAT would be calculated based upon a retail market....I do not believe it applies to investment market.
Some spot quotes you see will include VAT just fyi. I dont keep track of anything other than the current trading month.
980 is a tough one
If passed and closed above, +1000 will be regular range
Yes, that is the right test line, It's slowing, like for a correction down .... possible (945 or 933)
Bottoms are higher..max 950 will be bottom I guess
Shanghai is pulling and tugging at the resistance......SGE has become much more activist in recent times....even if they have now been around since shortly after the GFC.
Shanghai PT current offer....990 usd. Spread has widened a little. I use the current forex yuan and the SGE offer
Is that including their tax?
980 is critical..resistance
HS on daily about to unfold
It really doesnt matter is PL or PA is ahead of one another. Both are exceedingly rare. PL is more interchangeable though......for tech. I still watch the ratio as I think there is valuable info. I still expect the long term to be, return to historic mean relationship. No matter if it take year or years. MM, managed money....is AGI materials. Producers are AGI that is recently created. Producers use MM and Swaps to assimilate material into the markets. AGI is above ground inventory.
Trust the process
Weekly momentum just turning green now. Should be plenty of upside on this swing
Dow to platinum ratio 40
As of last COT report, there is still gradual 4k net short of MM which was 6k last week..This positioning is not adequate for a relief rally..we should first exceed interim resistance of 980$..next week I think PL will test 1030
PL/PA ratio....dont ignore the level this ratio is above the 50 dma. It has never been this high without a snapback. This would mean either PL coming back, or PA ascending. We are at the limits.
Im beting on strong PA fireworks ahead, at the end is all just about technicals..., and this particular example shows that PA is nicely leaving bullish falling wedge, load up both huge, fomo paralyzed me xD
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