The Trader 

Pondering platinum

The Trader

Pondering platinum

Last week we pointed out the shooting star monthly candle in spot palladium and, sure enough, from a high mid-January at $1,138 per ounce it’s fallen to $957 – so far. Our timing, thanks to technical analysis, was spot on and helped by the fact that its ratio to platinum was at its most extreme since 2001 (when a car manufacturer tried to corner the market in the former). Which then reminded me of the meeting I had recently with the CEO of the World Platinum Council, Paul Wilson.

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