I have been buying SPPP for several years now and have been cost averaging down. Platinum has been in a down trend for years. Finally, it looks like Platinum has bottomed and is in a new uptrend. SPPP has broken a long time downtrend line, popped above it and is now retesting. With gold, silver, copper popping higher and higher, it is only a matter of time till Platinum catches a bid. I bought another bunch of shares looking for a continuation of the uptrend. If it fails, we might retest the bottom trendline in the wedge pattern.
Platinum Thesis is quite strong:
-Due to EV and Energy savings, more money is starting to move into commodities
-Many commodities are starting to outperform the broad market
-ICE Vehicles are not going away anytime soon, where Platinum and Palladium are used.
-As Hybrid vehicles are being more widely adopted, they use 3x the Platinum as ICE vehicles
-Platinum is 30x more rare than Gold.
-The miners that produce the metal are mostly in unstable jurisdictions.
-Demand for the metal is up, but we are currently in a deficit and material is difficult to get.
-As deficit increases, price should eventually rise to meet demand
-There are no real replacement for Platinum and Palladium.
Platinum Thesis is quite strong:
-Due to EV and Energy savings, more money is starting to move into commodities
-Many commodities are starting to outperform the broad market
-ICE Vehicles are not going away anytime soon, where Platinum and Palladium are used.
-As Hybrid vehicles are being more widely adopted, they use 3x the Platinum as ICE vehicles
-Platinum is 30x more rare than Gold.
-The miners that produce the metal are mostly in unstable jurisdictions.
-Demand for the metal is up, but we are currently in a deficit and material is difficult to get.
-As deficit increases, price should eventually rise to meet demand
-There are no real replacement for Platinum and Palladium.
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.