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Platinum Futures - Jul 24 (PLN4)

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Currency in USD
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988.15
+23.25(+2.41%)
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Platinum Futures Discussions

Consolidation this week with an obvious effort to contain the move higher; chewing higher through some sales and more shorting. Given that the 19th was the anniversary of the great spike down last year probably a lot of shorting expecting a repeat, may suprise the shorts and move towards 1500.
Marxist economic theory describes value as equal to labor content which platinum contains due to labor and processing plant and equipment costs and proceeds to distinguish between real value and surplus value which is excessive notional valuations which are speculative apparent in crypto, stocks and bonds in which all those trillions can never be translated to real value present in tangibles anywhere near current prices. What I'm saying is tangibles can be expected to retain value whereas intangibles are likely to create real losses as financial engineering has created a literal abyss between discounted tangible value and hyperinflated intangible notional valuations evident in crypto, stocks and bonds, expect oil prices to rise as well as you're seeing.
There is more talk of the commodity supercycle reemerging after being in hibernation since 2011.  Take a look at CHK.  Emerged from bankruptcy with 8B debt, bad pipeline contracts, common and preferred share equity wiped out.  As warrants are exercised CHK will be debt free with reserves.  Right now majority of production for next two years hedged at lower levels, so not a short term play.
 Platinum is a good place to deploy capital, consider USD controlled demolition https://www.zerohedge.com/markets/qe-mmt-ycc-smoke-mirrors-exposing-great-egghead-caper    Then too look what crypto is telling you https://www.zerohedge.com/markets/analyst-sees-bitcoin-hitting-4-million-18-24-months   I wouldn't buy crypto and I think platinum still an unappreciated lifesaver in tumult coming.
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