Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18
Showing posts with label platinum. Show all posts
Showing posts with label platinum. Show all posts

Wednesday, November 9, 2011

Alternative Investment. Gold. Platinum. Silver.

Here's a chart of gold on a 2 year frame, with daily prices currently staying above 30 and 200 day MA ...
You can pull similar 5, 8 and 10 year charts and they exhibit similar trends ...
Good entry point 1,550 ...
Platinum spot price (Xpt/Usd) tends to be volatile as shown recently on this 2 year frame chart, presenting a good opportunity to take a position at recent low of USD 1450 ...
Pull out a 5 year frame chart and you'll can see Pt peaks at USD2270

Silver plunged from recent high of USD 48/oz and is hovering at 34 level ...
Buying on dips below USD30 seems like a good tactic ...

Tuesday, October 18, 2011

Buy this metal: more precious than gold

This is absurd: platinum is now trading at USD 1533 spot price and it is now lower/ cheaper than gold at USD 1656. Ratio of platinum/gold is approximately 0.93 although platinum is much rare a commodity than gold.. If I remember correctly, it should be trading at ratio of 1.5 to 1.8 range...
I've always wanted to get my hand on a physical platinum 1 oz coin when it was trading at USD 800 - 1000 range two/three years ago but unfortunately there weren't any legitimate seller in the Malaysian metal market. So if you're in Australia, USA or Europe, this is simply a must-grab physical item..!

Saturday, February 14, 2009

SUPER OPPORTUNITY IN PLATINUM RIGHT NOW


Check out the platinum/gold ratio.

Successful speculation is about finding extremes and betting against them. For instance, Chinese stocks were extremely expensive in late 2007. The euro was extremely overvalued in 2008. Commercial real estate was extremely popular in 2007. We wrote about each of these "extreme" situations... and each was crushed soon after.

The extreme effect is why we're interested in our colleague Jeff Clark's "buy" recommendation on platinum right now. Gold and platinum are both precious metals... so they typically trade in a "band" together. One ounce of platinum usually buys two ounces of gold. Right now, that band is stretched to an incredible multiyear extreme. Platinum is super cheap.The auto industry uses platinum to make catalytic converters... so the recession sent the price of platinum from $2,200 an ounce to $800 in 2008. This huge fall has caused the platinum/gold ratio to reach "extreme" levels. Adapted from Brian Hunt's Market Notes
Spot gold price USD 943 /oz
Gold Maple Leaf (GML) USD 983
UOB selling GML at RM 3,531
MBB selling Kijang at RM 3,601