Platinum vs. Gold
You wait a couple months, then you gonna see
You'll never find nobody better than me
In the night I hear them talk- the coldest story ever told
somewhere far along this road he lost his soul
To a woman so heartless
That woman is credit, her power is flattery...
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February 17, 2009 9:56 PM | Posted by : | Reply
I'm not really sure what that chart means. Partially because of the smallness, but mostly because I've never really looked at any kind of stock/commodity chart. Anyone care to enlighten me here?
February 18, 2009 10:35 AM | Posted by : | Reply
Classic gold bubble, or pt is hugely undervalued. My bet is on the former.
February 18, 2009 10:37 AM | Posted by : | Reply
Fargo:
See this older post: Has Anyone Noticed That Price Of Gold And Platinum Is The Same?
More precisely, the uptick at the end of the chart suggests that momentum investors should jump in right now.
February 18, 2009 11:10 AM | Posted by : | Reply
Correspondingly, poppy futures should be heading up as supply may soon suffer...
February 18, 2009 10:53 PM | Posted by : | Reply
As above. Ignoring present circumstances and focusing only on history, this is a ratio that is preposterously untenable. Either platinum has to go to $1500 or gold to $700 for the ratio to attempt to return to normal. Short gold/long platinum is the trade.
However, it's clear that these are special circumstances; history may not apply anymore; things are different now. ;-)
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