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Platinum Futures - Jul 24 (PLN4)

Real-time capital.com
Currency in USD
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923.05
+2.55(+0.28%)
Real-time Data

Platinum Futures Discussions

I don't think the Fed sponsored banks are covering shorts yet, based on bank participation reports and market action.  This monstrous short position probably held in a Fed account anyhow and all margin calls made with new counterfeit money, so who cares.  The market action also indicates there is an aggressive seller pounding Pt at every opportunity, just like last 10 years.  So, when remaining 2M oz of float moves from weak to strong hands and there is a failure to deliver on Nymex, or PPLT suspends new sales, then the real market will develop.
One guage is noting how out of touch with reality bankers are https://saxostrats.podbean.com/   listen and see, obviously slobbering over negative real rates and it's a joke to say rising yields below the inflation rate cause gold selling. What would cause gold underperformance is being overvalued relatively against platinum and silver, but then they stepped in and supported their book and that bolsters paltinum moving higher.
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