Hmmm, awfully quiet here. Very interesting (and Bullish) comments taken From Kaplan site:
BUY MORE PLATINUM! While this is not particularly original advice from this page, as it repeats a similar recommendation in late October, the recent price drop gives investors a rare second opportunity to buy platinum at prices not far above multi-year lows. The much-touted "resistance" at $350 is a myth, and regardless of how much will be supplied from Russia over any given period of time, the supply-demand situation is compelling. Traders' commitments remain strongly bullish, while the most recent survey from Market Vane shows that only 11% of investors are currently bullish on platinum, even lower than the bullish sentiment at gold's bottom in late August. In addition, the recent bullish swing in traders' commitments for gold makes it likely that the two most precious metals will rise together, with platinum leading the way higher.
RECENT CHANGES:
Friday, November 6, 1998: The overall current outlook for gold has risen from MODERATELY BULLISH to SIGNIFICANTLY BULLISH, reflecting the sharp improvement in the traders' commitments for COMEX gold futures.
Friday, November 6, 1998: The traders' commitments indicator for gold has risen sharply from MODESTLY BEARISH to SIGNIFICANTLY BULLISH, as commercials have switched from being substantially net short to modestly net long, and speculators are roughly 3:1 short to long. |
