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 Replies: 154 / Views: 31,247 |
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Pillar of the Community
 United States
3789 Posts |
Wanted to bring this up to speed as well-
after breaking out a couple days ago, then being rejected, platinum is once again on the move trying to move higher. watch and see if this go round is the trick for higher prices.
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Pillar of the Community
United States
3670 Posts |
Almost seems like 1525 to 1550 is peak for platinum these days and around 750 for palladium as the 2nd mentioned is having a tough time breaking across that huge barrier of 800 per oz.....
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Valued Member
United States
95 Posts |
Greetings,
Wanted to add thanks for this thread, although these two metals are a bit out of my reach at the moment they do hold my intrigue re: holding and trading so I'll just stay lurking for the time being maybe jump in the water at some point but definitely learning.
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Pillar of the Community
United States
3789 Posts |
Well, looks like plat isn't ready to break out yet. Another rejection today. Pal just hanging underneath chopping around.
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Pillar of the Community
United States
3789 Posts |
Wanted to make note of these two-
Plat, after making several attempts to break its trendline, rolled over and continues to decline.
Pal really has pulled back and seems like it wants to retest its June 26 lows. A break below that and low prices could be seen.
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Pillar of the Community
United States
3789 Posts |
Will be updating this here tonight. However, I do want to make mention that palladium has continued to ramp up here. Worth a look.
more later
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Pillar of the Community
United States
3789 Posts |
I dont know how big of a following we have for these two other PMs but notice how palladium has broken out yesterday looks like it wants to re-test yearly HIGHS.. which speaks to the strength currently of this metal.
Platinum also has broken its range as well today, tho reversing off its highs.
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Valued Member
United Kingdom
183 Posts |
sa strikes should drive prices higher?
HH
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Pillar of the Community
United States
3789 Posts |
Here is an old thread....and figured today was a good day to bring it up.
Palladium broke out higher out of consolidation after almost 3 months.
Keep an eye if this holds, how does it digest this break out. If it can hold and retrace, it could be setting up for higher prices.
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Pillar of the Community
United States
3789 Posts |
Great price action here, surprised no one is talking about it. An important area in price has been broken AND it managed today to hold its gains which is exactly what you want to see.
going forward, Palladium looks the best out of all the PMs. This is probably an area that you want to nibble at with coins if you havent. Why do I say this?
Breaking trend lines usually results in an asset establishing a new trend or range. In this case, palladium broke an important range higher. This sort of price action usually leads to even higher prices as it was broken higher.
Keep Palladium on your radar.
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New Member
United States
45 Posts |
quick question for a newbie here but why are platinum coins more than gold coins? I have recently been looking into getting my first platinum coin and noticed they run more even though they are below gold on the market charts.
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Valued Member
United States
73 Posts |
Quote:
What kind of coins are on the market? I've seen Platinum eagles but not much else. other than 17th century austrian ducats and 19th century russian rubles I couldnt find anything that was a recent years proof coin. Quote:
quick question for a newbie here but why are platinum coins more than gold coins? if I remember correctly there is significantly less platinum than gold in the world but the demand is much much lower. id honestly attribute it to my sentence above this one. theres just not that many of them out there. |
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Valued Member
United States
110 Posts |
Quote:
if I remember correctly there is significantly less platinum than gold in the world but the demand is much much lower. id honestly attribute it to my sentence above this one. theres just not that many of them out there. I get what you are saying, but isn't that what the price is supposed to reflect? Supply AND demand! |
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Valued Member
United States
73 Posts |
platinum certainly isn't my area of knowledge. I personally have no idea what drives the demand on it, the only industrial uses I know of is automotive and fiberoptics. and I believe automotive accounts for 1/3rd of mined platinum's yearly demand. as bullion I see platinum being far more risky than gold, and that may attribute to its higher prices over spot.
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Pillar of the Community
United States
3789 Posts |
All I know for sure is I like the price action after the b/o. It b/o and now is chopping around and sideways, excellent price action despite a fast and furious amount of buying.
Buyers are certainly in control in Palladium and if this sort of action continues, freshly yearly highs wont be far off giving palladium a nice strong uptrend.
I sure hope no one misses this move here.....
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Replies: 154 / Views: 31,247 |
First Page
Posted 08/28/2013 7:07 pm
