Aug. 1 at 10:40 AM
$SBSW $ANGPY $IMPUY $PLG
Was this run for platinum a blow off the top move that ultimately falls back to
$1,000?
Only time will tell, but I still see much more upside in the coming months.
There will continue to be supply constraints in the coming years.
Platinum under
$2,000 is cheap.
https://internationalbanker.com/brokerage/why-platinum-prices-are-skyrocketing-in-2025/
“The market is completely wrong-footed because everybody expected there to be a drag on demand resulting from these tariffs,” Daniel Ghali, a commodity strategist at TD Securities, told Bloomberg. “There’s absolutely no evidence of that as of yet. Instead, what we see is stockpiling in China competing with stockpiling in the US, both driven by different incentives, but both contributing to a depletion in global inventories.”