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Platinum

Silver SI1 - $35 Is as Far Away as SaturnOne of the most dangerous things about what is going on in the world today, and thereby the markets, is that the middle and lower classes of society are being directly targeted. There are different forms that the Marxist principle of "Redistribution of Wealth" takes. Decades ago, it took the form of the "scum of society" being mobilized by the Communist Party to invade and occupy places such as farmland. Then, the evil regime would let the anarchists hold the land for a few years, before ultimately sending in the military to slaughter them and take it for themselves. This is what "communism" and its precursor "socialism" are really all about, and you'd be wise to reject the entire thing if you want nary a hair of a future. In recent history, we saw a manifestation of this scheme when the Antifa and Black Lives Matter anarchist groups destroyed property unchecked during the "Summer of Love" riots. That property, which previously belonged to small business owners, often had insurance claims denied and was scooped up on the cheap by large corporations. In present history, the establishment is simply using a combination of the marketplace and "inflation" to achieve the same ends. The problem for silver/gold/platinum bulls is that much of the reason you are bullish is predicated on the narrative disseminated to you that "the dollar is going to go bust because the FEDERAL RESERVE keeps PRINTING MONEY OUT OF THIN AIR and what happens when we can't SERVICE OUR NATIONAL DEBT ANYMORE?!" This is all true, but you should really give it some thought: in the age of computers, social credit, digital identity, and central bank digital currencies, did you really think that the answer to this problem lied in trading metal for rice and flour like we did in traditional times? You should always remember that the markets can, and will, remain irrational far longer than you can remain solvent. Some people turned all of their cash into silver and gold, and a bunch of canned fish and beans, waiting for the Mad Max days. Well, what lies ahead is a painful rout on consumer commodities, personal debt, and personal incomes that will leave people desperate and in need of cash liquidity to survive. And in order to get that cash liquidity, they'll have to sell the silver bars they paid $25-30 for over the course of the last two years back to the fence at prices like $7 or $8. To be clear: if high prices of the commodity will hurt the middle class, i.e. natural gas, oil, corn, wheat, prices will go UP. If low prices of the commodity will hurt the middle class, i.e. silver, gold, bonds, prices will go DOWN. It's going to look something like this (disclaimer: I'm no artist.) And although you might think to yourself something like "single digit silver again? What a buying opportunity," or "Lmao it'll never drop that far" you should bear in mind this is only true if it bounces in two days back to new highs like it did during "Coronavirus Disease 2019" hysterics, and it'll "drop that far" exactly because retail is thinking "it'll never drop that far" and will fancy themselves brilliant to HELOC and rent a dump truck at $16 and $12, only to get crushed. If prices are depressed over the long term you won't feel it's very fun to spend money on a bunch of metal that tarnishes brown if you leave it merely sitting on your desk. I have some. I really like it. But it tarnishes brown while sitting on my desk. Even a dollar store fork doesn't do that. After retail and the middle class have totally capitulated their spot metals, then, and only then, will we see $35, then $50, then three digit silver. Of course, this assumes that this society can last that long. And although it can't, the sociopaths on Wall Street will continue with their plans even as the stars in the sky explode before our very eyes. In the meantime, you should be clear that this is no dip to buy. Silver has no price action to make at $21 until a major reversal, which is not on the horizon, and it is not going to double bottom in any meaningful way at $18. Ironically you can still blindly short this and if your leverage isn't horrific and your timing isn't worse, you'll make some good money.
COMEX:SI1!
by LordWrymouth
PLATINUM | Resistance?Thursday, 25 August 2022 13:57 PM (WIB) I want to analyze the movement of Platinum, regarding it still in the descending box with the lowest price of $731 and the highest price of $952. Now the price moves at the Resistance Lines of this descending box. Actually, the price movement has broken out of this descending box and reached the MA200, and then fall again inside the descending box again. In this situation, Platinum is now at the top of Resistance that possible to create a retracement move. And the price is possible to fall again in the direction of 0.786F or even more low 1F. But the performance between a descending box with the MACD and Stochastic is still not connected to the strong signal. Keep watch and notes.
CAPITALCOM:PLATINUM
by RyodaBrainless
Platinum FUTURES (PL1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 883.8 Pivot: 858.9 Support : 833.2 Preferred Case: On the H4, with price going within the descending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 858.9 where the overlap support is. Once there is downside confirmation that price has broken pivot structure, we would expect bearish momentum to carry price to 1st support at 833.2 where the swing low is. Alternative scenario: Alternatively, price could rise to 1st resistance at 883.8 where the overlap resistance, 23.6% fibonacci retracement are Fundamentals: China recently announced the YoY industrial activity figures for July, falling to 3.8% from 3.9% in June, which is quite disappointing. Specifically related to mining, industrial activity in China dropped from 8.7% in June to 8.1% in July, which further dampened platinum prices.
NYMEX:PL1!Short
by Genesiv
Jamie Gun2Head Trade - Selling Platinum Trade Idea: Selling Platinum Reasoning: Bearish outside candle on daily chart, head and shoulders top forming? Entry Level: 925 Take Profit Level: 887 Stop Loss: 936 Risk/Reward: 3.45:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
PShort
by Signal_Centre
Gold Steadies in the low $1800'sGold is consolidating in the narrow range between 1815 and 1795. Recall that this was a previous value area from a few months prior. We are wavering about 1800, which is a strong psychological level corresponding to the 0.618 Fibonacci level. The Kovach OBV has leveled off, suggesting that we need more momentum either way before making a significant move. We should have strong support at 1780, the 50% Fibonacci retracement level. If we break out, the next target is 1826, then 1836.
COMEX:GC1!
by quantguy
Gold Caught Between Fibonacci LevelsGold has made another run for highs after finding support just below the 50% Fibonacci level at 1770 or so. We are currently contending with 1795, the level just below the 0.618 Fibonacci level. We are seeing strong resistance forming at these levels confirmed by multiple red triangles on the KRI. From below, we have strong support at 1770, confirmed by green triangles on the KRI. It is likely that gold will hold the range between 1770 and 1800, unless more momentum comes through. A breakout could take us through the vacuum zone above to 1815. If we break down, watch for support at 1758, the 0.382 Fibonacci level.
COMEX:GC1!
by quantguy
Silver is in the buy zone. Reversal imminent.Silver has entered it's buy level of $17-18xx and as the wave pattern comes to the next wave, the price could dip down one last notch. Silver squeeze, which started in Feb 2021 has drained the COMEX of silver, reducing from 150 million ounces to less than 57 million today. At some point the COMEX will declare force majeure and anyone in silver ETFs is going to be mad. No price targets as we need true price discovery... but $600 silver is not a meme. The titanic has hit the iceberg and the life boats are in the water, rowing away while the general public remains on the titanic, drinking and socializing. The titanic is the US Dollar and the life boats are precious metals but silver in particular.
TVC:SILVERLong
by jdharward
4
Every rally starts with a short coverPlatinum has been trending lower for more than four months, the March peak, and is finally showing signs of a potential bottom. Yesterday's whipsaw helped complete the right shoulder of an inverse head and shoulders pattern. Upon doing that, it also back-tested the trend line from its June peak, holding it as support perfectly. The large range consolidation over the last three days created a flag-like pattern, brining a coiling of strength to help pierce through the 21-day moving average this morning. The cherry on top is that Managed Money, hedge funds, have been net-short Platinum. This tells us that upon strength there will be short-covering. Not only in Platinum but SIlver and Gold too. In fact, Managed Money went net-short Gold as of last Tuesday for only the second instance in history. The first was at the exact 2015 low and the second was in the later innings of the 2018 sell-off. Managed Money going net-short metals is a contra indicator.
NYMEX:PL1!Long
by bill_blue_line
Platinum (XPT/USD) Going Bullish???Will Palladium Close Bullish This Month (JULY) ? This Trade Consists Of A Classic AMD Trade And Traditional SnD +A Few ICT Concepts I'm Framing A Possible Reversal, Since I've Seen The WEEKLY & DAILY Timeframe Have Swept Liquidity Below And Palladium Is Currently Trading In My Premium Zone (Oversold), NOT OVERSOLD AS IN OSCILATOR INDICATION My Expectations For This Setup Small Pullback Towards The Optimal Trade Entry Zone , Creating A Second From The 2 Hour Timeframe Price Filling The Imbalance Below Or Testing A Bullish Orderblock, As Our ENTRY TRIGGER DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research ( DYOR ) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
OANDA:XPTUSDLong
by Prof_Invests_ZA