Platinum - a new 🐂 market
The Bear market in Platinum characterised by a 15 year downtrend in a Descending triangle formation has broken out a second time (first being a headfake) coupled with the severe historical undervaluation when comparing against M2 strengthens the idea of a renewed bull market past $3000 over the next 3-5 years if historical bull markets are anything to go by.
Platinum is currently being considered as one of the primary metals in assisting chemical reactions taking place in EV vehicles in order to increase efficiency; a desperate state of affairs despite it being touted as Green Energy; heavy demand could ironically come from this market which was seen as a deflationary force on Platinum. For these reasons Platinum is a serious bet to go Long.
Platinum is currently being considered as one of the primary metals in assisting chemical reactions taking place in EV vehicles in order to increase efficiency; a desperate state of affairs despite it being touted as Green Energy; heavy demand could ironically come from this market which was seen as a deflationary force on Platinum. For these reasons Platinum is a serious bet to go Long.
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