Platinum Currently Sits Atop Nearly 50 Years of Support
Below we find that platinum (futures) sits atop support dating back to the early 1970s, or when Nixon abandoned the gold standard. That’s nearly 50 years of support. The last time this support was reached in the late 1990s. Thus, on…...
Should South African Strikes be Resolved, Platinum Prices will Likely Suffer
The chart below reflects the fact that the recent rally in platinum prices, driven largely by South African mining work stoppages and strikes, has taken the metal up to falling resistance dating back to 2008. At the same time commercial…