Today, I am here with more fundamental analysis. We are dancing on top of very strong resistance on platinnum. I preferably trade with signals from oscillators, but this one seems to me like long-awaited long opportunity, which does not repeat often. Platinnum was this low in 2008 and before that 2004. Both minimums could be seen as part of the same hyperwave. Now, we are on the same lows again. What can this mean?
Fundamentally speaking, platinnum is a precious metal. As it grew during crisis from 2008 and on, it might grow again. We are approaching another crisis. Precious metals can be a safe store for money during crisis. This is one thing to remember.
Second thing I want to mention is more contrarian point of view. Platinnum is used in automobile industry, which is having hard times in all Europe. This is second thing to remember.
Third thing - to the best of my knowledge, production is decreasing compared to demand, which would negate the impact of my second point.
I am not telling you to buy, but at least, keep an eye on this market. It is not watched by many, you can take an advantage of being one of the first who take part in the next growing cycle. Market could go sideways for a long time, but it is not usually the case. Not when it is priced so low it is not worth mining.
Thank you for reading, sub for more,
