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...
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?
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February 18, 2009 10:35 AM | Posted by : | Reply
Classic gold bubble, or pt is hugely undervalued. My bet is on the former.
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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.
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February 18, 2009 11:10 AM | Posted by : | Reply
Correspondingly, poppy futures should be heading up as supply may soon suffer...
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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. ;-)
Score: 1 (1 votes cast)
January 26, 2013 9:28 PM | Posted by : | Reply
OK so the chart shows the normal progression of the Au/Pt ratio during economic downturns. Pt is an industrial metal and falls out of it's standard ratio with Au when industrial demand is suppressed. Eventually the ratio will re-establish as either auto demand picks back up or Pt production decreases due to unsustainably low price.
More importantly, what does this chart have to do with your normally brilliant insights into the human psyche. This kind of stuff is mosly only relevant to traders and hard asset investors.
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January 9, 2014 8:21 PM | Posted by : | Reply
TLP is using money as a proxy for identity. I think he's encouraging us to invest in ourselves and see the real term consequences of our actions. This platinum vs. gold comparison, I believe has something to do with the idea that platinum is the identity manufactured by a narcissist and gold is the real "you". Most of the time you can float by, borrowing "credit" (making people believe you are something you are not) and the want for flattery (validation of false identity) is the power over the narcissist.
Score: 2 (2 votes cast)
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