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Technical Analysis: Metals
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Platinum
Wed, Jan 30 2008, 10:56 GMT
by Nicole Elliott
Comment: Textbook stuff really as we trade at record highs, comfortably meeting our medium term target at $1650.00 per ounce. Last week’s massive move has also taken spot Palladium to a multi-year high at $387.50 and Rhodium to a record $7070.00. We continue to favour Platinum Group Metals over gold, silver and many base ones (although Ruthenium is trading under half of last year’s peak at $880.00). It is very overbought but then bullish momentum is at its strongest in twenty years. Buy, close your eyes and hope for the best.
Published on Wed, Jan 30 2008, 11:45 GMT
Archive
- Spot GOLD
Published On Thu, Oct 9 2008, 14:54 GMT - Spot GOLD
Published On Tue, Aug 12 2008, 13:04 GMT - Spot PLATINUM
Published On Tue, Jul 22 2008, 09:49 GMT - Spot SILVER
Published On Fri, Mar 7 2008, 09:00 GMT - Platinum
Published On Wed, Jan 30 2008, 10:56 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
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