Platinum Wow Bargain

Am I the only one enticed by Platinum at these prices?

 

It's not because something is low that it's cheap.

Here's your chart zoomed out over a few years, would you still be a buyer ?

 

Absolutely correct....Two charts below, much longer term monthly chart and daily chart:

 

Nothing really "clear" about platinum or the other precious metals. Could be this bounce since January is actually a "bear market counter". (?) I wouldn't get too hopped up about BTFD at this juncture.

I understand the appeal and potential for "getting a resource trade right". But (late) chasing energy and metals can be most painful if wrong.

Remember when NatGas was trading @ $22/mcf.. then dropped to ~$1.60? Lots of chances to BTFD... all of which wrong until the final low.

Suggest trading with caution*, if at all. IOW... Platinum is not a "no-brainer" here.... should save firepower for when it appears to be thus.

* in case this time has actually been a "bounce on the way down", be diligent with your stops

 

Are future prices ever "clear"?

 

One thing was clear. We had some determined buyers in there today.

 

And it's up.

 

If you're going for the quick swing trade, then platinum would have been a great buy these past few days.

 

Market went up so we had buyers ? ..........
Or are you trying to say anything useful ?