Silver Squeeze....Platinum Is The Better Trade

6

  • 189
  • 0
  • 3.218
  • Reply

  • Open in the desktop app ADD TO PLAYLIST

    rollandthomas

    Published on Feb 02, 2021
    About :

    According to President and CEO of First Majestic Silver Corp, Keith Neumeyer, silver faces serious supply constraints, and although most people may not realize, it is a very rare metal that should be trading in the triple digits in price. What Keith is getting at is most of the silver dug up from the ground goes into some type of industrial use vs. in a warehouse or vault like gold. Keith thinks the price of silver is a joke based on the rise of other metals, along with gold. Keith said silver is ignored as a cheap gold substitute and that is a wrong assumption.

    However, I think there is another opportunity in the Platinum market. When we talk about Silver, the price of Silver is determined in the futures market. The same goes with Platinum. But the Platinum futures market is even smaller than the Silver futures market.

    Platinum is a valuable and precious metal. Platinum is used extensively for jewelry, but its main use is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year. Platinum is very effective at converting emissions from the vehicle’s engine into less harmful waste products.

    Platinum is also used in the chemicals industry as a catalyst for the production of nitric acid, silicone and benzene. The electronics industry uses platinum as well for computer hard disks and thermocouples. Lastly, platinum is also is used to make optical fibres and LCDs, turbine blades, spark plugs, pacemakers and dental fillings.

    When we talk about the WallStreetBets crew shorting Silver, I will be attempting to go long Platinum.

    https://www.kitco.com/news/2021-01-28/Gold-to-still-hit-2-300-in-2021-but-silver-and-platinum-to-outperform-MKS.html

    MY TRADING METHODOLOGY IN A NUTSHELL BELOW

    I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

    I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

    Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
    Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
    Daily Charts (entry time frame) – which represents being on the football field with the player.
    4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

    Tags :

    leofinance silver wallstreetbets platinum commodities

    Woo! This creator can upvote comments using 3speak's stake today because they are a top performing creator! Leave a quality comment relating to their content and you could receive an upvote worth at least a dollar.

    Their limit for today is $0!
    Comments:
    Time until rollandthomas can give away $0 to their commenters.
    0 Days 0 Hours 0 Minutes 0 Seconds
    Reply:

    To comment on this video please connect a HIVE account to your profile: Connect HIVE Account

    09:21
    3 views 3 years ago $

    More Videos

    00:18
    0 views a week ago $
    00:55
    4 views a year ago $
    02:06
    2 views a year ago $