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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.07-0.1%Nov 6 4:00 PM EST

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To: bull_dozer who wrote (215255)6/26/2025 9:47:31 PM
From: TobagoJack  Read Replies (1) of 217561
 
from behind the curtain ...

zerohedge.com

Platinum’s Perfect Storm

BY THE MARKET EAR

FRIDAY, JUN 27, 2025 - 0:44

King Platinum

Now well above the huge range...



Source: LSEG Workspace

Big golden cross

Platinum 50 week crossing the 200 week.



Source: LSEG Workspace

The precious race

Platinum leaving silver and gold way behind. Silver tried keeping up for a while, while gold has been stuck for months.



Source: LSEG Workspace

That was quick

Platinum/gold ratio has exploded to the upside, actually reaching the longer term negative trend line as of writing...



Source: LSEG Workspace

South Africa matters

Platinum production is highly geographically concentrated, with South Africa accounting for 70% of primary platinum production.



Source: GS

The ZAR connection

Platinum vs ZAR inv has moved in close tandem for many years. ZAR as a platinum laggard play?



Source: LSEG Workspace

Chinese platinum imports

"...shows a pick-up of platinum imports by China. Given the size of the gold vs the platinum market, even a very small crossover could have a significant impact on platinum balances. For instance, a 1% switch of gold jewellery to platinum could add 700 koz of demand. This would almost double the deficit to 1.6Moz". (BofA)



Source: BofA

Hydrogen economy

Below is a breakdown of industrial demand for platinum. Demand for platinum hinges on the hydrogen economy.



Source: Bernstein
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