Platinum - A better deal than it looks?
Looking at the price of platinum, it looks kind of overpriced, like many other things. But when adjusted for M2, it's much lower than most things. Seems like a great deal TA wise.
Longer term chart:
10x the price of 1970 = ~1500. This target seems pretty low not to mention we aren't even there yet! But the short term pattern looks like a bit of a topping pattern. Could take a while to setup.
Just something to keep an eye on.
What do you think?
Good luck and don't forget to hedge your bets :)
Longer term chart:
10x the price of 1970 = ~1500. This target seems pretty low not to mention we aren't even there yet! But the short term pattern looks like a bit of a topping pattern. Could take a while to setup.
Just something to keep an eye on.
What do you think?
Good luck and don't forget to hedge your bets :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.