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Looks like Platinum futures have rolled over!

BigEBigE Posts: 6,949 ✭✭✭
in Precious Metals
Meaning that the metal is trading for less in the future than it is nowimage-------------------BigE


Text
I'm glad I am a Tree

Comments

  • BigRickBigRick Posts: 1,334
    Backwardation is unusual in the metals markets (as it implies - among other things - a negative carrying cost which can't continue indefinitely). Should be some opportunities if you have access to the CMA clearport options.
    My Sets
  • AhrensdadAhrensdad Posts: 2,583 ✭✭✭
    What are the implications of this? Does this mean the market expects the price to drop?
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  • BigEBigE Posts: 6,949 ✭✭✭
    Yes, could change at any time though------------------BigE
    I'm glad I am a Tree
  • pmcollectourpmcollectour Posts: 1,211 ✭
    I know this sounds weird to this board, because we had a poll a while back where I believe only 33% felt that gold would ever
    outdistance platinum, but I'm still in the camp that gold will dwarf platinum someday.

    I even believe that platinum could see $600-$800 per ounce in the next four years. Palladium could drop below $300 too.

    Just my opinion, but that's the way I see it.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Palladium could drop below $300 too. >>



    It hasn't been that long ago..1/2009 that it was below $300... I remember loading up with about 30 oz, but sold to soon @ average price of $550image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • SpoolySpooly Posts: 2,108 ✭✭✭


    << <i>

    << <i>Palladium could drop below $300 too. >>



    It hasn't been that long ago..1/2009 that it was below $300... I remember loading up with about 30 oz, but sold to soon @ average price of $550image >>




    Wait a minute..... did OPA just complain about make 83% return on his money? image


    OPA..... that's what I call winning! image




    edited for spelling
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Palladium could drop below $300 too. >>



    It hasn't been that long ago..1/2009 that it was below $300... I remember loading up with about 30 oz, but sold to soon @ average price of $550image >>




    Wait a minute..... did OPA just complaint about make 83% return on his money? image


    OPA..... that what I call winning! image >>



    If I'd waited another year...I could have sold it for $750+ per oz.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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