hello 2mar$, report:
have been a big believer in 'blending' the essential metals, primarily of gold (65%) vs platinum (35%), and with a bit of silver (4% expansion) thrills and palladium (so far inconsequential % expansion) condiment added in.
each of the essential metals have a characteristic
- platinum, strategic and industrial, 85% produced out of s.africa and zimbabwe, both problematic
- palladium, bit less strategic and perhaps of equal industry, produced primarily out of russia, nuff said
- silver, poor men's gold, basic industrial and mass psychological
- gold, elemental, monetary, eternal, noble, but otherwise useless
at the mo am actually concerned about platinum (bearish: end of strikes, prospective supply surplus, and potential gold drubbing. bullish: longer term blah blah blah, and prospective mine confiscation in zimbabwe) and ...
have unload 1/3 of paper platinum to recognize profit even as i am adding to physical platinum and solid palladium by partial allocation of same profit.
in so off-loading, i reduced never comfortable leverage by 50% on total pf basis, and in preparation for post-march arena.
should pt go up in the coming week, another 1/3 shall be unceremoniously off-loaded.
must sell in order to buy, and can no longer sell unless intending to buy, or something like that.
the self-sustaining strategy is the only strategy and must be adhered to, whether i like it or not, and in the case of platinum, there is nothing not to like as they solidly stack up and stay so shiny.
as to au:pt parity, should be. 1721 vs 1706 is close enough for gold intervention work.
cheers, tj
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