
CFDs on Platinum (US$ / OZ) forum

…posted this a couple hours ago but it never posted to the XPTUSD & XAGUSD boards for some reason… basically, my take on this article posted earlier today…
*** “The Israel-Iran conflict is unlikely to lift gold price in the long term, Julius Baer's Carsten Menke says in a research note. The gold market's reaction to the escalating conflict between Israel and Iran remains very moderate, with prices up less than 1% since before Israel's initial attack, the analyst says. "We assume that this reaction has been driven by some speculators and automated trading systems in the futures market rather than by physical safe-haven demand," the analyst notes. It is in line with the historical pattern of such geopolitical shocks not keeping gold prices high for long, Menke notes. Spot gold is flat at $3385.11/oz.” ***
… you mean you’re short without saying you’re short, hoping to catch a drop down to support @ ~3290 zone ( +/- 10 ). Physical safe-haven demand is only temporarily suppressed because of the un-affordability factor and being redirected to platinum and silver.
… during inflationary cycles, pm’s are the last of the commodities to rise where gold leads the charge while platinum/silver are the laggards. So what we’re experiencing currently are the ratios of both metals to gold just beginning to contract. Spot gold flat?? @ ~3385?? Flat?! Seriously?! At ath’s and you claim it’s flat?… ya, okay buddy 👍
… these same 🤡s were spewing similar nonsense @ ~1800/2100/2400/2800/3000/etc. and will continue to do so every time prices break into new, higher territories