Who,s liking Platinum right now ?

Have been buying 1/10 oz Platinum Coins for awhile now allot
When it was under $800 an OZ, still a great value and upside

 

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I always like Platinum, but haven't been buying even when I wanted too when it was under $800. Oh the travesty.

 

Platinum use to be king of the precious metals, its making its way back
and i want to go along for the ride

 

I own some platinum. Glad to see it's making a comeback.

 

I think you will find, its on its way up

 

so too late to buy. wait and sell

?

 

Adam and Eve double bottom. A break of $950 would give a target of $1300.

 

Keep in mind that platinum is used in catalytic convertors primarily and this hinges on car sales. If we get into a recession, the demand for this metal could go to new lows. It's primary use is industrial, not like gold.

Car companies right now are starting to get away from palladium since it's price is way to high and will resort back to platinum. In the future though with electric cars, they won't need platinum since there are no emissions.

 

Electric cars will always be around, but are we going to depend on them entirely ?
As we move in to the future one of the areas that are booming right now is performance based automobils, electric based vehicles can not come close to
That type of speed and sense there are allot of motorheads out there i dont
See that ending anytime soon.

 

Worst than that, platinum is mainly for diesel applications, and palladium for gasoline. Yes they can move back and forth some, but it takes time.

I wrote hear about platinum and was buying some ounces around $800 ish, but not lately.

 

But there are many more uses for Platinum
Other industrial industry plus jewelry applications, but it has climbed in to the
Low $900,s after being in the high $700,s
For a short while but still liking platinum

 

I'm sticking to my story. Now we have a golden cross with price above the 200DMA.50DMA and re-testing the downtrend resistance.

 

performance based automobiles, absolutely, and the gearheads will always be here, however, electric cars can surpass combustion performance with ease, check youtube tesla drag races, and Lamborghini teamed up with mit for an electric supercar, the Lamborghini has a v10 also, however it can be driven efficiently without the engine, but the reliability and technology has come a long way. the problem lies somewhat in the energy consumption, and powerplants polluting the air, how you going to charge up quickly get back on the road, and the weight. its good idea to study what next technology is going to be an affordable alternative to oil. but they wont tell us. haha.

 

One of electrics draw backs has always been longevity on a charge and
Keeping performance steady ! there is not nearly enough charging stations
To meet the growing demand plus theres always been the issue of having
To wait for your vehicle to charge, which is a huge drawback after all time
Is money !

 

Looks like Platinum is failing the retest of downward trend.

 

Platinum up 20.55 today ! for those who got in at under $800 its a pretty
Good day

 

Only if you sell

 

I dont plan on selling any time soon just slow and steady !

 

Honest question now. If you're not selling, what makes a $20 rise in price a good day?

I'm still accumulating silver and gold and quite frankly I relish the days when the prices are down. Makes my dollar cost averaging strategy a success.

 

The adrenaline from being right is worth more than the play money everything is valued in.