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Gold down, platinum up,...

Steve27Steve27 Posts: 13,274 ✭✭✭
in Precious Metals
what does it mean?
"It's far easier to fight for principles, than to live up to them." Adlai Stevenson

Comments

  • goingbrokegoingbroke Posts: 1,410
    It means its time for someone to trade some gold for the Platinum coin I have been trying to sell on the BST! LOL
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    It means if you owned 10 oz of platinum you are worth $70 more right now then when you woke up this morning

    It means if you owned 10 oz of gold you are worth $94 less right now then last night.

    Not much else most likely. Metals don't move in lockstep, especially platinum and gold. Platinum to still WAY off of its AT high

    Two hours of trading doesn't make a trend.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Buying opportunity! I been buying gold all weekimage
    Avid collector of GSA's.
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    "Two hours of trading doesn't make a trend. "

    It's been more than two hours, gold has been sputtering for weeks now and platinum has been quietly rising for days.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭
    "Precious metals will continue to go up and down at random intervals!"
    .
    Prof. Irwin Corey
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>"Two hours of trading doesn't make a trend. "

    It's been more than two hours, gold has been sputtering for weeks now and platinum has been quietly rising for days. >>



    I guess it all depends on time frames. Gold is what 5% or so off from it's all time high and platinum is off 20%. Perhaps some see more value in platinum today.

    From a trader's perspective foe sure platinum has more momentum then gold recently on the long side. A general raising stock market lift's platinum more then gold. Could always be mining issues as well. A healthier car market helps white metals. Could be any or all or smoething I'm missing..................Usually it's just more buyers then sellers and vice a versa.....................I like platinum and gold. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Platinum doesn't always hold up when gold & silver happen to be down, but it goes a different direction often enough to really act as a buffer. Still, it's a precious metal and generally rises when the other pms do. Having a significant % as platinum will not hurt you.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MMRMMR Posts: 372
    JP Morgan has been continuously manipulating Gold and Silver DOWNWARD using the FED's money; or at least that is the prevailing theory over at ZeroHedge.com.
    My eBay auctions - nothing now
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Platinum has been stronger than gold the past month and a half after hitting an 18 month bottom. As already mentioned they cycle. And since the fall in 2008, platinum has much ground to regain, assuming that happens.

    plat vs gold chart

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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