Wt Physi Platin Discussion Threads

[traderabc] 23/2/2012 17:42

First few mins

Silver Update 2/22/12 Volcker Rule

[traderabc] 23/2/2012 17:42

Precious Metals Monitor: Both Gold & Platinum To Break $1900, But One Has More Upside

[sharpshare] 10/12/2011 17:26

Amplats is the biggest producer of platinum in the world.

Latest cost of production is R12,991 per oz so at ZAR 8:1 USD about USD 1,623 per oz. Current price is USD 1,517 per oz.
So if the world's biggest producer is loosing money at current platinum prices it looks like the platinum price is cheap!

[m4ybe] 23/6/2011 08:08

According to the Dow Jones commodity indices (now Dow Jones UBS) that started around 1990 the gold to platinum ratio was well under half what it currently is in the late 1990s. I know their oil index does not track oil well but have found all the others to be ok so far.

Does anyone know which of these data sets is right?

[traderabc] 23/6/2011 08:02

Platinum to gold ratio and detecting bubbles

An article on BespokeInvest about the Platinum-to-Gold ratio today drew my attention.
I therefore wanted to get to know more about this ratio. I knew that the ratio had been trading around 2 over the last 10 years, which was why I invested heavily in Platinum and its little sister metal Palladium in December 2008 and early 2009 when prices crashed, and Platinum became cheaper than gold (the ratio thus dropped below 1). When the economy rebounded, the ratio rebounded to 1.50, but the last couple of months, it has been declining again, and is approaching 1 again, as it is currently at 1.13 with gold prices around 1546 and Platinum around 1742.
I thus started to dig deeper and found historical data at kitco.com
I created an excel sheet with monthly average prices since 1968 which is available for download HERE.

[diamond1] 04/11/2010 12:56

Plat. up 2.5% today alone. Pile in or you'll miss the boat. Forecast to be 15% higher by this time next year.

[diamond1] 03/11/2010 12:25

Is no one interested in Platinum? You'll wish you had been this time next year.

[diamond1] 14/10/2010 09:04

Both Plat and Pall are set fair for a bull run over the next 18 months.

[traderabc] 13/10/2010 21:09

Its approaching a resistance area.

[dasv] 13/10/2010 21:03

I am in palladium now not plat. Completely outperformed plat: PHPD

[diamond1] 13/10/2010 18:08

Platinum is set for another Bull Run. The auto industry is recovering and they need it for catylitic converters. Also the EU wants wagons throughout the EU to be fitted with CCs as well. What the EU wants, it usually gets.

[dasv] 18/1/2010 14:10

traderabc - it certainly pays to go along with GS's buy tips but always remember they will start selling way before they publically change tack. E.g. They were talking crude up to $250 a barrel but went short at $147. So yes long plat is still a good trade but if the trend properly changes, don't fight it.

[traderabc] 18/1/2010 12:28

This is a worry, whenever the thieving Goldman bankers announce something, expect the opposite, as that is probably the way they are betting and with the unlimited money they have access to they move markets a very long way, (ie Nat Gas 2007)


Platinum may be a better investment bet than gold, analysts at Goldman Sachs have said.



Platinum to beat gold, says Goldman Sachs

By Richard Evans
Published: 6:26PM GMT 14 Jan 2010
Platimum to beat gold, says Goldman Sachs Photo: Bloomberg

The bank said gold could face competition for investors' money following the launch of new exchange-traded funds (EFTs) that make it easy to gain exposure to platinum and palladium, another precious metal.

"Gold EFTs may face increased competition for investor demand in 2010 from the introduction of both the platinum and palladium ETFs," Goldman said.

[traderabc] 06/1/2010 20:31

I reckon this has now broken out convincingly, so the next target is the next area of resistance @175 ish

[dasv] 02/12/2009 17:36

especially those scared into zero interest cash by last year's volatility. A whole generation will have been put off the markets for life.

[traderabc] 02/12/2009 17:14

dasv, perhaps, however it doesn't alter the fact that the vast majority of people (globally) don't have a clue when it comes to the economy, currencies and commodities, their blind faith in fiat currency will lead millions of them to the poor house one day

[dasv] 01/12/2009 10:46

as I said on PHGP - perhaps it was edited to not show people who did want the coin

[traderabc] 30/11/2009 19:35

Man tries to give away free $1150 one ounce gold coin to random people on the street

[dasv] 30/11/2009 17:55

could be resistance round here - but my target is 153p

[traderabc] 30/11/2009 16:37

I suspect we are coming into some resistance around here, longer term the upward trend should continue.

[dasv] 17/11/2009 12:29

PHPT and platinum market overview...

[traderabc] 24/6/2009 11:47

Well, I think that is the support tested, this should now work it's way back up to 127 ish.

[traderabc] 22/6/2009 18:43

Approaching a support line, this should bounce upward, soon.

[juju43] 22/6/2009 16:45

out now it may have run out of steam for now

[juju43] 19/3/2009 15:16

doing it now