Commodities: Platinum Now Trading Higher By +32%

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june

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Over the 14 months, since publication of our view, the commodity has appreciated by 32%, reaching a multi-year high today.

We also discussed the metal earlier in this year (February):

The link is as follows: https://www.unum.capital/post/plattwoyh

The current price action model reading is shown below (last price around $1201)

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Previous Post: Does Platinum Have A 'Silver Lining'? Wednesday, 03 April 2024

Publication Time: 11h45am

[Reading Time: 1 Minute]

Does Platinum Have A 'Silver Lining'?

Does Platinum Look Like Silver To You?

When?, Where? Before Silver's recent advance.

We've seen the pullback.

We are seeing a consolidation.

We are seeing improving candle structure.

We are seeing a reclaim of the short and medium term moving averages.

Some precious metals have run up.

Other precious metals are coming together, starting to act well.

On a multi-year basis, commodities have lagged.

In 2024, Platinum is expected to record a deficit.

Patterns don't repeat, but they can rhyme.

Silver Daily Chart

Platinum Daily Chart (XPTUSD)

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Lester Davids

Senior Investment Analyst: Unum Capital