http://www.theaureport.com/article/2018/11/04/a-great-day-for-metals-as-platinum-breaks-out.html
It was a very good day for the metals Friday, as they rose sharply in response to the dollar going into reverse after a sizable run-up. A very significant development was that platinum broke out of its Head-and-Shoulders bottom on strong volume, a move which we had expected that marks the start of a bull market. Copper, gold and silver also rose with silver having a particularly strong day, and although copper and silver have yet to break out of their Head-and-Shoulders bottom patterns, the breakout by platinum is a sign that they will follow suit and break out soon. We can see the breakout by platinum out of its fine Head-and-Shoulders bottom on its latest 6-month chart below.
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A Great Day for Metals as Platinum Breaks Out
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Last
$840.00 |
Change
6.000(0.72%) |
Mkt cap ! n/a |
Open | High | Low |
$840.00 | $0.00 | $0.00 |
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